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

Lobbying efforts by interest groups and progress on the passage of laws are examples of the ________ component of the general environment.

GenEx Group manufactures a variety of products for different markets.One of its SBUs,GenEx Textiles,is one of its leading revenue generators.GenEx Textiles is the leading player in the market for textiles.However,the parent company has realized that growth prospects in the textile industry is limited.The company has already exploited the market to the fullest and sustained growth in the future is unlikely.In fact,a substantial amount of the revenue generated from this textile business is used to fund other SBUs of the parent company.GenEx Textiles is an example of a ________ for the GenEx Group.

An SBU of FlexiTech Inc.manufactures CD drives.Although it has a large share in the market and the product makes significant profits for the company,market growth potential is limited.Under which quadrant of the BCG Growth-Share Matrix does the CD manufacturing unit fall?

Porter's model emphasizes ________.

Which of the following strategy formulation tools was specifically developed to expand on the BCG Growth-Share Matrix?

The legal component of the general environment is related to government affairs.

________ is a strategy adopted by management to increase the amount of business that an SBU is currently generating.

The answer to which of the following critical questions indicates whether the organization is progressing satisfactorily or not?

The Forrester Group of companies has many products,including a fertilizer manufacturing unit.While this unit has never been a source of high revenues in the past,the SBU has increasingly become an area of concern.For the last few years,this SBU has not generated enough business for the Forrester Group and the parent company does not see things changing in the future without substantial investment.In a market with low growth potential,its already low market share has declined further.Which of the following strategies is the Forrester Group likely to choose for this SBU?

According to the GE Multifactor Portfolio Matrix,businesses falling in cells that form a diagonal from lower left to upper right are the strongest and the ones the company should invest in and help to grow.

When an organization focuses on making itself more competitive by producing products more cheaply than competitors can,it is following a ________.

The relative degrees of worth that society places on the way in which it exists and functions are ________.

Which of the following is true about social values?

Because strategic planning focuses on the long term and tactical planning on the short term,strategic plans cover a relatively long period of time whereas tactical plans cover a relatively short period of time.

A management guideline that advises managers to commit funds for planning only if in the foreseeable future they can anticipate a return on planning expenses as a result of the long-range planning analysis is termed ________.

Which business strategy is generally applied to cash cows?

Which of the following statements accurately reflects the relationship between the mission and the objectives?

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

Strategy is the end result of strategic planning.

An SBU with a large market share of a low-growth market is a ________.