Ctrl + F is the shortcut in your browser or operating system that allows you to find words or questions quickly.
Ctrl + Tab to move to the next tab to the right and Ctrl + Shift + Tab to move to the next tab to the left.
On a phone or tablet, tap the menu icon in the upper-right corner of the window; Select "Find in Page" to search a question.Share Us
Sharing is Caring
It's the biggest motivation to help us to make the site better by sharing this to your friends or classmates.
A comprehensive course that equips individuals with the knowledge and skills to develop and execute effective business strategies, and competitive advantage.
They are the end users of the products and services that the companyoffers.
Which of the following is not a major attribute of strategic intent?
In the Directional Policy Matrix, the horizontal axis is defined as__.
A self-contained division that provides a product or service for a particular market.
Selecting strategies based on analysis of an organization's external and internal environment.
Strategy formulation tackles the__and _________of the activities of the organization.
The quality of the objectives can be judge on the basis of its ability to give scientific direction.
Which of the following is the third step in strategy formulation?
Which is in a proper order?
This promise high returns so reinvest heavily to defend market share and position.
It is a method or plan chosen to bring about a desired future, such as achievement of a goal or a solution to a problem.
Without a perfect foresight, the firms must be ready to deal with the uncertain events which constitute the business environment.
Which is not belong in the group?
The action stage of strategic management is called strategy formulation.
________________is used when a company is primarily focused on its domestic operations. It does not intend to expand globally but does export some products to take advantage of international opportunities.
It is the 1+1=3 process. Two companies agree to work together in a particular market, either geographic or product, and create a third company to undertake this.
Weaknesses stands for a major unfavorable situation in the firm’s environment or an impediment to the firm’s current and/or desired future position.
The translation of the strategy into action takes place here, and it details the firm's competitive tactics and initiatives.
Strategy Evaluation is where the organization’s mission, objectives, and strategies are defined and set.
Strategic objectives should not be communicated to the employees to protect the important information.
Organizations need to set adequate and appropriate objective to cover all performance areas.
It is a model that identifies and analyzes five competitive forces that shape every industry and helps determine an industry's weaknesses and strengths.
It is the framework used to evaluate a company's competitive position and todevelop strategic planning.
Only verifiable objectives can be meaningfully used in strategic management.
It is the methodical evaluation of the key internal features of an organization and recognizes and assesses resources, capabilities, and core competencies.
____________is used when a company treats the whole world as one market with little meaningful variation. The assumption is that one product can meet the needs of people everywhere.
Technological advancement can create new__ advantages that are more powerful than existing advantages.
Strategy is concerned with both thought and actions. While policy is concerned mostly with action.
When an organization assumes success, it often fails to rewardsuccess. When failure occurs, then the firm may punish.
_____________________is where you buy the land, build the facility and operate the business on an ongoing basis in a foreign market.
It can be defined as a group of techniques that assist strategists in making strategic decisions regarding individual products or businesses in a firm’s portfolio.
__deals with acquisition of resources with which organizational goals can be achieved.
Policy should be__________ or else it will lead to indecisiveness and uncertainty in minds of those who look into it for guidance.
________________ is used when a company faces significant cost pressure from international competitors but must also offer products that meet local customer needs.
Both an Art and science of formulating, implementing, and evaluating, cross-functional decisions that facilitate an organization to accomplish its objectives.
__is a particularly useful strategy in those markets where the culture, both business and social, is substantively different than your own as local partners bring local market knowledge, contacts and if
_____________customizes products or processes to the specific conditions in each country.It tailors the product selection, payment methods, and marketing to the values and regulations in each country where it operates.
Statement of how employees should conduct themselves and their business to help achieve the company mission.
People know that power relationships are a key reality in organizational life.In many enterprises, if the top manager begins to advocate one alternative,the decision to choose it is soon unanimous.
Demographic and psychographic factors are the primary indicators considered in defining the organization’s target market.
Creating competitive advantage through effective management of the strategy-making process.
In these circumstances the company should certainly consider making available resources in excess of what the product can generate.
Strategy deals with long term developments rather than short-term operations.
When companies decide to compete internationally, they should automatically use the same strategies that they used in local markets.
Its four-quadrant framework indicates whether aggressive, conservative, defensive, or competitive strategies are most appropriate for a given organization.
It focuses on providing a product or service that is perceived as being unique and hard to replicate.
