Question 1

____________________ includes the planning and decision making that lead to the establishment of the firm's goals and the development of a specific strategic plan.

Accepted Answer

The answer of ____________________ includes the planning and decision making...

Question 2

____________________ is the set of decisions and actions used to formulate and implement strategies that will provide a competitively superior fit between the organization and its environment so as to achieve organizational goals.

Accepted Answer

The answer of ____________________ is the set of decisions and...

Question 3

In the BCG matrix,the star has a(n)____________________ market share in a rapidly growing industry.

Accepted Answer

The answer of In the BCG matrix,the star has a(n)____________________...

Question 4

In the BCG matrix,the dog has ____________________ market share and ____________________ business growth rate.

Accepted Answer

The answer of In the BCG matrix,the dog has ____________________...

Question 5

The ____________________ is driving and supporting the move toward partnership thinking.

Accepted Answer

The answer of The ____________________ is driving and supporting the...

Question 6

The question What business are we in? concerns ____________________ strategy.

Accepted Answer

The answer of The question What business are we in?...

Question 7

Scenario - SS.com
Faced with rapidly growing business,Swift Stocks,Inc. ,a global brokerage company with the largest market share,recently announced that it has established an on-line stock investment and trading subsidiary,SS.com,where investors can trade stocks at the lowest rates in the industry.The .com subsidiary has less than one percent market share but it faces a very high business growth rate.In the brokerage industry the competition is fierce and all players are cutting their on-line commission rates.
-Swift Stock is following which strategy,according to Porter,through the .com subsidiary?
A)Stability
B)Cost leadership
C)Focus
D)Differentiation
E)Retrenchment

Accepted Answer

Swift Stocks, Inc. is following the Cost Leadership strategy through its online subsidiary SS.com, where the company is offering the lowest rates in the industry to attract more customers. This strategy involves offering products or services at the lowest cost in the industry to gain a competitive advantage over rivals.

Question 8

____________________ is a type of corporate-level strategy that pertains to the organization's mix of strategic business units.

Accepted Answer

The answer of ____________________ is a type of corporate-level strategy...

Question 9

Scenario - SS.com
Faced with rapidly growing business,Swift Stocks,Inc. ,a global brokerage company with the largest market share,recently announced that it has established an on-line stock investment and trading subsidiary,SS.com,where investors can trade stocks at the lowest rates in the industry.The .com subsidiary has less than one percent market share but it faces a very high business growth rate.In the brokerage industry the competition is fierce and all players are cutting their on-line commission rates.
-SS.com subsidiary for Swift Stocks can be classified as a
A)cash cow.
B)dog.
C)star.
D)question mark.
E)stuck in the middle business.

Accepted Answer

SS.com is a new venture in the online stock investment and trading industry with less than one percent market share. It faces high business growth in a fiercely competitive brokerage industry where all players are cutting their online commission rates. Therefore, it can be classified as a question mark or a problem child, which means it has the potential to become a star or a cash cow but currently requires significant investment and resources to grow and capture market share.

Question 10

With a(n)____________________ strategy,the organization concentrates on a specific regional market or buyer group.

Accepted Answer

The answer of With a(n)____________________ strategy,the organization concentrates on a...

Question 11

The question How do we support the business-level competitive strategy? concerns ____________________ strategy.

Accepted Answer

The answer of The question How do we support the...

Question 12

When organizational parts interact to produce a joint effect that is greater than the sum of the parts acting alone,____________________ occurs.

Accepted Answer

The answer of When organizational parts interact to produce a...

Question 13

The plan of action that prescribes resource allocation and other activities for dealing with the environment and helping the organization attain its goals is called a(n)____________________.

Accepted Answer

The answer of The plan of action that prescribes resource...

Question 14

A business activity that an organization does particularly well relative to its competition is known as a(n)____________________.

Accepted Answer

The answer of A business activity that an organization does...

Question 15

The question How do we compete? concerns ____________________ strategy.

Accepted Answer

The answer of The question How do we compete? concerns...

Question 16

The acquisition of a business that is related to current product lines or that takes the corporation into new areas is called ____________________.

Accepted Answer

The answer of The acquisition of a business that is...

Question 17

Scenario - SS.com
Faced with rapidly growing business,Swift Stocks,Inc. ,a global brokerage company with the largest market share,recently announced that it has established an on-line stock investment and trading subsidiary,SS.com,where investors can trade stocks at the lowest rates in the industry.The .com subsidiary has less than one percent market share but it faces a very high business growth rate.In the brokerage industry the competition is fierce and all players are cutting their on-line commission rates.
-If Swift Stock's traditional brokerage business were to face a declining business growth,it may need to be reclassified as a
A)cash cow.
B)dog.
C)star.
D)question mark.
E)dead business.

Accepted Answer

A cash cow is a business that has a high market share in a mature industry, generating significant cash flows. Given that Swift Stocks, Inc. has the largest market share in the brokerage industry and its traditional brokerage business has been growing rapidly, it can be classified as a cash cow. However, if the traditional brokerage business were to face a declining business growth, it may no longer be generating significant cash flows and may need to be reclassified as a different type of business.

Question 18

The ____________________ strategy involves an attempt to distinguish the firm's products or services from others in the industry.

Accepted Answer

The answer of The ____________________ strategy involves an attempt to...

Question 19

The use of managerial and organizational tools to direct resources toward accomplishing strategic results is known as ____________________.

Accepted Answer

The answer of The use of managerial and organizational tools...

Question 20

With a(n)____________________ strategy,the organization aggressively seeks efficient facilities,pursues cost reductions,and uses tight cost controls to produce products more efficiently than competitors.

Accepted Answer

The answer of With a(n)____________________ strategy,the organization aggressively seeks efficient...

Quiz 8: Strategy Formulation and Execution