mgmt cptr 7

Hubert was asked to analyze businesses by classifying them as winners, losers, question marks, average businesses, and profit producers. He was most likely using the

GE business screen

One of the corporation's businesses has a core competency in developing artificial intelligence (AI) that handles very complex scheduling, such as airline scheduling. Analysts forecast that businesses and governments will be looking to put this type of AI-enabled software to a wide range of new uses over the next decade. Based on this information, which corporate-level strategy would you lean toward?

Related diversification strategy

A restaurant chain decides to start a catering business. It will use the same kitchen layout and equipment as it already uses in its dine-in restaurants, and it will source ingredients from the same suppliers. However, the catering business will prepare food for delivery to different customers and operate under a different brand name. This company is pursuinga ______ strategy.

a related diversification

Business-level Strategy refers to

a set of strategic options that that inform how an organization conducts business in a specific market or industry. It helps the organization prioritize and concentrate its competitive efforts for each market or industry.

Corporate-level Strategy describes

a set of strategic options that that inform how an organization manages its operations concurrently across several markets and industries.

Effective Strategies enable

a superior alignment between the organization and its environment and the achievement of strategic goals."

Last week, senior managers in the Post-it® Note division at 3M met to determine the best way to handle their product. Regardless of how 3M positions its other products, Post-it Notes will continue to be widely sold at a premium price. The company will continue to develop new Post-it products to attract new buyers. business or corporate level strategy

business level strategy

Managers at Annie's, a company that makes organic foods, are considering the best ways for the company to position its products after a great IPO. They decide on a focus strategy, targeting sales at people who care about what's in their food. business or corporate level strategy

business level strategy

Seattle-based Theo Chocolate makes organic and Fair Trade chocolate bars. Its management team includes CEO Etienne Patout. Suppose Patout were deciding on a pricing strategy for the company's chocolate bars but no other company products. This is a_________strategic decision.

business level strategy

when conducting a swot analysis, budgets, radios, and sales reports are used to identify:

company strengths and weaknesses

Cisco managers sat down recently to review the portfolio of their company. They looked at all of the businesses the company had acquired in the last year and determined how much money each acquisition was making for Cisco. They then decided which companies to keep and which to spin off. business or corporate level strategy

corporate level strategy

Google managers ask, "Which company should we acquire next to access new technologies and customers?" . business or corporate level strategy

corporate level strategy

Strategy formulation and implementation can be

deliberate or emergent.

Strategy formulation focuses on how the strategy is achieved, while strategy implementation focuses on what the strategy is. t/f

f

ZombieSmith manufactures gaming miniatures. Its highly specialized products and targeted customer base indicate that ZombieSmith is using a(n)________to gain a competitive advantage.

focus strategy

distinctive competence

is an organizational strength possessed by only a small number of competing firms.

UNIQLO has had strong demand for its products and it entered the growth stage quickly. Which of the following challenges is most common during this stage?

managing inventory

Some aspects of UNIQLO's strategy appear to be in line with Porter's differentiation strategy, while others are more aligned with overall cost leadership. Selling a large quantity of relatively few products can help to increase economies of scale. This tactic is associated with

overall cost leadership

UNIQLO tries to monitor its competitors' actions, but notices that one of these competitors seems to shift strategies often and does not anticipate trends in the environment. Which type of strategy does the competitor appear to have?

reactor

example of an emergent strategy?

scotch tape manufactured by 3M

Sam owns a small cafe that faces competition from a new restaurant across the street. Sam may want to perform a SWOT analysis, or a systematic evaluation of the internal and external environments, to inform his...

strategy formulation

SWOT stands for

strengths, weaknesses, opportunities, threats

when starting to formulate a strategy, the first tool often is a _____

swot

which of the following factors should be classified as a strength for the team?

the teams starting pitchers are exceptionally strong and young and can potientially keep the current chapions at the top of the leaguebfor years to come

Emergent Strategy

-A pattern of action developed over time in the absence of or in spite of organizational mission and goals. -It involves allocating resources even in the absence of explicitly chosen strategies.

Deliberate Strategy

-An action plan selected and implemented by an organization to support specific goals. -It is rational, systematic, and planned.

Levels of Strategy

-business level -corporate level

A well-conceived strategy has three components:

-distinctive competence -scope -resource deployment

when referring to SWOT analysis, the letter t refers to _______ and it refers to _____ factors of the environment.

-threats -external

If the company has decided to use Miles and Snow's defender strategy, which of the following actions would most likely be a priority?

Adopt a functional organization design.

If the company uses Porter's differentiation strategy, what should operations emphasize?

Ensuring that the products customers want are available

What is an organization that uses deliberate strategies

Texas Instruments

Strategy Implementation

The methods through which the organization executes the strategies. Focuses on how the strategy is achieved.

Strategy Formulation

The set of processes involved in developing the organization's strategies. Focuses on what the strategy is.

Strategic Management is

a comprehensive and ongoing management process aimed at at formulating and implementing effective strategies addresses." It is a method of "approaching business opportunities and challenges."

Strategy refers to

a comprehensive plan for accomplishing an organization's goals