MHR 300 Exam 1 || Exam Mastery Pack: Real
Questions + A+ Verified Answers!!
Strategic control includes ________.
-Implementing MBO
-Monitoring the execution of strategy and making adjustments, if necessary
-Developing a diversity plan
-seldom making adjustments to a strategy
-A strong employee diversity and synergy agenda correct answers Monitoring the execution
of strategy and making adjustment, if necessary
A 2013 survey found that among managers, the use of ________ is popular.
-A synergy agenda
-TQM
-An autocratic discipline program
-Mission and vision statements
-Organizational diversity correct answers Mission and vision statements
A defensive strategy is also known as a(n) ________.
-Aggressive approach
-Growth Strategy
-Retrenchment strategy
-Fixed plan
-Stability strategy correct answers Retrenchment Strategy
To develop a grand strategy, you need to gather data and make projections, using the tools of
competitive intelligence, SWOT analysis, forecasting, benchmarking, and Porter's five
competitive forces.
True
False correct answers True
To develop a grand strategy, you need to gather data and make projections, using the tools of
competitive intelligence, SWOT analysis, forecasting, benchmarking, and Porter's five
competitive forces.
Contingency planning is a process by which a company compares its performance with that
of high-performing organizations.
True
False correct answers False
Contingency planning, also known as scenario planning and scenario analysis, is the creation
of alternative hypothetical but equally likely future conditions. Benchmarking is a process by
which a company compares its performance with that of high-performing organizations.
,The vision is an organization's purpose or reason for being, and a company's mission
statement is its long-term goal of what it wants to become.
True
False correct answers False
The vision is an organization's purpose or reason for being, and a company's mission
statement is its long-term goal of what it wants to become.
What is the assessment of the external environment? What are the critical issues facing the
business? Can the business execute the strategy? According to Bossidy and Charan, these are
some of the questions that should be addressed in a ________.
-Mission statement
-Strong strategic plan
-Value Statement
-Diversity agenda
-Code of Ethics correct answers Strong Strategic Plan
Regarding the findings from a SWOT analysis, organizational strengths are ________.
-Means that give a specific industry an advantage in a down economy
-Skills and capabilities that give a company advantages in executing its strategies
-External opportunities that a company can take advantage of
-MBO skills that should be emphasized
-Environmental factors that the organization may exploit for competitive advantage correct
answers Skills and capabilities that give a company advantages in executing its strategies
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.
Weakness
Opportunity
Threat
Strength
Intelligence correct answers Opportunity
Often strategy implementation means overcoming resistance by people who feel the plans
threaten their influence or livelihood.
True
False correct answers True
Often implementation means overcoming resistance by people who feel the plans threaten
their influence or livelihood. This is particularly the case when the plans must be
implemented rapidly, since delay is the easiest kind of resistance there is.
The second step in the strategic-management process is to look at where the organization
stands and see what is working and what could be different to maximize efficiency and
,effectiveness in achieving the organization's mission. This step is the process of completing
a(n) ________.
-current reality assessment
-company synergy assessment
-ethical and diversity evaluation
-organizational vision statement
-grand strategy correct answers Current Reality Assessment
The second step in the strategic-management process is to do a current reality assessment, or
organizational assessment—to look at where the organization stands and see what is working
and what could be different to maximize efficiency and effectiveness in achieving the
organization's mission.
According to Harvard Business School professor Michael Porter, strategic positioning
"means performing different activities from rivals, or performing similar activities in
different ways" to achieve sustainable competitive advantage.
True
False correct answers True
Strategic positioning attempts to achieve sustainable competitive advantage by preserving
what is distinctive about a company. According to Harvard Business School professor
Michael Porter, strategic positioning "means performing different activities from rivals, or
performing similar activities in different ways" to achieve sustainable competitive advantage.
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 ________.
-opportunities
-threats
-strengths
-weaknesses
-intelligence correct answers Weaknesses
Weaknesses are internal matters. Weaknesses could be in the same categories as stated for
strengths: work processes, organization, culture, etc. Slow service is an internal matter that is
a weakness.
