Exam 2: study guide

The is a portfolio strategy that managers use to categorize their corporation's businesses by growth rate and relative market share. This strategy helps them to decide how to invest corporate funds.

BCG matrix

The acronym GATT stands for the

General Agreement on Tariffs and Trade

Which of the following statements about the strategic reference point theory is true?

None of these statements about the Strategic Reference Point Theory is true.

Which of the following statements about resistance to change is true?

Resistance to change will always occur; it is inevitable.

Which of the following is NOT one of the rules for effective brainstorming?

Select an open-minded group leader

Which of the following is NOT one of the characteristics of S.M.A.R.T. goals?

Synergistic

Several Arab countries boycott Coca-Cola products because the soft-drink company maintains product distributors in Israel. This boycott is an example of

a trade barrier

Planning is ultimately based upon

choosing a goal and developing a method or strategy to achieve that goal

Which of the following methods for managing resistance to change should only be used as a last resort or under crisis conditions?

coercion

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?

differentiation

When a U.S. automaker learned that it took longer than any other U.S. car manufacturer to assemble a vehicle, it purchased newer, more flexible manufacturing systems to replace its older ones. Which stage of the technology cycle did it enter?

discontinuous change

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

Which of the following is NOT a part of the experiential approach to innovation?

initiative conversations

Organizational is the successful implementation of creative ideas in organizations.

innovation

Who is responsible for the creation of tactical plans?

middle managers

In case of a fire, most organizations have a series of actions that must take place beginning with notifying the fire department and include evacuating buildings. What kind of a standing plan is described in this example?

procedures

In an attempt to stop declining profitability, ICI, a British chemical company, deleted petrochemical products from its production and concentrated on specialty chemicals, a less capital-intensive, less cyclical business. What type of a grand strategy was ICI using?

retrenchment

Ford Motor Company owns and operates a $1.9 billion manufacturing plant in Brazil. What method for organizing for global business has Ford used in this example?

wholly owned affiliate

Which of the following factors should be considered when choosing an office/manufacturing location in the Brazilian market for a U.S. company that operates cinemas and wants to open a chain of movie theatres there?

all of these