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Business Strategy
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Subject
:
business-skills
Instructions:
Answer 50 questions in 15 minutes.
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study here
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Match each statement with the correct term.
Don't refresh. All questions and answers are randomly picked and ordered every time you load a test.
This is a study tool. The 3 wrong answers for each question are randomly chosen from answers to other questions. So, you might find at times the answers obvious, but you will see it re-enforces your understanding as you take the test each time.
1. 1 Cost Benefit Analysis 2 Return On Investment 3 Breakeven Analysis 4 Financial Statement Analysis
Merger and Acquisition Process
Vertical diversification
Maturity
Financial Measures
2. Quality of information and interpretation of it
Strategic Information Systems
Vertical diversification
PESTEL
key to success in strategic planning
3. 1 Attitudes towards career 2 Immigration 3 Occupational and industry skills 4 Recruitment 5 Unions 6 Unemployment 7 Turnover 8 Relocation
Management Functions
Stakeholder mapping
Employment Factors
Blue ocean Strategy
4. Refers to an intensive investigation of all factors surrounding a business decision to ensure that all risks are understood.
Strategic capability
Due Diligence
Strategy Evaluation
Management fit
5. A plant or service department is moved to another country. Although separated geographically - the off shored entity remains part of the organization - and workers are still employees of the organization.
Marketing Mix
Off shoring
Corporate strategy
Balanced scorecards
6. A strategy by which an organization takes increased share of its existing markets with its existing product range.
low-cost strategy
Factors that affect external environment
Value network
Market Penetrati
7. These strategy requires that organizations focus on a particular buyer group - segment of the product line or geographical market within an industry. It is build around serving particular target to the exclusion of others.
SMART Goals
Focus
value creating operations in the value chain of operation
to obtain profit growth
8. Not necessarily considered HR core function like benefits plan administration - payroll administration - and background checks - etc.
HR functions that can be outsourced
bottom-up
low-cost strategy
Spin-off
9. They are used to condense and summarize large quantities of data for quick understanding.
Environmental scanning
Descriptive Statistic
Strategic business management
Strategic Information Systems
10. A value creating strategy that primary increases perceived value by increasing attractiveness of product
Porters Competitive Strategies
differentiation
Systematic risk
STEEP
11. 1 Financial 2 Human 3 Physical 4 Technological
Primary Research
Resources
Leveraged buyout (LBO)
The law making Process
12. 1 Historical Data (HR records - census records) 2 Benchmarking and best practices reports 3 Purchased Data ( Gallup or Roper data) 4 Professional Journals - Books - and other media 5 Secondhand reports (grapevine reports)
Financial Measures
Secondary Research
Spin-off
HR functions that can be outsourced
13. Risk associated with a particular business.
HR functions that can be outsourced
Unsystematic risk
common practices when analyzing your competition
Strategic business management
14. 1 Preparation 2 Due Diligence 3 Planning integration of the business entities 4 Implementation - monitoring and measurement
Merger and Acquisition Process
Strategic capability
HR functions that can be outsourced
Takeover
15. The resources and competences of an organization needed for it to survive and prosper.
to increase profitability
Strategic Groups
Strategic capability
international strategy
16. Ability to broaden a product line or a customer base achieved through an acquisition.
To achieve competitive advantage and superior profitability
external benchmarking
Action Plan
Scope
17. It is simple and effective process for collecting information on the organization's current state. It answers four basic question.
Demographic Factors
Porters Competitive Strategies
support activities of a business
SWOT Analysis
18. 1 Organizational Strategy 2 Business unit strategy 3 Functional Strategy
Private equity firm
Off shoring
mentality of a MNC manager
Strategies at three levels
19. 1 Global Economy 2 Wage comparison 3 Trade Agreement 4 International Labor Law
Action Plan
Unsystematic risk
International Factors
Economic Factors
20. Internal Benchmarks establish levels of current performance of a particular tasks - such as cost per hire.
Controlling
Directing
Strategic business management
Internal Benchmarks
21. 1 Charts and graphs 2 Measures of central tendency 3 Measures of variation 4 Measures of association
Business Case
Financial Measures
Descriptive Statistic
Vision Statement
22. 1 They can help to identify improvements in an organization's performance that can be attributed to the projects 2 They can suggest appropriate targets for improvement to be included in project objectives.
Resources leverage
Growth
Critical success factors
Purpose of benchmarks
23. Adhering to set of governing principles whether the philosophy is one of fairness - individual rights - avoiding conflicts of interest or another philosophical grounding.