According to the BCG matrix, organizations that have high growth and high market share are
stars and should be kept.
True
False correct answers True
According to the BCG matrix, organizations that have high growth and high market share are
stars and should be kept.
Many customers shop at Organic Foods because of the employees' extensive product
knowledge. This is an example of the company's ________.
, -strengths
-threats
-opportunities
-intelligence
-weaknesses correct answers Strengths
Strengths are inside matters. Strengths could be work processes, organization, culture, staff,
product quality, production capacity, image, financial resources and requirements, service
levels, and other internal matters.
Rashid, the CEO of Top Productions, was telling his new vice president of accounting that
"In the past I had resistance to new ideas by people who felt that one of our plans threatens
their influence or jobs. So when you tell your collections department that we just hired a
collection agency to handle bad debt, you may have to sell your collections manager and his
supervisors on using the agency and that nobody is going to be laid off." Selling middle and
supervisory managers on changes to overcome their resistance is often a necessary part of
________.
-reality assessment
-operational control
-strategy implementation
-strategy formulation
-strategic control correct answers Strategy Implementation
Often strategy implementation means overcoming resistance by people who feel the plans
threaten their influence or livelihood. Thus, top managers can't just announce the plans; they
have to actively sell them to middle and supervisory managers.
Pedro, CEO of a successful IT company, is constantly reading press releases, ads, and news
articles about his competition, and he regularly checks information about new competitive
products and visits trade shows to study his competition. Pedro is involved in ________.
-TQM
-environmental observation
-management by observation
-corporate spying
-competitive intelligence correct answers Competitive Intelligence
Gaining competitive intelligence isn't always easy, but there are several avenues and,
surprisingly, most of them are public sources including the public prints and advertising,
investor information, and informal sources. A competitor's customer records are not available
publicly, nor would they yield much information about upcoming plans.
Maria's Mart is a small store located along a major interstate highway that sells gas and
diesel, food, souvenirs, DVD movies, and a wide variety of other items. There is even a café
inside the store. Maria's Mart is an example of a diversification strategy.
True
False correct answers True
Questions + A+ Verified Answers!!
Strategic control includes ________.
-Implementing MBO
-Monitoring the execution of strategy and making adjustments, if necessary
-Developing a diversity plan
-seldom making adjustments to a strategy
-A strong employee diversity and synergy agenda correct answers Monitoring the execution
of strategy and making adjustment, if necessary
A 2013 survey found that among managers, the use of ________ is popular.
-A synergy agenda
-TQM
-An autocratic discipline program
-Mission and vision statements
-Organizational diversity correct answers Mission and vision statements
A defensive strategy is also known as a(n) ________.
-Aggressive approach
-Growth Strategy
-Retrenchment strategy
-Fixed plan
-Stability strategy correct answers Retrenchment Strategy
To develop a grand strategy, you need to gather data and make projections, using the tools of
competitive intelligence, SWOT analysis, forecasting, benchmarking, and Porter's five
competitive forces.
True
False correct answers True
To develop a grand strategy, you need to gather data and make projections, using the tools of
competitive intelligence, SWOT analysis, forecasting, benchmarking, and Porter's five
competitive forces.
Contingency planning is a process by which a company compares its performance with that
of high-performing organizations.
True
False correct answers False
Contingency planning, also known as scenario planning and scenario analysis, is the creation
of alternative hypothetical but equally likely future conditions. Benchmarking is a process by
which a company compares its performance with that of high-performing organizations.
,The vision is an organization's purpose or reason for being, and a company's mission
statement is its long-term goal of what it wants to become.
True
False correct answers False
The vision is an organization's purpose or reason for being, and a company's mission
statement is its long-term goal of what it wants to become.
What is the assessment of the external environment? What are the critical issues facing the
business? Can the business execute the strategy? According to Bossidy and Charan, these are
some of the questions that should be addressed in a ________.
-Mission statement
-Strong strategic plan
-Value Statement
-Diversity agenda
-Code of Ethics correct answers Strong Strategic Plan
Regarding the findings from a SWOT analysis, organizational strengths are ________.
