Question 1

In a five-year study,researchers conducted in-depth analysis of 160 companies and more than 200 management tools and techniques.What was their principal finding?

Accepted Answer

The principal finding of the five-year study was that individual management tools and techniques had no direct relationship to superior business performance in the companies that were studied.

Question 2

Reflecting on the research study of over 200 management tools and techniques,which of the following companies is an example of a firm that excels based on a "clearly stated,focused strategy?"

Accepted Answer

A

Question 3

Recently,General Mills launched all of the following products EXCEPT:

Accepted Answer

Strawberry Cheerios is not mentioned as a recent launch by General Mills in the provided options.

Question 4

Reflecting on the research study of over 200 management tools and techniques,which of the following companies is an example of a firm that excels based on its organizational structure?

Accepted Answer

The Lockheed Skunk Works is known for its successful organizational structure, particularly in its emphasis on small, cross-functional teams that are given a high degree of autonomy and accountability. This structure has allowed the company to develop innovative and groundbreaking products, such as the SR-71 Blackbird spy plane and the F-117 stealth fighter. Costco, Smucker's, Coca-Cola, and Kodak are not specifically known for their organizational structure as a key factor in their success.

Question 5

Always near the top of the Fortune list of the 100 Best Companies to Work For is Smucker's.Its straightforward culture is based on four key elements in its code of conduct: (1)"Listen with your full attention"; (2)"Look for the good in others"; (3)__________;and (4)"Say thank you for a job well done."

Accepted Answer

The answer of Always near the top of the Fortune...

Question 6

Four basic business and management practices are what matter-"what really works," to use the phrase of the researchers who studied more than 200 management tools and techniques.These are: (1)__________; (2)execution; (3)culture;and (4)structure.

Accepted Answer

The four basic business and management practices that matter are strategy, execution, culture, and structure. These were identified after studying over 200 management tools and techniques. While ethics, charismatic leadership, quality, and sustainability are important, they are not the top four practices that were found to be most effective in achieving business success.

Question 7

The launch of a new cereal typically costs up to $30 million and usually involves

Accepted Answer

The launch of a new cereal involves replacing one or more of the 300 competing breakfast cereals already on a supermarket shelf. This suggests that there is a considerable amount of competition in the market, and launching a new cereal involves significant efforts to stand out and attract consumers. The other options may be factors that can contribute to a successful cereal launch, but they are not as universally necessary as the need to differentiate from existing competitors.

Question 8

Four basic business and management practices are what matter-"what really works," to use the phrase of the researchers who studied more than 200 management tools and techniques.These are: (1)strategy; (2)execution; (3)culture;and (4)__________.

Accepted Answer

The four basic business and management practices that matter are strategy, execution, culture, and structure. The other options, such as charismatic leadership, quality, sustainability, and ethics, can certainly be important in certain contexts, but they are not considered as fundamental as the four listed.

Question 9

Which of the following statements about the four basic business and management practices that researchers identified is most accurate?

Accepted Answer

The effectiveness of business practices often depends more on how well they are executed rather than the specific tools or strategies chosen.

Question 10

The biggest strategic business unit (SBU)at General Mills is

Accepted Answer

General Mills' breakfast cereal division is by far their largest strategic business unit, accounting for a significant portion of their overall revenue and profit. It includes well-known brands like Cheerios, Lucky Charms, and Cinnamon Toast Crunch. The other options listed are also popular products produced by General Mills, but they do not generate as much revenue as the Big G division.

Question 11

Reflecting on the research study of over 200 management tools and techniques,which of the following companies is an example of a firm that excels in terms of operational execution?

Accepted Answer

Toyota is known for its high level of operational excellence, particularly in terms of its manufacturing processes and cost efficiency. The company's Toyota Production System (TPS) is a widely recognized model for lean manufacturing and continuous improvement. Toyota has consistently ranked among the top companies in terms of operational execution in various surveys and studies.

Question 12

Toyota is generally acknowledged as the best in the world in revolutionizing the design and manufacture of autos.Toyota managers created the doctrine of __________,or continuous improvement.

Accepted Answer

Toyota managers created the doctrine of kaizen, which means continuous improvement in Japanese.

