MGMT Test 2
The _____ strategy of minimizing or adapting to the political risk .......
Cooperation
In the typical S-curve pattern of innovation, increased effort
At the end of the cycle
Backward compatibility is an important consideration for software users ...... newer version that has greater capacity. Therefore, many software manufacturers.....
Generational change
When incremental improvements are made to a dominant technological .... ______ is said to have occurred
Generational change
Global business is defined as _____
The buying and selling of goods and services ....
Which of the following countries....
United Kingdom
When Clorox Corporation
Unrelated diversification Actionable
Uganda is one of only two countries...
Avoidance strategy
Glassmarker AFG industries positions itself as the primary supplier of glass used in ......... What type of a positioning strategy does the glass manufacturer use?
Focus
Neither Chile nor Peru have a mass-market cafe culture, ..... Starbucks.....
Decision making
Kodak is a company associated with photography.
Discontinuous change
Which of following is not a step in the management by objectives (MBO)
Jointly develop operational plans
Budgets are an example of _______ planning
Operational
_______ are the assets, capabilities, processes, information, and knowledge.....
Resources
The goals of the compression approach to innovation are ______
Speed, lower costs, and incremental change of dominant design
Companies that are following a _____ strategy would be most likely to try to improve the way in which they sell the same goods or services in the same customers
Stability
Resource similarity and _______ are factors that determine the extent to which firms will be in direct competition with each other
Technological
An innovation stream moves from .......
Technological substitution
Organizational development _____
Is accurately described by all of these
In Canada, two automobile companies have entered into a ....
Joint venture
A technology cycle occurs whenever there are major advances...
Knowledge, tools, and techniques
In terms of Hostede's cultural differences.....
Low degree of uncertainty avoidance
Under conditions of ______, a competitive attack by the stronger rival is more likely to produce sustained competitive advantage
Low resource similarity
Who is primarily responsible for developing operational plans
Lower-level managers
According to the S.M.A.R.T. guidelines, goals should be
Measurable None of these
______ is the set of shared values and beliefs that affects the perceptions......
National culture
According to the text, valuable, rare, imperfectly imitable resources can produce sustainable competitive advantage only if they are _____ resources
Nonsubstitutable
There are three kinds of ________ plans. They are single-use plans, standing plans, and budgets.
Operational
______ planning keeps options open by making small, simultaneous.....
Options-based
Creativity was needed to improve efficiency without raising costs at one automobile maker. .....is an example of
Organizational innovation
In a situational analysis, a strategic group is a group of _____ that top managers choose for comparing, evaluating, and benchmarking their company's strategic threats and opportunities
Other firms within an industry
Which of the following is a possible outcome of planning
Planning may lead to a mechanistic organizational chart
______ are types of standing plans
Policies and procedures
A(n) ______ is a standing plan that indicates the general course of action that should be......
Policy
Which of the following is a disadvantage of face-to-face brainstorming that is
Production blocking
The Japanese government....
Protectionism
A cosmetics company that is considering....
Purchasing power
Which of the following is a trend that has allowed companies......
Quick, reliable air travel
The purpose of pre-departure language and cross-cultural training is to _______
Reduce the uncertainty for those becoming expatriates
One method of weighing decisions criteria uses ______, which is a process where each decision is compared .....
Relative comparisons
The General Electric workout is a special kind of
Results-driven change
Which of the following statements is true about how the portfolio strategy can be used to help managers acquire companies that fit well with the rest of their corporate portfolio?
Risk can be reduced through related diversification (creating or acquiring companies in related businesses)
_______ are the targets that managers use to measure whether their firm has developed the core competencies that it needs to achieve a sustainable competitive advantage
Strategic reference points
_______ are long-term, low-interest loans, cash grants, ....
Subsidies
An Australian manufacturer of surfboards wants to increase awareness ...... series of surfboard competitions in California
Tactical
A(n) ______ is a direct tax on imported goods.....
Tariff
As Malta got ready for .....
Tariffs Regional trading zone
The term _____ is used by Hofstede to describe the degree to which people in a country .......
Uncertainty avoidance
Tom Valerio ..... radical proposition. Valerio was a(n)
Change agent
Which of the following methods for managing resistance to change.....
