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UOP STR581 week 5 knowledge check quiz




1.;This is concerned with tracking a strategy as it is being implemented, detecting problems or changes in its underlying premises, and making necessary adjustments.;Hint;A.;Strategy evaluation;B.;Strategic implementation;C.;Strategic control;D.;Strategic decision-making;Strategic surveillance must be kept;Hint;A.;as focused as possible;B.;as unfocused as possible;C.;as fast as possible;D.;internal;3.;This, called kaizen in Japanese, is the process of relentlessly trying to find ways to improve and enhance a company's products and processes from design through assembly, sales, and service.;Hint;A.;CCC21;B.;Incremental innovation;C.;Continuous improvement;D.;Six Sigma;4.;CCC21 stands for;Hint;A.;competitive cost competency in the 21st century;B.;construction of cost competitiveness for the 21st century;C.;cost chain competition for the 21st century;D.;continuous cost competitiveness in the 21st century;2 attempts left.;5.;The DMAIC (define, measure, analyze, improve, and control) process is relevant to;Hint;A.;CCC21;B.;balanced scorecard;C.;strategic matrix analysis;D.;Six Sigma;6.;This idea factor involves following demographic and other broad trends and trying to develop ideas that may be relevant and useful.;Hint;A.;Mental invention;B.;Trend following;C.;Market research;D.;Solution spotting;7.;While these may under perform established products in mainstream markets, they often offer features or capabilities appreciated by some fringe customer group.;Hint;A.;Throughput technologies;B.;Acquired innovations;C.;Disruptive innovations;D.;Lagging innovations;8.;These are also referred to as crowdsourcing or open innovation.;Hint;A.;Ideagoras;B.;Disruptors;C.;Sustainers;D.;Golddiggers;9.;Short-term objectives are usually;Hint;A.;completed within 2 months;B.;quantitative;C.;qualitative;D.;set to be completed within 5 years;10.;Short-term objectives assist strategy implementation by identifying measurable outcomes of action plans or functional activities, which can make feedback, correction, and evaluation;Hint;A.;more relevant and acceptable;B.;more expensive;C.;more difficult;D.;more geared toward growth;11.;Discussion about and agreement on short-term objectives help raise issues and potential conflicts within an organization that usually;Hint;A.;need little coordination;B.;require additional personnel;C.;focus on public relations;D.;require organizational coordination;12.;Key, routine activities that must be undertaken in each department of the organization are;Hint;A.;business tactics;B.;resource tactics;C.;functional tactics;D.;corporate tactics;13.;In which type of strategy do functional tactics translate into action designed to accomplish specific short-term objectives?;Hint;A.;Corporate strategy;B.;Grand strategy;C.;Operational strategy;D.;Tactical strategy;14.;A leader?s vision should be;Hint;A.;varied;B.;complex;C.;simple;D.;long;15.;The effort to familiarize future leaders with the skills important to the company and to develop exceptional leaders among the managers you employ is;Hint;A.;identifying an action plan;B.;education and leadership development;C.;developing principles;D.;creating passion;16.;Organizational culture includes important assumptions shared by members of the organization. These assumptions are often;Hint;A.;very similar to all other organizations in that industry;B.;very obvious to outsiders;C.;unstated;D.;formalized;17.;Power Fund is a long-standing brokerage firm with a great history of high returns and well-managed growth. The managers at Power Fund repeatedly refer to terms like quality, growth, and reliability in the firm's advertisements. This demonstrates managers;Hint;A.;dissemination of stories and legends about core values;B.;emphasis on key themes or dominant values;C.;building time into the organization;D.;managing the firm globally;18.;These create differences across national boundaries that influence how people interact, read personal cues, and otherwise interrelate socially.;Hint;A.;Values;B.;Religions;C.;Social norms;D.;Educations


Paper#25981 | Written in 18-Jul-2015

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