Generally speaking, the most dramatic increase in revenue occurs in the _________ phase of the plc.
Answer
Correct Answer:
Growth
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With experience, unit costs of production decline as _________ increases in most industries.
Answer
Correct Answer:
Output
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The lowest level of diversification is the ____ level.
Answer
Correct Answer:
Single business
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Value marketing is the strategy of offering consumers ________.
Answer
Correct Answer:
High quality at a high price
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Emphasis on process design is high during the __________ stage of the industry life cycle.
Answer
Correct Answer:
Maturity
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An acquisition that results in ______________ indicates that expectations were not met.
Answer
Correct Answer:
Divestiture
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A key __________ of swot is that it is primarily a static assessment.
Answer
Correct Answer:
Weakness
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________ exemplifies the complexity of relationships among the functional areas of business.
Answer
Correct Answer:
Financial ratio analysis
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A firm's core strategy is its ____ strategy
Answer
Correct Answer:
Business
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A firm following a focus strategy must focus on _____________.
Answer
Correct Answer:
A market segment or group of segments
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A ________ marketplace supplies products and services of interest to particular industries.
Answer
Correct Answer:
Vertical
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_____ precisely indicates how much of a firm's sales is converted into profits.
Answer
Correct Answer:
Return on revenue
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In a successful _____, the trade-offs between differentiation and low cost are reconciled.
Answer
Correct Answer:
Integration strategy
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Through _____, a firm puts its guiding policy into practice by employing a set of coherent actions.
Answer
Correct Answer:
Strategy implementation
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Sustained competitive advantage is most achievable in a ____ market.
Answer
Correct Answer:
Slow-cycle
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The typical risks of a cost leadership strategy include___________.
Answer
Correct Answer:
Production and distribution processes becoming obsolete.
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Technology experts in the area of _____ specialize in technology for competitive advantage.
Answer
Correct Answer:
Strategy
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Managers use __________ for developing human capital.
Answer
Correct Answer:
The trickle-down approach ·
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The investor relations pages of a company website ________ information about a firm.
Answer
Correct Answer:
Is a good place to start to find
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A(n) _____ leverages new technologies to attack existing markets.
Answer
Correct Answer:
It involves leveraging existing technologies in new markets.
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Max depree suggested that a successful entrepreneur could be compared to ________.
Answer
Correct Answer:
Employee empowerment
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External governance control mechanisms include __________ and ________________.
Answer
Correct Answer:
Governmental regulatory bodies
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Advertising is a __________ activity. supply of replacement parts is a __________ activity.
Answer
Correct Answer:
Primary; primary
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Contemporary approaches to strategic control rely primarily on _______ learning.
Answer
Correct Answer:
Double-loop learning.
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The systems viewpoint sees organizations as entities made up of interrelated parts known as ____.
Answer
Correct Answer:
Systems, contingency, and quality management
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_____ denotes the dollar amount a consumer would attach to a good or service.
Answer
Correct Answer:
Value.
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Logistics, or physical distribution, is the ________________ part of the marketing mix.
Answer
Correct Answer:
Place
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Intensity of competition ________ in lower-return industries.
Answer
Correct Answer:
Is highest
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The primary means by which a firm can diversify are __________, _________, and ________.
Answer
Correct Answer:
Mergers and acquisitions; joint ventures and strategic alliances; internal development
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Strategic planning is important because ____________________.
Answer
Correct Answer:
Strategic plans help managers face uncertainty
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Effective strategic planning requires _____.
Answer
Correct Answer:
Creativity
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As direct competitors, ups and fedex would have ____.
Answer
Correct Answer:
A high degree of market commonality
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One of the best ways to guard against static evaluation is to use __________.
Answer
Correct Answer:
Polarization
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Managers who fail to plan may ________.
Answer
Correct Answer:
Be adversely affected by change
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A firm considers _____ to increase size and market power within the industry.
Answer
Correct Answer:
Horizontal mergers
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____ refers to unit cost increases associated with a large scale of output.
Answer
Correct Answer:
Diseconomies of scale
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Each employee will receive _____________ paycheck on thursday.
Answer
Correct Answer:
His or her
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Organizational values are morals or standards that guide the decisions of leadership.?
Answer
Correct Answer:
True
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Wicked Problems is a ?
Answer
Correct Answer:
Large, multifaceted problems.
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Describes what a company hopes to achieve in the long run is known as?
Answer
Correct Answer:
vision statement
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Values are enduring, passionate, and distinctive core beliefs.?
Answer
Correct Answer:
true
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SWOT analysis is an examination of strengths, weaknesses, opportunities, and threats?
Answer
Correct Answer:
true
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Sustainable Development is a?
Answer
Correct Answer:
Growth that ensures positive outcomes for both the current moment and into the future.
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A process or document that communicates an organization’s goals and maps out the actions needed to reach those goals is known as?
Answer
Correct Answer:
Strategic Plan
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Management that includes long-term planning, continuous reflection, and assessment of an organization’s progress toward meeting its goals is known as ?
