Question 1

Christopher's Restaurant and Catering serves delicious vegetarian and vegan dishes.So when the local community became interested in eating a healthier diet,Christopher's benefited.The changing community attitudes are an example of a(n) _____ for Christopher's.

Accepted Answer

A)  strength
B)  threat
C)  weakness
D)  opportunity
E)  intelligenceF) A) and B)
G) B) and D)

Question 2

Over the course of 40 years,Sal grew his company to six package shipping stores.With his retirement approaching and the increased competition,he decided to reduce the number of locations to two.Sal's reduction of effort represents a _____.

Accepted Answer

A)  merger approach
B)  fixed plan
C)  defensive strategy
D)  growth strategy
E)  stability strategyF) B) and E)
G) C) and D)

Question 3

Michael Porter proposed that business-level strategies originate with the primary competitive forces in the firm's environment;these forces are _____.

Accepted Answer

A)  threats of new entrants and bargaining power of buyers and suppliers
B)  threats of substitute products and services and competitive rivalries
C)  threats of new entrants and substitute products or services,bargaining power of suppliers and buyers,and competitive rivalries
D)  threats of government paperwork and tax increases,bargaining power of suppliers,and competitive rivalries
E)  bargaining power of suppliersF) A) and C)
G) A) and E)

Question 4

Instructor Services is a technology company that offers many IT services in highly populated southern Ohio.Services and products include computer training,support,monitoring,repair,network design,virus removal,and software upgrades.It even sells refurbished computers.The source of Instructor Services' strategic position is _____.

Accepted Answer

A)  low-profit margin and many customers
B)  broad needs and few customers
C)  broad needs and many customers
D)  high-profit margin and many customers
E)  high-profit margin and few customersF) A) and E)
G) B) and C)

Question 5

Contingency planning is also known as _____.

Accepted Answer

A)  organizational opportunities
B)  scenario goal-setting and plans
C)  a trend analysis
D)  scenario planning and scenario analysis
E)  strategic planningF) A) and E)
G) None of the above

Question 6

The BCG matrix is a means of evaluating strategic business units on the basis of their _____.

Accepted Answer

A)  business costs and share of the market
B)  differentiation and profitability
C)  business growth rates and share of the market
D)  BCG ratio
E)  product quality and profitabilityF) A) and B)
G) B) and E)

Question 7

A SWOT analysis is _____.

Accepted Answer

A)  looking for the strengths,weaknesses,opportunities,and threats influencing an organization's competition
B)  a diversity and synergy method
C)  a search for the strengths,weaknesses,opportunities,and threats affecting an organization
D)  developing strategies,ways to improve,output methods,and threats influencing a company
E)  an inexpensive method of implementing a forecastF) A) and B)
G) A) and D)

Question 8

For over 20 years,ABC Manufacturing produced only one product,a car part for Moraine Assembly,the Moraine,Ohio,General Motors truck factory.So when GM closed the Moraine Assembly facility,ABC was an example of a vulnerable company.

Accepted Answer

A) True 
 B)False

Question 9

Successful controlling within an organization,according to Bossidy and Charan,demands that managers build a foundation of controlling using the three core processes of _____.

Accepted Answer

A)  leading,planning,and recruiting
B)  people,strategy,and operations
C)  diversity,people,and profitability
D)  people,planning,and leading
E)  leading,synergy,and diversityF) A) and D)
G) All of the above

Question 10

Don knows that one of the reasons people do not return to his electronics store is because of the slow service.This is an example of the organization's _____.

Accepted Answer

A)  strengths
B)  threats
C)  weaknesses
D)  opportunities
E)  intelligenceF) None of the above
G) B) and D)

Question 11

In general,the BCG matrix suggests that an organization will do better in fast-growing markets in which it has a high market share rather in slow-growing markets in which it has a low market share.

Accepted Answer

A) True 
 B)False

Question 12

In the BCG matrix,organizations that have slow growth but high market share,and income from them often finances stars and question marks,are ____.

Accepted Answer

A)  sleeping giants
B)  dogs
C)  cash cows
D)  turtles
E)  sleepersF) B) and E)
G) All of the above

Question 13

Contingency planning is a process by which a company compares its performance with that of high-performing organizations.

Accepted Answer

A) True 
 B)False

Question 14

More important than profit growth,stimulating innovation,customer loyalty,and finding qualified employees,global CEOs desire ____.

Accepted Answer

A)  an ethical workplace
B)  organization diversity
C)  increased usage of MBO
D)  happy employees
E)  excellence in executionF) C) and D)
G) A) and B)

Question 15

Mona,the CEO of an auto dealership,told her managers that "based on the high sales for this year,the forecast for next year looks very good." So after completing their budget for the upcoming year,based on the forecast that predicts continued strong sales,Mona and her managers are developing a plan in case sales drop unexpectedly.This type of planning is known as contingency planning.

Accepted Answer

A) True 
 B)False

Question 16

A forecast is a vision or projection of the future.

Accepted Answer

A) True 
 B)False

Question 17

Regarding the results of a SWOT analysis,organizational opportunities are ____.

Accepted Answer

A)  environmental factors that the organization may exploit for a competitive advantage
B)  weaknesses within the organizational hierarchy
C)  MBO skills and opportunities that should be emphasized
D)  skills and capabilities that give an industry advantages in executing its strategies
E)  problems that a specific industry needs to correctF) A) and B)
G) B) and D)

Question 18

A trend analysis is a hypothetical extension of a past series of events into the future.

