Question 1

Match the following.You may use a response once,more than once,or not at all.
-Aimed at aligning the organization with its environment

Accepted Answer

A) Distinctive competence 
B) Resource deployment 
C) Scope 
D) Strategic management 
E) Synergy 
A) Distinctive competence 
B) Resource deployment 
C) Scope 
D) Strategic management 
E) Synergy

Question 2

The starting point in formulating strategy is usually ____________________ analysis.

Accepted Answer

The answer of The starting point in formulating strategy is...

Question 3

Credit card and mortgage divisions of banks often get their customers from the bank's commercial loan customers.This is an example of ____ .

Accepted Answer

A)  resource deployment 
B)  strategic scope 
C)  competitive advantage 
D)  synergy in related diversification 
E)  None of these choices 
A)  resource deployment 
B)  strategic scope 
C)  competitive advantage 
D)  synergy in related diversification 
E)  None of these choices

Question 4

Each business or set of businesses within an organization is frequently referred to as a star business unrelated,or SBU.

Accepted Answer

A) True 
 B)False

Question 5

The aircraft engine division of General Electric,which competes with Pratt & Whitney,has its own mission and a strategy that often differs considerably from other parts of the corporation.What is a division such as this called?

Accepted Answer

A)  An independent business 
B)  A strategic business unit 
C)  An entrepreneurship 
D)  A functional department 
E)  A competitive unit 
A)  An independent business 
B)  A strategic business unit 
C)  An entrepreneurship 
D)  A functional department 
E)  A competitive unit

Question 6

The key to implementing business strategies is integrating different functions.

Accepted Answer

A) True 
 B)False

Question 7

____________________ is a strategy in which an organization attempts to gain a competitive advantage by reducing its costs below the costs of competing firms.

Accepted Answer

Overall co

Question 8

Using the Boston Consulting Group matrix,SBUs are classified on the basis of

Accepted Answer

A)  market share and market growth rate. 
B)  market share and cash generation potential. 
C)  market growth rate and financial strength. 
D)  financial strength and product life cycle. 
E)  cash generation potential and product life cycle. 
A)  market share and market growth rate. 
B)  market share and cash generation potential. 
C)  market growth rate and financial strength. 
D)  financial strength and product life cycle. 
E)  cash generation potential and product life cycle.

Question 9

____ strategy refers to a mid-range strategy that attempts to move into new market areas at a deliberate and carefully planned pace.

Accepted Answer

A)  Analyzer 
B)  Prospector 
C)  Targeted 
D)  Defender 
E)  Differentiation 
A)  Analyzer 
B)  Prospector 
C)  Targeted 
D)  Defender 
E)  Differentiation

Question 10

Match the following.You may use a response once,more than once,or not at all.
-Copy products of others rather than develop new ideas of

Accepted Answer

A) Business strategy 
B) Corporate-level strategy 
C) Functional strategy 
A) Business strategy 
B) Corporate-level strategy 
C) Functional strategy

Question 11

Match the following.You may use a response once,more than once,or not at all.
-Differentiation

Accepted Answer

A) Business-level strategy 
B) Corporate-level strategy 
C) International strategy 
A) Business-level strategy 
B) Corporate-level strategy 
C) International strategy

Question 12

Which of the following is an example of one of the Miles and Snow typology classifications for business strategies?

Accepted Answer

A)  Focuser 
B)  Rescuer 
C)  Aggressor 
D)  Prospector 
E)  Differentiator 
A)  Focuser 
B)  Rescuer 
C)  Aggressor 
D)  Prospector 
E)  Differentiator

Question 13

Turner Broadcasting was looking for a source of movies to show on its various cable television stations.When Turner purchased a movie studio with its vault of old movies,it was an example of a(n)____ diversification strategy.

