Organizational Strategy
Exam Materials
Course Introduction
Organizational Strategy explores the processes by which organizations develop, implement, and assess strategies to achieve long-term objectives and maintain competitive advantage. The course covers key strategic management frameworks, tools for industry and competitor analysis, and the alignment of resources in a dynamic environment. Students examine real-world case studies, learn to analyze internal and external factors affecting organizations, and develop critical thinking skills to formulate and execute effective business strategies in both domestic and global contexts.
Recommended Textbook
Strategic Management and Business Policy 13th Edition by Thomas L. Wheelen
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12 Chapters
1260 Verified Questions
1260 Flashcards
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Chapter 1: Basic Concepts in Strategic Management
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109 Verified Questions
109 Flashcards
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Sample Questions
Q1) The development of long-range plans for the effective management of environmental opportunities and threats in light of corporate strengths and weaknesses is known as
A)strategy formulation.
B)strategy implementation.
C)strategy control.
D)strategy development.
E)strategy evaluation.
Answer: A
Q2) A large, multidivisional business has three levels in its hierarchy of strategy:
A)Corporate -- Business -- Functional.
B)Environmental -- Corporate -- Functional.
C)Environmental -- Enterprise -- Corporate.
D)Business -- Divisional -- Functional.
E)Industry -- Corporate -- Divisional.
Answer: A
Q3) A budget is a statement of a corporation's programs in terms of dollars.
A)True
B)False
Answer: True
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Chapter 2: Corporate Governance
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97 Flashcards
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Sample Questions
Q1) All of the following are true of the dual chair/CEO position EXCEPT
A)it is being increasingly criticized because of the potential for conflict of interest.
B)it endangers the ability to properly oversee top management.
C)it is separated by law in Germany, the Netherlands, and Finland.
D)it is more popular in American corporations than firms in the UK.
E)firms with a dual chair-CEO role have significantly better stock performance.
Answer: E
Q2) Under what circumstances does a DIRECT interlocking directorate exist?
A)When both management and the board establish corporate strategic management.
B)When a corporation's employees are included on its board.
C)Occurs when one or more individuals on one board also serve on a board of a second firm.
D)When all board members are also employed by the corporation.
E)When two corporations have directors who serve on the board of a third firm.
Answer: C
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4
Chapter 3: Ethics and Social Responsibility in Strategic Management
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Sample Questions
Q1) Blindly following orders reflects which type of moral relativism?
A)naive relativism
B)role relativism
C)principled relativism
D)cultural relativism
E)social group relativism
Answer: B
Q2) The first step in stakeholder analysis is to
A)identify primary stakeholders.
B)monitor what all the stakeholders want.
C)identify the stakeholders with an indirect stake in the corporation.
D)estimate the effect on each stakeholder group from any particular strategic decision.
E)identify the influence of each stakeholder group.
Answer: A
Q3) The justice approach to ethics proposes that actions and plans should be judged by their consequences.
A)True
B)False
Answer: False
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Chapter 4: Environmental Scanning and Industry Analysis
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116 Flashcards
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Sample Questions
Q1) An entry barrier is an obstruction that makes it difficult for a company to enter an industry.
A)True
B)False
Q2) Corporations that lack a consistent strategy-structure-culture relationship reflect which strategic orientation?
A)initiators
B)reactors
C)analyzers
D)prospectors
E)defenders
Q3) McDonald's and Olive Garden are in the same strategic group.
A)True
B)False
Q4) Reactors are companies with a limited product line that focus on improving the efficiency of their existing operations.
A)True
B)False
Q5) Describe the four strategic types of the Miles and Snow typology.
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Chapter 5: Internal Scanning and Organizational Analysis
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109 Flashcards
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Sample Questions
Q1) What is the attribute of corporate culture that is the degree to which members of a unit accept the norms, values, or other culture content associated with the unit?
A)integration
B)strength
C)intensity
D)coordination
E)unity
Q2) What are the two distinct attributes of corporate culture?
A)differentiation and integration
B)durability and imitability
C)concern for people and concern for task
D)intensity and integration
E)amount of complexity and tolerance of change
Q3) Using concurrent engineering, Chrysler Corporation was able to reduce its product development cycle from 60 to 36 months.
A)True
B)False
Q4) Discuss the two characteristics that determine the sustainability of a firm's distinctive competency.
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Chapter 6: Strategy Formulation: Situation Analysis and Business Strategy
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104 Verified Questions
104 Flashcards
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Sample Questions
Q1) Which defensive tactic is used by Coca Cola with their offering of unprofitable noncarbonated beverages to keep competitors off store shelves?
A)guerilla warfare
B)lower the inducement for attack
C)encirclement
D)raise structural barriers
E)increase expected retaliation
Q2) The text authors note that the essence of strategy is
A)opportunity divided by capacity.
B)strength divided by opportunity.
C)threat divided by capacity.
D)threat divided by opportunity.
E)opportunity divided by threat.
