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Strayer Bus302 quiz 4 (July 31, 2014)




Question 1;Companies can achieve growth mainly by ____.;Answer;shrinking the scope of their business;growing internally through direct expansion or creating new businesses;deleting all cash cows from their portfolios;only maintaining stars in their portfolios;Question 2;Imagine Dow Chemical is conducting a situational analysis. According to its sales, Dow is the second largest chemical company in the world. BASF is the largest. Both companies use a similar strategy. Within Dow's situational analysis, BASF would be classified as a ____.;Answer;cash cow;primary firms;unrelated firm;core firm;secondary firm;Question 3;The research on diversification in portfolio management indicates that the best approach is probably ____.;Answer;related differentiation;related diversification;unrelated diversification;repositioning;no diversification;Question 4;Which of the following organizations are most directly in competition with each other?;Answer;Kmart and Gap;a local flower shop and a grocery store that sells flowers;FedEx and UPS;an independent bookstore and a library;HBO and UPN television network;Question 5;An organization which is a ____ in terms of its adaptive strategy would NOT follow a consistent strategy.;Answer;defender;pioneer;analyzer;reactor;prospector;Question 6;From a competitive standpoint, ____ means that the strategic actions your company takes can probably be matched by your direct competitors.;Answer;market commonality;resource similarity;character of the rivalry;competitive inertia;competitive autonomy;Question 7;A(n) ____ resource is a resource that is not controlled or possessed by many competing firms.;Answer;rare;imperfectly imitable;nonsubstitutable;strategically dissonant;permanent;Question 8;When Clorox Corporation, a manufacturer of bleach and bleach-based cleaning products, acquired Kingsford Charcoal and Prime Choice brand steak sauce, it was an example of ____.;Answer;related differentiation;related diversification;an integrated acquisition;competency acquisition;unrelated diversification;Question 10;Resource similarity and ____ are factors that determine the extent to which firms will be in direct competition with each other.;Answer;market commonality;resource quality;related diversification;product differentiation;customer autonomy;Question 11;Companies often choose a ____ strategy when their external environment doesn't change much or after they have struggled with periods of explosive growth.;Answer;stability;growth;pioneering;portfolio;retrenchment;Question 12;The purpose of a ____ strategy is to turn around very poor company performance by shrinking the size or scope of the business.;Answer;growth;stability;retrenchment;maturity;repositioning;Question 13;A(n) ____ is a resource that is impossible or extremely costly or difficult for other firms to duplicate.;Answer;rare;imperfectly imitable;nonsubstitutable;strategically dissonant;Reliable;Question 14;Cost leadership, differentiation, and focus are the three types of ____ strategies discussed in the text.;Answer;grand;niche;positioning;restructuring;portfolio;Question 15;McDonald's uses a ____ strategy (a kind of grand strategy) as it increases its profits in France by offering uniquely French products such as Croque McDo, the McDonald's version of a popular French grilled sandwich.;Answer;growth;decline;retrenchment/recovery;repositioning;pioneering;Question 16;Unverferth Manufacturing makes agricultural equipment. It used finite element analysis (FEA) software to speed up the design cycle for its 12-row sub-soiler. Which aspect of the compression approach to innovation would the use of this software apply?;Answer;planning;supplier involvement;shortening the time of individual steps;multifunctional teams;functional isolation;Question 17;Organizational development ____.;Answer;requires a steering committee;takes a short-term approach to change;is a philosophy and collection of planned change interventions;assumes that top management support is not necessary for change;is accurately described by all of these;Question 18;The goals of the compression approach to innovation are ____.;Answer;speed, lower costs, and incremental change of dominant design;the development of milestones and the comparison of actual milestones with forecasts;the establishment of a dominant design and speed;absolute-time management and the creation of a dominant design;a matrix innovation process and a sustainable competitive advantage;Question 19;The ____ approach to managing innovation assumes that innovation is a predictable process made up of a series of steps and that compressing the time it takes to complete those steps can speed up innovation.;Answer;compression;milestones;dialectical;generational;prototypical;Question 20;Companies need to excel at managing ____ in order to successfully manage innovation streams.;Answer;the sources of innovation;innovation during synergistic change;reciprocity;environmental design issues;behavioral formality;Question 21;Kodak is a company associated with photography. The development of the digital camera forced Kodak into the innovation stream because the new imaging process was a(n) ____.;Answer;technological subtraction;technological discontinuity;process obsolescence;process addition;example of design advantage;Question 22;are workplace cultures in which workers perceive that new ideas are welcomed, valued, and encouraged.;Answer;Creative work environments;Innovative societies;Homogeneous work environments;Participative work teams;Empathetic work stations;Question 23;Nearly all technology cycles follow the typical ____ pattern of innovation.;Answer;W-curve;U-curve;bell-shaped;S-curve;V-shaped;Question 24;A(n) ____ is the individual who is formally in charge of guiding a change effort.;Answer;change ombudsman;staff moderator;change mentor;change agent;intrapreneur;Question 25;A technology cycle occurs whenever there are major advances or changes in the ____ in a field or discipline.;Answer;human, technical, and conceptual skills needed;structure or personnel requirements;internal resource environment;knowledge, tools, and techniques;way information is integrated;Question 26;When incremental improvements are made to a dominant technological design such that the improved version of the technology is fully backward compatible with the older version, ____ is said to have occurred.;Answer;a milestone;intuitive change;generational change;coercive change;discontinuous innovation;Question 27;Which of the following methods for managing resistance to change should only be used as a last resort or under crisis conditions?;Answer;mentoring;arbitration;negotiation;coercion;reinforcement modification;Question 28;When resistance to change is based on insufficient, incorrect, or misleading information, managers should use ____ as an approach to manage resistance.;Answer;education and communication;participation;negotiation;coercion;change manipulation;Question 29;Which of the following is one of the three steps in the basic process of managing organizational change outlined by Kurt Lewin?;Answer;unfreezing;organizational dialogue;change definition;incremental change;change mentoring;Question 30;A technology ____ begins with the birth of a new technology and ends when that technology reaches its limits and dies as it is replaced by a newer, substantially better technology.;Answer;process;pattern;cycle;hierarchy;continuum


Paper#30904 | Written in 18-Jul-2015

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