In organizational strategy, what do we mean by ''stuck in the middle''? a) managers cannot simultaneously pursue a corporate-level and diversification strategy b) managers cannot simultaneously pursue a low-cost and differentiation strategy c) managers cannot simultaneously pursue a corporate-level and differentiation strategy d) managers cannot simultaneously pursue a low-cost and diversification strategy Page 242
NameSLVarma, Which of these do NOT define Michael Porter’s five forces model: a. The ability of the CEO and top managers to convey a compelling vision of what they want from the organization and their subordinates. Managers in all organization involve themselves in some kind of planning. What is one reason that is NOT important for planning? Sparsh Page 240 Page 230-231 C R Voigt, Oscar All of these are potential questions when identifying the threats of a corporation using the SWOT analysis, EXCEPT for: A. Increase in industry rivalry? B. Fall in barriers to entry? C. Strong product lines? D. Downturn in economic factors? Page 238 Which one of the following forces is NOT part of Michael Porter's The Five Forces Model? A. The level of rivalry in an industry B. The potential for new entrants Page 240 C Yudhiana, What type of planning that anticipates the multiple forecasts of future condition followed by an analysis of how to respond effectively to each of those conditions? Effective plans should have four qualities: unity, continuity, accuracy, and flexibility. Which quality plan means thatmanagers need to make every attempt to collect and use all available information in the planning process? Page 234 Page 231
Name S L Zhong, Xue The mission statement is a broad declaration of an organization’s mission and goals and how it differentiates itself from other competitors. The mission statement _____ is the overriding purpose for Walmart. a. we are dedicated to being the world’s best at bringing people together, giving them services they want and need— anytime, anywhere. b. provide competitive advantage to our customers through more efficient and timely exchange of information c. we are working on the lowest price, just for our valuable customers. d. we apply our considerable strength to get the best value for you. We are working hard to make our customers shopping easy. Page 236 To determine an organization’s mission, managers must first _____ so they can identify what kind of value customers are receiving. a. define its business b. be empowered c. discuss with the whole management d. spread out a questionnaire among management Page 235
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- Management, c. Global strategy