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Business Strategy
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Subject
:
business-skills
Instructions:
Answer 50 questions in 15 minutes.
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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. Is part of an organization for which there is a distinct external market for goods or services that is different from another SBU
Strategic business unit
low-cost strategy
Strategic capability
Maturity
2. 1 Capacity 2 Standards 3 Scheduling 4 Inventory 5 Control
Diversification
Takeover
Methodologies Of Operations
Off shoring
3. 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.
top-down
Financial Measures
key to success in strategic planning
Off shoring
4. Acquisition of a company that operates in the same industry using the same value chain.
benefits of competitor intelligence
Junk bond
Horizontal diversification
Descriptive Statistic
5. Collateralized Loan Obligation. Large pool of bank loans bundled together by financial services firms and sold off to investors in slices - with the goal to spread default risk "an inch deep and a mile wide"
Ethical Behavior
to obtain profit growth
CLO
Business Case
6. The categories of activities within and around an organization which together create a product or service.
Value chain
Business model
Directing
Environmental Scanning
7. Comparing similar functional firms in your industry
Stakeholder mapping
functional benchmarking
Market Penetrati
Employment Factors
8. Corporation that owns the majority of voting shares of other companies - but that allows the other companies to operate as independent entities.
Market Penetrati
Holding company
Short term Objectives
HR functions that can be outsourced
9. A strategy by which an organization peruses new product offerings and new markets.
Strategy Formulation
Strategies at three levels
Diversification
Outsourcing
10. Cost savings accomplished by operating combined companies more efficiently.
Economizing
Blue ocean Strategy
Operations
Differentiation
11. It is a process not just written project plan that helps an organization focus on how to succeed in the future - where the company is now? - where does the company want to go? - How will the company get there?
types of competitive strategies for international businesses
Five Forces
Strategic Planning
Blue ocean Strategy
12. 1 Traditional Generation 2 Baby Boom Generation 3 Generation X 4 Generation Y
Management Functions
Generational Difference
Business Case
internal benchmarking
13. A value creating strategy that creates more perceived value by primarily reducing costs
low-cost strategy
international strategy
Agency
Market Penetrati
14. When a corporation enters a new business in a different industry from that in which it currently operates and does not expect to achieve any value chain synergies through the combination.
Strategic Planning Phase
Unrelated diversification
SMART Goals
Downscoping
15. Comparing 1 operation in the firm with another
Ethical Behavior
internal benchmarking
Action Plan
Strategic business unit
16. It refers to relocation of processes or functions from a home country to another country and it appeals to organization for cost saving.
Maturity
Strategic business management
Off shoring
Market fit
17. Combine both qualitative and quantitative measures - acknowledge the expectations of different stakeholders and relate an assessment of performance to choice of strategy.
Growth
Business strategy
Business Case
Balanced scorecards
18. Describes the structure of product - service - and information flows and the role of participating parties.
internal benchmarking
Five Forces
Business model
to maximize profits
19. When a corporation is able to combine similar primary value chain activities.
mentality of a MNC manager
Generational Difference
Dominant business
Operational fit
20. 1 Financial 2 Human 3 Physical 4 Technological
Resources
Scenarios
Corporate social responsibility
Corporate strategy
21. Cut costs - add value - or increase prices
Strategic business unit
to increase profitability
Mission Statement
Outsourcing
22. Engaging in those activities that ensure effective operation - including leadership and motivation pf employee action towards goals. eg : Scheduling and conducting interview.
Vision Statement
Off shoring
SWOT Analysis
Directing
23. 1 Strategy Formulation 2 Strategy Development 3 Strategy Implementation 4 Strategy Evaluation
