Question 1

What is the last real check a firm has on the feasibility of its selected strategy?
A) budget planning
B) standard operating procedure development
C) exit strategy development
D) program development and execution
E) tactic developments

Accepted Answer

The answer of What is the last real check a...

Question 2

Which of the following is not an offensive tactic?
A) frontal assault
B) flanking maneuver
C) guerilla warfare
D) raising structural barriers
E) encirclement

Accepted Answer

Raising structural barriers is a defensive tactic, not an offensive one. The other choices are offensive tactics often used in warfare.

Question 3

One of the goals to be achieved in strategy implementation is synergy between and among functions and business units.

Accepted Answer

Synergy between and among functions and business units is a key element of strategy implementation. This means that different departments and units within an organization should work together seamlessly to achieve common goals and objectives. By doing so, they can optimize their resources, share knowledge and expertise, and achieve better results than if they were working in isolation. This requires effective communication, collaboration, and coordination across the organization.

Question 4

Which market location tactic is being used when a company attempts to cut the market out from under the established defender by offering a new type of product that makes the competitor's product unnecessary?
A) flanking maneuver
B) bypass attack
C) encirclement
D) guerrilla warfare
E) frontal assault

Accepted Answer

A bypass attack involves introducing a new product or service that makes the existing options obsolete, effectively bypassing the competition by changing the rules of the game.

Question 5

Successful late movers tend to be large firms with considerable resources and related experience.

Accepted Answer

Late movers refer to companies that enter a market later than their competitors. Research suggests that successful late movers tend to be large firms with considerable resources and related experience, as they can leverage their existing strengths and make significant investments in research and development to catch up with existing competitors quickly. Small firms often struggle to compete with established players due to their limited resources and lack of brand recognition.

Question 6

Standard operating procedures typically detail the various activities that must be carried out to complete a corporation's programs.

Accepted Answer

Standard operating procedures (SOPs) are designed to outline the specific steps that must be followed to ensure consistency and quality in business operations. SOPs cover various activities and processes, including but not limited to production, administration, training, and performance monitoring.

Question 7

What is synergy? According to Goold and Campbell,what are the six forms it can take?

Accepted Answer

The answer of What is synergy? According to Goold and...

Question 8

After programs have been developed,the budget process begins.

Accepted Answer

Once programs have been developed, the organization needs to allocate budgets for implementing and executing them.

Question 9

The first company to manufacture and sell a new product or service is referred to as a pioneer.

Accepted Answer

A pioneer is the first company to introduce a new product or service to the market.

Question 10

Microbreweries that make beer for sale for local customers use guerilla warfare against national brewers like Anheuser-Busch.

Accepted Answer

Microbreweries often use grassroots marketing tactics and community involvement to gain a loyal local following and differentiate themselves from the large, national breweries. This can be seen as a form of guerilla warfare against the more dominant players in the industry.

Question 11

An offensive tactic usually takes place in the firm's own current market position.

Accepted Answer

An offensive tactic in business strategy typically aims to attack competitors or enter new markets, rather than focusing solely on the firm's current market position.

Question 12

Which market location tactic did Texas Instruments use when they avoided direct competition with Intel by developing cell phones,medical devices,and consumer electronics rather than computers?
A) flanking maneuver
B) bypass attack
C) encirclement
D) guerrilla warfare
E) frontal assault

Accepted Answer

Texas Instruments used a flanking maneuver by avoiding direct competition with Intel in the computer market and instead developing products in other areas such as cell phones, medical devices, and consumer electronics. This allowed Texas Instruments to gain market share and avoid direct competition with Intel.

Question 13

Once in place,procedures seldom have to be updated to reflect changes in technology or strategy.

Accepted Answer

Procedures may need to be updated to ensure they remain relevant and effective in light of changes in technology or strategy.

Question 14

Which defensive tactic did P&G use when they test marketed their liquid bleach product in an attempt to scare Clorox into retreating from their detergent market?
A) lower the inducement for attack
B) bypass attack
C) increase expected retaliation
D) flanking maneuver
E) raise structural barriers

Accepted Answer

P&G used the tactic of increasing expected retaliation by test marketing their liquid bleach product, which signaled to Clorox that P&G was willing to compete aggressively in the detergent market. This tactic was intended to deter Clorox from further expanding their presence in the detergent market.

