Question 1

Describe the components of strategy.

Accepted Answer

Strategy is a comprehensive plan of acti

Question 2

A(n)____ strategy is a plan chosen and implemented to support specific goals,such as an increase of market share by 5 percent.

Accepted Answer

A)  valid 
B)  deliberate 
C)  reliable 
D)  emergent 
E)  synergistic 
A)  valid 
B)  deliberate 
C)  reliable 
D)  emergent 
E)  synergistic

Question 3

Manufacturing creates the organization's products or services.

Accepted Answer

A) True 
 B)False

Question 4

International and global firms have three additional sources of competitive advantage available to them that are unavailable to domestic firms.Describe those three sources of competitive advantage.

Accepted Answer

The three additional sources of competit

Question 5

In the BCG matrix,businesses are classified on the basis of the ____________________ they hold and the growth rate of that market.

Accepted Answer

The answer of In the BCG matrix,businesses are classified on...

Question 6

According to the Miles and Snow typology,organizations need to implement a(n)____________________ strategy to encourage creativity and flexibility.

Accepted Answer

The answer of According to the Miles and Snow typology,organizations...

Question 7

Which of the following is NOT an international business strategy?

Accepted Answer

A)  Home replication 
B)  Transnational 
C)  Multi-domestic 
D)  Global 
E)  Intercontinental 
A)  Home replication 
B)  Transnational 
C)  Multi-domestic 
D)  Global 
E)  Intercontinental

Question 8

A(n)____________________ is the purchase of one firm by another firm that is considerably larger.

Accepted Answer

The answer of A(n)____________________ is the purchase of one firm...

Question 9

Franke,a Swiss manufacturer of sink and facet systems,sold accessories through retail stores and then added Internet sales.Franke used

Accepted Answer

A)  forward vertical integration. 
B)  unrelated diversification. 
C)  backward vertical integration. 
D)  horizontal integration. 
E)  a defender strategy. 
A)  forward vertical integration. 
B)  unrelated diversification. 
C)  backward vertical integration. 
D)  horizontal integration. 
E)  a defender strategy.

Question 10

Mont Blanc pens sell for hundreds of dollars.Mont Blanc uses a(n)____ strategy.

Accepted Answer

A)  guerrilla 
B)  overall cost leadership 
C)  focus 
D)  differentiation 
E)  defender 
A)  guerrilla 
B)  overall cost leadership 
C)  focus 
D)  differentiation 
E)  defender

Question 11

Match the following.You may use a response once,more than once,or not at all.
-Course charted for the total organization

Accepted Answer

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

Question 12

Hewlett Packard made PCs.Projected industry sales of smartphones were expected to be almost double expected sales of PCs.HP went through the strategy change process looking first at the content of its strategy.That was

Accepted Answer

A)  strategic marketing. 
B)  tactical implementation. 
C)  strategic formulation. 
D)  corporate strategy. 
E)  strategy implementation. 
A)  strategic marketing. 
B)  tactical implementation. 
C)  strategic formulation. 
D)  corporate strategy. 
E)  strategy implementation.

Question 13

Organizational ____________________ are skills and capabilities that enable an organization to conceive of and implement its strategies.

Accepted Answer

The answer of Organizational ____________________ are skills and capabilities that...

Question 14

Most organizations have a difficult time focusing on weaknesses.

Accepted Answer

A) True 
 B)False

Question 15

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.
-Call of Duty,one of gaming's biggest successes,is published and owned by Activision.

Accepted Answer

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

Question 16

Match the following.You may use a response once,more than once,or not at all.
-Something the organization is very good at doing

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 17

Which of the strategy types in the Miles and Snow model avoids long-term commitment to any single technology,is highly decentralized,and has a propensity to take risk?

Accepted Answer

A)  Prospector 
B)  Defender 
C)  Reactor 
D)  Rescuer 
E)  Analyzer 
A)  Prospector 
B)  Defender 
C)  Reactor 
D)  Rescuer 
E)  Analyzer

Question 18

If the marketing department adopts a strategy calling for substantial test marketing,aggressive advertising campaigns,and inducing consumer product trials,which of the following is most likely the business strategy being used by the company as a whole?

