Mgt 310
Which of the following questions should a manager address while acquiring a company in terms of culture
Where are the similarities and differences?
Which of the following statements is true of the organizational design and the life-cycle of a firm?
As a firm matures, it tends to emphasize division of labor
Which of the following statements is true of the levels of organizational culture?
Assumptions are deeply embedded in an organization's culture
Which of the following is a weakness of the matrix structure?
It often creates confusing and inefficient scenarios for managers working in a functional group as well as across divisions.
Which of the following firms can be referred to as being "stuck in the middle"?
A firm that engages in numerous strategies but fails to master any one.
Which of the following firms is most likely to benefit from a bureaucratic approach?
A firm with high turnover and a diverse workforce.
Which of the following firms is most likely to benefit from the clan approach?
A firm with highly uncertain working conditions
The factor that distinguishes functional organizational structure from divisional is that?
A functional structure is organized in terms of main activities performed.
Which of the following is an advantage of a strong culture?
A strong culture has been linked to better levels of performance
Which of the following is a disadvantage of a strong culture?
A strong culture tends to be difficult to change.
Which of the following is the main motive for international diversification?
Achieve economies of scale.
Which of the following forces of the five-force model will exemplify Wal-Mart's ability to buy products from its suppliers at rock-bottom prices?
Bargaining power of customers
Which of the following statements best describes competitive advantage?
It derives from a firm's ability to create value for its customers that exceeds the cost of producing the product or service.
Which of the following is a disadvantage of a divisional structure?
Core functions are duplicated, preventing the development of economies of scale.
Which of the following is a characteristic of an organization's culture?
Culture is dynamic.
Which of the following best describes an organization's artifacts?
Day to day behaviors that can be observed.
Which of the following statements is true about Porter's five-force model?
Every industry is different in terms of who maintains the power in the firm supplier relationship.
John signed a two year contract with Z-Gadget to get a subsidized price on his new iPhone. He had Z-Gadget's service for only 6 months and has been dissatisfied with its service and wanted to cancel the contract. However, he did not do so because he will have to spend a lot for canceling his Z-Gadget contract and signing up for another alternative. Which of the following characteristics of a powerful supplier group does Z-Gadget have with respect to its contract with John?
Industry participants face switching costs in changing suppliers
Which of the following statements is a downside of unrelated diversification strategy?
It can open a firm to higher levels of risk and uncertainty.
Which of the following helps organizations to socialize employees?
Role modeling, leader examples, & coaching.
In conducting its SWOT analysis, a baseball team notes that most of its players are among the best in the world and that their coach was a distinguished major-league player. Which part of the SWOT analysis is this information pertinent to?
Strengths
The scope of a corporate-level strategy focuses on.
The markets & business the firm will compete in.
Which of the following statements is an advantage of related diversification strategy?
The sharing of resources is a key component of developing economies of scope and often increases a firm's competitive advantage.
Z-Furn is an organization that manufactures and sells office furniture. It maintains a good name in this business and has strong capital resources. The organization decides to purchase a failing food product business in order to tap into the market of that company. Which of the following types of diversification is the firm pursuing?
Unrelated diversification
Thomas, the head of the marketing department in an organization, has structured his department in such a way that the roles and responsibilities of his workers are loosely defined. Moreover, he does not exert too much control over his workers and encourages two-way communication. His workers tend to be highly satisfied with their jobs when compared to those in the finance department, headed by John who exerts more control. From this scenario it can be inferred that Thomas has adopted a _____ mechanism for coordinating.
behavioristic
In a differentiation focused approach, a firm attempts to target.
customers with special needs or demands who comprise a small market.
Rivalry among existing competitors is more intense when?
industry growth is slow
Primary activities of a firm's value chain refers to.
the activities involved in the physical creation of a product and its sale and transfer to the buyer.
Fine Electronics is a corporation that controls all aspects of its business such as extracting raw materials, manufacturing the products, distributing them, and finally marketing to customers. It manages these activities through several business units, where one unit provides inputs to the other. This is an example of?
vertical integration
Economies of scale arise.
when a firm manufactures products in high volumes