Question 1

Define strategic positioning.Explain the three principles that underlie strategic positioning.

Accepted Answer

The answer of Define strategic positioning.Explain the three principles that...

Question 2

Describe the strategic management process.Explain what the "feedback loop" is and why it is important.

Accepted Answer

The answer of Describe the strategic management process.Explain what the...

Question 3

The benefit of the single-product strategy for a company is

Accepted Answer

Making just one product allows you to focus your manufacturing and marketing efforts just on that product.This means that your company can become savvy about repairing defects, upgrading production lines, scouting the competition, and doing highly focused advertising and sales.

Question 4

Which of the following is not a question that Bossidy and Charan believe a strong strategic plan must address?

Accepted Answer

According to Bossidy and Charan, a strong strategic plan addresses nine questions, among them: What is the assessment of the external environment? What are the critical issues facing the business? Can the business execute the strategy? Are the short term and long term balanced?

Question 5

According to Bossidy and Charan, effective ______ requires managers to build a foundation for it within three core process: people, strategy, and operations.

Accepted Answer

Bossidy and Charan outline how organizations and managers can improve the ability to execute.Effective execution requires managers to build a foundation for execution within three core processes found in any business: people, strategy, and operations.

Question 6

Explain strategy implementation, including the role of resistance.

Accepted Answer

The answer of Explain strategy implementation, including the role of...

Question 7

Bossidy and Charan believe that to excel at execution, a leader should

Accepted Answer

Bossidy and Charan point out, "The leader who boasts of her hands-off style or puts her faith in empowerment is not dealing with the issues of the day.Leading for execution is not about micromanaging.Leaders who excel at execution immerse themselves in the substance of execution and even some of the key details.They use their knowledge of the business to constantly probe and question.They bring weaknesses to light and rally their people to correct them."

Question 8

Apple's iPad has a very high percentage of the market for tablet computers, and this is also a quickly growing market.Thus, using the BCG matrix, the iPad would be classified as a

Accepted Answer

In the BCG matrix, stars have high growth and high market share, and are definite keepers.

Question 9

Define competitive intelligence and explain how you might go about obtaining it legally.

Accepted Answer

The answer of Define competitive intelligence and explain how you...

Question 10

A recent survey found that the top concern among CEOs worldwide is

Accepted Answer

How important is execution to organizational success in today's global economy? A survey of 769 global CEOs from 40 countries revealed that "excellence in execution" was their most important concern, more important than "profit growth," "customer loyalty," "stimulating innovation," and "finding qualified employees."

Question 11

Which of the following strategy tools suggests that an organization will do better in fast-growing markets in which it has a high market share rather than in slow-growing markets in which it has a low market share?

Accepted Answer

In general, the BCG matrix suggests that an organization will do better in fast-growing markets in which it has a high market share rather in slow-growing markets in which it has a low market share.These concepts are illustrated in Figure 6.4.

Question 12

Name the three common grand strategies and provide an example of how a company might use each.

Accepted Answer

The answer of Name the three common grand strategies and...

Question 13

Time Warner runs different divisions specializing in television, music, and publishing.Time Warner is using a(n) ______ strategy.

Accepted Answer

Diversification strategy means operating several businesses in order to spread the risk.Major entertainment/media companies follow this strategy.

Question 14

According to Bossidy and Charan, which business process is most important for effective execution?

Accepted Answer

A company's overall ability to execute is a function of effectively executing according to three processes: people, strategy, and operations.Because all work ultimately entails some human interaction, effort, or involvement, Bossidy and Charan believe that the people process is the most important.

Question 15

Daniel is assessing his company's portfolio of products.One of them is the best-selling brand of mayonnaise, although this is now a slow-growing market.If Daniel uses the BCG matrix, he would classify this product as a

Accepted Answer

In the BCG matrix, cash cows have slow growth but high market share, and income from them often finances stars and question marks.

Question 16

Which of the following is most likely to use a diversification strategy?

Accepted Answer

Diversification strategy means operating several businesses in order to spread the risk.A grocery store sells food, toiletries, pharmaceuticals, cards, flowers, and often more.

Question 17

An organization that offers unique, superior products or services to a narrow market is pursuing a strategy of

Accepted Answer

The focused-differentiation strategy is to offer products or services that are of unique and superior value compared to those of competitors and to target a narrow market.

Question 18

Which of the following carmakers pursues a focused-differentiation strategy?

Accepted Answer

The focused-differentiation strategy is to offer products or services that are of unique and superior value compared to those of competitors and to target a narrow market.

Question 19

Which of the following is not a behavior of a leader who executes?

Accepted Answer

According to Bossidy and Charan, there are seven essential leader behaviors that fuel the engine of execution.Rather than understand their limitations, you should expand people's capabilities.

Question 20

__________ refers to the idea that the economic value of separate, related businesses under one ownership and management is greater together than the businesses are worth separately.

Accepted Answer

Synergy is the economic value of separate, related businesses under one ownership, and management is greater together than the businesses are worth separately.

Quiz 6: Strategic Management: How Exceptional Managers Realize a Grand Design

Define strategic positioning.Explain the three principles that underlie strategic positioning.

Describe the strategic management process.Explain what the "feedback loop" is and why it is important.

The benefit of the single-product strategy for a company is

Which of the following is not a question that Bossidy and Charan believe a strong strategic plan must address?

According to Bossidy and Charan, effective ______ requires managers to build a foundation for it within three core process: people, strategy, and operations.

Explain strategy implementation, including the role of resistance.

Bossidy and Charan believe that to excel at execution, a leader should

Apple's iPad has a very high percentage of the market for tablet computers, and this is also a quickly growing market.Thus, using the BCG matrix, the iPad would be classified as a

Define competitive intelligence and explain how you might go about obtaining it legally.

A recent survey found that the top concern among CEOs worldwide is

Which of the following strategy tools suggests that an organization will do better in fast-growing markets in which it has a high market share rather than in slow-growing markets in which it has a low market share?

Name the three common grand strategies and provide an example of how a company might use each.

Time Warner runs different divisions specializing in television, music, and publishing.Time Warner is using a(n) ______ strategy.

According to Bossidy and Charan, which business process is most important for effective execution?

Daniel is assessing his company's portfolio of products.One of them is the best-selling brand of mayonnaise, although this is now a slow-growing market.If Daniel uses the BCG matrix, he would classify this product as a

Which of the following is most likely to use a diversification strategy?

An organization that offers unique, superior products or services to a narrow market is pursuing a strategy of

Which of the following carmakers pursues a focused-differentiation strategy?

Which of the following is not a behavior of a leader who executes?

__________ refers to the idea that the economic value of separate, related businesses under one ownership and management is greater together than the businesses are worth separately.