Strategy Formulation, Implementation and Evaluation activities occur at three hierarchical levels in a large diversified Organization: Corporate, Divisional and Functional

Strategy Formulation, Implementation and Evaluation activities occur at
three hierarchical levels in a large diversified Organization: Corporate,
Divisional and Functional
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A possible and desirable future state of an Organization is called --------------- : A. Mission B. Vision C. Strategy Implementation D. Strategy Formulation

Description : A possible and desirable future state of an Organization is called --------------- : A. Mission B. Vision C. Strategy Implementation D. Strategy Formulation

Last Answer : Vision

The primary focus of Strategic Management is : A. Strategic Analysis B. The total Organization C. Strategy formulation D. Strategy implementation

Description : The primary focus of Strategic Management is : A. Strategic Analysis B. The total Organization C. Strategy formulation D. Strategy implementation

Last Answer : The total Organization

Developing a vision and mission, identifying an organization's external opportunities and threats, and determining internal strengths and weaknesses are all __________ activities. a. strategy-formulation b. strategy-implementation c. long-range planning d. short-range planning

Description : Developing a vision and mission, identifying an organization's external opportunities and threats, and determining internal strengths and weaknesses are all __________ activities. a. strategy-formulation b. strategy-implementation c. long-range planning d. short-range planning

Last Answer : strategy-formulation

Developing a Vision and Mission, identifying an Organization’s external opportunities & threats and determining internal strengths & weaknesses are all -------------- activities : A. Strategy Formulation B. Strategy Implementation C. Long-range Planning D. Short-range Planning

Description : Developing a Vision and Mission, identifying an Organization’s external opportunities & threats and determining internal strengths & weaknesses are all -------------- activities : A. Strategy Formulation B. Strategy Implementation C. Long-range Planning D. Short-range Planning

Last Answer : Strategy Formulation

__________ is the form of departmentalization that groups similar jobs and activities into departments. (a) A product structure ; (b) A divisional structure ; (c) A matrix structure ; (d) A functional structure

Description : __________ is the form of departmentalization that groups similar jobs and activities into departments. (a) A product structure ; (b) A divisional structure ; (c) A matrix structure ; (d) A functional structure 

Last Answer : (d) A functional structure 

Matrices like BCG Growth Share & GE Mckinsey Business Portfolio are use to evaluate___________________? A. Business Level Strategy B. Product Level Strategy C. Corporate Level Strategy D. Functional Level Strategy

Description : Matrices like BCG Growth Share & GE Mckinsey Business Portfolio are use to evaluate___________________? A. Business Level Strategy B. Product Level Strategy C. Corporate Level Strategy D. Functional Level Strategy

Last Answer : Corporate Level Strategy

Decisions regarding which industries to compete in are the concern of: Select one: a. Functional level strategy b. Mergers and acquisitions. c. Business level strategy. d. Corporate level strategy

Description : Decisions regarding which industries to compete in are the concern of: Select one: a. Functional level strategy b. Mergers and acquisitions. c. Business level strategy. d. Corporate level strategy

Last Answer : Corporate level strategy

Stability Strategy is a _______________ strategy a. Business level b. Corporate level c. strategic leveld. Functional

Description : Stability Strategy is a _______________ strategy a. Business level b. Corporate level c. strategic level d. Functional

Last Answer : Corporate level

Marketing Strategy is a ___________ type of this strategy a. Growth strategy b. Business level c. Corporate d. Functional

Description : Marketing Strategy is a ___________ type of this strategy a. Growth strategy b. Business level c. Corporate d. Functional

Last Answer : Functional

Marketing Strategy is a ----------------- type of Strategy : A. Business level B. Growth Strategy C. Corporate Strategy D. Functional Strategy

Description : Marketing Strategy is a ----------------- type of Strategy : A. Business level B. Growth Strategy C. Corporate Strategy D. Functional Strategy

Last Answer : Functional Strategy

Stability Strategy is a ------------- Strategy : A. Corporate level B. Business level C. Functional level D. Strategic level

Description : Stability Strategy is a ------------- Strategy : A. Corporate level B. Business level C. Functional level D. Strategic level

Last Answer : Corporate level

Stability Strategy is a ------------- Strategy : A. Corporate level B. Business level C. Functional level D. Strategic level

Description : Stability Strategy is a ------------- Strategy : A. Corporate level B. Business level C. Functional level D. Strategic level

Last Answer : Corporate level

Which of the following defines what business the Firm is in or should be in? A. Business Strategy B. Corporate Strategy C. Functional Strategy D. Financial Strategy

Description : Which of the following defines what business the Firm is in or should be in? A. Business Strategy B. Corporate Strategy C. Functional Strategy D. Financial Strategy

