Business Capstone Final Pt 1

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 term refers to the need for strategists to examine sets of trends, as well as individual trends, in evaluating strategies?

Consonance

Which of the following is NOT a way that companies can help create an ethical culture in their organization?

Discouraging whistle-blowing

What is the major benefit of a BCG matrix?

Draws attention to the cash flow, investment characteristics and needs of an organizations various divisions

BCG Matrix: Cash Cows

High Market Share Low Margins Generate excess amount of cash, past the amount that should be reinvested.

According to the Grand Strategy Matrix, organizations in which quadrant have a strong competitive position but are in a slow-growth industry?

IV

As of 2012 which of the following countries had a top corporate tax rate below 30 percent?

Israel and Japan

Which of the following 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

Which of the following is NOT one of the steps involved in constructing a SWOT Matrix?

List the firm's external weaknesses

BCG Matrix: Question Marks

Low Market Share High Growth They always almost require more cash then they can generate. If there is no cash they will fall behind and die It is a liability that does have a good pay off but needs to be fed capital

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.

Competitive position space matrix

Market share product quality customer loyolty capacity utilization

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.

What portion of the firms going public in 2014 were unprofitable?

Nearly three quarters

Which U.S. industry is already greatly challenged by foreign competitors?

None of the above

Which of the following is NOT a management issue central to strategy implementation?

Performing an internal audit

Which of the following is NOT a reason for the increasing difficulty of evaluating strategies?

Product life cycles are longer.

Which strategy-formulation technique reveals the relative attractiveness of alternative strategies and thus provides an objective basis for selecting specific strategies?

QSPM

Which matrix is included in the decision stage of the strategy formulation framework?

QSPM(2)

SPACE Matrix FP

ROI Leverage Liquidity WC Cash Flow Inventory turnover EPS Price earning ratio

In the Boston Consulting Group (BCG) Matrix, which strategy would be most appropriate for a division classified as a Dog?

Retrenchment

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

SWOT Matrix

Table that displays the key issues in a SWOT analysis

What type of strategies would you recommend when a firm's SPACE Matrix directional vector has the coordinates (-2, +3)?

What type of strategies would you recommend when a firm's SPACE Matrix directional vector has the coordinates (-2, +3)?

BCG Matrix

a means of evaluating strategic business units on the basis of (1) their business growth rates and (2) their share of the market

Already the European Union and 113 nations including Australia, Mexico, and Canada have ________ IFRS rules.

adopted or soon plan to use

WO Strategies

aim at improving internal weaknesses by taking advantage of external opportunities

________ includes the set of shared values, beliefs, attitudes, customs, norms, rites, rituals, personalities, heroes, and heroines that describe a firm.

culture

WT Strategies

defensive tactics directed at reducing internal weakness and avoiding external threats

Just-in-time describes

delivering materials just as they are needed

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.

SPACE Matrix

four-quadrant framework indicates whether aggressive, conservative, defensive, or competitive strategies are most appropriate for a given organization

It is ________ for a business to provide a sustainability report annually to the public.

good business

Industry Positions

growth potential profit potential Financial stability Extent leveraged resource utilization ease of entry

BCG Matrix: Stars

high growth, high market share

All of the following are true EXCEPT

in 2015 the number of LinkedIn users was closer to the number of Facebook users than to the number of Twitter users.

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.

The domestic food industry ________, so Kraft Foods is focusing on foreign acquisitions.

is growing 3 percent per year

Protectionism involves all of the following EXCEPT

liberalizing restrictions on the import of foreign goods

BCG Matrix: Dogs

low growth, low market share

Firms can align ethical and strategic decision making by

monitoring departmental and corporate performance regarding ethical issues.

The strategy-evaluation process should foster

mutual understanding

Strategy-evaluation activities should ideally be performed

on a continuous basis.

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

With regard to the visible or hidden issue, most executives agree that

some strategic information should remain confidential to top managers.

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

Space Matrix SP Stability position

tech changes rate of inflation Demand variation price range of competing products barriers to entry ease of exit

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.

All of the following are strategic marketing issues or decisions EXCEPT

to use operating leverage.

SO Strategies

use a firm's internal strengths to take advantage of external opportunities

ST strategies

use a firm's strengths to avoid or reduce the impact of external threats