The Mark Williams Challenge

In the context of the GE Business Screen, a determinant of industry attractiveness would be :

" Capital Requirements "

In the GE Business Screen Matrix, which of the following is a determinant of the industry attractiveness ?

" Market Size "

In the context of the GE Business Screen, a determinant of industry attractiveness would be :

" Product Quality "

THE FINAL PHASE OF THE MANAGEMENT PROCESS ___________________ THAT INVOLVES MONITORING THE ORGANIZATIONS PROGRESS TOWARD IT'S GOALS.

" Controlling "

Hydraliscious is a juice brand that sells a wide range of fruit juices that only uses organic ingredients, which is it's uniqueness when compared sells with other brands; even though, "HYDRALISCIOUS " juices are highly priced, a lot of customers buy them because of the quality of the juice. "Hydraliscious " is is most likely to be using a ( n )________________ strategy.

" Differentiation "

In the BCG matrix, ______________ are businesses that have a very small share of a market that is not expected to grow.

" Dogs "

_______________________ - is a normal process that leads to system decline

" ENTROPY "

In the context of SWOT analysis, which of the following would be considered as an organization's strength :

" Favorable Gov't Policies "

The ability to motivate others is a ( n ) _______________ skill

" Interpersonal "

Early advocates of the classical management perspective view organizations and jobs from and essentially _______________________ point of view

" Mechanistic "

The management function of leading involves:

" Motivating and influencing others "

In it's simplest form, ______________________ means setting an organizations goals, and deciding how best to achieve them.

" Planning "

In context, of the GE Business Screen, a determinant of an organization's competitiveness position is :

" Product Quality "

In a Boston Consulting group, (BCG) matrix,____________ are businesses that have only a small share of a quick growing market.

" Question Marks "

Which of the following is a determinant of an organization's competitiveness position in the context of the GE Business screen ?

" Technological Know-How "

In the GE business screen portfolio management technique, businesses that have good competitive position in an attractive industry are known as :

" Winners "

In the context of the GE Business Screen, a determinant of an organization's competitiveness position in an attractive industry known as:

" Winners "

The BCG matrix uses two factors to evaluate an organization's set of businesses:

# 1 - is the growth rate of a particular market and the 2nd - is organization's highest amount in shares of that market.

What are the 7 points of competitive positioning ?

1). Market share 2). Technology Know-How 3). Product Quality 4). Service Network 5).Price Competitiveness 6).Operating Cost

Who was the first person to identify the managerial functions of planning, organizing, leading, and controlling was:

Henri Fayol

Question marks are businesses that have what ?

Only a small share of a fast-growing market. The future performance of these businesses is uncertain.

A person who purchases stock in a company becomes a(n) _____________________ of the company.

Owner

The _________- dimension of the general environment consists of government regulation of business and the relationship between business and government.

Political-Legal

Tell me an acronym that stands for strengths, weaknesses, opportunities, and threats

SWOT

A(n) __________________________ is a tax collected on goods shipped across national boundaries.

Tariff

Dogs are businesses that have what ?

a very small share of a market, that is not expected to grow only because these businesses do not hold much economic promise .

Tactical plans are

developed for business war strategy in order to disseminate an organized sequence of steps designed to execute strategic plans. Strategy focuses on resources, environment, and mission, whereas tactics focus primarily on people and action.

Scientific management focuses on:

improving the efficiency of individual workers.

A management process is considered to be effective when :

the right decisions are made and implemented

Which of the following statements is true in context of contemporary management trends ?

More and more organizations are using quality as a basis for competition.

Cash cows are businesses that have what ?

A large share of a market that is not expected to grow substantially. but these businesses characteristically generate high profits that the organization should use to support question marks and stars.

Theory Y Assumptions is that:

People are committed to goals to the degree that they receive personal rewards when they reach their objectives.

A law that requires CEOs and CFOs to vouch personally for the truthfulness and fairness of their firms': financial disclosures, and imposes tough new measures to deter, and seriously punish for corporate and accounting fraud or corruption.

Sarbanes-Oxley Act of 2002

Which of the following statements is true about / of administration management ?

It encompasses the concepts of planning, organization, and controlling.

Alex, one of the proprietors of Atlas Corp. is worried. The stock market was not doing well, unemployment was 10 percent, inflation was on the rise again, and government debt was still increasing. These concerns of Alex are related to the ______________ dimension of the general environment of Atlas Corp.

Economic

An international __________________ is a set of countries that agree to markedly reduce or eliminate trade barriers among member nations.

Economic Community

The term ________________________ refers to an individual's personal beliefs about whether a behavior, action, or decision is right or wrong.

Ethic's

The 4-determinants of an industry's attractiveness :

In addition to: market growth, market size, capital requirements, and competitive intensity.

__________________________ is a law that requires CEOs and CFOs to vouch personally for the truthfulness and fairness of their firms' financial disclosures and imposes tough new measures to deter and punish corporate and accounting fraud and corruption.

Sarbanes-Oxley Act of 2002

Operational plans are derived from what ?

Tactical plans strategy and are aimed at achieving business operational goals these goals are considered to be a serious critical element in effective organizational planning is the development and implementation of operational plans.

What are 2 Portfolio management techniques strategy methods use for diversification :

The 2- important portfolio management techniques are the BCG matrix and the GE Business Screen.

Define BCG matrix

The Boston Consulting Group (BCG) matrix is developed to analyze several of business processes and new product offerings from companies. It is a useful tool that can be used in portfolio analysis, strategic management, product management, and brand marketing.

What is the Books definition of " GE " ?

The GE Business Screen is a more sophisticated approach to portfolio management than the BCG matrix. See Chapter 3 section 3-5d. The GE Business Screen is a portfolio management technique that can also be represented in the form of a matrix.

Alpha Inc. is a large shoe manufacturer that caters to a large customer base. In addition to the high volume of shoes it manufacturers, the company sells simple-well designed sneakers for a low price. Many customers buy Alpha shoes because they are durable and inexpensive. Which of the following strategies is illustrated in the Scenario ?

This a perfect example of " Over-All Cost Leadership Strategy "