Accepted Answer

A) True 
 B)False

Question 19

A growth strategy involves the increase in employee knowledge.

Accepted Answer

A) True 
 B)False

Question 20

According to the BCG matrix,organizations that have high growth and high market share are stars and should be kept.

Accepted Answer

A) True 
 B)False

Exam 6: Strategic Management: How Exceptional Managers Realize a Grand Design

For over 20 years,ABC Manufacturing produced only one product,a car part for Moraine Assembly,the Moraine,Ohio,General Motors truck factory.So when GM closed the Moraine Assembly facility,ABC was an example of a vulnerable company.

Correct Answer
verified

A trend analysis is a hypothetical extension of a past series of events into the future.

Correct Answer
verified

In the BCG matrix,organizations that have slow growth but high market share,and income from them often finances stars and question marks,are ____.

Correct Answer
verified

A growth strategy involves the increase in employee knowledge.

Correct Answer
verified

Contingency planning is also known as _____.

Correct Answer
verified

According to the BCG matrix,organizations that have high growth and high market share are stars and should be kept.

Correct Answer
verified

More important than profit growth,stimulating innovation,customer loyalty,and finding qualified employees,global CEOs desire ____.

Correct Answer
verified

Don knows that one of the reasons people do not return to his electronics store is because of the slow service.This is an example of the organization's _____.

Correct Answer
verified

A SWOT analysis is _____.

Correct Answer
verified

A forecast is a vision or projection of the future.

Correct Answer
verified

Regarding the results of a SWOT analysis,organizational opportunities are ____.

Correct Answer
verified

Over the course of 40 years,Sal grew his company to six package shipping stores.With his retirement approaching and the increased competition,he decided to reduce the number of locations to two.Sal's reduction of effort represents a _____.

Correct Answer
verified

The BCG matrix is a means of evaluating strategic business units on the basis of their _____.

Correct Answer
verified

Contingency planning is a process by which a company compares its performance with that of high-performing organizations.

Correct Answer
verified

Michael Porter proposed that business-level strategies originate with the primary competitive forces in the firm's environment;these forces are _____.

Correct Answer
verified

Christopher's Restaurant and Catering serves delicious vegetarian and vegan dishes.So when the local community became interested in eating a healthier diet,Christopher's benefited.The changing community attitudes are an example of a(n) _____ for Christopher's.

Correct Answer
verified

In general,the BCG matrix suggests that an organization will do better in fast-growing markets in which it has a high market share rather in slow-growing markets in which it has a low market share.

Correct Answer
verified

Correct Answer
verified

Successful controlling within an organization,according to Bossidy and Charan,demands that managers build a foundation of controlling using the three core processes of _____.

Correct Answer
verified

Correct Answer
verified

Exam 6: Strategic Management: How Exceptional Managers Realize a Grand Design

For over 20 years,ABC Manufacturing produced only one product,a car part for Moraine Assembly,the Moraine,Ohio,General Motors truck factory.So when GM closed the Moraine Assembly facility,ABC was an example of a vulnerable company.

Correct AnswerverifiedShow Answer

A trend analysis is a hypothetical extension of a past series of events into the future.

Correct AnswerverifiedShow Answer

In the BCG matrix,organizations that have slow growth but high market share,and income from them often finances stars and question marks,are ____.

Correct AnswerverifiedShow Answer

A growth strategy involves the increase in employee knowledge.

Correct AnswerverifiedShow Answer

Contingency planning is also known as _____.

Correct AnswerverifiedShow Answer

According to the BCG matrix,organizations that have high growth and high market share are stars and should be kept.

Correct AnswerverifiedShow Answer

More important than profit growth,stimulating innovation,customer loyalty,and finding qualified employees,global CEOs desire ____.

Correct AnswerverifiedShow Answer

Don knows that one of the reasons people do not return to his electronics store is because of the slow service.This is an example of the organization's _____.

Correct AnswerverifiedShow Answer

A SWOT analysis is _____.

Correct AnswerverifiedShow Answer

A forecast is a vision or projection of the future.

Correct AnswerverifiedShow Answer

Regarding the results of a SWOT analysis,organizational opportunities are ____.

Correct AnswerverifiedShow Answer

Over the course of 40 years,Sal grew his company to six package shipping stores.With his retirement approaching and the increased competition,he decided to reduce the number of locations to two.Sal's reduction of effort represents a _____.

Correct AnswerverifiedShow Answer

The BCG matrix is a means of evaluating strategic business units on the basis of their _____.

Correct AnswerverifiedShow Answer

Contingency planning is a process by which a company compares its performance with that of high-performing organizations.

Correct AnswerverifiedShow Answer

Michael Porter proposed that business-level strategies originate with the primary competitive forces in the firm's environment;these forces are _____.

Correct AnswerverifiedShow Answer

Christopher's Restaurant and Catering serves delicious vegetarian and vegan dishes.So when the local community became interested in eating a healthier diet,Christopher's benefited.The changing community attitudes are an example of a(n) _____ for Christopher's.

Correct AnswerverifiedShow Answer

In general,the BCG matrix suggests that an organization will do better in fast-growing markets in which it has a high market share rather in slow-growing markets in which it has a low market share.

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

Successful controlling within an organization,according to Bossidy and Charan,demands that managers build a foundation of controlling using the three core processes of _____.

Correct AnswerverifiedShow Answer

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

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verified

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verified

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verified

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verified

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