Exam 7: Foundations of Planning

All of the following are threats to a sustainable, long-term competitive advantage EXCEPT ________.

A company whose goal is to retain its ideal size and market share is employing which kind of strategy?

A company that looks for a niche in the market is following which strategy?

Buying a competitor's product for evaluation is a form of environmental scanning.

To gain a sustainable competitive advantage, a pharmaceutical company might ________.

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

The final three steps in the strategic management process involve the creation and implementation of strategies for realizing organizational goals.

An organization's resources identify ________.

In a short essay, define planning and compare formal and informal planning as they are used in various organizations.

In a short essay, define and discuss management by objectives (MBO).

The four reasons that organizations plan are to establish coordinated effort, set standards, minimize waste, and reduce uncertainty and the impact of change.

Growth strategies include ________.

A diversified corporation is likely to have ________.

One criticism of formal planning is that it focuses on how to beat the competition rather than how to ________.

In traditional goal setting, these individuals set goals.

Two companies that both sell fine timepieces combine. What are they doing?

A mission statement for a kayak manufacturer might be as follows: To make the highest-quality kayaks and sell them at a competitive price.

When Google purchased YouTube, a company that featured different, but related products, Google was engaging in which of the following?

Together, an organization's resources and core competencies make up which of the following?

Traditional goal setting requires top managers to set goals that are carried out by the organizational levels below.