Question 1

The term used in strategic implementation that describes a system of sequential steps or techniques that describe in detail how a particular task or job is to be done is
A) a program.
B) a guideline.
C) a budget.
D) a course of action.
E) a procedure.

Accepted Answer

The term that describes a system of sequential steps or techniques that describe in detail how a particular task or job is to be done is called a procedure. A program refers to a set of coordinated activities that lead to a specific goal or objective. Guidelines are general recommendations or principles that help individuals or organizations make decisions or take actions. A budget is a financial plan that outlines the expected income and expenses for a specific period. A course of action is a plan or strategy that outlines the steps to be taken to achieve a particular objective.

Question 2

The sum total of the activities and choices required for the execution of a strategic plan is known as
A) strategic formulation.
B) environmental scanning.
C) strategy implementation.
D) evaluation and control.
E) strategic development.

Accepted Answer

Strategy implementation refers to the process of executing a strategic plan, which includes making decisions and taking actions to achieve the desired goals and objectives. This involves various activities and choices, such as allocating resources, establishing policies, designing processes, and managing people. Strategic formulation is the process of developing a strategic plan, while environmental scanning is the process of analyzing the external environment. Evaluation and control is the process of monitoring and measuring the results of the strategic plan. Strategic development refers to the process of creating new strategies or modifying existing ones.

Question 3

What is strategy implementation? What questions must strategy makers consider to begin the implementation process?

Accepted Answer

Strategy implementation is the sum total of the activities and choices required for the execution of a strategic plan.It is the process by which objectives,strategies,and policies are put into action through the development of programs and tactics,budgets,and procedures.Implementation should be evaluated as strategy is being formulated,although many companies separate the two.Implementation is the key part of strategic management,for without implementation,we have nothing.Strategy formulation and strategy implementation should be considered as two sides of the same coin.
Poor implementation has been blamed for a number of strategic failures.Merger and acquisitions activities are clear types of very visible implementations.
To begin the implementation process,strategy makers must consider these questions:
Who are the people who will carry out the strategic plan?
What must be done to align the company's operations in the new intended direction?
How is everyone going to work together to do what is needed?

Question 4

Those who implement strategy will probably be a much more diverse set of people than those who formulate it.

Accepted Answer

Those who implement strategy will likely include individuals from various levels and departments within the organization, while strategy formulation is often conducted by a smaller and more senior group of individuals.

Question 5

According to Goold and Campbell,which of the following is not one of the forms that synergy can take?
A) shared know-how
B) coordinated strategies
C) value chain creation
D) pooled negotiating power
E) economies of scale or scope

Accepted Answer

According to Goold and Campbell, the forms that synergy can take are shared know-how, coordinated strategies, pooled negotiating power, and economies of scale or scope. Value chain creation is not explicitly mentioned as a form of synergy by the authors.

Question 6

When the return on investment for each division of a corporation is greater than what the return would be if each division were an independent business,that corporation is said to have achieved
A) synergy.
B) a leveraged buyout.
C) its hurdle rate.
D) the status of a true conglomerate.
E) Stage III.

Accepted Answer

Synergy is achieved when the overall performance of a corporation is greater than the sum of its individual divisions. Essentially, the corporation is able to achieve more together than if each division were operating independently. This is reflected in a higher return on investment for the corporation as a whole.

Question 7

The term used in strategic implementation that describes a statement of activities or steps needed to accomplish a plan and whose use is to make the strategy action-oriented is
A) a program.
B) a guideline.
C) a budget.
D) a course of action.
E) a procedure.

Accepted Answer

The answer of The term used in strategic implementation that...

Question 8

When Kimberly-Clark introduced Huggies disposable diapers against Procter & Gamble's market leading Pampers,they were using the offensive tactic known as a(n)
A) flanking maneuver.
B) frontal assault.
C) encirclement.
D) bypass attack.
E) guerilla attack.

Accepted Answer

A frontal assault involves directly challenging a competitor in their core market or product. In this case, Kimberly-Clark introduced Huggies disposable diapers to directly compete with Procter & Gamble's market leading Pampers, which is a clear example of a frontal assault.

Question 9

Strategy formulation and strategy implementation should be considered as two sides of the same coin.

Accepted Answer

Strategy formulation involves the process of developing strategies to achieve organizational objectives, while strategy implementation is the process of putting those strategies into action. Both are interrelated and equally important in achieving organizational success. Without proper implementation, strategic planning would be of no use. Therefore, strategy formulation and implementation should be seen as two complementary and interdependent processes.

Question 10

Who typically implements strategy in large,multi-industry corporations?
A) the board of directors
B) top management
C) middle management
D) first level management
E) everyone in the organization

Accepted Answer

The answer of Who typically implements strategy in large,multi-industry corporations?
A)...

Question 11

A survey of 93 Fortune 500 firms found ten major problems that over half of the group experienced when they attempted to implement a strategic change.Which of the following is not one of the implementation problems?
A) ineffective coordination of activities
B) uncontrollable external environmental factors
C) time allocated for implementation was adequate, but was used inappropriately
D) poor definition of key implementation tasks and activities
E) crises that distracted attention away from implementation

Accepted Answer

The correct answer is C because it states that time was adequate but used inappropriately, which implies a problem in management or execution rather than an inherent issue with the implementation process itself, unlike the other options which directly relate to common implementation problems.

