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Question
Which one of the following is an example of a standing plan?
A) a retail chain's plan to counter the entry of a new competitor
B) a plan developed to address a sudden, unanticipated surge in demand
C) a fire escape policy establishing practices to be followed in an emergency
D) a plan to cope with radical changes in the political environment
Answer
This answer is hidden. It contains 82 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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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
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In the BCG matrix, a ________ enjoys a high anticipated growth rate and a high market share.
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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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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 ________.
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In a short essay, explain strategic management and why it is important.
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A) least opportunity to build customer loyalty
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