Economizing
Ethical Behavior
Downscoping
Unrelated diversification
24. The decisions made and the direction provided for managing multiple business units under a single corporate umbrella.
mentality of a MNC manager
top-down
Corporate strategy
Cross-sector diversification
25. 1 Capacity 2 Standards 3 Scheduling 4 Inventory 5 Control
Methodologies Of Operations
Secondary Research
Leveraged buyout (LBO)
Strategic business management
26. It can be defined as principles of conduct within an organization that guide decision making and behavior.
Code of Ethics
Business model
Growth
Primary Research
27. Economic - legal resp. - ethical - and discretionary
Operations
type of responsibilities of a business
Downscoping
Strategic Planning
28. 1 The rule is proposed 2 Public comment is invited 3 The final rule is issued
common practices when analyzing your competition
The law making Process
External Benchmarks
Business Case
29. Acquisition of a company that operates in the same industry using the same value chain.
Strategic business unit
Horizontal diversification
Corporate strategy
Factors that affect external environment
30. It refers to relocation of processes or functions from a home country to another country and it appeals to organization for cost saving.
Resources leverage
Strategic Planning Phase
Stakeholder mapping
Off shoring
31. Combine both qualitative and quantitative measures - acknowledge the expectations of different stakeholders and relate an assessment of performance to choice of strategy.
Cost Leadership
Primary Research
Balanced scorecards
Strategic Groups
32. Suppliers - buyers - competitive rivalry - product substitutes and potential entrants; reinforces the importance of economic theory; analytical tool of previously lacking the field of strategy; determines the nature/level of competition and profit
Unsystematic risk
Strategy Evaluation
Five Forces
Focus
33. A method of planning in which corporate hq develops and provides guidelines - disadvantages: the method of planning restricts initiative at lower level - shows insensitivity to local conditions - advantages: headquarters formulates a plan; this ensur
Employment Factors
Leveraged buyout (LBO)
top-down
Due Diligence
34. Acquisition of a company in a different industry - but which employs a similar value chain.
International Factors
efficiency frontier
Cross-sector diversification
Value chain
35. Specific - Measurable - Attainable - Realistic - Timely
Internal Benchmarks
SMART Goals
Unsystematic risk
Planning
36. Is the means by which a strategy can be pursued.
Dominant business
STEEP
international strategy
Strategic method
37. Sell more in existing markets - or enter new markets
efficiency frontier
to obtain profit growth
Holding company
Scope
38. 1 Cost Leadership 2 Differentiation 3 Focus
Mid term Objectives
Core Values
Porters Competitive Strategies
low-cost strategy
39. 1 Statement of the problem 2 Objectives 3 Description of potential solution 4 Project Time line 5 Project Metrics.
Organization Structure
Strategic method
Descriptive Statistic
Parts of Business Case
40. When a corporation can take synergistic advantage of relationships with suppliers and/or customers in making an acquisition.
Systematic risk
Descriptive Statistic
Market fit
Cost Leadership
41. 1 Interest Rates 2 Gross Domestic Product (GDP) 3 Consumer Price Index (CPI) 4 Disposable Income 5 Inflation
Code of Ethics
generic benchmarking
Operational fit
Economic Factors
42. Those product features with which a organization must outperform the competition because they are particularly valued by a group of customers.
Descriptive Statistic
Critical success factors
Inferential Statistic
Strategic Planning Phase
43. A process and goal: the process: choices regarding acquiring and using scared resources: the goal: maintain and achieving a unique and valuable position in the international market
international strategy
Strategic business unit (SBU)
Ethics
Primary Research
44. 1 Age 2 Gender 3 Generational Difference 4 Geographic shifts in population 5 Ethnicity 6 Unskilled Labor 7 Non traditional labor force
Corporate governance
Generational Difference
Demographic Factors
Purpose of benchmarks
45. Serve the purpose similar to short term objectives but are completed in 1 to 3 years.
Five Forces
Environmental scanning
Critical success factors
Mid term Objectives
46. They represent milestones that must be achieved in order to reach the long term objectives. They are usually within 6 months to a year.
Directing
international strategy
Agency
Short term Objectives
47. Describes the structure of product - service - and information flows and the role of participating parties.
Controlling
Business model
Business Life Cycle Phases
Balanced scorecards
48. The underlying principles that guide an organization's strategy
common practices when analyzing your competition
Related diversification
Off shoring
Core Values
49. It is a systematic process of gathering and analyzing all relevant data about external opportunities (emerging marketplace - additional capabilities provided through new technology.) and threats (emerging competition - shifts in marketplaces. )
Controlling
Employment Factors
top-down
Environmental Scanning
50. Organizations within an industry with similar strategic characteristics - following similar strategies or competing on similar bases
Descriptive Statistic
Strategic Groups
STEEP
Environmental scanning
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