It is the 1+1=3 process. Two companies agree to work together in a particular market,either geographic or product, and create a third company to undertake this.
A policy is what is, or what is not done. While a strategy is the methodology used to achieve a target as prescribed by a policy.
Who are the individuals who are most responsible for the success or failure of an organization?
It is the dream of the business and an inspiration, base for the planning process.
It means the ratio of the business’s market share divided by the market share of the largest competitor in that market and provides a basis for comparing the relative strengths of different businesses in the portfolio.
Feedback plays a very important role in the evaluation stage, providing the strategists with insights on how the implemented strategies are faring.
A statement, that provides a perspective of the means, which will lead the organization, reach the vision in the long run.
It implies the process of critically examining the factors that highly influence the business, as all the factors identified in the previous step effects the entity with the same intensity.
When someone has achieved status, privilege, or self-esteem through effectively using an old system, he or she often sees a new plan as a threat.
It has vital role in businesses by indicating current and potential opportunities or threats outside the company in its external environment.
The systematic analysis of the factor associated with customers and competitors and the organization itself to provide the basis for maintaining optimum management practices.
___________ is the domain that the business hopes to dominate.
It is designed to help potential shareholders and investors understand the purpose of the company.
It refers to the actions that managers have to take or do in order to ensure that what has been set in the objective can be achieved.
What are the Five (5) factors that support strategy implementation?
This level outlines what you want to achieve: growth, stability, acquisition or retrenchment. It focuses on what business you are going to enter the market.
Strategy is derived from the Greek word strategos, meaning military leader or general.
According to __, strategy is organisation‘s pattern of response to its environment over a period of time to achieve its goals and mission.”
What can be defined as the art and science of formulating, implementing and evaluating cross-functional decisions that enable an organization to achieve its objectives?
It is the framework used to evaluate a company's competitive position and to develop strategic planning.
It must be visible to everyone, and clearly identify how the departments, divisions, units and sections are organized, with the lines of authority and accountability clearly established.
If you have a particularly interesting and unique product or service that you sell to large domestic firms that are currently involved in foreign markets you may want to approach them to see if your product or service can be included in their inventory for international markets.
In this, some investments may be justified but major investments should be made with extreme caution.
It is an economic term describing the existence of high start-up costs or other obstacles that prevent new competitors from easily entering an industry or area of business.
It states that Strategic Intent is differentiated because here in this case the employees are allied and they are convinced about the concept of Strategic Intent.
Anything that a firm does especially well compared to rival firms is referred to as?
It describe what an organization excels at and what separates it from the competition.
It is time-based measurable actions, which help in the accomplishment of goals.
The mission statement answer which question?
It is the degree to which the company is able to use the same products and methods in other countries.
Which is not an element of Strategy Formulation?
Some organization do not engage in strategic planning because managers and employees show no support.
It is a strategy which focuses on reducing the costs involved in providing a product or service.
Strategy provides some framework for guiding organizational thinking and action.
It refers to factors that have the potential to harm an organization.
What are the Steps Involved in Environmental analysis?
This level answers the question of how you are going to compete.
Who are the individuals who are most responsible for the success or failure of anorganization?
Implementing strategy means mobilizing employees and managers to put formulated strategies into action.
__is as significant as strategy formulation because it throws light on the efficiency and effectiveness of the comprehensive plans in achieving the desired results.
This does not imply that a policy should be altered always, but it should be wide in scope so as to ensure that the line managers use them in repetitive/routine scenarios.
Strategy must be uniform enough so that it can be efficiently followed by the subordinates.
Strategy provides overall framework for guiding organizational thinking and action.
Particular to companies that provide services such as environmental consulting, architecture, construction and engineering.
Have a potential to be stars if successfully developed.
Comes from the Greek word "strategos", which refers to a military general.
This addresses the management or leadership in force within the organization, from top management to the team leaders and managers in the smaller units.
It refers to the projected rate of sales growth for the market that a particular business caters to.
Employees without__ are worthless resources to the organization.
The quality of the objectives can be judged on the basis of its ability to give specific direction and tangible basis for evaluating the performance.
It is described as the "Long-term Market or Competitive Position"
It is a tool that can be used to determine what priorities should be given in the product portfolio of a business unit.
Which is an element of strategy Implementation?
What are the three major components in Strategic Management?
