Capstone Final (Chapters 6, 7, 8, 9, 10, 11)
According to the information in the text, how many Fortune 500 have women CEOs?
26.
A conservative rule of thumb is to establish a business' worth as ________ the firm's current annual profit.
5 times.
Which approach for managing and resolving conflict involves exchanging members of conflicting parties so that each can gain an appreciation of the other's point of view?
Confrontation.
What type of strategies would you recommend when a firm's SPACE Matrix directional vector has the coordinates (-2, +3)?
Conservative.
What term refers to the need for strategists to examine sets of trends, as well as individual trends, in evaluating strategies?
Consonance.
________ includes the set of shared values, beliefs, attitudes, customs, norms, rites, rituals, personalities, heroes, and heroines that describe a firm.
Culture.
Just in time describes____
Delivering materials just as they are needed.
What is NOT a way that companies can help create an ethical culture in their organization?
Discouraging whistle blowing.
Walmart encourages its employees to adopt "Personal Sustainability Projects" like weight-loss or smoking-cessation support groups, illustrating that
Employee wellness can be a part of sustainability.
It is ________ for a business to provide a sustainability report annually to the public.
Good business.
According to the Grand Strategy Matrix, organizations in which quadrant have a strong competitive position but are in a slow-growth industry?
IV
The domestic food industry ________, so Kraft Foods is focusing on foreign acquisitions.
Is growing 3 percent per year.
As of 2012 which of the following countries had a top corporate tax rate below 30 percent?
Israel and Japan.
What is NOT a guideline for an effective strategic planning process?
It should employ International Financial Reporting Standards (IFRS).
Many New Zealanders, supported by Australians, are outraged about which country's "large-scale" whaling operations in Antarctic.
Japan.
Firms can align ethical and strategic decision making by
Monitoring departmental and corporate performance regarding ethical issues.
Preserving the environment should be a permanent part of doing business for which of the following reasons?
More lenders are examining the environmental liabilities of businesses seeking loans.
The strategy-evaluation process should foster
Mutual understanding.
What portion of the firms going public in 2014 were unprofitable?
Nearly 3 quarters.
Which U.S. industry is already greatly challenged by foreign competitors?
None.
What is not a strategic marketing issue or decision?
Operating leverage.
What term is used to describe specific guidelines, methods, procedures, rules, forms and administrative practices established to support and encourage work toward stated goals?
Policies.
What is NOT a reason for the increasing difficulty of evaluating strategies?
Product life cycles are longer.
Which matrix is included in the decision stage of the strategy formulation framework?
Quantitative Strategic Planning Matrix (QSPM)
Which strategy-formulation technique reveals the relative attractiveness of alternative strategies and thus provides an objective basis for selecting specific strategies?
Quantitative Strategic Planning Matrix (QSPM)
In the Boston Consulting Group (BCG) Matrix, which strategy would be most appropriate for a division classified as a Dog?
Retrenchment.
With regard to the visible or hidden issue, most executives agree that
Some strategic information should remain confidential to top managers.
In the BCG Matrix, when a division of an organization has a high relative market share and is in a fast-growing industry, it is called a
Star.
Matching which factors would allow factories to produce desirable levels without extra shifts, overtime, or subcontracting?
Supply and demand.
If you discover during the course of strategy evaluation that major changes have occurred in the firm's internal strategic position, you should
Take corrective actions.
Financial ratios are used to compare a firm's performance over different time periods, to compare the firm's performance to industry averages, and to compare a firm's performance with
The performance of competitors.
Company websites should enable customers to interact with the firm on a variety of social media networks. T/F?
True.
Marketing has evolved to be more about building a two-way relationship with consumers. T/F?
True.
Successful strategy implementation requires a firm to know what people are saying about it and its products. T/F?
True.
The online community of customers is much quicker, cheaper, and effective to reach than traditional focus groups and surveys. T/F?
True.
Already the European Union and 113 nations including Australia, Mexico, and Canada have ________ IFRS rules.
Adopted or soon plan to use.
Protectionism involves _____
Imposing regulations on firms outside the country. Tariffs against firms outside the country. Imposing taxes on firms outside the country.
An absence of conflict can signal ________ within an organization.
Indifference and apathy.
All of the following are things that many cultures around the world value more than the competitiveness that is so important in the United States EXCEPT
Individualism.
What is NOT one of the steps involved in constructing a SWOT Matrix?
Listing the firm's external weaknesses.
Which of the following is the first step in developing a QSPM?
Make a list of the firm's key external opportunities and threats and internal strengths and weaknesses in the left column of the QSPM.
What are management issues that are central to strategy implementation?
Minimizing resistance to change Developing an effective human resources function Devising policies Revising reward and incentive plans
Strategy-evaluation activities should ideally be performed
On a continuous basis.