Question 1

Identify the adaptive strategy used by an organization you work for or have worked for.Be sure to describe how it used the strategy.

Accepted Answer

The organization I work for has used a c...

Question 2

A company is a single line of business cannot conduct a business portfolio analysis.

Accepted Answer

A) True 
 B)False

Question 3

An acquisition occurs when one business buys all or part of another business.

Accepted Answer

A) True 
 B)False

Question 4

Groups that participate in setting their objectives generally outperform groups with assigned objectives.

Accepted Answer

A) True 
 B)False

Question 5

A.Conduct a five-force competitive analysis,like that in Exhibit 4-4.
B.Complete a SWOT analysis.
1.SWOT analysis.
2.Determine the competitive advantage (if any)of your university/college or school/department.

Accepted Answer

A. Answers...

Question 6

Functional strategies include all of the following EXCEPT:

Accepted Answer

A)   growth.
B)   marketing.
C)   operations.
D)   finance.E) A) and B)
F) A) and C)

Question 7

Which growth strategy would you say is the most successful?

Accepted Answer

Answers will vary,but students...

Question 8

Which planning levels and their strategies are part of strategic planning?

Accepted Answer

Corporate- and busin...

Question 9

Critical success factors are what a firm does well.

Accepted Answer

A) True 
 B)False

Question 10

A conglomerate is an example of:

Accepted Answer

A)   forward integration.
B)   backward integration.
C)   related diversification.
D)   unrelated diversification.E) All of the above
F) A) and D)

Question 11

State the grand strategy for an organization you work for or have worked for.

Accepted Answer

The grand strategy for the organization ...

Question 12

__________ state exactly what should or should not be done.

Accepted Answer

A)   Policies
B)   Standing plans
C)   Procedures
D)   RulesE) A) and D)
F) C) and D)

Question 13

One difference between strategic planning and operational planning is:

Accepted Answer

A)   the time frame involved.
B)   their success rate.
C)   the effort involved.
D)   budgeted resources.E) A) and D)
F) A) and B)

Question 14

Scanning the environment is the process of comparing an organization's products or services and processes with those of other companies.

Accepted Answer

A) True 
 B)False

Question 15

A functional strategy is the operational plan for:

Accepted Answer

A)   managing multiple lines of businesses.
B)   managing one line of business.
C)   managing one area of a business.
D)   none of theseE) B) and C)
F) All of the above

Question 16

GM is trying to decide if it should expand its operations into manufacturing motorcycles.Which type of growth strategy would this be classified as?

Accepted Answer

A)   related diversification
B)   forward integration
C)   unrelated diversification
D)   backward integrationE) B) and C)
F) B) and D)

Question 17

Growth strategies are concentration,related and unrelated integration,and backward and forward diversification.

Accepted Answer

A) True 
 B)False

Question 18

A company situation analysis is used at the __________ level.

Accepted Answer

A)   corporate
B)   business
C)   functional
D)   departmentalE) None of the above
F) All of the above

Question 19

__________ is the process of comparing an organization's products or services and processes with those of other companies.

Accepted Answer

A)   Scanning the environment
B)   SWOT analysis
C)   Strategic planning
D)   BenchmarkingE) A) and B)
F) A) and C)

Question 20

"To earn a net profit of $1 million in 2011" is considered an effective objective.

Accepted Answer

A) True 
 B)False

Exam 4: Strategic and Operational Planning

Critical success factors are what a firm does well.

Correct AnswerverifiedShow Answer

State the grand strategy for an organization you work for or have worked for.

Correct AnswerAnswered by ExamLex AIThe grand strategy for the organization ...View AnswerShow Answer

Which growth strategy would you say is the most successful?

Correct AnswerverifiedAnswers will vary,but students...View AnswerShow Answer

__________ state exactly what should or should not be done.

Correct AnswerverifiedShow Answer

GM is trying to decide if it should expand its operations into manufacturing motorcycles.Which type of growth strategy would this be classified as?

Correct AnswerverifiedShow Answer

__________ is the process of comparing an organization's products or services and processes with those of other companies.

Correct AnswerverifiedShow Answer

Functional strategies include all of the following EXCEPT:

Correct AnswerverifiedShow Answer

A conglomerate is an example of:

Correct AnswerverifiedShow Answer

A company is a single line of business cannot conduct a business portfolio analysis.

Correct AnswerverifiedShow Answer

"To earn a net profit of $1 million in 2011" is considered an effective objective.

Correct AnswerverifiedShow Answer

Identify the adaptive strategy used by an organization you work for or have worked for.Be sure to describe how it used the strategy.

Correct AnswerAnswered by ExamLex AIThe organization I work for has used a c...View AnswerShow Answer

A.Conduct a five-force competitive analysis,like that in Exhibit 4-4. B.Complete a SWOT analysis. 1.SWOT analysis. 2.Determine the competitive advantage (if any)of your university/college or school/department.

Correct AnswerverifiedA. Answers...View AnswerShow Answer

A functional strategy is the operational plan for:

Correct AnswerverifiedShow Answer

One difference between strategic planning and operational planning is:

Correct AnswerverifiedShow Answer

An acquisition occurs when one business buys all or part of another business.

Correct AnswerverifiedShow Answer

Groups that participate in setting their objectives generally outperform groups with assigned objectives.

Correct AnswerverifiedShow Answer

Scanning the environment is the process of comparing an organization's products or services and processes with those of other companies.

Correct AnswerverifiedShow Answer

A company situation analysis is used at the __________ level.

Correct AnswerverifiedShow Answer

Growth strategies are concentration,related and unrelated integration,and backward and forward diversification.

Correct AnswerverifiedShow Answer

Which planning levels and their strategies are part of strategic planning?

Correct AnswerverifiedCorporate- and busin...View AnswerShow Answer

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The grand strategy for the organization ...
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Answers will vary,but students...
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Correct Answer
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The organization I work for has used a c...
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A. Answers...
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Correct Answer
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Correct Answer
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Corporate- and busin...
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