Major efforts to improve traditional organizational structures seek to _______ and
_______. One key emphasis in large organizations is to redefine the role of corporate
headquarters.
A. Reduce unnecessary control; focus on enhancing core competencies
B. Reduce costs; increase shareholder control
C. Reduce external shareholders; focus on enhancing core competencies
D. Redefine boundaries; open the organization more fully to outside influence
__________ is usually obtained from one or more of three sources: friendly sources,
informal venture investors or professional venture capitalists.
A. Debt financing
B. Resource financing
C. Equity financing
D. Loan financing
Who determines the basis on which a company can compete in the selected
product-market arena?
A. Functional-level strategic managers
B. Corporate-level strategic managers
C. Business-level strategic managers
D. Operational managers supervising operative
Marketing present products, often with only cosmetic modification, to customers in
related market areas describes:
A. Diversification
B. Concentrated growth
C. Product development
D. Market development
Often a power source, _________ is the type used when Jomar, a business unit
manager, gave Elisa, his subordinate, the option to have a flexible work schedule or to
work from home in return for her finishing several projects on-deadline.
A. Referent power
B. Reward power
C. Information power
D. Peer influence
Which of these represent a pollution prevention strategy in an organization?
A. Automation of manufacturing facility
B. Transforming business from manufacturing to service operations
C. Changing the materials used or redesigning how operations are bid out
D. Creating a pollution pit and putting all waste in it monthly
A(n) _____ provides a framework for managerial decisions. A. Vision
B. Organizational structure
C. Strategy
D. Long-term objective
The result of _______ is coordination, communication and decision-making functions
being accomplished quickly and easily, making traditional organizational structures
look slow, inefficient and noncompetitive.
A. Globalization
B. The Internet
C. The outsourcing of product design
D. The divisional organizational structure
Establishing objectives for minority training is an example of which type of long-term
objective?
A. Competitive position
B. Employee development
C. Social responsibility
D. Productivity
The company mission identifies the
A. Key competitors in the marketplace
B. Board of directors’ responsibility towards the owners
C. Specific strategies for gaining market share
D. Scope of its operations in product and market terms
Much behavior in firms is _______ based. A. competitively
B. organizationally
C. individually
D. community
One of the most profound social changes in recent years is:
A. The decreased population
B. An increasing number of women in the workforce
C. The heavy reliability of children in the workforce
D. Increased education of U.S. citizens
In the case of corporate social responsibility, costs and benefits are both ______ and
______.
A. Social; political
B. Ethical; discretionary
C. Economic; social
D. Political; ethical
The grand strategy in which the firm directs its resources to the profitable growth of a
single product, in a single market and with a single technology is termed:
A. Product development
B. Market development
C. Concentrated growth
D. Vertical integration
Strategic issues are ____ oriented.
A. future
B. present
C. past
D. timelessly
Common resource, skills and organizational requirements to support an “overall cost
leadership” generic strategy include all but:
A. Sustained access to capital
B. Subjective measurement and incentives instead of quantitative measures
C. Process engineering skills
D. Tight cost control
The most common approach in Quadrant III of the Grand Strategy Selection Matrix,
when the basic idea underlying the matrix is the choice of an internal or external
emphasis for growth or profitability is
A. Concentrated growth
B. Horizontal growth
C. Divestiture
D. Conglomerate diversification
The absence of rules in emerging industries presents both a _____ and a(n) _____
A. risk, opportunity
B. strength, weakness
C. problem, risk
D. strength, risk
Industries in which competition crosses national borders are called a(n) __________
industry.
A. Emerging
B. Growth
C. Global
D. Fragmented
In a ____ industry, competition occurs within each country.
A. technological
B. industrial
C. global
D. multidomestic
Opportunities to build value via diversification, integration or joint venture strategies
are usually NOT found in which of the following?
A. Market-related activities
B. Operations-related activities
C. Management activities
D. Non-value chain activities
The ideal ________ has strength in both creativity and management.
A. Administrator
B. Inventor
C. Promoter
D. Entrepreneur
Which of the following is a factor in the cost position that helps determine business
strength?
A. Delivery times
B. Manufacturing flexibility
C. Brand awareness
D. Economies of scale
Innovation inherently involves _______, so some failures should be tolerated and
chalked up to experience.
A. “Home runs”
B. Risk
C. “Turfness”
D. Multiple options
The use of preapproved online suppliers into production is a feature of which strategy?
A. Speed-based
B. Cost
C. Differentiation
D. Integration
Skills and resources that foster differentiation are:
A. Strong marketing skills
B. Sustained capital investment and access to capital
C. Minimal investment in product engineering and basic research
D. Products designed for ease of delivery
________ are a person’s basis for differentiating right from wrong.
A. Principles
B. Ethical standards
C. Morals
D. Laws
______ is eliminating the number of employees, particularly middle management, in a
company.
A. Scrutinizing
B. Self-management
C. Empowerment
D. Downsizing
Organizational requirements to support and sustain differentiation activities include
which of these?
A. Frequent, detailed control reports
B. Structured organization and responsibilities
C. Tradition of closeness to key customers
D. Incentives based on meeting strict, quantitative targets
The ______ principle points up a number of general obligations.
A. Fairness
B. Natural-duty
C. Distributive-justice
D. Liberty
Which of these is NOT a stage of industry evolution?
A. Decline
B. Growth
C. Merge
D. Introduction
_______ is those that rely on the same or similar capabilities to be successful and attain
competitive advantage in their respective product markets.
A. Leveraged businesses
B. Networked businesses
C. Related businesses
D. Unrelated businesses