Question 13

Recently,the $9.5 billion-a-year U.S.ready-to-eat (RTE)cereal market has had flat or slightly declining sales.All of the following factors have contributed to the decline in the consumption of RTE cereals by Americans EXCEPT:

Accepted Answer

All of the other choices (fast-food breakfast, higher shelf prices, breakfast bars and low-carbohydrate diets) have been cited as reasons for the decline in sales of RTE cereal. However, the introduction of liquid breakfast drinks is a new category and cannot be considered a contributing factor to the decline in the consumption of RTE cereals.

Question 14

Four basic business and management practices are what matter-"what really works," to use the phrase of the researchers who studied more than 200 management tools and techniques.These are: (1)strategy; (2)__________; (3)culture;and (4)structure.

Accepted Answer

The four basic business and management practices that matter are: strategy, execution, culture, and structure. While quality, sustainability, and ethics are all important factors in business, they are not specifically mentioned in the context of what the researchers identified as the four key practices that lead to success. Charismatic leadership can be important, but it is not one of the four key practices identified by the researchers. Therefore, the best choice is C, execution.

Question 15

To overcome the problem that occurs during product development when consumers say one thing in a market research study and do another when facing a supermarket shelf,the Warm Delights team ran marketing experiments that involved all of the following EXCEPT:

Accepted Answer

The Warm Delights team did not keep the initial packaging, they actually experimented with different packaging designs during their marketing experiments.

Question 16

Reflecting on the research study of over 200 management tools and techniques,which of the following companies is an example of a firm that excels based on a performance-oriented culture?

Accepted Answer

The answer of Reflecting on the research study of over...

Question 17

When commenting about her challenges at General Mills,Vivian Milroy Callaway,says that __________ when looking for new-product opportunities for building a consumer packaged goods business like Big G.

Accepted Answer

Vivian Milroy Callaway mentioned that "sometimes you have to break the rules" when discussing new-product opportunities at General Mills, indicating the need for innovative and unconventional approaches.

Question 18

Four basic business and management practices are what matter-"what really works," to use the phrase of the researchers who studied more than 200 management tools and techniques.These are: (1)strategy; (2)execution; (3)__________;and (4)structure.

Accepted Answer

The four basic business and management practices are strategy, execution, culture, and structure. Culture is an essential component as it defines the organization's values, beliefs, and behaviors, which are vital in attracting and retaining employees, promoting innovation, and driving performance.

Question 19

Toyota is generally acknowledged as the best in the world in revolutionizing the design and manufacture of autos.Toyota managers created the doctrine of kaizen,or __________.

Accepted Answer

The doctrine of kaizen, which is associated with Toyota, means continuous improvement in all aspects of an organization. It involves everyone in the company working together to improve processes, products, services, and even themselves.

Question 20

Lockheed's Skunk Works is a leader in delivering world-class aircraft.About 50 engineers and designers and 100 expert machinists closely follow this guideline for organizational structure and implementation: use a small number of good people who

Accepted Answer

The answer of Lockheed's Skunk Works is a leader in...

Quiz 22: Pulling It All Together: the Strategic Marketing Process

In a five-year study,researchers conducted in-depth analysis of 160 companies and more than 200 management tools and techniques.What was their principal finding?

Reflecting on the research study of over 200 management tools and techniques,which of the following companies is an example of a firm that excels based on a "clearly stated,focused strategy?"

Recently,General Mills launched all of the following products EXCEPT:

Reflecting on the research study of over 200 management tools and techniques,which of the following companies is an example of a firm that excels based on its organizational structure?

Four basic business and management practices are what matter-"what really works," to use the phrase of the researchers who studied more than 200 management tools and techniques.These are: (1) __________; (2) execution; (3) culture;and (4) structure.

The launch of a new cereal typically costs up to $30 million and usually involves

Four basic business and management practices are what matter-"what really works," to use the phrase of the researchers who studied more than 200 management tools and techniques.These are: (1) strategy; (2) execution; (3) culture;and (4) __________.

Which of the following statements about the four basic business and management practices that researchers identified is most accurate?

The biggest strategic business unit (SBU) at General Mills is