Understanding Management
10th Edition
ISBN: 9781337333375
Author: Richard L. Daft; Dorothy Marcic
Publisher: Cengage Learning US
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Question
Chapter 1, Problem 1OTJVC
Summary Introduction
To determine:
How the approach followed by the management of Barcelona matches with the modern developments that are taking place in the management thinking.
Introduction:
Management thinking is framed so as to help researchers, business students and managers to perform in a better way by enabling access to the most recent thinking added to the management practice and theory.
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The Internal Factor Evaluation (IFE) Matrix, is an example of a strategy formulation tool. True or False?
Question 57Select one:
True
False
Which of the following defines what business or businesses the firm is in or should be in?
Question 45Answer
a.
National Strategy
b.
Functional Strategy
c.
Corporate Strategy
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Business strategy
Clear my choice
Strategy formulation, implementation, and evaluation activities occur at the following hierarchical levels in a large organization to include:
Question 46Answer
a.
Functional, horizontal and divisional or strategic business unit
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Functional, horizontal and corporate
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Corporate and functional
d.
Corporate, divisional or strategic business unit, and functional
Chapter 1 Solutions
Understanding Management
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- During the Decision Stage of the Strategy Formulation framework, the focus is upon generating feasible alternative strategies by aligning key external and internal factors. True or False? Question 47Select one: True Falsearrow_forwardWhich of the following is NOT a reason to outsource non-critical activities? Question 49Answer a. Lower costs b. Flatten organization strategy c. Increase competitive responsiveness d. Increase internal bureaucracies Clear my choicearrow_forward_____________ addresses changes within the internal and the external business environment, and can range from strikes to natural disasters, bereavement and other occurrences Question 50Answer a. Strategic Planning b. Contingency Planning c. Disaster Planning d. Organizational Planning Clear my choicearrow_forward
- _____________ is the name given to the firm investing in international operations Question 51Answer a. Host Company b. Global Company c. International Company d. Parent Company Clear my choicearrow_forwardWhich of the following tools are the most appropriate for analyzing the macro-environment? Question 53Answer a. SWOT analysis b. Value Chain Analysis c. Benchmarking d. PESTLE frameworkarrow_forward________________is called the “action stage” of strategic management. Question 48Answer a. Strategy management b. Strategy implementation c. Strategy evaluation d. Strategy formulationarrow_forward
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- Assuring results is an attainable habit of a strategic leader only if a strategic leader is intentional in developing high performing organisations. Strategic leaders must be intentional in this because they can shape the organisational culture, or the culture may ‘manage’ the leader. One way to do this is to ______________ Question 17Answer a. Develop a Strategic Leadership plan b. Develop a Strategic Implementation Plan c. Implore levers of change d. Develop a Vision Statementarrow_forwardThis stage of the strategic management process, provides a control loop in determining the successful implementation of corporate, competitive, functional and global strategies. It seeks to ascertain the nature of the change betweenplanned strategies and its resultant emergent strategies Question 16Answer a. Strategic Advantage b. Strategic Formulation c. Strategic Implementation d. Strategy Evaluationarrow_forwardHigher product quality than rivals, Superior on-time delivery, A bigger market share, are all examples of: Question 11Answer a. Financial objectives b. Competitive Advantage objectives c. Components of Mission Statement d. Strategic objectivesarrow_forward
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