MGMT-3361 Chpt 5 & 6

The __________________ is a portfolio strategy that managers use to categorize their corporation's businesses by growth rate and relative market share. This strategy helps them to decide how to invest corporate funds. A. investment matrix B. BCG matrix C. Maslow grid D. portfolio management matrix E. SWOT matrix

B. BCG matrix

An ad for a major brand of clothes washer reads, "Since our humble beginnings back in 1950, we have been dedicated to building machines with superior cleaning power, reliability, and style." This manufacturer is more than likely using which kind of positioning strategy? A. diversification B. retrenchment C. focus D. differentiation E. stability

D. differentiation

Which of the following is a commonly used method for increasing goal commitment A. all of these B. setting ethical goals C. keeping goals private D. encouraging worker participation in goal setting E. using ombudsman to set goal

D. encouraging worker participation in goal setting

If successful which strategy is often followed by a growth strategy? A. focus B. stability C. portfolio D. retrenchment E. differentiation

D. retrenchment

Which of the following is the most specific type of standing plan? A. procedures B. forecasts C. policies D. rules and regulations E. MBO plans

D. rules and regulations

Which if the following statements about the strategic reference point theory is true? A. the theory does not consider risk factors B. this theory recommends that managers do not change strategic reference points C. the theory is deterministic D. the theory may lean to bureaucratic management E. None of these statements about Strategic Reference Point Theory is true.

E. None of these statements about Strategic Reference Point Theory is true.

which of the following is NOT one of the rules for effective brainstorming? A. the more ideas, the better. B. all ideas are acceptable C. use other members' ideas to come up with more ideas D. Criticism is not allowed E. Select an open-minded group leader.

E. Select an open-minded group leader.

A ____________ strategy is a broad corporate-level strategic plan used to achieve strategic goals and guide the strategic alternatives that managers of individual businesses or subunits may use. A. retrenchment/recovery B. growth C. repositioning D. stability E. grand

E. grand

Which of the following is a disadvantage of face to face brainstorming that is overcome by electronic brainstorming? A. assimilation blocking B. negative valence C. group norm evaluation D. delegation errors E. production blocking

E. production blocking

Which if the adaptive strategies tends to result in the poorest performance? A. analyzers B. niche marketers C. prospectors D. defenders E. reactors

E. reactors

In an attempt to stop declining profitability, ICI, a British chemical company, deleted petrochemical products from its production and concentrated on specialty chemicals, a less capital-intensive, less cyclical business. What type of a grand strategy was ICI using? A. cutback B. maturity C. growth D. stability E. retrenchment

E. retrenchment

Who is responsible for the creation of tactile plans A. middle managers B. team leaders C. lower - level managers D. top managers E. staff advisors

A. Middle Managers

Which of the following is NOT one of the characteristics of S.M.A.R.T. goals? A. Synergistic B. Attainable C. Measurable D. Realistic E. Timely

A. Synergistic

Planning is ultimately based upon ____. A. choosing a goal and developing a method or strategy to achieve that goal B. the relationship between organizational line and staff personnel C. how a planner deals with bounded rationality D. the personality type of the individual engaged in planning E. whether the mission statement is internally or externally oriented

A. choosing a goal and developing a method or strategy to achieve that goal

Which of the following is an example of a common approach to corporate-level strategy? A. grand strategies B. none of these C. positioning strategies D. ROI strategies E. adaptive strategies

A. grand strategies

How does a company benefit from planning? A. more compliance with organizational culture B. intensified effort, persistence, direction, and creation of task strategies C. increased used of groupthink D. less solidified group cohesion E. the ability to make greater use of devil's advocacy

B. intensified effort, persistence, direction, and creation of task strategies

Deutsche Bank is the largest bank in the world. Would this give it a sustainable competitive advantage? A. no, because large institutions make more effective use of resources B. no, because size is not a criteria for sustainable competitive advantage C. yes, because size is directly and positively related to efficiency D. yes, because it would make its operations synergistic E. no, because large organizations are always targeted for anti-trust activities

B. no, because size is not a criteria for sustainable competitive advantage.

What type of planning would be used to create the festivities necessary to celebrate the 100-year anniversary of a furniture manufacturer? A. contingency plan B. single-use plan C. scenario plan D. role-model plan E. standing plan

B. single-use plan

Which of the following must be met if a firm's resources are to be used to achieve a sustainable competitive advantage? A. unrelated diversification B. a matrix organizational structure C. imperfectly imitable resources D. related diversification E. differentiation

C. imperfectly imitable resources

In case of a fire, most organizations have a series of actions that must take place beginning with notifying the fire department and include evacuating buildings. What kind of standing plan is described in this example? A. policies B. rules and regulations C. procedures D. organizational norms E. security governances

C. procedures