Semway, a regional bank, recently announced that it would soon begin offering
financial planning services. This is an example of which of these?
a. Related diversification
b. Unrelated diversification
c. Cross-functional diversification
d. Product line diversification
e. Industry diversification
Silver Star Automobiles holds monthly planning and operational reviews to ensure that
it is on track for meeting organizational goals. This involves which stage of the
organizational planning process?
a. Developing the plan
b. Translating the plan
c. Plan operations
d. Executing the plan
e. Monitoring and learning
_____ is the lack of information about future events.
a. Uncertainty
b. Risk
c. Worry
d. Stress
e. Change resistance
_____ is the imposition of unpleasant outcomes on an employee.
a. Avoidance learning
b. Punishment
c. Positive reinforcement
d. Extinction
e. Avoiding punishment
One of the biggest benefits of planning is that, in turbulent environments, plans create
greater organizational flexibility.
a. True
b. False
Finding the right people to apply new information technology for e-business is a current
strategic issue of particular concern for HR managers.
a. True
b. False
Monitoring the Internet to maintain the company’s ethical climate and workplace
productivity could be considered part of an individualistic approach.
a. True
b. False
The adoption of a new idea or behavior by an organization is known as organizational
_____.
a. change.
b. development.
c. structure.
d. intervention.
e. responsibility.
The essence of formulating strategy is choosing how the organization will conform to
become like its key competitors in the industry.
a. True
b. False
Effective leaders develop networks of allies; people who can help the leader accomplish
his or her goals.
a. True
b. False
_____ refers to innovations in products, services, or processes that radically change an
industry’s rules of the game for producers and consumers.
a. Restructuring innovation
b. Trickle up innovation
c. Productive innovation
d. Disruptive innovation
e. Reverse innovation
The innovation strategy for changing products and technologies that involves designing
the organization to encourage creativity and the initiation of new ideas is known as
_____ .
List the three most common types of employment tests that organizations may use to
select employees.
In order for companies to remain competitive, their strategies must focus on three
things. Describe these three focuses.
The tendency to place the primary responsibility for one’s success or failure either
within oneself (internally) or on outside forces (externally) is called the ______.
Explain the concept of a stakeholder and list five common stakeholders.
_____ are the most basic human physical needs, including food, water, and oxygen.
An individual’s ______ is the set of characteristics that underlie a relatively stable
pattern of behavior in response to ideas, objects, or people in the environment.
Compare and contrast the three levels of strategy in an organization.
Power that results from the authority to reward others is called _____.