Exam 9: Strategic Planning: Strategies, Tactics, and Competitive Dynamics

The last step in the strategic management process is ________.

Managers only perform environmental analysis to help them understand what is happening outside their organization.

________ is the purpose for which - and the reason why - an organization exists.

The level of an organization's external environment that contains components having broad long-term implications for managing the organization is the ________.

Strategic implementation is the last step of the strategic management process.

Pasta Central,a fast-food chain,has realized that if it wants to beat its leading competitor and improve market share,it must improve its productivity.Which of the following strategies is most likely to help Pasta Central to achieve this objective?

The general environment of an organization's external environment contains international,labor,customer,competitor,and supplier components.

Axis Cars is an automobile company based out of Delaware.They need to follow an organizational strategy to regain the market share they recently lost to Toyota.Which of the following strategies will accomplish this objective?

Which of the following components includes new approaches to producing goods and services?

________ is a strategy adopted to eliminate an SBU that is not generating a satisfactory amount of business and that has little hope of doing so in the near future.

Which of the following is the ability to use information to determine whether a problem has arisen that is blocking implementation?

The GE Multifactor Portfolio Matrix was designed to be more complete than the BCG Growth-Share Matrix.

________ is the ability to create throughout the organization a network of people who can help solve implementation problems as they occur.

The first step of strategic management is designed to ________.

________ is a strategy that emphasizes making an organization more competitive by targeting a particular customer.

Mary has just formulated the annual budget for her department.She has outlined how the funds must be allocated and spent over the next one year.This would most likely be categorized as ________.

An SBU with a small market share of a high-growth market is a ________.

Which of the following strategy formulation tools outlines the primary forces that determine competitiveness within an industry and illustrates how those forces are related?

Tactical planning is long-range planning that emphasizes the current operations of various parts of the organization.

The Razzmatazz Group of companies plans to launch a new flavor of crackers that is distinct and unusual.Which of the following strategies is the company following to become more competitive?