Question 15

The purpose of a program or tactic is to make the strategy action-oriented.

Accepted Answer

Programs or tactics are the actual steps or actions taken to implement a strategy. Therefore, they make the strategy actionable and help to achieve the desired goals.

Question 16

When Yamaha entered the market with a broader range of pianos,keyboards,and other musical instruments,it was using which offensive tactic?
A) flanking maneuver
B) frontal assault
C) encirclement
D) bypass attack
E) guerilla attack

Accepted Answer

Encirclement involves launching a broad offensive on several fronts, much like Yamaha did by entering the market with a wide range of products, aiming to capture a larger share of the market by appealing to various segments.

Question 17

Job enlargement is the movement of workers through several jobs to increase variety.

Accepted Answer

Job enlargement involves increasing the variety and complexity of tasks assigned to a worker, not moving them through several jobs.

Question 18

Which defensive tactic was used by Southwest Airlines when deliberately keeping their prices low and constantly investing in cost-reducing measures?
A) guerilla warfare
B) lower the inducement for attack
C) encirclement
D) raise structural barriers
E) increase expected retaliation

Accepted Answer

Southwest Airlines used the tactic of lowering the inducement for attack by keeping their prices low and investing in cost-reducing measures. This strategy made it less attractive for competitors to target their market share, as the low-cost structure and pricing would make it difficult for competitors to compete profitably.

Question 19

Which market location tactic is being used when a company goes head to head with its competitor matching in every category from price to promotion to distribution channel?
A) flanking maneuver
B) bypass attack
C) encirclement
D) guerrilla warfare
E) frontal assault

Accepted Answer

This tactic is known as a frontal assault, where a company directly competes with its opponent in every aspect of the market including price, promotion, and distribution channels.

Question 20

Which of the following is not true of defensive tactics?
A) Defensive tactics aim to lower the probability of attack.
B) Defensive tactics divert attacks to less threatening avenues.
C) Defensive tactics lessen the intensity of an attack.
D) Defensive tactics reduce short-term profitability to ensure long-term profitability.
E) Defensive tactics include a frontal assault.

Accepted Answer

Defensive tactics are focused on defending and protecting against attacks. A frontal assault would be considered an offensive tactic, which is the opposite of defensive tactics. Therefore, choice E is not true of defensive tactics.

Quiz 10: Strategy Implementation: Organizing and Structure

What is the last real check a firm has on the feasibility of its selected strategy?

Which of the following is not an offensive tactic?

One of the goals to be achieved in strategy implementation is synergy between and among functions and business units.

Which market location tactic is being used when a company attempts to cut the market out from under the established defender by offering a new type of product that makes the competitor's product unnecessary?

Successful late movers tend to be large firms with considerable resources and related experience.

Standard operating procedures typically detail the various activities that must be carried out to complete a corporation's programs.

What is synergy? According to Goold and Campbell,what are the six forms it can take?

After programs have been developed,the budget process begins.

The first company to manufacture and sell a new product or service is referred to as a pioneer.

Microbreweries that make beer for sale for local customers use guerilla warfare against national brewers like Anheuser-Busch.

An offensive tactic usually takes place in the firm's own current market position.

Which market location tactic did Texas Instruments use when they avoided direct competition with Intel by developing cell phones,medical devices,and consumer electronics rather than computers?

Once in place,procedures seldom have to be updated to reflect changes in technology or strategy.

Which defensive tactic did P&G use when they test marketed their liquid bleach product in an attempt to scare Clorox into retreating from their detergent market?

The purpose of a program or tactic is to make the strategy action-oriented.

When Yamaha entered the market with a broader range of pianos,keyboards,and other musical instruments,it was using which offensive tactic?

Job enlargement is the movement of workers through several jobs to increase variety.

Which defensive tactic was used by Southwest Airlines when deliberately keeping their prices low and constantly investing in cost-reducing measures?

Which market location tactic is being used when a company goes head to head with its competitor matching in every category from price to promotion to distribution channel?

Which of the following is not true of defensive tactics?