Accepted Answer

A)  related 
B)  integrated 
C)  unrelated 
D)  functional 
E)  institutional 
A)  related 
B)  integrated 
C)  unrelated 
D)  functional 
E)  institutional

Question 14

Philip Morris markets Marlboro cigarettes,the number-one selling cigarette brand in the world.Outside the United States,Marlboro generates huge profits that Philip Morris uses to support other less successful SBUs.According to the BCG matrix,Marlboro is an example of a

Accepted Answer

A)  question mark. 
B)  problem child. 
C)  star. 
D)  barking dog. 
E)  cash cow. 
A)  question mark. 
B)  problem child. 
C)  star. 
D)  barking dog. 
E)  cash cow.

Question 15

The ____ strategy is the most conservative approach in the Miles and Snow classifications of business strategies.

Accepted Answer

A)  analyzer 
B)  star 
C)  prospector 
D)  reactor 
E)  defender 
A)  analyzer 
B)  star 
C)  prospector 
D)  reactor 
E)  defender

Question 16

The Windows operating system is used in 90% of the world's PCs.Microsoft has an international

Accepted Answer

A)  strength 
B)  weakness 
C)  opportunity 
D)  threat 
E)  competitive disadvantage 
A)  strength 
B)  weakness 
C)  opportunity 
D)  threat 
E)  competitive disadvantage

Question 17

Match the following.You may use a response once,more than once,or not at all.
-Focuses primarily on synergy and competitive advantage

Accepted Answer

A) Business strategy 
B) Corporate-level strategy 
C) Functional strategy 
A) Business strategy 
B) Corporate-level strategy 
C) Functional strategy

Question 18

Special Exercises
Electronic Arts (EA)is a video game producer.It makes games for just about any game console,handheld game,PC,and cell phone.Sony makes games only for PlayStation platforms.Acclaim makes games primarily for massive multiplayer online game downloads.EA has the following information to begin a SWOT analysis.Determine whether each statement describes a strength,weakness,opportunity,or threat.
-Female gamers have few games that appeal to them.

Accepted Answer

A) Strength 
B) Weakness 
C) Opportunity 
D) Threat 
A) Strength 
B) Weakness 
C) Opportunity 
D) Threat

Question 19

Some firms ____________________ by developing their own new products and services within the boundaries of their traditional business operations.

Accepted Answer

The answer of Some firms ____________________ by developing their own...

Question 20

Strategy formulation is

Accepted Answer

A)  a set of processes involving the organization's strategies. 
B)  the method by which strategies are operationalized. 
C)  the same as goal development. 
D)  also called corporate-level strategy. 
E)  a form of functional strategy. 
A)  a set of processes involving the organization's strategies. 
B)  the method by which strategies are operationalized. 
C)  the same as goal development. 
D)  also called corporate-level strategy. 
E)  a form of functional strategy.

Match the following.You may use a response once,more than once,or not at all. -Aimed at aligning the organization with its environment

The starting point in formulating strategy is usually ____________________ analysis.

Credit card and mortgage divisions of banks often get their customers from the bank's commercial loan customers.This is an example of ____ .

Each business or set of businesses within an organization is frequently referred to as a star business unrelated,or SBU.

The aircraft engine division of General Electric,which competes with Pratt & Whitney,has its own mission and a strategy that often differs considerably from other parts of the corporation.What is a division such as this called?

The key to implementing business strategies is integrating different functions.

____________________ is a strategy in which an organization attempts to gain a competitive advantage by reducing its costs below the costs of competing firms.

Using the Boston Consulting Group matrix,SBUs are classified on the basis of

____ strategy refers to a mid-range strategy that attempts to move into new market areas at a deliberate and carefully planned pace.

Match the following.You may use a response once,more than once,or not at all. -Copy products of others rather than develop new ideas of

Match the following.You may use a response once,more than once,or not at all. -Differentiation

Which of the following is an example of one of the Miles and Snow typology classifications for business strategies?

Turner Broadcasting was looking for a source of movies to show on its various cable television stations.When Turner purchased a movie studio with its vault of old movies,it was an example of a(n)____ diversification strategy.