People may be uncertain of their abilities to learn new skills, of their aptitude with new systems, or of their ability to take on new roles.
This is done to estimate the degree of variation between the actual and the standard performance of an organization.
In the Directional Policy Matrix, the vertical axis is defined as__.
Putting Strategy into action.
It is an objective that seeks to attain in reality.
It represents what the organization must achieve in order for it to become competitive – or to remain competitive – and ensure sustainability of thebusiness over the long term.
It is an analytical process of selection of the best suitable course ofaction to meet the organizational objectives and vision.
Igor Chandler is the Father of Strategic Management.
Some firms do not do strategic planning because some may think that if a firm is successful, individuals may feel there is no need to plan because things are fine as they stand.
Policy must be unambiguous. It should avoid use of jargons and connotations.
Identification of key strengths and weaknesses of the firm helps in narrowing down the choice of alternatives and choosing a strategy.
Strategic Management serves as a foundation for all key decisions of the firm.
It refers to favorable external factors that could give an organization a competitive advantage.
It refers to the actions that managers have to take or do in order toensure that what has been set in the objective can be achieved.
Short-term milestones that organizations must achieve to reach long-term objectives.
A vision statement answers the question__.
Johnson and Scholes three ways in strategies selection.
It is an involved, intricate, and complex process that takes an organization into uncharted territory.
Need very little capital expenditure but return high levels of cash income. Can be used to finance the stars.
Investment should be made to allow the product to grow with the market.
When someone has achieved status, privilege, or self-esteem througheffectively using an old system, he or she often sees a new plan as a threat.
Enumerate the Porter's Five Forces. Competition in the Industry, Potential of New Entrants Into an Industry, Power of Suppliers, Power of Customers, Threat of Substitutes
__viewed that in developing strategy, it was essential to systematically anticipate future environmental challenges to an organization, and draw up appropriate strategic plans for responding to these
SWOT stands for ?
It is the areas in the business that needs to improve to remain competitive.
Strategy Implementation ensures the long-term survival of the firm while coping with competition and surviving the dynamic environment.
__works well for firms that have a repeatable business model (eg. food outlets) that can be easily transferred into other markets.
It seeks to explain the business undertaken by the firm, with respect to the customer needs, target audience, and alternative technologies.
This level concentrates on how an organization is going to grow. It defines daily actions including allocation of resources to deliver corporate andbusiness level strategies.
He defines strategy as a creation of a unique and valued position involving a different activity from rivals or performs similar activities in different ways.
Strategy provides some framework for guiding organizational thinkingand action.
This takes Strategic Intent to an all-together new level by including the employee's emotions with the organization aspirations.
It states that, there should be a clear indication and guide on how the main activities or operations of the business are carried out.
Which is not a Pitfall in Strategic Planning?
Goals are the end results that the organization attempts to achieve.
Because of their low market share these businesses are often expected tohave a higher cost structure than industry leaders. What is this?
Set of related actions that managers take to increase their company's performance.
It refers to selling directly into the market you have chosen using in the first instance your own resources.
To keep up this site, we need your assistance. A little gift will help us alot.Donate
- The more you give the more you receive.Related Subject
Initiating Major Organizational Shifts
Emergency and Disaster Management
Strategic Business Analysis
Strategy Management and Acquisition
Society and Culture with Family Planning
Principles of Management
Fundamentals of Nursing Practice
Barber Shop Business Plans
Social Media Specialist
Social Media Communications and Marketing
Fundamentals of Business Analytics
Fundamentals of Accounting Theory and Practice
Logic and Critical Thinking
Community Engagement Solidarity and Citizenship
Small Business Management
Real Estate Appraisal and Property Management
New Market Development
Intellectual Property Stocks
Art and Design
Web Enhanced Animation Graphics
Science Technology and Society
Human Behavior in Organization
System Analysis Design and Development
Modeling and Simulation
Quality Assurance Testing
Special Topics in Financial Management
Risk Management Applied to Safety Security and Sanitation
Human Resource Management
Nursing: Registered Nurse
Health Care Office Manager
The Teacher and the Community School Culture and Organizational Leadership
Training and Development
National Service Training Program
National Service Training Program 2
Social and Professional Issues
Public Safety Dispatcher
Professional Ethics in Information Technology
Shopee 3D Floor
Lazada Smart TV Box