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Strategic Management

Beschreibung

Quiz am Strategic Management, erstellt von Clair Hat am 31/08/2016.
Clair Hat
Quiz von Clair Hat, aktualisiert more than 1 year ago
Clair Hat
Erstellt von Clair Hat vor etwa 8 Jahre
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Zusammenfassung der Ressource

Frage 1

Frage
The purpose of diversification is _______________________
Antworten
  • to allow the company to enter lines of business that are different from current operations.
  • to quit the current business and continue with the newly started business.
  • to change the business location.
  • to introduce substitute products in the existing market.

Frage 2

Frage
Market Penetration means ________________________
Antworten
  • market development/geographic expansion
  • aggressively targeting current markets with existing product specialties
  • dividing existing markets
  • modify existing products, or develop new but related products

Frage 3

Frage
From the following which is the example of Conglomerate diversification type?
Antworten
  • Coke acquires Minute Maid
  • Ford buys steel plant
  • GE diversifies into aircraft engines, medical imaging equipment, generators, nuclear reactors, finance
  • Avon’s move from Door-to-Door selling to selling its products by mail orders.

Frage 4

Frage
Economies of scope exist whenever _________________________
Antworten
  • there are cost economies from decreasing output across multiple products
  • there are cost economies fromdecreasing output of a single product
  • there are cost economies from increasing output of a single product and decreasing output of a multiple products
  • there are cost savings from using a resource in multiple activities carried out in combination rather than independently

Frage 5

Frage
Concentric merger is defined as ________________________________
Antworten
  • A merger in which the two companies are in the same general industry, but have no mutual buyer/customer or supplier relationship.
  • The merger of two companies that are in direct competition in the same industry and have similar products and markets
  • The merger of a customer and company or a supplier and company
  • The purchase of one company by another

Frage 6

Frage
Joint venture is defined as ____________________________
Antworten
  • Partnering a project with an existing overseas business to gain entry into a foreign market
  • Contractual arrangements that gives rights to operate under another’s trademark
  • Selling products or services directly to customers or indirectly through agents, distributors, or trading companies
  • Establishing a company’s own facility with direct supervision. High cost and risk of overseas subsidiary

Frage 7

Frage
From the following which is a drawback of Alliances?
Antworten
  • Shared risk
  • Shared knowledge & expertise
  • Synergy & competitive advantage
  • Distribution of earnings

Frage 8

Frage
Which of the following corporate strategy involves downsizing the company?
Antworten
  • Liquidation
  • Turnaround
  • Divestiture
  • Amalgamation

Frage 9

Frage
Find the Operations level strategy from the following:
Antworten
  • Responsible for determining which products to provide, how they will be packaged, how they will be advertised, where they will be sold and how they will get there and etc.
  • Responsible for systems processes that convert inputs into outputs.
  • Responsible for working with all the other functional departments in the areas of recruiting, selecting, training, evaluating, and compensating employees.
  • Research and development (R&D) is important to remaining competitive.

Frage 10

Frage
If a company decides to pursue new customers, new products & new geographic locations – Which type of integration strategy is this?
Antworten
  • Vertical Integration
  • Related Integration
  • Horizontal Integration
  • Unrelated Integration

Frage 11

Frage
According to Mintzberg’s Five P’s of Strategy, Ploy stands for _________________
Antworten
  • A consciously intended course of action
  • What worked in past can work in the future
  • Specific maneuvers to outsmart opponents
  • Influence of culture & collective thinking on organizational strategy

Frage 12

Frage
According to Strategic Planning Process, Which of the following is Phase 1?
Antworten
  • Formulation - Deciding best course of action to achieve organization objectives
  • Development - Performing environmental scanning (SWOT)
  • Implementation - Putting the strategy into action by driving it through the organization
  • Evaluation - Is the strategy working & meeting organizational objectives?

