
Concept explainers
Case summary:
Person MP is the most decorated Olympian. He won eight gold medals in 2008 at the Olympics at State B of Country C. In 2012, Person MP won 4 gold and 2 silver medals in State L of Country E. In 2016, he won 5 gold medals and 1 silver in City RJ of Country B. When he was young Person MP is diagnosed with ADHD. Hence, the doctors suggested him to learn swimming.
In 2004, he has won 8 medals that include 6 gold and 2 bronzes, when he was 19 years old. Person MP becomes a worldwide brand after his eighth medal in the Olympics of State B of Country C. His manager Person PC has launched him as a superstar. His physical endowments attributed to the success of Person MP. He was arrested two times for Driving Under the Influence (DUI).
Image matters. He lost his image. However, he wanted to keep the public image clean. Hence, he launched his own line of swimwear, which brings him a better image.
To determine: The thing that must be done by Person MP if he wanted to play a similar transformative role in marketing.

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Chapter MC Solutions
STRATEGIC MANAGEMENT W/CONNECT
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- _____________ 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_forwardWhen evaluating an organization's strategy, it is important to note that corrective actions are almost always needed except when internal and external strategic positions have not changed. The basis of any review would require the redevelopment of a: ____________________________ Question 31Answer a. Value Chain Analysis b. SWOT Analysis c. EFE and IFE Matrix d. PESTLE Analysisarrow_forward___________________refers to the process of redesigning a vertical organisation along its horizontal workflows and processes. Rather than focusing on narrow jobs structured into distinct functional departments, they emphasise core processes that cut horizontally across the organisation and involve teams of employees working together to serve customers Question 23Answer a. Workforce Configuration b. Structural Reengineering c. Business Process Reengineering d. Horizontal Configurationarrow_forward
- Alternative plans that can be put into effect during strategic evaluation if certain key events within the strategic plan do not occur as expected. Question 20Answer a. Contingency Plan b. Strategic Evaluation Plan c. None of the provided options d. Emergent Planarrow_forwardAssuring 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_forward
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