Part 1
Part 2
Part 3
Part 4
Part 5
100
What are the four elements of strategic management?
What is ? Environmental scanning ? Strategy formulation ? Strategy implementation ? Evaluation and control
100
Name the parts of the STEEP Analysis
What is The scanning of Sociocultural, Technological, Economic, Ecological, and Political-legal environmental forces
100
________ has proven to be the most enduring analytical technique used in strategic management.
What is SWOT analysis
100
______ is said to exist for a divisional corporation if the return on investment (ROI) of each division is greater than what the return would be if each division were an independent business.
What is Synergy
100
________ is the end result of activity.
What is Performance
200
_______ is the approach taken by a functional area to achieve corporate and business unit objectives and strategies by maximizing resource productivity
What is Functional strategy
200
High/ Medium/ Low priorities have to do with the ______
What is issues priorities matrix
200
The ______ of a company is where it meets customers’ needs in a way that rivals can’t, given the context in which it competes.
What is strategic sweet spot
200
The matrix change addresses the following 4 types of questions
What is Feasibility ?Sequence of execution Location Stakeholder evaluations
200
_________ emphasize resources, such as knowledge, skills, abilities, values, and motives of employees.
What is Input controls
300
What are the 3 characteristics of strategic decisions?
What is 1. Rare 2. Consequential 3. Directive
300
The factors that tend to determine whether an industry will be primarily multidomestic or primarily global are:
What is 1. Pressure for coordination within the MNCs operating in that industry 2. Pressure for local responsiveness on the part of individual country markets To the extent that the pressure for coordination is strong and the pressure for local
300
TOWS is interchangeable with ______
What is SWOT
300
What are the five stages to the organizational life cycle?
What is birth growth maturity decline death
300
__________ can be defined as the present value of the anticipated future stream of cash flows from the business plus the value of the company if liquidated. Arguing that the purpose of a company is to increase shareholder wealth, shareholder value analysis concentrates on cash flow as the key measure of performance.
What is Shareholder value
400
name the four forces in the societal environment
What is a. Economic b. Technological c. Political–legal d. Sociocultural
400
what are the three steps to the issues priorities matrix?
What is 1. Identify a number of likely trends emerging in the natural, societal, and task environments. These are strategic environmental issues—those important trends that, if they occur, determine what the industry or the world will look like in the near future. 2. Assess the probability of these trends actually occurring, from low to medium to high. 3. Attempt to ascertain the likely impact (from low to high) of each of these trends on the corporation being examined.
400
The three risks of generic competitive strategies are:
What is Risk of cost leadership Risk of differentiation Risk of focus
400
In ______, functional and product forms are combined simultaneously at the same level of the organization.
What is matrix structures
400
________ are income statements and balance sheets in which the dollar figures have been converted into percentages.
What is Common-size statements
500
What are the 5 responsibilities of the board of directors?
What is 1. Setting corporate strategy, overall direction, mission, or vision 2. Hiring and firing the CEO and top management 3. Controlling, monitoring, or supervising top management 4. Reviewing and approving the use of resources 5. Caring for shareholder interests
500
A _______ is a category of firms based on a common strategic orientation and a combination of structure, culture, and processes consistent with that strategy.
What is strategic type
500
A _____ is a specific operating plan that details how a strategy is to be implemented in terms of when and where it is to be put into action.
What is tactic
500
A newer and somewhat more radical organizational design, the ___________ is an example of what could be termed a “non-structure” because of its virtual elimination of in-house business functions. Many activities are outsourced. A corporation organized in this manner is often called a ________ because it is composed of a series of project groups or collaborations linked by constantly changing nonhierarchical, cobweb-like electronic networks.
What is network structure; virtual organization
500
What are the 5 steps of basic financial analysis?
What is 1. Scrutinize historical income statements and balance sheets: These two basic statements provide most of the data needed for analysis. Statements of cash flow may also be useful. 2. Compare historical statements over time if a series of statements is available. 3. Calculate changes that occur in individual categories from year to year, as well as the cumulative total change. 4. Determine the change as a percentage as well as an absolute amount. 5. Adjust for inflation if that was a significant factor.
M
e
n
u