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5 Written questions

5 Matching questions

  1. BCG Matrix
  2. Control Process: Strategic Control System
  3. Benchmarking
  4. Strategic Mission
  5. Barriers to Good Decisions
  1. a An organization's basic purpose and scope of operations.
    Clear and concise expression of the organization's basic purpose.
  2. b Psychological Biases
    Time pressures
    Social Realities
  3. c Determining how well one company's compare with another company or set of companies.
    Understanding "best practices" of other firms
    Take actions to achieve better performance and lower costs
    Ford, Corning, Toyota
  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 Evaluate progress and take corrective action.
    Encourage efficient operations
    Adapt to changing conditions.
    Includes a budget

5 Multiple choice questions

  1. corporate strategy moving into new businesses that relate to the original core business.
  2. BCG Category of Business: high-growth, weak-competitive position businesses require substantial investment to improve their position, or else they should be divested.
  3. Frontline Managers
    identifies specific procedures and processess required to implement - focus is on rutine tasks like production and schedules
  4. a process planners use, within time and resources constraints, to gather, interpret, and summarize all information relevant to the planning issue under consideration.
    Focus on:
    Internal forces at work in the organization
    Influences from the external environment.
  5. • Psychological Biases
    • Time Pressures:
    • Social Realities

5 True/False questions

  1. Six stages to formal decision makingPsychological Biases
    Time pressures
    Social Realities

          

  2. Ways groups can hurtDominance by one
    GROUP THINK - pressure to avoid disagreement - Bad things can happen (Challenger Space Shuttle)
    Goal Displacement Lose site of original GOAL

          

  3. Single Use PlanDefine strategic tasks.
    Assess organization capabilities.
    Develop an implementation agenda.
    Create an implementation plan.

          

  4. Tactical PlanningMiddle Level and Lower Level
    translates broad strategic into specific goals and plans relevent to the particular part of the org

          

  5. Analyze internal strengths and weaknessesInternal resource analysis
    Financial analysis
    Human resources assessment
    Marketing audit
    Operations analysis
    Other internal resource analyses

          

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