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Question
Which of the following factors is a sociocultural component of an organization's external environment?
A) Most of the firm's customers have at least one year of college.
B) The government of the country holds elections whenever confidence in the current regime falters.
C) Over time, society has become more accepting of alternative lifestyles.
D) The average number of hours worked per year is increasing.
Answer
This answer is hidden. It contains 96 characters.
Related questions
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Every fast food hamburger restaurant chain wants you to believe their product is the best because it is stored or prepared uniquely. Each of these is pursuing a ________.
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B) differentiation strategy
C) focus strategy
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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.
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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
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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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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
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When an organization is analyzing its labor supply, it is studying its ________.
A) regulatory environment
B) internal environment
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In a short essay, explain strategic management and why it is important.
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Strategic management involves only the planning function.
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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
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Q:
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B) clicks-and-bricks
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How can an organization develop strategic flexibility?
A) It should commit resources only after thorough planning.
B) It should ignore mistakes.
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D) It should have multiple alternatives when making strategic decisions.
Q:
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A) Strategic leadership
B) Strategic management
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D) Strategic flexibility