Frage 13

Frage
Competitive advantage means _______________________________
Antworten
  • creating an observable difference between products, services, and the way in which a business operates, relative to competitors
  • a corporate strategy to enter into a new market or industry which the business is not currently in, whilst also creating a new product for that new market.
  • allowing a company to expand into new end markets as well as provide a significant benefit to customers.
  • a characteristic, feature or opportunity that an organization possesses that will make it more attractive than its competitors

Frage 14

Frage
The term Mission referred as __________________________
Antworten
  • the desired long term, future state of the organization
  • it clearly show why the organization exists
  • the standard of behavior the organization sets for itself and its staff members
  • the operating philosophies or principles that guide an organization's internal conduct as well as its relationship with its customers, partners, and shareholders.

Frage 15

Frage
Defender’s strategy in the Public sector ______________________
Antworten
  • Find opportunities for change
  • Resist change
  • Changes only when forced
  • Scan the environment

Frage 16

Frage
Corporate Governance is referred as _____________________________
Antworten
  • a governing body to look after only the employee affairs of an organisation
  • the process of how financial strategic decisions are made and controlled
  • the process of how important strategic decisions are made and controlled in organizations
  • a governing body to care for only the legal affairs of an organisation

Frage 17

Frage
Which of the following is an external factor of corporate governance mechanism?
Antworten
  • Corporate Market Control
  • Audit Committees
  • Governing Board
  • Ownership Concentration

Frage 18

Frage
Find the service role of a Governing board
Antworten
  • Allocate resources for implementation
  • Representing organizational interests
  • Corporate control
  • Formulate & disseminate corporate goals & policies

Frage 19

Frage
Recycling program is a Value creation of
Antworten
  • Production
  • People
  • Profit
  • Planet

Frage 20

Frage
“Carbon Footprint” comes under which of the PESTLE element?
Antworten
  • Political
  • Economic
  • Environmental
  • Social

Frage 21

Frage
“Sophistication of customers” belongs to which of the Porter’s Diamond element?
Antworten
  • Factor Conditions
  • Related & Supported Industries
  • Demand Conditions
  • Strategy, Structure, & Rivalry

Frage 22

Frage
Which of the following is one of the vertical element of Porter’s Five forces model?
Antworten
  • competition from substitutes
  • competition from entrants
  • competition from established rivals
  • the power of customers.

Frage 23

Frage
_________________ is a product’s performance characteristics and attributes for which customers are willing to pay.
Antworten
  • Value
  • Price
  • Demand
  • Competitive Advantage

Frage 24

Frage
Market segments are _____________________
Antworten
  • the group of customers segmented based on age
  • the group of customers segmented based on location
  • the groups of customers with similar criteria for buying decisions and/or similar buying behaviors
  • the group of customers segmented based on income level

Frage 25

Frage
Lifestyle and personality of customers is segmented under which of the following segmented factor?
Antworten
  • Geographic factors
  • Psychological factors
  • Consumption patterns
  • Perceptual factors

Frage 26

Frage
One of the following is a support activity of Value chain. Find it.
Antworten
  • Inbound logistics
  • Operations
  • Outbound logistics
  • Human Resource Management

Frage 27

Frage
Distinctive competency means ____________________
Antworten
  • Something a company does well relative to its rivals.
  • Activities that an organization performs better than its other internal activities and that are most critical to competitiveness and profitability
  • Activities including external activities, which is beyond their capacity
  • Internal and external potential of an organisation

Frage 28

Frage
Reputation is an ____________________ resources of an organisation.
Antworten
  • Intangible
  • Tangible
  • Human
  • Technological

Frage 29

Frage
According to VRIO framework, R means _________________________
Antworten
  • Is the firm able to exploit an opportunity or neutralize an external threat with the resource/capability?
  • Is control of the resource/capability in the hands of a relative few?
  • Is it difficult to imitate, and will there be significant cost disadvantage to a firm trying to obtain, develop, or duplicate the resource/capability?
  • Is the firm organized, ready, and able to exploit the resource/capability?

Frage 30

Frage
According to (Hamel) Leveraging Core Competencies, Restructuring is which of the following Leveraging Capability?
Antworten
  • Being better
  • Being smaller
  • Being different
  • Being same

Frage 31

Frage
The _______________ has its own business strategy, objectives and competitors and these are often differ from parent company.
Antworten
  • Strategic Business Unit structure
  • Matrix structure
  • Divisional structure
  • None of given options

Frage 32

Frage
__________________ as the process through which economic and social value is extracted from knowledge through the generation, development, and implementation of ideas to produce new or improved strategies, capabilities, products, services, or processes.
Antworten
  • Discovery
  • Invention
  • Innovation
  • Development

Frage 33

Frage
_____________ is defined as Leveraging the variance between actual reality and perceived or assumed reality, which is one among the sources of innovation.
Antworten
  • New knowledge
  • The incongruity
  • Industry or market structure changes
  • Changes in perception, mood and meaning.