Philip Morris markets Marlboro cigarettes,the number-one selling cigarette brand in the world.Outside the United States,Marlboro generates huge profits that Philip Morris uses to support other less successful SBUs.According to the BCG matrix,Marlboro is an example of a

The ____ strategy is the most conservative approach in the Miles and Snow classifications of business strategies.

The Windows operating system is used in 90% of the world's PCs.Microsoft has an international

Match the following.You may use a response once,more than once,or not at all. -Focuses primarily on synergy and competitive advantage

Some firms ____________________ by developing their own new products and services within the boundaries of their traditional business operations.

Strategy formulation is

Managing and the Managers Job

Traditional and Contemporary Opportunities and Challenges

Understanding the Organizations Environment

Responding to the Ethical and Social Environment

Navigating the Global Environment

Basic Elements of Planning and Decision Making

Managing Decision Making and Problem Solving

Managing Start-Ups and New Ventures

Basic Elements of Organizing

Managing Organization Design

Managing Change and Innovation

Managing Human Resources

Basic Elements of Individual and Interpersonal Behavior

Managing Employee Motivation and Performance

Managing Leadership and Influence Processes

Managing Interpersonal Relations and Communication

Managing Work Groups and Teams

Basic Elements of Control

Managing Operations, quality, and Productivity

Filters

Exam 7: Managing Strategy and Strategic Planning

Match the following.You may use a response once,more than once,or not at all. -Aimed at aligning the organization with its environment

The starting point in formulating strategy is usually ____________________ analysis.

Credit card and mortgage divisions of banks often get their customers from the bank's commercial loan customers.This is an example of ____ .

Each business or set of businesses within an organization is frequently referred to as a star business unrelated,or SBU.

The aircraft engine division of General Electric,which competes with Pratt & Whitney,has its own mission and a strategy that often differs considerably from other parts of the corporation.What is a division such as this called?

The key to implementing business strategies is integrating different functions.

____________________ is a strategy in which an organization attempts to gain a competitive advantage by reducing its costs below the costs of competing firms.

Using the Boston Consulting Group matrix,SBUs are classified on the basis of

____ strategy refers to a mid-range strategy that attempts to move into new market areas at a deliberate and carefully planned pace.

Match the following.You may use a response once,more than once,or not at all. -Copy products of others rather than develop new ideas of

Match the following.You may use a response once,more than once,or not at all. -Differentiation

Which of the following is an example of one of the Miles and Snow typology classifications for business strategies?

Turner Broadcasting was looking for a source of movies to show on its various cable television stations.When Turner purchased a movie studio with its vault of old movies,it was an example of a(n)____ diversification strategy.

Philip Morris markets Marlboro cigarettes,the number-one selling cigarette brand in the world.Outside the United States,Marlboro generates huge profits that Philip Morris uses to support other less successful SBUs.According to the BCG matrix,Marlboro is an example of a

The ____ strategy is the most conservative approach in the Miles and Snow classifications of business strategies.

The Windows operating system is used in 90% of the world's PCs.Microsoft has an international

Match the following.You may use a response once,more than once,or not at all. -Focuses primarily on synergy and competitive advantage

Some firms ____________________ by developing their own new products and services within the boundaries of their traditional business operations.

Strategy formulation is

Managing and the Managers Job

Traditional and Contemporary Opportunities and Challenges

Understanding the Organizations Environment

Responding to the Ethical and Social Environment

Navigating the Global Environment

Basic Elements of Planning and Decision Making

Managing Decision Making and Problem Solving

Managing Start-Ups and New Ventures

Basic Elements of Organizing

Managing Organization Design

Managing Change and Innovation

Managing Human Resources

Basic Elements of Individual and Interpersonal Behavior

Managing Employee Motivation and Performance

Managing Leadership and Influence Processes

Managing Interpersonal Relations and Communication

Managing Work Groups and Teams

Basic Elements of Control

Managing Operations, quality, and Productivity

Filters