STRATEGIC MANAGEMENT | EXAM 1
________ is the very best degree of approach-making for a business enterprise. -
ANS-corporate
___________ appears at both strategic and financial goals while measuring company overall
performance. - ANS-The Balanced Scorecard technique
___________ goals are more focused on the beyond (lagging), at the same time as
__________ targets are greater focused on the destiny (leading) - ANS-monetary; strategic
____________ outline(s) what a agency wishes to have, be, or be top at with a view to be
competitive in a given enterprise. - ANS-Key achievement elements
____________ tends to be a mixture of deliberate factors and unplanned elements of a
agency's approach. - ANS-realized method
______________ identifies great practices within the industry that a organization can put in
force to growth its competitiveness. - ANS-Benchmarking
________________ has been reached while management realizes that the enterprise has
changed in a vast manner that renders the business enterprise's strategic vision obsolete. -
ANS-A strategic inflection factor
_________________ is the method the advertising branch would take to reap agency objectives
and maximize useful resource productivity. - ANS-Functional approach
____________________ assist(s) a corporation anticipate what its competition are probable to
do subsequent. - ANS-Competitive intelligence
________________________ will tell you whether or not a selected competency is a source of
aggressive gain. - ANS-VRIN
"We will do better in ROI by using June of subsequent 12 months" isn't a nicely-said objective
due to the fact it's far surely not: - ANS-Measurable
A _________ method is considered to be a hybrid strategy. - ANS-first-rate-cost
A __________ permits a business enterprise to attract sufficiently large numbers of customers
who've an enduring preference for its services or products over the ones supplied by means of
, rivals, regardless of the efforts of the competition to offset that appeal and conquer the agency's
benefit. - ANS-sustainable aggressive benefit
A ____________ strategy have to bring about a corporation being a low-value company of a
product or service with upscale attributes. - ANS-excellent-price
A corporation's _________ defines its method to growing advanced price for clients and the way
abilities and sources will be hired to supply the preferred price to customers. - ANS-approach
A company's ___________ essentially defines how a enterprise intends to make money. -
ANS-business version
A organization's Key Success Factors are suitable metrics to be used in determining its
competitiveness relative to its rivals. - ANS-True
A excessive level of competition (contention) within an enterprise can be considered as: -
ANS-all the above
A low-cost chief can translate its low-fee gain over opponents into superior profit overall
performance by: - ANS-either the use of its low-price facet to underprice competition and entice
charge sensitive shoppers in massive sufficient numbers to increase total income or refraining
from rate-slicing and using the low-price benefit to earn a bigger earnings margin on each unit
bought.
A strategic vision should have all of the following characteristics EXCEPT: - ANS-huge
According to ______________, 2016 can be a "Cataclysmic 12 months" for shares round the
sector due to the mixture of low oil prices, weak spot in China and other growing countries, and
geopolitical uncertainty around the globe. - ANS-the Royal Bank of Scotland
According to Henry Mintzberg, the strategy on the way to in the end determine an company's
achievement or failure is its: - ANS-realized approach
An suitable substitute for a Coke would be _____________. - ANS-a sweet bar
An agency is more likely to get powerful oversight of top management with
___________________ administrators than with ______________________ administrators. -
ANS-outside, inside
An agency's logos are a part of its __________________: - ANS-intangible property
As a customer, if the ____________ you connect to a very good or provider is greater than its
__________, you're in all likelihood to buy it. - ANS-price, charge
________ is the very best degree of approach-making for a business enterprise. -
ANS-corporate
___________ appears at both strategic and financial goals while measuring company overall
performance. - ANS-The Balanced Scorecard technique
___________ goals are more focused on the beyond (lagging), at the same time as
__________ targets are greater focused on the destiny (leading) - ANS-monetary; strategic
____________ outline(s) what a agency wishes to have, be, or be top at with a view to be
competitive in a given enterprise. - ANS-Key achievement elements
____________ tends to be a mixture of deliberate factors and unplanned elements of a
agency's approach. - ANS-realized method
______________ identifies great practices within the industry that a organization can put in
force to growth its competitiveness. - ANS-Benchmarking
________________ has been reached while management realizes that the enterprise has
changed in a vast manner that renders the business enterprise's strategic vision obsolete. -
ANS-A strategic inflection factor
_________________ is the method the advertising branch would take to reap agency objectives
and maximize useful resource productivity. - ANS-Functional approach
____________________ assist(s) a corporation anticipate what its competition are probable to
do subsequent. - ANS-Competitive intelligence
________________________ will tell you whether or not a selected competency is a source of
aggressive gain. - ANS-VRIN
"We will do better in ROI by using June of subsequent 12 months" isn't a nicely-said objective
due to the fact it's far surely not: - ANS-Measurable
A _________ method is considered to be a hybrid strategy. - ANS-first-rate-cost
A __________ permits a business enterprise to attract sufficiently large numbers of customers
who've an enduring preference for its services or products over the ones supplied by means of
, rivals, regardless of the efforts of the competition to offset that appeal and conquer the agency's
benefit. - ANS-sustainable aggressive benefit
A ____________ strategy have to bring about a corporation being a low-value company of a
product or service with upscale attributes. - ANS-excellent-price
A corporation's _________ defines its method to growing advanced price for clients and the way
abilities and sources will be hired to supply the preferred price to customers. - ANS-approach
A company's ___________ essentially defines how a enterprise intends to make money. -
ANS-business version
A organization's Key Success Factors are suitable metrics to be used in determining its
competitiveness relative to its rivals. - ANS-True
A excessive level of competition (contention) within an enterprise can be considered as: -
ANS-all the above
A low-cost chief can translate its low-fee gain over opponents into superior profit overall
performance by: - ANS-either the use of its low-price facet to underprice competition and entice
charge sensitive shoppers in massive sufficient numbers to increase total income or refraining
from rate-slicing and using the low-price benefit to earn a bigger earnings margin on each unit
bought.
A strategic vision should have all of the following characteristics EXCEPT: - ANS-huge
According to ______________, 2016 can be a "Cataclysmic 12 months" for shares round the
sector due to the mixture of low oil prices, weak spot in China and other growing countries, and
geopolitical uncertainty around the globe. - ANS-the Royal Bank of Scotland
According to Henry Mintzberg, the strategy on the way to in the end determine an company's
achievement or failure is its: - ANS-realized approach
An suitable substitute for a Coke would be _____________. - ANS-a sweet bar
An agency is more likely to get powerful oversight of top management with
___________________ administrators than with ______________________ administrators. -
ANS-outside, inside
An agency's logos are a part of its __________________: - ANS-intangible property
As a customer, if the ____________ you connect to a very good or provider is greater than its
__________, you're in all likelihood to buy it. - ANS-price, charge
