88.
A(n) _____ is best described as the strategic option that top managers decide most closely
matches the current reality and which is then executed.
89.
Strategic flexibility is achieved when managers
90.
The critics of top-down strategic planning and scenario planning argue that
91.
Strategic thinking is different from strategic planning in that
92.
An intended strategy is best described as
93.
After carefully assessing the market potential for hybrid motorcycles, it was decided at the
corporate headquarters of HyCycles Inc. that the company would be launching a hybrid
version of all its motorcycle models within the next two years. This would mean that each
strategic business unit under the company would be involving in its own research and
development efforts. Which of the following strategies in the planned emergence model
does this best illustrate?
94.
When parts of a firm’s intended strategy fall by the wayside due to unpredictable events, it
turns into a(n) _____ strategy.
95.
Unrealized strategy is when parts of a firm’s intended strategy is
96.
Molly Hue Apparels Inc. (MHA) had been outsourcing its production to less-developed
countries in order to reduce its cost of production. With the emergence of its competitor,
Hova Inc., MHA lost its competitive advantage. Hova had its production units in its home
country that allowed the company to bring out the latest trends to the market earlier than
MHA. Also, MHA frequently suffered due to political instability and lack of intellectual
property laws in the outsourced countries. Thus, parts of MHA’s strategies became
obsolete and it had to relocate its production. What are such obsolete strategies referred
to as in the planned emergence model?
97.
Any unplanned strategic initiative undertaken by mid-level employees of their own volition
is a(n)
98.
Unplanned strategic initiatives taken by the _____ within an organization will be referred to
as an emergent strategy.
99.
The production head at the canned juice unit of True Candy Inc. would frequently stay
back after office hours and experiment with new organic hard candy flavors even though
this was part of the new product development team’s job. As a result of these
experiments, he came up with two new flavors of organic hard candy, raspberry-apricot
and strawberry-apple. After rigorous test marketing, which proved that the market would
accept the new candy, the product variants were successfully launched. Which of the
following strategies does this scenario best illustrate?
100.
A _____ is best described as any activity a firm pursues to explore and develop new
products and processes, new markets, or new ventures.
101.
Which of the following statements is true of strategic initiatives?
102.
Teddiez Inc. is a company that manufactures and sells stuffed toys. It sources its
materials from another country to keep costs low. A sales personnel in one of its retail
stores noticed that there was increasing concern regarding the potential toxicity of the
materials in the dolls. In response, she found an economical, organic, and nontoxic cloth
filling that the company could use. When her manager learned about this, he presented
the prospect and got it approved from the top management team. This is an example of
the
103.
To support the rise of emergent strategies, an organization should
104.
Which of the following reasons justifies the view that functional managers should be
allowed to initiate strategic initiatives based on autonomous actions?
105.
In Strategy Highlight 2.2, what type of strategy did Diana, the Starbucks store manager in
southern California, use to develop the new iced beverage for her store?
106.
Understanding the Resource Allocation Process (RAP) will have large effects on shaping a
firm’s realized strategy. Which of the following is an example of such an allocation of
resources?
107.
_____ is best described as a strategy process in which organizational structure and
systems allow bottom-up strategic initiatives to emerge and be evaluated and coordinated
by top management.
108.
A company uses the planned emergence approach in the development of its strategies.
Which of the following is an implication of this?
109.
Top-down strategic planning as an approach to the strategic management process will be
most effective when the
110.
Lower-level employees focus mainly on _____ when a firm is using top-down or scenario
planning as an approach to the strategic management process.