support activities of a business
Critical success factors
Strategic Planning Phase
Core Values
24. Risk associated with macro-economic forces.
Long term Objectives
Systematic risk
Market Penetrati
bottom-up
25. Specific - Measurable - Attainable - Realistic - Timely
Off shoring
Maturity
SMART Goals
PESTEL
26. Where an individual (such as a corporate officer) acts on behalf of someone else (such as a shareholder)
Agency
Market Penetrati
skills businesses need to create competitive advantage
Organization Structure
27. To achieve cost advantage - an organization has to be the low cost producer in its industry.The finished products of low cost producers are sold at prices that beat the competition. These industries depend on volume to provide profit and is less bra
Cost Leadership
Value Statement
International Factors
to maximize profits
28. 1 Introduction 2 Growth 3 Maturity 4 Decline
Business Case
Merger and Acquisition Process
Business Life Cycle Phases
Strategic capability
29. Organization become entrenched in rules and policies and leadership become resistant to change. series of efforts to turn the tide such as product enhancement or cost reduction programs. If unsuccessful in these then will focus on reducing workforce
Market Penetrati
Descriptive Statistic
Internal Benchmarks
Decline
30. Special Purpose Acquisition Company. Empty-shell firms that promise to buy businesses with the proceeds of their initial public stock offerings.
Strategy Formulation
Primary Research
Related diversification
SPAC
31. 1 Age 2 Gender 3 Generational Difference 4 Geographic shifts in population 5 Ethnicity 6 Unskilled Labor 7 Non traditional labor force
Secondary Research
Demographic Factors
Primary Research
Market fit
32. It is simple and effective process for collecting information on the organization's current state. It answers four basic question.
Market development
Emergent Strategy
SWOT Analysis
Five Forces
33. Adhering to set of governing principles whether the philosophy is one of fairness - individual rights - avoiding conflicts of interest or another philosophical grounding.
Strategic Information Systems
Ethical Behavior
mentality of MNC
Marketing Mix
34. It is the process that involves a systematic survey and interruption of relevant data to identify external opportunities and threats and to assess how these factors affect the organization currently and how they are likely to affect the organization
Value network
Strategic Planning
SMART Goals
Environmental scanning
35. The central focus of the department is the provision of goods and services to the customer. Basically this department must ensure that the product/service is produced and delivered to the customer.
Organizing
Market fit
value creating operations in the value chain of operation
Operations
36. Quality of information and interpretation of it
key to success in strategic planning
Related diversification
Corporate governance
Business Case
37. Sell more in existing markets - or enter new markets
Junk bond
to obtain profit growth
HR functions that can be outsourced
CLO
38. 1 Balance Scorecard
Performance Measures
Horizontal diversification
Emergent Strategy
Inferential Statistic
39. The skills and abilities by which resources are deployed through an organization's activities and processes such as to achieve competitive advantage in ways that others cannot imitate or obtain.
mentality of MNC
Core competences
Management Functions
Unsystematic risk
40. Comparing a the firms operations with a direct competitor
skills businesses need to create competitive advantage
external benchmarking
Strategy Implementation
Mission Statement
41. Those product features with which a organization must outperform the competition because they are particularly valued by a group of customers.
Corporate strategy
Long term Objectives
Secondary Research
Critical success factors
42. The resources and competences of an organization needed for it to survive and prosper.
Cultural web
Strategic capability
Strategic Information Systems
Maturity
43. The political - economic - social - technological - environmental - and legal dimensions of an organization's external environment.
Diversification
Introduction
value creating operations in the value chain of operation
PESTEL
44. 1 SWOT analysis and environmental scanning 2 Long term objectives 3 Strategies to achieve these objectives are defined
key to success in strategic planning
Corporate social responsibility
to obtain profit growth
Strategy Development
45. It is a system of moral principles and values that establish appropriate conduct.
Merger and Acquisition Process
Descriptive Statistic
Strategy Evaluation
Ethics
46. 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.
Junk bond
Focus
Systematic risk
Value chain
47. They are often based on industry best practice.
Internal Benchmarks
External Benchmarks
Diversification
Due Diligence
48. 1. information systems 2. logistics 3. HR
support activities of a business
differentiation
Strategic business unit
To achieve competitive advantage and superior profitability
49. 1 Planning 2 Organizing 3 Directing 4 Controlling
Management Functions
Conglomerate
Corporate social responsibility
Five Forces
50. The choices made through the 4 Ps : Product - Price - Place and Promotion are what makes a product or service unique. This is distinctive blend of marketing decision.
Directing
Balanced scorecards
Junk bond
Marketing Mix
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