Answer
Correct Answer:
Strategic management
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The difference between the strategic knowledge needed and what is available is known as ?
Answer
Correct Answer:
Strategic Knowledge Gaps
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Shareholders is an ?
Answer
Correct Answer:
Individuals with an interest in a company.
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The surplus left after a company pays for wages is known as?
Answer
Correct Answer:
profit
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Analytics that identify what should be done about what is likely to occur is known as ?
Answer
Correct Answer:
prescriptive analytics
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Prescriptive is referring to rules or a plan..
Answer
Correct Answer:
true
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Predictive modeling used to anticipate future trends.
Answer
Correct Answer:
true
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Predictive Analytics that identifies what is probably to occur.?
Answer
Correct Answer:
true
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Performance management is Creating, monitoring, and refining a _____to ensure that employees perform their best.?
Answer
Correct Answer:
workplace environment
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Organizational citizenship behavior is a complex phenomenon characterized by altruism, conscientiousness, sportsmanship, and courtesy.v?
Answer
Correct Answer:
true
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What an individual specifically wants to get done.?
Answer
Correct Answer:
objective
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Organizations that exist to accomplish a goal unrelated to making a profit are known as ?
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Three or four words that sums up an organization’s vision, mission, culture, or product is known as ?
Answer
Correct Answer:
mantra
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Long term financial objectives are Company wide financial goals that are meant to be______ over the course of several years.
Answer
Correct Answer:
accomplished
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A process, cycle, and discipline of knowledge acquisition, knowledge creation, knowledge-sharing, and knowledge application is known as ?
Answer
Correct Answer:
knowledge management
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Goals are not Broad accomplishments an individual hopes to achieve.?
Answer
Correct Answer:
false
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Analysis in industry by enabling users to break down its weaknesses and strengths is known as____?
Answer
Correct Answer:
five-force analysis
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Analyzing what one puts into the system and what comes out as a result is known as ?
Answer
Correct Answer:
Feedback Loop
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Fact-Based Management decisions based on research
Answer
Correct Answer:
true
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Environment scans Constant measurement and assessment of the work environment.
Answer
Correct Answer:
true
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_____whereby leaders aim to identify unexpected outcomes, analyze them, and apply what they have learned to future strategies?
Answer
Correct Answer:
emergent strategy
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Differentiation is not ensuring that a company is different from its competitors.
Answer
Correct Answer:
false
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Descriptive Analytics Includes a summary of historical data, providing information about what has happened.?
Answer
Correct Answer:
true
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Achieving the lowest cost of goods or services sold in the firm’s competitive industry or industry segment is known as___?
Answer
Correct Answer:
Cost Leadership
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Competitive Advantage is a condition that allows a company to maintain a more profitable position in the market than other companies.
Answer
Correct Answer:
true
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A strategy whereby leaders aim to create products or services that enjoy little competition,_____ because they meet a need that is not being met.
Answer
Correct Answer:
precisely
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The four types of organizational structures are functional, product, matrix, and ______.
Answer
Correct Answer:
geographic
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Organizational design is defined as a process of building and ______ an organization’s structure to reach certain goals.
Answer
Correct Answer:
adjusting
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Which of the following terms is used to describe the top management team members in an organization?
Answer
Correct Answer:
C-Suite
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In a matrix organization, functions are combined with which other element?
Answer
Correct Answer:
projects
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The ______ outlines task elements of different jobs.
Answer
Correct Answer:
Job Characteristics Theory
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Mintzberg described organizations in terms of the ______ of different organizational units.
Answer
Correct Answer:
functions
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Markus owns stock in the Triple B corporation. Markus is a ______.
Answer
Correct Answer:
shareholder
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Strategic planning starts by looking at an organization’s ______.
Answer
Correct Answer:
desired future
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Mark is looking to create a company that sells and distributes a product that meets a need that no other product or company can meet. This is known as ______.
Answer
Correct Answer:
Blue Ocean Strategy
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Long Shore company wants to achieve 10 million dollars in sales after six years in business. This is an example of their ______.
Answer
Correct Answer:
vision statement
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Walmart’s statement: “We save people money so they can live better,” is an example of their ______.
Answer
Correct Answer:
mission statement
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The statement “know how to perform three separate swimming strokes” as part of a swimming test for camp is an example of a(n) ______.
Answer
Correct Answer:
objective
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A SWOT analysis measures strengths, weaknesses, opportunities, and ______.
Answer
Correct Answer:
threats
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An organization’s core beliefs, or ______, guides their overall thinking and actions.
Answer
Correct Answer:
values
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“Achieving athletic excellence” could be an example of Nike’s ______.
Answer
Correct Answer:
mantra
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Once you have created an accountability plan, what is the next step in strategic planning?
Answer
Correct Answer:
implement and review the plan
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A local gas station wants to offer the cheapest cup of coffee out of all their competition. They are looking to be a ______ in the market.
Answer
Correct Answer:
cost leader
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All objectives should be SMART. The T in SMART stands for ______.
Answer
Correct Answer:
time bound
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What is one way to ensure that a SWOT analysis is successful?