Coercion
ARI is a lead provider..... supplier involvement was an example of the _____
Compression
NTL is the largest cable company in the United Kingdom. The company has recently declared bankruptcy ....... Since it has identified the need for strategic change, what would be like the organization's next .....
Conducting a situation analysis
Starbucks is a chain that is rapidly expanding its global operation....
Cultural differences
_______ is the process of choosing a solution from available alternatives
Decision making
The nominal group technique improves group decision making by
Decreasing A-type conflict
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
Grand
What type of planning would be used to create the festivities necessary to celebrate the 100-year anniversary of a furniture manufacturer?
Single-use plan
A ______, also called a SWOT analysis for strengths, weaknesses, opportunities, and threats........
Situational analysis
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?
Benchmarking
In any organization, the ____ are the less visible, internal decision-making routines, .... efficiently inputs can be turned into outputs
Core capabilities
When The Home Depot opened stores in Canada, it ran a series of ads featuring ...... the lowest prices. According to Michael Porter, .... similar products?
Cost leadership
Covisint is an e-commerce venture involving many car manufacturers .......
Design iteration
Unverferth Manufacturing has been a manufacturer and supplier of innovative agricultural ..... which prepares 10-inch-wide seed beds spaced 40 inches apart. ..... Unverferth used the _______ approach to innovation
Experiential
Protectionism is the use of trade barriers....
Foreign competition
Which of the following types of global organization is most likely to suffer....
Franchising
Groupthink occurs in
Highly cohesive groups where there is a great deal of pressure to agree with each other
The European Union encourages companies to abandon national boundaries........ insurance group, is considering converting from a German company to a European.....
Identify problems arising from tax and regulatory issues
A(n) ______ is a resource that is impossible or extremely costly or difficult for other firms to duplicate
Imperfectly imitable
Which of the following must be met if a firm's resources are to be used to achieve a sustainable competitive advantage?
Imperfectly imitable resources
Titleist has been manufacturing golf balls for several years, but each year ..... solid core designed to benefit players with high swings.....
Incremental change
Organizational________ is the successful implementation of creative ideas
Innovation
A ____ is a strategic alliance in which two existing companies collaborate.....
Joint venture
If successful, which strategy is often followed by a growth strategy?
Retrenchment
The purpose of a ______ strategy is to turn around very poor company performance.....
Retrenchment
In order from beginning to end, the phases of a technology cycle....
Technological discontinuity, discontinuous change, ....
The three steps in the basic process of ....
Unfreezing, change intervention, and refreezing
The trade agreement that represented the most significant change....
World Trade Organization
An organization which is a _____ in terms of its adaptive strategy would not follow a consistent strategy
Reactor
_______ is used to assess how well managers and their families......
Adaptability screening
An industry-level strategy that is best suited to changes in the organization's external environment is a(n)
Adaptive
A situational analysis for a manufacturer of pet food might reveal which of the following facts
All of these
Which of the following statements describes an advantage of the results-driven change approach...
All of these were cited as advantages of the results-driven change approach
The use of _______ in planning produces a false sense of certainty and is often cited as one of .......
Assumptions
What is the first step for managing innovation during discontinuous change?
Design iteration
A manufacturer of suntan lotion could set a(n) ______ goal to increase revenues by 8 percent over the next 5 years and a(n) goal to ..... by 3 percent
Distal; proximal
Specialized Bicycle Components, Inc. introduced the first major production mountain bike in 1980. Two-thirds of its profits come from the sale of mountain bikes. It is recognized worldwide for its ability to design and produce superior mountain bikes. This ability is its
Distinctive competence Stars Core capabilities
The General Agreement on Tariffs and Trade (GATT)_____
Does all of these
One of the benefits of planning is how it
Does none of these
A country or region that has an attractive business climate...
Easy access to growing markets
When resistance to change is based on insufficient, incorrect, or ....
Education and communication
One of the benefits of planning is how it
Encourages people to engage in behaviors directly related to goal accomplishment
The most popular approach to increasing goal commitment is
Encouraging workers' participation in goal setting
Hewlett-Packard is the currently exploring....
Establish creative work environments