Strategic Management
Can be an effective type of retrenchment strategy
Bankruptcy
By geographic area
How would Hershey's current divisional structure most likely be classified
when an organization can gain monopolistic characteristics in a particular area or region without being...
In which situation would horizontal integration be an especially effective strategy?
What do we want to become?
The mission statement answers which question?
Organizational resources
The three all-emcompassing internal resource categories used in the resource-based view are physical
Developing vision and mission statements
What is the first step in the comprehensive strategic-management model?
Market Development
When a domestic company first begins to export to India, it is an example of what?
Planning
Which if the following does the text call an up front investment in success?
resource allocation
which term is best defined as a central management activity that allows for strategy execution
Financial ratio analysis
______ exemplifies the complexity of relationships among the functional areas of business
taking corrective actions
_______ is not a strategy-implementation activity
distinctive competencies
a firms strengths that cannot be easily matched or imitated by competitors are called
focus - low cost
according to porter, which strategy offers products or services to a niche group of customers at the lowest price?
value chain analysis
all of the following are basic functions of marketing except:
competitive advantage
anything that a firm does especially well compared to rival firms is referred to as
market development
burger king opening its first restaurant in japan is an example of which type of strategy
joint venture
which strategy would be most appropriate when the distinctive competencies of two or more firms...
divestiture
cadbury plc selling its australian drinks business to Asahi Breweries Ltd. is an example of which type of...
strategy formulation
collecting and evaluating information on competitors is essential for success...
evaluation
during what stage of strategic management are a firm's specific internal...
vertical integration
integration strategies are sometimes collectively referred to as which of the following categories of strategies?
continually changing
long term objectives should be all of the following except?
...is plagued by inefficiency, low profitability, poor employee morale and a pressure from stockholders to...
retrenchment would be an effective strategy when an organization
internal and external factors are constantly changing
strategy evaluation is necessary because...
value chain analysis
the process whereby a firm determines the costs associated with organizational activities from purchasing raw materials is...
mission statements
what are enduring statements of purpose that distinguish one business from other similar firms?
bargaining power of unions
what is NOT one of Michael Porter's Five competitive forces?
by customer
what is the best divisional structure when a few major customers are of paramount importance and many different...
matrix
what is the most complex form of organizational structure?
organizing
which function of management is concerned with span of control and chain of command?
motivating
which of the following is the process of influencing people to accomplish specific objectives
backward integration
which of these strategies is effective when the number of suppliers is small and the number of competitors is large
Strategy implementation
which phase of strategic management is called the action phase?
product development
which strategy generally entails large research and development expenditures?
product development
which strategy seeks to increase market share of present products or series in present markets through...
divestiture
which strategy should be implemented when a division is responsible for an organizations overall poor performance?
