Question 1

Strategy formulation
A) is managing forces during the action.
B) requires coordination among a few individuals.
C) is primarily an operational process.
D) requires special motivation and leadership skills.
E) all of the above

Accepted Answer

The answer of Strategy formulation
A) is managing forces during the...

Question 2

JIT significantly increases the costs of implementing strategies.

Accepted Answer

JIT (Just-in-Time) aims to reduce costs by minimizing inventory levels and optimizing production processes. Therefore, it usually results in cost savings rather than cost increases. However, there may be some initial implementation costs associated with introducing JIT systems and training employees on new methods, but these costs are usually outweighed by the long-term benefits.

Question 3

The United States leads the world in promoting women and minorities into mid- and top-level managerial positions in business.

Accepted Answer

The answer of The United States leads the world in...

Question 4

Changing a strategy to fit an existing culture is not as effective as changing a firm's culture to fit a new strategy.

Accepted Answer

When a strategy is changed to fit an existing culture, it may not align with the company's goals and values, leading to a lack of commitment and poor execution. On the other hand, if a company's culture is changed to align with a new strategy, it can enhance employee engagement and result in better execution and success.

Question 5

Production processes typically constitute less than 50 percent of a firm's total assets.

Accepted Answer

Production processes often involve significant investments in machinery, equipment, and facilities, which can constitute a substantial portion of a firm's total assets, often exceeding 50 percent.

Question 6

Organizational change today should be viewed as a project or event rather than as a continuous project.

Accepted Answer

Organizational change should be viewed as a continuous process rather than a project or event. Change initiatives should be ongoing and integrated into the overall strategy of the organization rather than seen as a one-time event with a specific end goal. This allows for continuous adaptation and improvement in response to changing circumstances and ensures that the organization is constantly evolving and staying ahead of the curve.

Question 7

ESOPs work well even in firms with fluctuating payrolls and profits.

Accepted Answer

ESOPs (Employee Stock Ownership Plans) are less effective in firms with fluctuating payrolls and profits because they rely on stable financial performance to provide consistent benefits to employees.

Question 8

The rational change strategy is one that presents information to convince people of the need for change.

Accepted Answer

The answer of The rational change strategy is one that...

Question 9

Strategists should strive to create a work environment in which change is recognized as necessary and beneficial so that individuals can more easily adapt to change.

Accepted Answer

Recognizing change as necessary and beneficial can help individuals see the value in adapting to new situations, which can create a more flexible and innovative work environment. This can ultimately lead to greater success for the organization.

Question 10

Strategists should strive to preserve, emphasize, and build upon aspects of an existing culture that are antagonistic to a proposed strategy.

Accepted Answer

The answer of Strategists should strive to preserve, emphasize, and...

Question 11

When attachments to a culture are severed in an organization's attempt to change direction, employees and managers often experience deep feelings of grief.

Accepted Answer

When an organization changes its direction, it often requires letting go of certain values, traditions, and beliefs that employees and managers have become attached to. This can lead to a sense of loss and grief as individuals may feel disconnected from their cultural identity within the organization.

Question 12

A force change strategy is plagued by low commitment and high resistance.

Accepted Answer

A force change strategy typically involves imposing change without full involvement or buy-in from employees, which can result in low commitment and high resistance.

Question 13

A rational change strategy means giving orders and enforcing those orders.

Accepted Answer

A rational change strategy involves taking a logical, planned approach to change that involves analyzing and understanding the current situation, developing a clear vision for the desired outcome, and involving stakeholders in the change process. It does not necessarily involve giving orders and enforcing them.

Question 14

Besides reducing worker alienation and stimulating productivity, ESOPs allow firms other benefits, such as substantial tax savings.

Accepted Answer

ESOPs can provide significant tax benefits for companies, such as deductions for contributions made to the plan and tax deferral opportunities for selling owners.

Question 15

Which of the following is a management issue central to strategy implementation?
A) Devising policies
B) Revising reward and incentive plans
C) Minimizing resistance to change
D) Developing an effective human resources function
E) All of the above

Accepted Answer

All of the given options are management issues central to strategy implementation. Devising policies is important to ensure that the strategy is aligned with organizational goals and objectives. Revising reward and incentive plans is crucial to motivate employees and align their behavior towards the desired outcomes. Minimizing resistance to change is critical to ensure that employees accept and embrace the new strategy. Developing an effective human resources function is necessary to recruit, train, and retain employees who can implement the strategy effectively.

Question 16

The advantage of the educative change strategy is that implementation is quick and relatively easy.

Accepted Answer

The educative change strategy involves changing attitudes and beliefs through education and training, which can be time-consuming and challenging to implement. The advantage of this strategy is that it can create lasting change, but it is not quick or easy.

Question 17

The work and family issue is strictly a women's issue.

Accepted Answer

The work and family issue affects both men and women, although women have traditionally been expected to prioritize family duties over work responsibilities. However, recent studies have shown that men are also struggling to balance work and family responsibilities, and there is a growing need for policies and societal attitudes that support both genders in achieving a healthy work-life balance.

Question 18

When the rational type change strategy is successful, strategy implementation can be relatively easy.

Accepted Answer

When a rational type change strategy is successful, it means that the change was carefully planned and thought out, and that there was limited resistance from stakeholders. This can make implementation of the strategy relatively easy because everyone understands the reasoning behind the change and is on board with the plan.

Question 19

Which of these is true about strategy implementation?
A) It is positioning forces before the action.
B) It focuses on effectiveness.
C) It is primarily an operational process.
D) It is primarily an intellectual process.
E) It requires intuitive skills.

Accepted Answer

Strategy implementation is primarily an operational process as it involves putting the strategic plan into action and managing the operations to achieve the strategic goals.

Question 20

Recruitment, promotion, and mentoring are ways to alter an organization's culture.

Accepted Answer

Recruitment, promotion, and mentoring can bring in and develop individuals who align with desired values and behaviors, leading to a shift in the overall culture of the organization. Therefore, these are effective ways to alter an organization's culture.

Quiz 7: Implementing Strategies: Management and Operations Issues

Strategy formulation