-Means that give a specific industry an advantage in a down economy
-Skills and capabilities that give a company advantages in executing its strategies
-External opportunities that a company can take advantage of
-MBO skills that should be emphasized
-Environmental factors that the organization may exploit for competitive advantage correct
answers Skills and capabilities that give a company advantages in executing its strategies
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.
Weakness
Opportunity
Threat
Strength
Intelligence correct answers Opportunity
Often strategy implementation means overcoming resistance by people who feel the plans
threaten their influence or livelihood.
True
False correct answers True
Often implementation means overcoming resistance by people who feel the plans threaten
their influence or livelihood. This is particularly the case when the plans must be
implemented rapidly, since delay is the easiest kind of resistance there is.
The second step in the strategic-management process is to look at where the organization
stands and see what is working and what could be different to maximize efficiency and
,effectiveness in achieving the organization's mission. This step is the process of completing
a(n) ________.
-current reality assessment
-company synergy assessment
-ethical and diversity evaluation
-organizational vision statement
-grand strategy correct answers Current Reality Assessment
The second step in the strategic-management process is to do a current reality assessment, or
organizational assessment—to look at where the organization stands and see what is working
and what could be different to maximize efficiency and effectiveness in achieving the
organization's mission.
According to Harvard Business School professor Michael Porter, strategic positioning
"means performing different activities from rivals, or performing similar activities in
different ways" to achieve sustainable competitive advantage.
True
False correct answers True
Strategic positioning attempts to achieve sustainable competitive advantage by preserving
what is distinctive about a company. According to Harvard Business School professor
Michael Porter, strategic positioning "means performing different activities from rivals, or
performing similar activities in different ways" to achieve sustainable competitive advantage.
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 ________.
-opportunities
-threats
-strengths
-weaknesses
-intelligence correct answers Weaknesses
Weaknesses are internal matters. Weaknesses could be in the same categories as stated for
strengths: work processes, organization, culture, etc. Slow service is an internal matter that is
a weakness.
According to the BCG matrix, organizations that have high growth and high market share are
stars and should be kept.
True
False correct answers True
According to the BCG matrix, organizations that have high growth and high market share are
stars and should be kept.
Many customers shop at Organic Foods because of the employees' extensive product
knowledge. This is an example of the company's ________.
, -strengths
-threats
-opportunities
-intelligence
-weaknesses correct answers Strengths
Strengths are inside matters. Strengths could be work processes, organization, culture, staff,
product quality, production capacity, image, financial resources and requirements, service
levels, and other internal matters.
Rashid, the CEO of Top Productions, was telling his new vice president of accounting that
"In the past I had resistance to new ideas by people who felt that one of our plans threatens
their influence or jobs. So when you tell your collections department that we just hired a
collection agency to handle bad debt, you may have to sell your collections manager and his
supervisors on using the agency and that nobody is going to be laid off." Selling middle and
supervisory managers on changes to overcome their resistance is often a necessary part of
________.
-reality assessment
-operational control
-strategy implementation
-strategy formulation
-strategic control correct answers Strategy Implementation
Often strategy implementation means overcoming resistance by people who feel the plans
threaten their influence or livelihood. Thus, top managers can't just announce the plans; they
have to actively sell them to middle and supervisory managers.
Pedro, CEO of a successful IT company, is constantly reading press releases, ads, and news
articles about his competition, and he regularly checks information about new competitive
products and visits trade shows to study his competition. Pedro is involved in ________.
-TQM
-environmental observation
-management by observation
-corporate spying
-competitive intelligence correct answers Competitive Intelligence
Gaining competitive intelligence isn't always easy, but there are several avenues and,
surprisingly, most of them are public sources including the public prints and advertising,
investor information, and informal sources. A competitor's customer records are not available
publicly, nor would they yield much information about upcoming plans.
Maria's Mart is a small store located along a major interstate highway that sells gas and
diesel, food, souvenirs, DVD movies, and a wide variety of other items. There is even a café
inside the store. Maria's Mart is an example of a diversification strategy.
True
False correct answers True
