MGT 3303

Created by Bryankmcm 

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Planning is based upon

choosing a goal and developing a method or strategy to achieve that goal.

Benefits of planning

does none of these

pitfall of planning

a false sense of certainty based on faulty assumptions

SMART guidlines

Measurable

_____ is responsible for developing strategic plans

Top management

creation of tactical plans

middle managers

developing operations plans

lower-level managers

___ occurs when managers choose an alternative that is good enough

satisficing

...when other companies have trie unsuccessfully to duplicate the advantage and ______

those companies have for the moment stopped trying to duplicate the advantage

1st step in strategy making process is to

asses the need for strategic change

an organizations is experencing____ when it is reluctant to change strategies

competitive intertia

a _____ also called a SWOT analysis for strengths, weaknesses

situation analysis

the term ____ refers to the overal organizational strategy

coporate level strategy

the two major approcahes to coporate level strategy are____

grand strategies and portfolio strategies

the ___ is a portfolio strategy that managers use to categorize their corporations businees by growth rate and relative market share

BCG matrix

Positioning strategies by Michael porter are

focus, cost leadership, and differntiation

Home depot opened stores in canada

cost leadership

__ refers to the production of novel and useful ideas

creativity

Mcdonalds in long term, worldwide movement to change consumers perceptions

organizational change

____ is knowledge, tools, and techniques used to transform inputs into outputs

technology

a technology ____ begins with the birth of a new tech....

cycle

nearly all techonolgy cycles follow the typical_____ patter of innovation

S curve

____ is the phase of the techonolgy cycle characterized by technological subsitiion and design competition

discontinuous change

_____ are workpace cultures in which workers percieve that new ideas are welcomed

creative work envinronment

which of the following is an organization impediment to creativity in a work environment

all of these

the ____ approach to innovation assumes that innovation is occuring withing a highly uncertain environment

experiential

first step of managing innovation during discontinuous change

design iteration

the ___ approach to managing innovation assumes that inocation is a predictable process

compression

____ are an important part of both the compression approach and experiential approach to innovation

multifunctional teams

____ is a method investment in which a company builds a new business or buys an exsisting in a foreign country

direct foreign investment

several arab countrying boycott coke products because they distribute in israel

a trade barrier

tax on all steel imports in an effort to protect jobs

tariff

protectionism is the use of trade barriers to protect local companies

foreign compeitition

the trade agreement that represented the most signicant change to the regulations governing global trade during the 1990s was the___

WTO

main question to answer once a company goes global is

to what extent should the company stadardize or adapt business procedures

the multinational company that acts with ____ has offices, manufactoring plants in different countries with same rules and guidlines

global consistency

___ occurs when a company sells domestically produced products to customers in foreign countries

exporting

___ are both exampls of cooperative contracts

franchising and licensing

while___ emphasizes jobs and their authority relationships ___ emphasizes the activities through work gets done

organizational structure, organizational process

_____ departmentalization is defined as organzing work and workers into sperate units

funtional

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