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96.
According to the text, the time horizon of a strategic plan will vary according to
97.
Which of the following is a disadvantage of top-down planning?
98.
Which of the following is a disadvantage of bottom-up planning?
99.
The planning method that appears to be becoming more popular is
100.
In the traditional strategic planning approach
101.
In the new strategic planning process
102.
The new directions in planning
103.
The strategic management approach to planning
104.
According to the text, changes in the way corporate planning is done include
105.
In planning, there has recently been a decided move among many firms
Fill in the Blank Questions
106.
Identifying and assessing changes in internal and environmental forces by building ______
of possible futures is a key part of companies' strategic planning processes.
107.
________ is a plan that guides the way firms make fundamental choices about developing
and deploying scarce resources internationally, including what products or services to
offer, which markets to enter, and ways to compete.
108.
________________ is the ability of a company to achieve and maintain a unique and
valuable competitive position both within a nation and globally, generating higher rates of
profit than its competitors.
109.
________________ help ensure that decision makers have a common understanding of the
business, the strategy, the assumptions behind the strategy, the external business
environment pressures, and their own direction.
110.
Bain & Company's "Management Tools and Trends" survey has consistently reported that
________________ continues to be among the most commonly used management tool
among global executives, and it is the tool with one of the highest reported levels of
satisfaction.
111.
________________ is the process by which an organization determines where it is going in
the future, how it will get there, and how it will assess whether and to what extent it has
achieved its goals.
112.
The ultimate manager of strategic planning and strategy making is the firm's
________________________.
113.
The first step in the process of strategic planning is to analyze the company's ________
environment.
114.
What makes the activities in a worldwide corporation more complex than they are in a
purely domestic firm is the wide range of potential variation in the ________ forces external
to the firm.
115.
An ________________ process is useful for continuous gathering of information, but
managers also need to develop and implement appropriate responses to any changes in
key environmental forces such as competitors' actions and changes in government taxes
and regulations.
116.
A ________________ is a set of interlinked activities that adds value to the final product or
service.
117.
A ________________________ is an assessment conducted on the chain of interlinked
activities of an organization or set of interconnected organizations, intended to determine
where and to what extent value is added to the final product or service.
118.
The practices that organizations and their managers use for identifying, creating,
acquiring, developing, dispersing, and exploiting competitively valuable knowledge is
known as _______________.
119.
Knowledge that an individual has but that is difficult to express clearly in words, pictures,
or formulas and is therefore difficult to transmit to others is known as ________
knowledge.
120.
Knowledge that is easy to communicate to others via words, pictures, formulas, or other
means is known as ________ knowledge.
121.
Cultural practices that affect business, such as relationships in the procurement process,
are not a part of any manual, nor can they be described in a series of action steps. They
therefore represent an example of ________ knowledge.
122.
A broad statement that defines the purpose for a company's existence, including its
business, objectives, and approach for reaching those objectives is known as a ________
statement.
123.
A description of the company's desired future position, of what it hopes to accomplish if it
can acquire the necessary competencies and successfully implement its strategy is known
as a ________ statement.
124.
A ________ statement is intended to be a clear, concise description of the fundamental
values, beliefs, and priorities expected of the organization's members, reflecting how they
are to behave with each other and with the company's customers, suppliers, and other
members of the global community.
125.
________ direct the firm's course of action, maintain it within the boundaries of the stated
mission and vision, and ensure its continuing existence.
126.
Action plans to enable organizations to reach their objectives are known as
________________.
127.
When developing and assessing strategic alternatives, it is important to remember that
companies competing in international markets confront two opposing forces: reduction of
________ and adaptation to ________________.
128.
Companies pursuing a ________________ strategy typically centralize product development
functions in their home country and then transfer innovations to foreign markets in order
to capture additional value.
129.
When the company faces relatively weak pressures for local responsiveness and cost
reductions, a ________________ strategy is usually most appropriate.
130.
A ________________ tends to be used when a company simultaneously confronts pressures
for cost-effectiveness and local adaptation.
131.
A ________________ tends to be used when a company faces strong pressures for reducing
costs and limited pressure to adapt products for local markets.
132.
A ________________ tends to be used when a company simultaneously confronts pressures
for cost-effectiveness and local adaptation.
133.
According to the text, there may be a "threshold of ________" beyond which a
multinational's performance declines, at least until the firm can develop competencies
necessary for more globally dispersed operations.
134.
One result of recent research on strategies of international companies is the suggestion
that we think about applying international strategy on a __________ basis, rather than
solely either globally or nation by nation.
