_______ are truly Internet-driven organizations designed to deliver speedy, customized,
service-enhanced products to savvy customers from an integrated, boundary less
organization, pulling together abundant, world-class resources digitally.
A. B-Web structures
B. Digitized structures
C. Internet structures
D. Virtual structures
Supplier power is an example of a factor that falls within the _________ environment.
A. Economic
B. Operating
C. Industry
D. Remote
Direct penetration of foreign markets makes sense as a competitive weapon because a
firm can drain vital ____ from a foreign competitor’s domestic operations.
A. cash flows
B. export sales
C. dividends
D. debt
From the standpoint of strategy formulation, the essential characteristics of an emerging
industry is that
A. There are no “rules of the game”
B. It is highly regulated industry
C. The industry lifecycle essentially jumps from introduction directly to decline
D. There are way too many entry barriers
Encompassed in political considerations is/are:
A. Social values
B. Disposable income
C. Anti-trust laws
D. Age distribution
________ is the current foundation of corporate portfoliosthey sustain corporate
overhead, dividends and provide debt capacity.
A. Cash cows
B. Dogs
C. Stars
D. Question marks
Assets purchased at preinflation prices is an example of:
A. Product differentiation
B. Cost disadvantages independent of size
C. Capital requirements
D. Distribution
Under changing conditions, concentrated growth is characterized as:
A. Higher risk
B. Lower risk
C. Decreasing resource needs
D. Lowering revenues
Firms at what strategy level are called multinational corporations (MNCs)? A. First
B. Second
C. Third
D. Fourth
Very large firms typically use the _____ mode of strategic management.
A. Adaptive
B. Entrepreneurial
C. Informal
D. Planning
Which of the following is NOT a fundamental criterion for a long-term objective?
A. Acceptable
B. Sustainable
C. Measurable
D. Suitable
Which of the following types of strategic control has a low degree of focusing?
A. Special alert control
B. Implementation control
C. Strategic surveillance
D. Premise control
In recent times, as companies go global, standardization is steadily being replaced by
_____.
A. globalization
B. customization
C. democratization
D. vulcanization
Repatriation of profits to home country represents which orientation of a global firm?
A. Ethnocentric
B. Regiocentric
C. Geocentric
D. Polycentric
For the ABC Company, the Theta business is in a low market share position in a slow
growing market. As per the BCG matrix, Theta is a
A. Cash cow
B. Question mark
C. Dog
D. Star
Short-term objectives __________ long-term objectives.
A. Limit the effectiveness of
B. Operationalize
C. Decrease the need for
D. Justify
Characteristically, the company mission is a statement of all of these EXCEPT
A. Attitudes
B. Outlooks
C. Measurable targets
D. Orientation
_____ vary little from one firm to another.
A. Philosophies
B. Mission statements
C. Goals
D. Vision statements
Global personnel development and placement occurs in which orientation of a global
firm?
A. Ethnocentric
B. Regiocentric
C. Geocentric
D. Polycentric
A _____ technology is distinct from a “disruptive” technology.
A. CCC21
B. breakthrough
C. core
D. sustaining
In general, ____ seek stock value maximization.
A. Employees
B. Hired-hand managers
C. Owners
D. Suppliers and distributors
As an industry becomes increasingly global, a firm must begin to coordinate an
increasing number of _____ activities to effectively compete across countries. A.
functional
B. strategic
C. contractual
D. public
When companies lack a necessary component for success in a particular environment,
they may participate in types of joint ventures which include:
A. Leasing
B. Strategic alliance
C. Joint ownership
D. Divestiture
_______ are usually accompanied by subsequent action plans.
A. Action ideas
B. Long-term objectives
C. Short-term objectives
D. Policies
MNCs are involved mainly in which of the following strategies?
A. Direct overseas investment
B. Capital repatriation
C. Joint research
D. Host financial policies
One benefit of short-term objectives and action plans is its _________, which clarify
personal and group roles in a firm’s strategies and help realistically challenge managers
to perform well. These objectives are particularly effective when linked to the firm’s
reward structure.
A. Motivational payoff
B. Structured clarity
C. Compensation structure
D. Complicated nature
_____________ is the process and practice by key executives of guiding and
shepherding people in an organization toward a vision over time and developing that
organization’s future leadership and organizational culture.
A. Organizational structure
B. Organizational strategy
C. Organizational leadership
D. Cultural context
Which of the following is NOT a primary method of innovation?
A. Competitive innovation
B. Process innovation
C. Service innovation
D. Product innovation
Among the factors that make for the creation of a global industry are all of these
EXCEPT
A. Economies of scale
B. The presence of heterogeneous product needs across markets
C. A low level of trade regulation
D. A high level of R & D expenditures on products
________ are ten characteristics identified by Dr. Gordon Pinchot and elaborated on by
others that need to be present in large companies seeking to encourage and increase
innovation.
A. Intrapreneurship freedom factors
B. Cash-based freedom factors
C. “Slack” factors
D. The entrepreneurship factors
Typical risks facing the firm that follow a concentrated growth strategy include:
A. Riskier in stable conditions
B. Extra funds required
C. Faltering markets
D. Defining a broad market correctly
Functional managers are typically responsible for which of the following?
A. Annual objectives
B. Tactics
C. Corporate goals
D. Mission
As per the BCG matrix, which of these businesses should be divested or liquidated?
A. Cash cows
B. Guzzlers
C. Dogs
D. Stars
As the industry becomes increasingly _____, a firm must begin to coordinate an
increasing number of functional activities to effectively compete across country A.
multidomestic
B. global
C. competitive
D. big