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5 Written questions

5 Matching questions

  1. Barriers to Good Decisions
  2. Concentric diversification
  3. Questions to ask in strategic planning
  4. BCG Matrix
  5. T. O. W. S. Analysis
  1. a corporate strategy moving into new businesses that relate to the original core business.
  2. b • Psychological Biases
    • Time Pressures:
    • Social Realities
  3. c Expanded SWOT analysis that yields more information because it analyzes how to overcome weaknesses using strengths or how to negate threats with opportunities
  4. d High Growth, Weak Competitive position: Question marks

    High Growth, Strong Competitive position: Stars

    Low Growth, Weak Competitive position: Dogs

    Low Growth, Strong Competitive position: Cash Cows
  5. e Where will we be active?
    How will we get there?
    How will we win the marketplace?
    How fast will we move, and in what sequence will we make changes?
    How will we obtain financial returns?

5 Multiple choice questions

  1. Evolve from the organization's mission and vision.
    The steps and processes to achieve the mission and vision
  2. Effective managers must pay close attention to the group process
    Appropriate leadership style
    Constructive use of disagreement and conflict
    Be the devil's advocate
    Enhancement of creativity
    brainstorming
  3. corporate strategy of expansion into unrelated businesses. GE - light bulbs and locomotives
  4. a strategy an organization uses to build competitive advantage by being efficient and offering a standard, no-frills product. (Walmart)
  5. Evaluate advantages, disadvantages, and potential effects of each alternative goal and plan.
    Prioritize the goals
    Consider the costs of each initiative and the likely investment return.

5 True/False questions

  1. What to do before implementing a decisionPsychological Biases
    Time pressures
    Social Realities

          

  2. Strategic MissionA set of procedures for making decisions about long term goals and strategies.

          

  3. Psychological BiasesEvolve from the organization's mission and vision.
    The steps and processes to achieve the mission and vision

          

  4. Cash cowsBCG Category of Business: Businesses with high growth and a strong competitive position require heavy investment

          

  5. Six stages to formal decision making• Psychological Biases
    • Time Pressures:
    • Social Realities

          

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