Frage 34

Frage
Establishing reliability of new processes is __________________ innovation.
Antworten
  • Product
  • Process
  • People
  • Production

Frage 35

Frage
Superior access to information and Overreacting to new information is _____________ type of market setting.
Antworten
  • Efficient
  • Production
  • Consumer
  • Trading

Frage 36

Frage
Low market penetration is ________________ evolutionary business cycle phase.
Antworten
  • Introduction
  • Growth
  • Maturity
  • Decline

Frage 37

Frage
“ What is the mission and vision of the company? ” is which level of strategy ?
Antworten
  • Business Level
  • Functional Level
  • Network Level
  • Corporate Level

Frage 38

Frage
____________ type of corporate level strategy is defined as “reduce size or diversity of operations, reduce staff, sell company assets or businesses, restructure debt”.
Antworten
  • Aggressive
  • Retrenchment
  • Maintenance
  • Renovation

Frage 39

Frage
Marketing, Finance, Human Resources, Operations, and R&D is concerned with coordinating ________________ Strategy.
Antworten
  • Global level
  • Functional level
  • Corporate level
  • Network Level

Frage 40

Frage
Relationships of a company with its competitors in the same industry is ___________ type of Network strategy.
Antworten
  • Upstream Vertical
  • Downstream Vertical
  • Indirect Horizontal
  • Direct Horizontal

Frage 41

Frage
______________ Global level market entry method is defined as “Partnering a project with an existing overseas business to gain entry into a foreign market”.
Antworten
  • Exporting
  • Licensing or Franchising
  • Foreign Direct Investment
  • Joint Venture

Frage 42

Frage
______________ is referred as Supply an identical product or service at lower cost.
Antworten
  • Cost Advantage
  • Price Advantage
  • Differentiation Advantage
  • Product Advantage

Frage 43

Frage
Offering unique features that fulfill the demands of a narrow market is ___________ type of Business level strategy.
Antworten
  • Differentiation - Broad range of products/services
  • Differentiation - Low range of products/services
  • Focus Strategy - Low Cost
  • Focus Strategy – Differentiation

Frage 44

Frage
_____________ is called Cost savings attributed to decreased fixed costs per unit when production & sales increase, which is one of the Business Level Strategy and Cost Advantage.
Antworten
  • Economies of Learning
  • Economies of Scale
  • Process Technology & Process Design
  • Cost cutting

Frage 45

Frage
From the following identify the final stage of Value chain Analysis.
Antworten
  • Compare costs by activity
  • Identify cost drivers
  • Identify cost saving opportunities
  • Identify linkages

Frage 46

Frage
Competition is irrelevant because the rules of the game are waiting to be set – which of the following market concept defines the above statement.
Antworten
  • Red ocean Strategy
  • Blue ocean Strategy
  • Green ocean Strategy
  • Black ocean Strategy

Frage 47

Frage
From the following _______________ factors determines the Intangible opportunities.
Antworten
  • Desires for status, exclusivity, individuality, image and security
  • Size, shape, color, weight, design,
  • Material & technology
  • Reliability, taste, speed, durability and safety

Frage 48

Frage
___________ is driven by a company’s opportunities for creating uniqueness in its offerings to customers.
Antworten
  • Demand differentiation
  • Supply differentiation
  • Value Creation
  • Cost advantage

Frage 49

Frage
A partitioned market according to characteristics of customers and their demand is called ____________________.
Antworten
  • Differentiation
  • Competitive advantage
  • Segmentation
  • Comparative advantage

Frage 50

Frage
Which of the following is not a “Influencers of Corporate Level Strategy”?
Antworten
  • Product Scope
  • Horizontal Scope
  • Vertical Scope
  • Geographical Scope
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