Q3) Business strategy is composed of
A)corporate and competitive strategy.
B)functional and divisional strategy.
C)competitive and cooperative strategy.
D)corporate and cooperative strategy.
E)divisional and competitive strategy.
Q4) What are cooperative strategies?
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Chapter 7: Strategy Formulation: Corporate Strategy
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103 Verified Questions
103 Flashcards
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Sample Questions
Q1) Discuss the three general orientations comprising directional strategy?
Q2) Corporate parenting views the corporation in terms of resources and capabilities that can be used to build business unit value as well as generate synergies across business units.
A)True
B)False
Q3) Which kind of corporate strategy deals with the manner in which the firm coordinates activities and transfers resources and cultivates capabilities among product lines and business units?
A)portfolio strategy
B)directional strategy
C)parenting strategy
D)cooperative strategy
E)functional strategy
Q4) Synergy is the concept that two businesses will generate more profits together than they could separately.
A)True
B)False
Q5) Define corporate parenting.
Q6) Why is growth a very attractive strategy?
Page 9
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Chapter 8: Strategy Formulation: Functional Strategy and Strategic Choice
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Sample Questions
Q1) A company which has previously found great success pioneering an extremely successful product that is presently trying to turn another "long-shot" into a likely success would be an example of which strategy to avoid?
A)follow the leader
B)hit another home run
C)arms race
D)do everything
E)losing hand
Q2) Give an example of a technological leader and a technological follower.
Q3) If a company wishes to be a technological follower and also pursue a differentiation strategy, the appropriate R&D strategy would be to
A)adapt the product or delivery system more closely to buyer needs by learning from the leader's experience.
B)value activities by learning from the leader's experience.
C)avoid R&D costs through imitation.
D)create low-cost ways of performing value activities.
E)innovate in other activities to increase buyer value.
Q4) Distinguish between a market development and a product development strategy.
Q5) What is a functional strategy?
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Chapter 9: Strategy Implementation: Organizing for Action
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109 Verified Questions
109 Flashcards
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Sample Questions
Q1) An external block preventing a corporation from moving from one stage to another is A)unfavorable economic conditions.
B)strategic myopia.
C)organizational inflexibility.
D)lack of operating efficiency.
E)lack of managerial resources.
Q2) Job enlargement is the movement of workers through several jobs to increase variety.
A)True
B)False
Q3) The use of SBUs may result in a red tape crisis in which the corporation has grown too large and complex to be managed through formal programs and rigid systems and procedures take precedence over problem-solving.
A)True
B)False
Q4) What is reengineering? What are the principles for reengineering proposed by Michael Hammer?
Q5) Discuss Chandler's conclusion concerning strategy.
Q6) Discuss the five stages of international development.
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Chapter 10: Strategy Implementation: Staffing and Directing
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Sample Questions
Q1) Which of the following practices was not identified by Black and Gregersen in companies that do a good job of managing foreign assignments?
A)When making international assignments they focus on transferring knowledge and developing global leadership.
B)They offer foreign assignments to people whose technical skills are matched or exceeded by their cross-cultural abilities.
C)They offer assignments to those who want to return home early to share their experiences.
D)They end foreign assignments with a deliberate repatriations process with career guidance.
E)They end foreign assignments with a deliberate repatriation process with jobs where the employees can apply what they learned in their assignments.
Q2) According to the text, the process of replacing a key top manager is called
A)executive succession.
B)executive placement.
C)executive strategy.
D)executive search.
E)executive outside succession.
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Chapter 11: Evaluation and Control
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Sample Questions
Q1) An advantage of ROI as a measure of performance is that
A)it is sensitive to book value.
B)it provides an incentive to use existing assets efficiently.
C)the time span of concern is short range.
D)the business cycle strongly affects ROI performance often despite managerial performance.
E)it is very sensitive to depreciation policy.
Q2) RFID
A)is radio frequency identification.
B)is an electronic tagging technology.
C)reduces losses from counterfeiting.
D)is used as wireless computer passes for toll roads.
E)all of the above
Q3) The revenue center is measured in terms of efficiency.
A)True
B)False
Q4) ROI stands for return on incentives.
A)True
B)False
Q5) Distinguish between behavior and output controls.Provide examples of each.
Page 13
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Chapter 12: Suggestions for Case Analysis
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Sample Questions
Q1) The debt to asset ratio measures the extent to which borrowed funds have been used to finance the company's assets.
A)True
B)False
Q2) The public interest rate is the rate of interest banks charge on their lowest risk loans.
A)True
B)False
Q3) To adjust for general inflation, what index does the text suggest?
A)Dow-Jones Industrial Average
B)New York Stock Exchange Index
C)Wilshire 500 Equity Index
D)Consumer Price Index
E)NASDAQ Series
Q4) The quick ratio is also known as the
A)key profitability ratio.
B)acid test.
C)EPS.
D)asset turnover.
E)key activity ratio.
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