White knight is a term that refers to a firm that agrees to acquire another firm when the
other firm is facing a hostile takeover by some company.
A differentiation strategy can be especially attractive when the industry has many
different niches and segments, thereby allowing a focuser to pick a competitively
attractive niche suited to its own resources.
The availability, depth, and reliability of economic and marketing information in
different countries vary extensively.
A clear mission statement describes the values and priorities of an organization.
Annual objectives are long-term milestones that organizations must achieve to reach
short-term objectives.
There are annually more than 10,000 mergers in the United States that total more than
A) $700 billion.
B) $825 billion.
C) $975 billion.
D) $1 trillion.
E) $3 trillion.
In an industry that is, or is rapidly becoming global, the riskiest possible posture is to
A) become a global competitor.
B) remain a domestic competitor.
C) remain a global competitor.
D) expand beyond the role of domestic competitor.
E) none of the above
All of the following are mentioned as places where vision and mission statements can
often be found EXCEPT
A) SEC reports
B) annual reports
C) customer service agreements
D) supplier agreements
E) business plans
A change strategy that attempts to convince people that the change is to their personal
advantage is
A) defusion.
B) force.
C) educative.
D) rational.
E) compromise.
Responsibility for encouraging ethical decision making and ensuring ethical behavior in
a firm lies with
A) only a firm’s strategists.
B) only a firm’s managers.
C) only a firm’s shareholders.
D) both a firm’s strategists and its managers.
E) neither a firm’s strategists nor its managers.
Which statement best describes intuition?
A) It represents the marginal factor in decision-making.
B) It represents a minor factor in decision-making integrated with analysis.
C) It should be coupled with analysis in decision-making.
D) It is better than analysis in decision-making.
E) It is management by ignorance.
More and more firms believe that ethics training and an ethics culture
A) are socially irresponsible.
B) are admirable but damage a firm’s competitive positioning.
C) are costly and provide no practical benefit to the company.
D) create strategic advantage.
E) can tarnish the reputation of a firm.
What is the range for a firm’s total weighted score in an External Factor Evaluation
Matrix?
A) 0 to 5
B) 0 to 4
C) 1 to 5
D) 1 to 4
E) 0 to 10
Many economists say the current rash of trade constraints will make it ________ for
global economic growth to recover from the global recession.
A) easier
B) impossible
C) harder
D) more likely
E) less difficult
Which of the following is a corrective action a company might take to correct
unfavorable variances?
A) Divesting a division
B) Revising objectives
C) Raising capital with stock or debt
D) Allocating resources differently
E) All of the above
What are the five steps required for effective product positioning? Give an example of a
product-positioning matrix for an organization of your choice.
Within an organization, who is responsible for providing ethics leadership?
Define and give examples of the two diversification strategies.
Explain the resource-based view and its relation to strategic management.
Describe each of the activities that comprise strategy evaluation.
What are the three commonly used strategies or approaches for implementing changes
in an organization? Give an advantage and/or disadvantage for each type of approach.