Accepted Answer

A)  Analyzer 
B)  defender 
C)  Prospector 
D)  Cost leadership 
E)  Focus 
A)  Analyzer 
B)  defender 
C)  Prospector 
D)  Cost leadership 
E)  Focus

Question 19

____________________ usually does not lead to high performance.

Accepted Answer

Unrelated

Question 20

The company that produced the television show,Who Wants to Marry My Dad?,had to cut cash flow when the demand for the show did not live up to expectations.According to the BCG matrix,the TV show,Who Wants to Marry My Dad?,was an example of a

Accepted Answer

A)  question mark. 
B)  rising star. 
C)  star. 
D)  dog. 
E)  cash cow. 
A)  question mark. 
B)  rising star. 
C)  star. 
D)  dog. 
E)  cash cow.

Describe the components of strategy.

A(n)____ strategy is a plan chosen and implemented to support specific goals,such as an increase of market share by 5 percent.

Manufacturing creates the organization's products or services.

International and global firms have three additional sources of competitive advantage available to them that are unavailable to domestic firms.Describe those three sources of competitive advantage.

In the BCG matrix,businesses are classified on the basis of the ____________________ they hold and the growth rate of that market.

According to the Miles and Snow typology,organizations need to implement a(n)____________________ strategy to encourage creativity and flexibility.

Which of the following is NOT an international business strategy?

A(n)____________________ is the purchase of one firm by another firm that is considerably larger.

Franke,a Swiss manufacturer of sink and facet systems,sold accessories through retail stores and then added Internet sales.Franke used

Mont Blanc pens sell for hundreds of dollars.Mont Blanc uses a(n)____ strategy.

Match the following.You may use a response once,more than once,or not at all. -Course charted for the total organization

Hewlett Packard made PCs.Projected industry sales of smartphones were expected to be almost double expected sales of PCs.HP went through the strategy change process looking first at the content of its strategy.That was

Organizational ____________________ are skills and capabilities that enable an organization to conceive of and implement its strategies.

Most organizations have a difficult time focusing on weaknesses.

Match the following.You may use a response once,more than once,or not at all. -Something the organization is very good at doing

Which of the strategy types in the Miles and Snow model avoids long-term commitment to any single technology,is highly decentralized,and has a propensity to take risk?

If the marketing department adopts a strategy calling for substantial test marketing,aggressive advertising campaigns,and inducing consumer product trials,which of the following is most likely the business strategy being used by the company as a whole?

____________________ usually does not lead to high performance.

The company that produced the television show,Who Wants to Marry My Dad?,had to cut cash flow when the demand for the show did not live up to expectations.According to the BCG matrix,the TV show,Who Wants to Marry My Dad?,was an example of a

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

Describe the components of strategy.

A(n)____ strategy is a plan chosen and implemented to support specific goals,such as an increase of market share by 5 percent.

Manufacturing creates the organization's products or services.

International and global firms have three additional sources of competitive advantage available to them that are unavailable to domestic firms.Describe those three sources of competitive advantage.

In the BCG matrix,businesses are classified on the basis of the ____________________ they hold and the growth rate of that market.

According to the Miles and Snow typology,organizations need to implement a(n)____________________ strategy to encourage creativity and flexibility.

Which of the following is NOT an international business strategy?

A(n)____________________ is the purchase of one firm by another firm that is considerably larger.

Franke,a Swiss manufacturer of sink and facet systems,sold accessories through retail stores and then added Internet sales.Franke used

Mont Blanc pens sell for hundreds of dollars.Mont Blanc uses a(n)____ strategy.

Match the following.You may use a response once,more than once,or not at all. -Course charted for the total organization

Hewlett Packard made PCs.Projected industry sales of smartphones were expected to be almost double expected sales of PCs.HP went through the strategy change process looking first at the content of its strategy.That was

Organizational ____________________ are skills and capabilities that enable an organization to conceive of and implement its strategies.

Most organizations have a difficult time focusing on weaknesses.

Match the following.You may use a response once,more than once,or not at all. -Something the organization is very good at doing

Which of the strategy types in the Miles and Snow model avoids long-term commitment to any single technology,is highly decentralized,and has a propensity to take risk?

If the marketing department adopts a strategy calling for substantial test marketing,aggressive advertising campaigns,and inducing consumer product trials,which of the following is most likely the business strategy being used by the company as a whole?

____________________ usually does not lead to high performance.

The company that produced the television show,Who Wants to Marry My Dad?,had to cut cash flow when the demand for the show did not live up to expectations.According to the BCG matrix,the TV show,Who Wants to Marry My Dad?,was an example of a

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