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Question
First he was all about innovation. Next it was efficiency. Now Snyder's strategy is customer responsiveness. These changes in strategy are indicative of ________.
A) external force of change
B) internal force of change
C) marketplace force of change
D) economic force of change
Answer
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Related questions
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Kiva Systems, manufacturer of robots used in flexible automation systems, demonstrates the power of ________ by "teaching" its robots to dispose of used cardboard and to assist in gift wrapping for e-commerce warehouse fulfillment.
A) design thinking
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A retrenchment strategy is a short-run renewal strategy that helps an organization stabilize operations, revitalize organizational resources and capabilities, and prepare to compete once again.
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________ should be sold off or liquidated as they have low market share and low growth potential.
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B) Stars
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As smartphone cameras improved, consumers turned away from traditional cameras. Polaroid lost market share and finally realized their product was no longer desired. At that point, Polaroid would be considered a ________ in the BCG matrix.
A) question mark
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When Stratasys began making 3D printers in 1988, the future of this new invention was unknown but expected to grow. Stratasys was one of a handful of producers of these printers. According to the BCG matrix, Stratasys was a ________.
A) cash cow
B) question mark
C) dog
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In the BCG matrix, a ________ enjoys a high anticipated growth rate and a high market share.
A) question mark
B) star
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Q:
Joe's Hardware bought Moe's hardware on the other side of town. This is an example of ________.
A) backward integration
B) forward integration
C) lateral integration
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Q:
In a short essay, describe how managers can effectively plan when the external environment is continually changing.
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Qualitative data includes information about the number and cost of warranty work.
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Business intelligence is the same thing as competitor intelligence
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Environmental scanning involves monitoring the firm's pollution emissions.
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The ________ Act makes it a crime in the United States to engage in theft of a trade secret.
A) Sarbanes-Oxley
B) Patriot
C) Economic Espionage
D) Industrial Espionage
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A) threat until the patent expires
B) opportunity during the time of the patent protection
C) weakness because the patent cannot be renewed
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Q:
When an organization is analyzing its labor supply, it is studying its ________.
A) regulatory environment
B) internal environment
C) external environment
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Q:
In a short essay, explain strategic management and why it is important.
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Strategic management helps coordinate the efforts of all department and functional areas of an organization.
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A strategy defines how a company is going to make money.
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Strategic management involves only the planning function.
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Focusing on process development can lead to a successful cost leadership competitive strategy.
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What is a strategic disadvantage of being a first mover?
A) least opportunity to build customer loyalty
B) risk of competitors imitating innovations
C) no cost and learning benefit
D) no control over resources
Q:
A ________ firm uses both online and traditional stand-alone locations.
A) first mover
B) clicks-and-bricks
C) focuser
D) brick-and-mortar
Q:
An Internet-based knowledge management system that shortens customer response times would be an e-business technique that contributes to the competitive advantage of a ________.
A) cost leader
B) differentiator
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Q:
How can an organization develop strategic flexibility?
A) It should commit resources only after thorough planning.
B) It should ignore mistakes.
C) It should depend on tried and tested perspectives from senior employees.
D) It should have multiple alternatives when making strategic decisions.
Q:
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A) Strategic leadership
B) Strategic management
C) Strategic competence
D) Strategic flexibility