Question 1

Organizational energy:
A)Describes how enthusiastic and focused a firm is in moving towards its goals
B)Is a key component of a firm's social responsiveness strategy
C)Powers the firm's manufacturing operations
D)Is created through a firm's marketing strategy
E)None of the above

Accepted Answer

Organizational energy refers to the level of enthusiasm and focus employed by a firm in achieving its goals. It is a measure of the overall excitement and drive that exists within the organization. It has nothing to do with the manufacturing process or marketing strategy, and is not directly linked to social responsiveness (although a strong sense of social responsibility can help foster high levels of organizational energy).

Question 2

How are marketing strategies affected by the firm's business-level strategy?

Accepted Answer

The answer of How are marketing strategies affected by the...

Question 3

Describe the three roles played by foreign subsidiaries?

Accepted Answer

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Question 4

What are some of the features found in firms that have high levels of innovation and entrepreneurship?

Accepted Answer

The answer of What are some of the features found...

Question 5

With regard to organizational structure,the increasing need for strategic flexibility in an increasingly competitive global marketplace has led to:
A)Simpler structures
B)Organizations brining more of their operations back into the firm
C)Fewer franchises
D)The adoption of less structure corporate forms of organization
E)More centralized decision making

Accepted Answer

The need for strategic flexibility has led organizations to adopt less structured corporate forms of organization, such as matrix or network structures, that allow for greater agility and adaptability. Simpler structures, bringing more operations in-house, and centralized decision making may not necessarily lead to increased flexibility. Franchises may not be relevant to all types of organizations.

Question 6

Which of the following is a characteristic of a strategic business unit structure?
A)Each strategic business unit includes businesses that have something in common
B)Strategic business units are formed based on whether they are fast growing or slow growing
C)All of the businesses in a strategic business unit sell to a common group of customers
D)They are very similar to a matrix structure
E)None of the above

Accepted Answer

A strategic business unit (SBU) structure is one where a company is split into smaller units that focus on specific products or markets. Each SBU is essentially a self-contained business with its own strategy, goals, and budget. SBUs are typically formed based on shared markets, products, or technologies. Choice A is therefore the correct answer as it reflects this characteristic. Choices B, C, and D are incorrect as they do not reflect the defining characteristic of SBUs. Choice E is not applicable as there is at least one correct answer.

Question 7

What are the characteristics of a well-developed functional strategy?

Accepted Answer

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Question 8

The firm's system of shared values that guides employees is called:
A)Organizational energy
B)Organizational culture
C)Organizational synergy
D)Organizational power
E)None of the above

Accepted Answer

The system of shared values that guides employees is referred to as organizational culture.

Question 9

If a foreign subsidiary plays a unique role as a part of an interdependent network of subsidiaries,it is playing the role of:
A)Global mandate
B)Global implementation
C)International focus
D)Local implementation
E)Specialized contribution

Accepted Answer

The term "unique role" and "interdependent network of subsidiaries" suggest that the subsidiary is making a specialized, important contribution to the overall functioning of the network. This best fits the category of specialized contribution. Options A and B refer more to the overall strategy of the parent company rather than the specific role of the subsidiary. Option C suggests a broader focus on international operations rather than a unique role within a network. Option D refers to a local implementation of a strategy rather than a specialized contribution to a network.

Question 10

What is a matrix structure? When should it be used?

Accepted Answer

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Question 11

Which of the following is not a true statement about matrix structures?
A)They are most common in organizations that experience their workload in the form of projects
B)Many employees report to two bosses
C)It can be difficult to balance the needs of different lines of authority
D)It is a simple structural form for organizations in environments with a low level of complexity
E)These are all true statements.

Accepted Answer

Matrix structures are complex and require a high level of coordination, making them unsuitable for organizations in environments with a low level of complexity.

Question 12

If a foreign subsidiary focuses on one country,making only minor adjustments to the overall business strategy of the firm to meet local market needs,it is playing the role of:
A)Global mandate
B)Global implementation
C)International focus
D)Local implementation
E)Specialized contribution

Accepted Answer

When a foreign subsidiary focuses on only one country and makes minor adjustments to the overall business strategy of the firm to meet local market needs, it is playing the role of local implementation. This means that the subsidiary is adapting to the local market but not necessarily contributing any specialized knowledge or strategies to the overall global business.

Question 13

Factors that encourage innovation and entrepreneurship include all of the following except:
A)Human resources systems that reward innovative behavior
B)Systems that facilitate creation of new products,processes,and services
C)Low levels of slack financial resources
D)A culture that encourages innovation
E)None of the above.These are all factors that encourage innovation and entrepreneurship

Accepted Answer

Low levels of slack financial resources may actually discourage innovation and entrepreneurship as it can limit the ability of individuals to take risks and invest in new ventures. The other options listed are all factors that have been shown to encourage innovation and entrepreneurship.

Quiz 7: Strategy Implementation

Organizational energy:

How are marketing strategies affected by the firm's business-level strategy?

Describe the three roles played by foreign subsidiaries?

What are some of the features found in firms that have high levels of innovation and entrepreneurship?

With regard to organizational structure,the increasing need for strategic flexibility in an increasingly competitive global marketplace has led to:

Which of the following is a characteristic of a strategic business unit structure?

What are the characteristics of a well-developed functional strategy?

The firm's system of shared values that guides employees is called:

If a foreign subsidiary plays a unique role as a part of an interdependent network of subsidiaries,it is playing the role of:

What is a matrix structure? When should it be used?

Which of the following is not a true statement about matrix structures?

If a foreign subsidiary focuses on one country,making only minor adjustments to the overall business strategy of the firm to meet local market needs,it is playing the role of:

Factors that encourage innovation and entrepreneurship include all of the following except: