Question 1

Briefly discuss Porter's three competitive strategies.

Accepted Answer

Porter identified three competitive stra...

Question 2

Compare and contrast the three levels of strategy in an organization.

Accepted Answer

There are three levels of strategy in an...

Question 3

To encourage employees to find ways to cut costs, and thus achieve their strategic goal of overall cost leadership, Delta Dreamforce introduced a pay-for-performance system. This is an example of which of the dimensions used for implementing strategy?

Accepted Answer

A)   Information and control systems
B)   Human resources
C)   Leadership
D)   Structural design
E)   SWOT.

Question 4

Differentiation, cost leadership, and focus are three of Porter's competitive strategies.

Accepted Answer

A) True 
 B)False

Question 5

Strategic management largely determines which organizations succeed and which ones struggle.

Accepted Answer

A) True 
 B)False  True

Question 6

____ refers to the modification of product design and advertising strategies to suit the specific needs of individual countries.

Accepted Answer

A)   Domestic strategy
B)   Global strategy
C)   Transnational strategy
D)   Multidomestic strategy
E)   Market design strategy

Question 7

Some people argue that ____ is the most difficult and most important part of strategic management.

Accepted Answer

A)   SWOT analysis
B)   strategic formation
C)   strategic implementation
D)   strategic analysis
E)   strategy evaluation

Question 8

The question What business are we in? concerns ____________________ strategy.

Accepted Answer

The answer of The question What business are we in?...

Question 9

Reward systems, pay incentives, budgets for allocating resources, information technology systems, and organization's rules, policies, and procedures are included in ____________________.

Accepted Answer

information and control systems

Question 10

Effective implementation is not a necessity if the strategies are truly creative.

Accepted Answer

A) True 
 B)False

Question 11

For successful execution, a strategy must be complex, with a broad plan that breaks the implementation process into a series of actions.

Accepted Answer

A) True 
 B)False

Question 12

According to the BCG Matrix, which of the following exists in a mature, slow-growth industry, but is a dominant business in the industry, with a large market share?

Accepted Answer

A)   Question mark
B)   Asterisk
C)   Dog
D)   Star
E)   Cash cow

Question 13

The dog, according to the BCG Matrix, is a poor performer.

Accepted Answer

A) True 
 B)False

Question 14

Threats are characteristics of the internal environment that may prevent the organization from achieving its strategic goals.

Accepted Answer

A) True 
 B)False

Question 15

With a(n) ____________________ strategy, the organization concentrates on a specific regional market or buyer group.

Accepted Answer

The answer of With a(n) ____________________ strategy, the organization concentrates...

Question 16

The BCG matrix organizes along which of the following dimensions?

Accepted Answer

A)   Market share and profit
B)   Sales and market share
C)   Business growth rate and market share
D)   Business growth rate and profit
E)   Sales and profits

Question 17

List the four components of a SWOT analysis.

Accepted Answer

A SWOT includes -- strengths, weaknesses, opportunities, and threats.

Question 18

Front-line mangers have the final responsibility for strategic planning.

Accepted Answer

A) True 
 B)False

Question 19

A firms' leadership is responsible for recruiting, selecting, training, transferring, promoting, and laying off employees.

Accepted Answer

A) True 
 B)False

Question 20

The question mark has a

Accepted Answer

A)   large market share in a rapidly growing industry.
B)   large market share in a slow growth industry.
C)   small market share in a rapidly growing industry.
D)   small share of a slow growth market.
E)   moderate market share in a slow growth industry.

Exam 7: Strategy Formulation and Implementation

Briefly discuss Porter's three competitive strategies.

Correct AnswerverifiedPorter identified three competitive stra...View AnswerShow Answer

Compare and contrast the three levels of strategy in an organization.

Correct AnswerverifiedThere are three levels of strategy in an...View AnswerShow Answer

To encourage employees to find ways to cut costs, and thus achieve their strategic goal of overall cost leadership, Delta Dreamforce introduced a pay-for-performance system. This is an example of which of the dimensions used for implementing strategy?

Correct AnswerverifiedShow Answer

Differentiation, cost leadership, and focus are three of Porter's competitive strategies.

Correct AnswerverifiedShow Answer

Strategic management largely determines which organizations succeed and which ones struggle.

Correct AnswerverifiedTrue

____ refers to the modification of product design and advertising strategies to suit the specific needs of individual countries.

Correct AnswerverifiedShow Answer

Some people argue that ____ is the most difficult and most important part of strategic management.

Correct AnswerverifiedShow Answer

The question What business are we in? concerns ____________________ strategy.

Correct AnswerverifiedShow Answer

Reward systems, pay incentives, budgets for allocating resources, information technology systems, and organization's rules, policies, and procedures are included in ____________________.

Correct Answerverifiedinformation and control systems

Effective implementation is not a necessity if the strategies are truly creative.

Correct AnswerverifiedShow Answer

For successful execution, a strategy must be complex, with a broad plan that breaks the implementation process into a series of actions.

Correct AnswerverifiedShow Answer

According to the BCG Matrix, which of the following exists in a mature, slow-growth industry, but is a dominant business in the industry, with a large market share?

Correct AnswerverifiedShow Answer

The dog, according to the BCG Matrix, is a poor performer.

Correct AnswerverifiedShow Answer

Threats are characteristics of the internal environment that may prevent the organization from achieving its strategic goals.

Correct AnswerverifiedShow Answer

With a(n) ____________________ strategy, the organization concentrates on a specific regional market or buyer group.

Correct AnswerverifiedShow Answer

The BCG matrix organizes along which of the following dimensions?

Correct AnswerverifiedShow Answer

List the four components of a SWOT analysis.

Correct AnswerverifiedA SWOT includes -- strengths, weaknesses, opportunities, and threats.

Front-line mangers have the final responsibility for strategic planning.

Correct AnswerverifiedShow Answer

A firms' leadership is responsible for recruiting, selecting, training, transferring, promoting, and laying off employees.

Correct AnswerverifiedShow Answer

The question mark has a

Correct AnswerverifiedShow Answer

Correct Answer
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Porter identified three competitive stra...
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There are three levels of strategy in an...
View Answer

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True

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information and control systems

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A SWOT includes -- strengths, weaknesses, opportunities, and threats.

Correct Answer
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