Question 1

The specificity of a plan refers to ________ concerns.

Accepted Answer

A) long-term versus short-term 
B) strategic versus tactical 
C) specific versus directional 
D) single use versus standing 
A) long-term versus short-term 
B) strategic versus tactical 
C) specific versus directional 
D) single use versus standing

Question 2

Capabilities are "what" an organization has; resources are "how" it uses what it has.

Accepted Answer

A) True 
 B)False

Question 3

A corporate strategy focuses primarily on ________.

Accepted Answer

A) an organization's mission 
B) an organization's strengths 
C) an organization's weaknesses 
D) an organization's people 
A) an organization's mission 
B) an organization's strengths 
C) an organization's weaknesses 
D) an organization's people

Question 4

To address limited,short-term problems a company is most likely to employ a ________ strategy.

Accepted Answer

A) retrenchment 
B) turnaround 
C) doomsday 
D) self-critical 
A) retrenchment 
B) turnaround 
C) doomsday 
D) self-critical

Question 5

Discuss Porter's focus strategy.

Accepted Answer

A company pursues a focus strategy when

Question 6

"Build a better mousetrap" is a way of describing a competitive advantage.

Accepted Answer

A) True 
 B)False

Question 7

To create a competitive advantage that is sustainable,a company can begin by focusing on quality,then ________.

Accepted Answer

A) make sure quality doesn't decline at too rapid a pace 
B) make incremental improvements to keep quality levels high 
C) change its entire product line frequently 
D) slowly diminish quality and raise the prices of its products 
A) make sure quality doesn't decline at too rapid a pace 
B) make incremental improvements to keep quality levels high 
C) change its entire product line frequently 
D) slowly diminish quality and raise the prices of its products

Question 8

Directional plans ________.

Accepted Answer

A) leave no room for interpretation 
B) are flexible general guidelines 
C) are difficult to modify 
D) must be short-term plans 
A) leave no room for interpretation 
B) are flexible general guidelines 
C) are difficult to modify 
D) must be short-term plans

Question 9

Operational plans are plans that identify ________.

Accepted Answer

A) overall organizational goals 
B) how overall goals are going to be achieved 
C) the mission of an organization 
D) specific goals for accomplishing a specific objective 
A) overall organizational goals 
B) how overall goals are going to be achieved 
C) the mission of an organization 
D) specific goals for accomplishing a specific objective

Question 10

________ are important because they provide the standards against which all organizational accomplishments are measured.

Accepted Answer

A) Goals 
B) Guidelines 
C) Models 
D) Rules 
A) Goals 
B) Guidelines 
C) Models 
D) Rules

Question 11

SWOT analysis includes the identification of an organization's strengths,weaknesses,opportunities,and threats.

Accepted Answer

A) True 
 B)False

Question 12

The four reasons that organizations plan is to provide direction,set standards,minimize waste,and reduce uncertainty and the impact of change.

Accepted Answer

A) True 
 B)False

Question 13

The New Delhi Market demonstrates which competitive strategy?

Accepted Answer

A) cost leadership 
B) focus 
C) stuck in the middle 
D) generic 
A) cost leadership 
B) focus 
C) stuck in the middle 
D) generic

Question 14

A cell phone company might ask managers to do some environmental scanning of blogs that deal with electronics as a way to ________.

Accepted Answer

A) obtain new customers 
B) identify emerging trends 
C) obtain new advertisers 
D) identify potential rivals 
A) obtain new customers 
B) identify emerging trends 
C) obtain new advertisers 
D) identify potential rivals

Question 15

At some point,all managers create formal plans.

Accepted Answer

A) True 
 B)False

Question 16

A key function of planning is to create goals.

Accepted Answer

A) True 
 B)False

Question 17

A corporate strategy may be a growth strategy,a stability strategy,or a renewal strategy.

Accepted Answer

A) True 
 B)False

Question 18

Long-term plans used to refer to plans that covered a period of over three years,but now it refers to any time period over one year.

Accepted Answer

A) True 
 B)False

Question 19

Studies of performance in organizations that plan have reached ________ with respect to the benefits of formal planning.

Accepted Answer

A) somewhat negative conclusions 
B) no conclusion 
C) extremely negative conclusions 
D) generally positive conclusions 
A) somewhat negative conclusions 
B) no conclusion 
C) extremely negative conclusions 
D) generally positive conclusions

Question 20

Compare strategic plans and operational plans.

Accepted Answer

Strategic plans are plans that apply to

The specificity of a plan refers to ________ concerns.

Capabilities are "what" an organization has; resources are "how" it uses what it has.

A corporate strategy focuses primarily on ________.

To address limited,short-term problems a company is most likely to employ a ________ strategy.

Discuss Porter's focus strategy.

"Build a better mousetrap" is a way of describing a competitive advantage.

To create a competitive advantage that is sustainable,a company can begin by focusing on quality,then ________.

Directional plans ________.

Operational plans are plans that identify ________.

________ are important because they provide the standards against which all organizational accomplishments are measured.

SWOT analysis includes the identification of an organization's strengths,weaknesses,opportunities,and threats.

The four reasons that organizations plan is to provide direction,set standards,minimize waste,and reduce uncertainty and the impact of change.

The New Delhi Market demonstrates which competitive strategy?

A cell phone company might ask managers to do some environmental scanning of blogs that deal with electronics as a way to ________.

At some point,all managers create formal plans.

A key function of planning is to create goals.

A corporate strategy may be a growth strategy,a stability strategy,or a renewal strategy.

Long-term plans used to refer to plans that covered a period of over three years,but now it refers to any time period over one year.

Studies of performance in organizations that plan have reached ________ with respect to the benefits of formal planning.

Compare strategic plans and operational plans.

Managers and Management

Environmental Contraints on Managers

Decision Making

Organizational Structure and Design

Operations Management

Human Resource Management

Leadership

Motivating Employees

Understanding Groups and Teams

Foundations of Control

Managing Innovation and Change

Filters

Exam 3: Planning and Strategic Management

The specificity of a plan refers to ________ concerns.

Capabilities are "what" an organization has; resources are "how" it uses what it has.

A corporate strategy focuses primarily on ________.

To address limited,short-term problems a company is most likely to employ a ________ strategy.

Discuss Porter's focus strategy.

"Build a better mousetrap" is a way of describing a competitive advantage.

To create a competitive advantage that is sustainable,a company can begin by focusing on quality,then ________.

Directional plans ________.

Operational plans are plans that identify ________.

________ are important because they provide the standards against which all organizational accomplishments are measured.

SWOT analysis includes the identification of an organization's strengths,weaknesses,opportunities,and threats.

The four reasons that organizations plan is to provide direction,set standards,minimize waste,and reduce uncertainty and the impact of change.

The New Delhi Market demonstrates which competitive strategy?

A cell phone company might ask managers to do some environmental scanning of blogs that deal with electronics as a way to ________.

At some point,all managers create formal plans.

A key function of planning is to create goals.

A corporate strategy may be a growth strategy,a stability strategy,or a renewal strategy.

Long-term plans used to refer to plans that covered a period of over three years,but now it refers to any time period over one year.

Studies of performance in organizations that plan have reached ________ with respect to the benefits of formal planning.

Compare strategic plans and operational plans.

Managers and Management

Environmental Contraints on Managers

Decision Making

Organizational Structure and Design

Operations Management

Human Resource Management

Leadership

Motivating Employees

Understanding Groups and Teams

Foundations of Control

Managing Innovation and Change

Filters