Last Answer : Corporate Strategy

Godrej Industries is an example of a…. A. Single Industry Firm B. Related Diversified Firm C. Unrelated Diversified Firm D. Multi-functional Diversified Firm

Description : Godrej Industries is an example of a…. A. Single Industry Firm B. Related Diversified Firm C. Unrelated Diversified Firm D. Multi-functional Diversified Firm

Last Answer : Unrelated Diversified Firm

Unilever is an example of a…. A. Single Industry Firm B. Related Diversified Firm C. Unrelated Diversified Firm D. Multi-functional Diversified Firm

Description : Unilever is an example of a…. A. Single Industry Firm B. Related Diversified Firm C. Unrelated Diversified Firm D. Multi-functional Diversified Firm

Last Answer : Related Diversified Firm

McDonalds Foods is an example of a…. A. Single Industry Firm B. Related Diversified Firm C. Unrelated Diversified Firm D. Multi-functional Diversified Firm

Description : McDonalds Foods is an example of a…. A. Single Industry Firm B. Related Diversified Firm C. Unrelated Diversified Firm D. Multi-functional Diversified Firm

Last Answer : Multi-functional Diversified Firm

Godrej Industries is an example of a…. A. Single Industry Firm B. Related Diversified Firm C. Unrelated Diversified Firm D. Multi-functional Diversified Firm

Description : Godrej Industries is an example of a…. A. Single Industry Firm B. Related Diversified Firm C. Unrelated Diversified Firm D. Multi-functional Diversified Firm

Last Answer : Unrelated Diversified Firm

Unilever is an example of a…. A. Single Industry Firm B. Related Diversified Firm C. Unrelated Diversified Firm D. Multi-functional Diversified Firm

Description : Unilever is an example of a…. A. Single Industry Firm B. Related Diversified Firm C. Unrelated Diversified Firm D. Multi-functional Diversified Firm

Last Answer : Related Diversified Firm

McDonalds Foods is an example of a…. A. Single Industry Firm B. Related Diversified Firm C. Unrelated Diversified Firm D. Multi-functional Diversified Firm

Description : McDonalds Foods is an example of a…. A. Single Industry Firm B. Related Diversified Firm C. Unrelated Diversified Firm D. Multi-functional Diversified Firm

Last Answer : Single Industry Firm

Functional benchmarking involves: a) benchmarking your competitors. b) benchmarking global competitors in your industry. c) benchmarking organizations with regards to specific business activities or processes. d) benchmarking other multinational firms with similar corporate strategies or similar customers

Description : Functional benchmarking involves: a) benchmarking your competitors. b) benchmarking global competitors in your industry. c) benchmarking organizations with regards to specific business activities ... d) benchmarking other multinational firms with similar corporate strategies or similar customers

Last Answer : benchmarking organizations with regards to specific business activities or processes

One of the fundamental Strategy evaluation activities is reviewing external and internal factors that are the bases for current strategy

Description : One of the fundamental Strategy evaluation activities is reviewing external and internal factors that are the bases for current strategy

Last Answer : True

Many Organizations mistakenly spend more time and effort on the implementation of a Plan than on the formulation of the Plan itself

Description : Many Organizations mistakenly spend more time and effort on the implementation of a Plan than on the formulation of the Plan itself

Last Answer : False

In the marketing planning cycle, the first stage is: A)implementation of the marketing plan. B)revision or formulation of marketing strategy. C)development or revision of marketing objectives D)assessment of marketing opportunities and resources. E)development or revision of the plan for implementation and control.

Description : In the marketing planning cycle, the first stage is: A)implementation of the marketing plan. B)revision or formulation of marketing strategy. C)development or revision of marketing objectives ... opportunities and resources. E)development or revision of the plan for implementation and control.

Last Answer : C)development or revision of marketing objectives

In the marketing planning cycle, the final stage is: A)implementation of the marketing plan. B)revision or formulation of marketing strategy. C)development or revision of marketing objectives D)assessment of marketing opportunities and resources. E)development or revision of the plan for implementation and control.

Description : In the marketing planning cycle, the final stage is: A)implementation of the marketing plan. B)revision or formulation of marketing strategy. C)development or revision of marketing objectives ... opportunities and resources. E)development or revision of the plan for implementation and control.

Last Answer : A)implementation of the marketing plan.