Answer
Correct Answer:
Keep competitors in mind.
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John is looking to buy a camera. He drove 30 minutes past his local electronics store, to go to Just Cameras, a store that specializes in high-end cameras. This is an example of ______.
Answer
Correct Answer:
differentiation
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The statement “know how to perform three separate swimming strokes” as part of a swimming test for camp is an example of a(n) ______.
Answer
Correct Answer:
objective
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Mark is looking to create a company that sells and distributes a product that meets a need that no other product or company can meet. This is known as ______.
Answer
Correct Answer:
Blue Ocean Strategy
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Markus owns stock in the Triple B corporation. Markus is a ______.
Answer
Correct Answer:
shareholder
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“Achieving athletic excellence” could be an example of Nike’s ______.
Answer
Correct Answer:
mantra
Note: This Question is unanswered, help us to find answer for this one
Once you have created an accountability plan, what is the next step in strategic planning?
Answer
Correct Answer:
implement and review the plan
Note: This Question is unanswered, help us to find answer for this one
Walmart’s statement: “We save people money so they can live better,” is an example of their ______.
Answer
Correct Answer:
mission statement
Note: This Question is unanswered, help us to find answer for this one
What is one way to ensure that a SWOT analysis is successful?
Answer
Correct Answer:
Keep competitors in mind.
Note: This Question is unanswered, help us to find answer for this one
John is looking to buy a camera. He drove 30 minutes past his local electronics store, to go to Just Cameras, a store that specializes in high-end cameras. This is an example of ______.
Answer
Correct Answer:
differentiation
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A SWOT analysis measures strengths, weaknesses, opportunities, and ______.
Answer
Correct Answer:
threats
Note: This Question is unanswered, help us to find answer for this one
An organization’s core beliefs, or ______, guides their overall thinking and actions.
Answer
Correct Answer:
values
Note: This Question is unanswered, help us to find answer for this one
The triple bottom line, or 3Ps, focuses mostly on a company’s responsibility to its ______.
Answer
Correct Answer:
stakeholders
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Strategic planning starts by looking at an organization’s ______.
Answer
Correct Answer:
desired future
Note: This Question is unanswered, help us to find answer for this one
Wicked Problems is a ?
Answer
Correct Answer:
Large, multifaceted problems.
Note: This Question is unanswered, help us to find answer for this one
Describes what a company hopes to achieve in the long run is known as?
Answer
Correct Answer:
vision statement
Note: This Question is unanswered, help us to find answer for this one
Values are enduring, passionate, and distinctive core beliefs.?
Answer
Correct Answer:
true
Note: This Question is unanswered, help us to find answer for this one
SWOT analysis is an examination of strengths, weaknesses, opportunities, and threats?
Answer
Correct Answer:
true
Note: This Question is unanswered, help us to find answer for this one
Sustainable Development is a?
Answer
Correct Answer:
Growth that ensures positive outcomes for both the current moment and into the future.
Note: This Question is unanswered, help us to find answer for this one
A process or document that communicates an organization’s goals and maps out the actions needed to reach those goals is known as?
Answer
Correct Answer:
Strategic Plan
Note: This Question is unanswered, help us to find answer for this one
Management that includes long-term planning, continuous reflection, and assessment of an organization’s progress toward meeting its goals is known as ?
Answer
Correct Answer:
Strategic management
Note: This Question is unanswered, help us to find answer for this one
The difference between the strategic knowledge needed and what is available is known as ?
Answer
Correct Answer:
Strategic Knowledge Gaps
Note: This Question is unanswered, help us to find answer for this one
Shareholders is an ?
Answer
Correct Answer:
Individuals with an interest in a company.
Note: This Question is unanswered, help us to find answer for this one
The surplus left after a company pays for wages is known as?
Answer
Correct Answer:
profit
Note: This Question is unanswered, help us to find answer for this one
Analytics that identifies what should be done about what is likely to occur is known as?
Answer
Correct Answer:
prescriptive analytics
Note: This Question is unanswered, help us to find answer for this one
Prescriptive is referring to rules or a plan.
Answer
Correct Answer:
true
Note: This Question is unanswered, help us to find answer for this one
Predictive modeling is used to anticipate future trends.
Answer
Correct Answer:
true
Note: This Question is unanswered, help us to find answer for this one
Predictive Analytics that identify what is probably to occur.?
Answer
Correct Answer:
true
Note: This Question is unanswered, help us to find answer for this one
Performance management is Creating, monitoring, and refining a _____to ensure that employees perform their best.?
Answer
Correct Answer:
workplace environment
Note: This Question is unanswered, help us to find answer for this one
Organizational citizenship behavior is a complex phenomenon characterized by altruism, conscientiousness, sportsmanship, and courtesy. v?
Answer
Correct Answer:
true
Note: This Question is unanswered, help us to find answer for this one
What an individual specifically wants to get done.?
Answer
Correct Answer:
objective
Note: This Question is unanswered, help us to find answer for this one
Organizations that exist to accomplish a goal unrelated to making a profit are known as ?
