Which of these is NOT a principle of successful collaborative social initiatives?
A. Eliminate government influence
B. Leverage core capabilities: contribute ” “what we do”
C. Identify a long-term durable mission
D. Contribute specialized services to a large scale undertaking
Which of the following is NOT a competitive strategy for firms in foreign markets?
A. Licensing
B. Vertical integration
C. Franchising
D. Joint venture
Which type of business involves differentiated products with low brand loyalty, easily
replicated technology and minimal scale economies?
A. Fragmented businesses
B. Specialization businesses
C. Volume businesses
D. Stalemate businesses
Leaders galvanize commitment to embrace change through __________, building an
organization, and shaping organizational culture.
A. by strategic planning
B. developing a mission
C. developing a Vision
D. clarifying strategic intent
Which of these is NOT a newest trend in mission components?
A. Concern for suppliers and distributors
B. Sensitivity to customer wants
C. Concern for quality
D. Statements of company vision
If a textile producer acquires a shirt manufacturer, this is called:
A. Vertical horizontal acquisition
B. Backward horizontal acquisition
C. Backward vertical acquisition
D. Forward vertical acquisition
Managers who subscribe to the ______ approach judge whether decisions and actions
are in keeping with the maintenance of fundamental individual and group rights and
privileges.
A. Utilitarian
B. Social justice
C. Economic man
D. Moral rights
In the BCG matrix, which of these businesses often generate cash in excess of their
needs?
A. Stars
B. Question marks
C. Cash cows
D. Dogs
________ refers to simple changes or adjustments in existing products, services or
processes.
A. Continuous innovation
B. Incremental innovation
C. Process innovation
D. Continuous improvement
______ countries maintain their stability by restricting the flow of money, goods,
services, people, and information across their borders.
A. Open
B. Closed
C. Most
D. Few
______ is having an outside company manage numerous routine business management
activities usually done by employees of the company.
A. Business process outsourcing
B. Business process reengineering
C. Digitizing
D. Differentiation
Firms ____ address the question of their public image in an intermittent fashion.
A. seldom
B. always
C. frequently
D. unanimously
Which of the following is usually true about a firm’s value chain?
A. Scrutinizing a firm’s value chain may bring attention to several sources of
differentiation advantage relative to competitors
B. Scrutinizing a firm’s value chain does not usually reveal cost advantages or
disadvantages
C. Scrutinizing the firm’s value chain can minimize the activities that are critical to
buyer satisfaction
D. Analysis of the firm’s value chain can lead a firm to limit its market success
How many cells are in the industry attractiveness-business strength matrix?
A. 4
B. 9
C. 12
D. 16
Engendering trust through genuine awareness and openness to people from diverse
backgrounds is called ______.
A. Sympathy
B. Global mindset
C. Relationship
D. Sensitivity
_______ communicate guidelines to decisions.
A. Policies
B. Action plans
C. Functional tactics
D. Business strategy objectives
Delegation ________ in response to varied competitive environments.
A. Slows decision making
B. Is a form out outsourcing
C. Increases the management levels necessary
D. Expedites decision making
The __________ that take place usually involve a full-scale reassessment of the
strategy and of the advisability of continuing or refocusing the firm’s direction.
A. Abandonment reviews
B. Milestone reviews
C. Strategic thrusts
D. Strategic implementation
When a strategist uses the firm’s historical experience as a basis for evaluating internal
factors, he or she is performing a:
A. Comparison with key competitors
B. Comparison with success factors in the industry
C. Comparison with past performance
D. Comparison with industry benchmarks
Acquiring or entering businesses unrelated to a firm’s current technologies, markets or
products is referred to as
A. Conglomerate diversification
B. Horizontal integration
C. Retrenchment
D. Vertical integration
Rivalry is ____ when a business successfully differentiates itself.
A. increased
B. reduced
C. strengthened
D. confronted
The strategic logic of patching is to:
A. Pursue more resources
B. Leverage resources
C. Establish a defensible position
D. Pursue opportunities
If a firm plans to acquire a business because it represents the most promising
investment opportunity available, the grand strategy is:
A. Conglomerate diversification
B. Joint venture
C. Concentric diversification
D. Liquidation
______ type of innovations support a cost leadership strategy. A. disruptive
B. process
C. Product
D. breakthrough
Participation in distribution of profits and election of board of directors are claims of
which of these stakeholders vis-à-vis the firm?
A. Stockholders
B. Customers
C. Suppliers
D. Government
Using a time of relative stability to remove organizational roadblocks to the desired
culture is one broad theme in attempting to:
A. Manage around culture
B. Maximize synergy
C. Link to mission
D. Reformulate the strategy or culture
Ethics refers to
A. Economic principles
B. Moral principles C. Legal principles
D. Political principles
Grand strategies provide a comprehensive general approach to guide the organization’s:
A. Major actions designed to accomplish long-term objectives
B. Major actions designed to accomplish short-term objectives
C. Operational actions designed to accomplish short-term objectives
D. Operational actions designed to accomplish intermediate term objectives
There are ____ commonly identified modes based upon formality in strategic
management.
A. 4
B. 2
C. 5
D. 3
If the executive quits is fired or simply retires, he would be best protected by a
_________, which is designed to retain talented executives.
A. Golden handcuff
B. Golden parachute
C. Cash based plan
D. Stock option
Which of these is a social challenge that will demand attention for years to come?
A. Competitive environment
B. Police brutality
C. Corporate profitability
D. Substandard education
_______ exist between operations and management and levels of management.
A. External interface boundaries
B. Horizontal boundaries
C. Geographic boundaries
D. Vertical boundaries
Which of these represent the second level in the evolution of a global corporation?
A. Foreign licensing
B. Direct investment
C. Export-import
D. Bartering