An organizational design with low departmentalization, wide spans of control, authority centralized in a single person and little formalization are characteristics of ________. (a) Simple structure ; (b) Functional structure ; (c) Divisional structure ; (d) None of given option

Description : An organizational design with low departmentalization, wide spans of control, authority centralized in a single person and little formalization are characteristics of ________. (a) Simple structure ; (b) Functional structure ; (c) Divisional structure ; (d) None of given option

Last Answer : (a) Simple structure ; 

Annual Objectives are especially important in Strategy Formulation

Description : Annual Objectives are especially important in Strategy Formulation

Last Answer : False

Resource Allocation is included in Strategy Formulation

Description : Resource Allocation is included in Strategy Formulation

Last Answer : True

A sustainable competitive advantage requires that: Select one: a. Other companies are not able to duplicate the strategy b. The value creating strategy be in a formulation stagec. Average returns be earned by the companyd. Competitors are simultaneously implementing the strategy.

Description : A sustainable competitive advantage requires that: Select one: a. Other companies are not able to duplicate the strategy b. The value creating strategy be in a formulation stage c. Average returns be earned by the company d. Competitors are simultaneously implementing the strategy.

Last Answer : Other companies are not able to duplicate the strategy

Shauna has recently been appointed as a project manager for Project SkyNorth, which is regarded as an important project in her organization. During the project planning meeting, Shauna is capable of allocating key resources and personnel that she needs for this project. Which organizational structure is best for Shauna’s company? Select one: a. Balanced md. Projectized organization e. Hierarchical organizationatrix organization b. Matrix organization c. Functional organization

Description : Shauna has recently been appointed as a project manager for Project SkyNorth,  which is regarded as an important project in her organization. During the project  planning meeting, ... b. Matrix organization c. Functional organization d. Projectized organization e. Hierarchical organization

Last Answer : d. Projectized organization

Which of the following are not so easy for management to influence and change during strategy implementation? A. Style of Leadership B. StrategyC. SystemsD. Structure

Description : Which of the following are not so easy for management to influence and change during strategy implementation? A. Style of Leadership B. Strategy C. Systems D. Structure

Last Answer : Style of Leadership

Which of the following are easier for management to influence and change during strategy implementation? A. Staffing B. Style of Leadership C. Structure D. Skills

Description : Which of the following are easier for management to influence and change during strategy implementation? A. Staffing B. Style of Leadership C. Structure D. Skills

Last Answer : Structure

The final stage in Strategic Management is Strategy implementation

Description : The final stage in Strategic Management is Strategy implementation

Last Answer : False

Strategy implementation is often considered to be the most difficult stage in the Strategic Management process because it requires personal discipline, commitment and sacrifice

Description : Strategy implementation is often considered to be the most difficult stage in the Strategic Management process because it requires personal discipline, commitment and sacrifice

Last Answer : True

Which one of the following might not be a functional outcome of the conflict process? (a) stimulates creativity ; (b) avoids risk ; (c) fosters environment of self-evaluation (d) relieves tensions

Description : Which one of the following might not be a functional outcome of the conflict process? (a) stimulates creativity ; (b) avoids risk ; (c) fosters environment of self-evaluation (d) relieves tensions

Last Answer : (b) avoids risk ;

.Low cost, Differentiation and Focus are examples of __________________ a. Corporate strategies b. Operational Strategies c. Business Strategies d. Functional Strategies

Description : Low cost, Differentiation and Focus are examples of __________________ a. Corporate strategies b. Operational Strategies c. Business Strategies d. Functional Strategies

Last Answer : Business Strategies

Which of the following is not a characteristic of a marketing objective? A)Consistent with both business -unit and corporate strategy B)Expressed in clear, simple terms C)Written so that it can be measured accurately D)Specifies a time frame for its accomplishment E)Detailed enough for marketing strategy implementation

Description : Which of the following is not a characteristic of a marketing objective? A)Consistent with both business -unit and corporate strategy B)Expressed in clear, simple terms C)Written ... accurately D)Specifies a time frame for its accomplishment E)Detailed enough for marketing strategy implementation

Last Answer : E)Detailed enough for marketing strategy implementation

Select the statement that best applies to Emergent Strategies. Emergent Strategy ----------- : A. Implies an ability to react to events B. Implies strategizing C. Implies no deviation from Plans D. Implies constant evaluation of the bigger picture

Description : Select the statement that best applies to Emergent Strategies. Emergent Strategy ----------- : A. Implies an ability to react to events B. Implies strategizing C. Implies no deviation from Plans D. Implies constant evaluation of the bigger picture

Last Answer : Implies an ability to react to events

Corporate Level Strategy decides… A. ‘Where’ to compete? B. Definition of business C. Deployment of resources. D. All of these options are correct

Description : Corporate Level Strategy decides… A. ‘Where’ to compete? B. Definition of business C. Deployment of resources. D. All of these options are correct

