MGT 300 QUESTIONS AND ANSWERS SET A+
✔✔Boston consulting group matrix (BCG) - a portfolio strategy that categorizes a
corporation's businesses by growth rate and relative market share and helps managers
decide how to invest corporate funds
✔✔question mark, star, cash cow, dog - list 4 types of companies on BCG
✔✔question mark - a company with a small share of fast-growing market
✔✔star: ride - a company with a large share of a fast-growing marker; what do you do
with it?
✔✔cash cow; milk - a company with a large share of a slow-growing marker; what do
you do with it?
✔✔dog; kill - a company with a small share of a slow-growing market; what do you do
with it?
✔✔strengths, weaknesses, opportunities, threats - SWOT analysis
✔✔risk0avoiding strategy - protect an existing competitive advantage
✔✔risk-seeking strategy - create or extend a sustainable competitive advantage
✔✔grand strategies - broad strategic plans used to help and organization achieve its
strategic goals
✔✔corporate-level strategy - what business or businesses are we in or should we be
in?
✔✔industry-level strategies - how should we compete in this industry?
, ✔✔positioning strategies - cost leadership, differentiation, focu
✔✔adaptive strategies - defenders, prospectors, analyzers, reactors
✔✔ planning, organizing, leading, controlling - four functions of management
✔✔planning - determining organizational goals and a means for achieving them
✔✔organizing - deciding where decisions will be made, who will do what jobs and tasks,
and who will work for whom in the company
✔✔leading - inspiring and motivating workers to work hard to achieve organizational
goals
✔✔controlling - monitoring progress toward goal achievement and taking corrective
action when needed
✔✔top manager - executives responsible for the overall direction of the organization
✔✔top manager - manager responsible for creating a context for change
✔✔top manager - CEO, COO, CFO, CIO
✔✔top manager - manager who develops employees' commitment to and ownership of
company's performance
✔✔top manager - manager that creates a positive organizational culture through
language and actions
✔✔top manager - manager responsible for monitoring the business environment
✔✔middle manager - managers responsible for setting objectives consistent with top
management's goals and for planning and implementing subunit strategies for achieving
those objectives
✔✔middle manager - plant manager, regional manager, divisional manager
✔✔middle manager - manager who plans and allocates resources to meet objectives
✔✔middle manager - manager who coordinates and links groups, departments, and
divisions
✔✔middle manager - manager who monitors and manages subunits and individual
managers
✔✔Boston consulting group matrix (BCG) - a portfolio strategy that categorizes a
corporation's businesses by growth rate and relative market share and helps managers
decide how to invest corporate funds
✔✔question mark, star, cash cow, dog - list 4 types of companies on BCG
✔✔question mark - a company with a small share of fast-growing market
✔✔star: ride - a company with a large share of a fast-growing marker; what do you do
with it?
✔✔cash cow; milk - a company with a large share of a slow-growing marker; what do
you do with it?
✔✔dog; kill - a company with a small share of a slow-growing market; what do you do
with it?
✔✔strengths, weaknesses, opportunities, threats - SWOT analysis
✔✔risk0avoiding strategy - protect an existing competitive advantage
✔✔risk-seeking strategy - create or extend a sustainable competitive advantage
✔✔grand strategies - broad strategic plans used to help and organization achieve its
strategic goals
✔✔corporate-level strategy - what business or businesses are we in or should we be
in?
✔✔industry-level strategies - how should we compete in this industry?
, ✔✔positioning strategies - cost leadership, differentiation, focu
✔✔adaptive strategies - defenders, prospectors, analyzers, reactors
✔✔ planning, organizing, leading, controlling - four functions of management
✔✔planning - determining organizational goals and a means for achieving them
✔✔organizing - deciding where decisions will be made, who will do what jobs and tasks,
and who will work for whom in the company
✔✔leading - inspiring and motivating workers to work hard to achieve organizational
goals
✔✔controlling - monitoring progress toward goal achievement and taking corrective
action when needed
✔✔top manager - executives responsible for the overall direction of the organization
✔✔top manager - manager responsible for creating a context for change
✔✔top manager - CEO, COO, CFO, CIO
✔✔top manager - manager who develops employees' commitment to and ownership of
company's performance
✔✔top manager - manager that creates a positive organizational culture through
language and actions
✔✔top manager - manager responsible for monitoring the business environment
✔✔middle manager - managers responsible for setting objectives consistent with top
management's goals and for planning and implementing subunit strategies for achieving
those objectives
✔✔middle manager - plant manager, regional manager, divisional manager
✔✔middle manager - manager who plans and allocates resources to meet objectives
✔✔middle manager - manager who coordinates and links groups, departments, and
divisions
✔✔middle manager - manager who monitors and manages subunits and individual
managers