Last Answer : All of these options are correct

Corporate Level Strategy decides… A. ‘How’ to compete in an industry? B. How to create and maintain competitive advantage in selected industry. C. Industry specific diversification strategies. D. None of these two options are correct

Description : Corporate Level Strategy decides… A. ‘How’ to compete in an industry? B. How to create and maintain competitive advantage in selected industry. C. Industry specific diversification strategies. D. None of these two options are correct

Last Answer : None of these two options are correct

Corporate Level Strategy decides… A. ‘Where’ to compete? B. Definition of business C. Deployment of resources. D. All of these options are correct

Description : Corporate Level Strategy decides… A. ‘Where’ to compete? B. Definition of business C. Deployment of resources. D. All of these options are correct

Last Answer : All of these options are correct

Corporate Level Strategy decides… A. ‘How’ to compete in an industry? B. How to create and maintain competitive advantage in selected industry. C. Industry specific diversification strategies. D. None of these two options are correct

Description : Corporate Level Strategy decides… A. ‘How’ to compete in an industry? B. How to create and maintain competitive advantage in selected industry. C. Industry specific diversification strategies. D. None of these two options are correct

Last Answer : None of these two options are correct

The word tactic is most likely to be associated with: a. Business Strategy b. Corporate strategy c. Operational Strategy d. All of the above

Description : The word tactic is most likely to be associated with: a. Business Strategy b. Corporate strategy c. Operational Strategy d. All of the above

Last Answer : Operational Strategy

Which of the following is a key external factor that should be taken into account by a Corporate Strategy ?A. Economic Conditions B. Political Conditions C. Legal Environment D. Competition

Description : Which of the following is a key external factor that should be taken into account by a Corporate Strategy ? A. Economic Conditions B. Political Conditions C. Legal Environment D. Competition

Last Answer : Legal Environment

Sharon Moro, office manager at Willow Manufacturing stated, “We‟d had manufacturing work cells in place for at least two years, but change didn‟t really happen until we added teamwork.” To effectively integrate teamwork into their corporate strategy, all of the following actions were undertaken by Willow except: (a) Old ways were readily discarded. (b) Everyone’s input was sought and valued (c) Individual employee success was recognized and celebrated. (d) Employees believed in what they were doing.

Description : Sharon Moro, office manager at Willow Manufacturing stated, We d had manufacturing work cells in place for at least two years, but change didn t really happen until we added teamwork. To ... Individual employee success was recognized and celebrated. (d) Employees believed in what they were doing. 

Last Answer : (c) Individual employee success was recognized and celebrated.

In an organization that has high centralization…………… (a) Problem can be quickly and efficiently solved (b) The corporate headquarters is located centrally to branch offices (c) Top managers make all the decisions-lower-level managers merely carry out directions (d) All top-level officials are located within the same geographic area

Description : In an organization that has high centralization (a) Problem can be quickly and efficiently solved (b) The corporate headquarters is located centrally to branch offices (c) Top managers make ... merely carry out directions (d) All top-level officials are located within the same geographic area

Last Answer : (c) Top managers make all the decisions-lower-level managers merely carry out directions 

What do Cash Cows symbolize in BCG matrix? a. Remain Diversified b. Invest c. Stable d. Liquidate

Description : What do Cash Cows symbolize in BCG matrix? a. Remain Diversified b. Invest c. Stable d. Liquidate

Last Answer : Stable

What does Question Mark (?) symbolize in BCG matrix? a. Remain Diversified b. Invest c. Stable d. Liquidate

Description : What does Question Mark (?) symbolize in BCG matrix? a. Remain Diversified b. Invest c. Stable d. Liquidate

Last Answer : Remain Diversified

The value chain activities by which the firm is regarded as a better performer, are known as: A. Core competences B. Corporate competences C. Personal competences D. Core resources

Description : The value chain activities by which the firm is regarded as a better performer, are known as: A. Core competences B. Corporate competences C. Personal competences D. Core resources

Last Answer : Core competences

The value chain activities by which the firm is regarded as a better performer, are known as: A. Core competences B. Corporate competences C. Personal competences D. Core resources

Description : The value chain activities by which the firm is regarded as a better performer, are known as: A. Core competences B. Corporate competences C. Personal competences D. Core resources

Last Answer : Core competences

The most important criterion in determining whether conflict is functional or dysfunctional is: (a) overall morale. (b) turnover rates. ; (c) absenteeism levels. ; (d) group performance.

Description : The most important criterion in determining whether conflict is functional or dysfunctional is: (a) overall morale. (b) turnover rates. ; (c) absenteeism levels. ; (d) group performance.

Last Answer :  (d) group performance.