Question 12

According to a survey of Fortune 500 firms,the most frequently cited problem with implementing a strategic change is that implementation took more time than originally planned.

Accepted Answer

This statement is true as per the survey of Fortune 500 firms.

Question 13

Strategy formulation is the sum total of the activities and choices required for the execution of a strategic plan.

Accepted Answer

Strategy formulation is the process of deciding the best course of action for accomplishing organizational objectives and hence reaching organizational purpose; it involves understanding the strategic position, making strategic choices for the future, and turning strategy into action. Strategy execution, on the other hand, is the sum total of the activities and choices required for the execution of a strategic plan.

Question 14

Which statement below is not true of strategy implementation?
A) It is the process by which strategies and policies are put into action through the development of programs/tactics, budgets, and procedures.
B) Implementation is often considered after strategy has been formulated.
C) Strategy implementation is the sum total of the activities and choices required for the execution of a strategic plan.
D) Strategy implementation should be kept separate and distinct from that of strategic management.
E) Strategy formulation and strategy implementation are two sides of the same coin.

Accepted Answer

Strategy implementation should not be kept separate and distinct from that of strategic management. Rather, it should be an integral part of the overall strategic management process.

Question 15

The innovative bottle design of Ecologic Brands was influenced by a pulp tray used to ship
A) soda.
B) iPhones.
C) beer.
D) yogurt.
E) reusable totes.

Accepted Answer

The innovative bottle design of Ecologic Brands was influenced by a pulp tray used to ship iPhones, showcasing how packaging solutions in one industry can inspire sustainable designs in another.

Question 16

Many of the people in the organization who are crucial to successful strategy implementation probably have little to do with the development of the corporate and business strategy.

Accepted Answer

The development of corporate and business strategy is usually the responsibility of top-level management, while successful strategy implementation requires the involvement and collaboration of employees at all levels of the organization, including those who may not have been involved in the strategy development process.

Question 17

It is advisable to have management from all levels participate in the strategy formulation process
A) because it is a legal requirement.
B) because collective bargaining agreements often mandate worker participation.
C) to gain an insight as to what work needs to be done and to gain cooperation in the implementation of the strategy.
D) because it is part of their job responsibilities to provide input regarding their respective area of expertise.
E) because it helps boost the self-image and ego of all managers to be asked for advice.

Accepted Answer

Having management from all levels participate in the strategy formulation process helps gain an insight into what work needs to be done, and also gains cooperation in the implementation of the strategy. This improves the chances of successful implementation and achievement of the desired outcomes.

Question 18

According to Goold and Campbell,when companies coordinate the flow of products or services of one unit with that of another unit to reduce inventory,the synergistic effect is known as
A) pooled negotiating power.
B) shared know-how.
C) coordinated strategies.
D) economies of scale or scope.
E) new business creation.

Accepted Answer

The synergistic effect of coordinating the flow of products or services to reduce inventory is known as economies of scale or scope. This refers to the cost benefits that arise from coordinating the activities of different units within a company to achieve greater efficiency, reduce duplication of effort, and generate economies of scale. This can help to improve profitability and competitiveness, and is a key strategy for many companies looking to optimize their operations and streamline their supply chain management.

Question 19

Which form of synergy was demonstrated when P&G purchased Gillette to combine P&G's knowledge of the female consumer with Gillette's knowledge of the male consumer?
A) shared tangible resources
B) shared know-how
C) coordinated strategies
D) economies of scale
E) new business creation

Accepted Answer

Shared know-how. P&G and Gillette had different knowledge and expertise in understanding their respective target markets. By joining forces, they were able to share their knowledge and insights with each other to create a more comprehensive understanding of both male and female consumers. This demonstrates the form of synergy known as shared know-how.

Question 20

Poor implementation is often blamed for strategic failure.

Accepted Answer

Poor implementation can result in failure to achieve strategic goals or objectives, as it can prevent plans from being executed efficiently and effectively. Therefore, it is often blamed for strategic failure.

Quiz 10: Strategy Implementation: Organizing and Structure

The term used in strategic implementation that describes a system of sequential steps or techniques that describe in detail how a particular task or job is to be done is

The sum total of the activities and choices required for the execution of a strategic plan is known as

What is strategy implementation? What questions must strategy makers consider to begin the implementation process?

Those who implement strategy will probably be a much more diverse set of people than those who formulate it.

According to Goold and Campbell,which of the following is not one of the forms that synergy can take?

When the return on investment for each division of a corporation is greater than what the return would be if each division were an independent business,that corporation is said to have achieved

The term used in strategic implementation that describes a statement of activities or steps needed to accomplish a plan and whose use is to make the strategy action-oriented is

When Kimberly-Clark introduced Huggies disposable diapers against Procter & Gamble's market leading Pampers,they were using the offensive tactic known as a(n)

Strategy formulation and strategy implementation should be considered as two sides of the same coin.

Who typically implements strategy in large,multi-industry corporations?

A survey of 93 Fortune 500 firms found ten major problems that over half of the group experienced when they attempted to implement a strategic change.Which of the following is not one of the implementation problems?

According to a survey of Fortune 500 firms,the most frequently cited problem with implementing a strategic change is that implementation took more time than originally planned.

Strategy formulation is the sum total of the activities and choices required for the execution of a strategic plan.

Which statement below is not true of strategy implementation?

The innovative bottle design of Ecologic Brands was influenced by a pulp tray used to ship

Many of the people in the organization who are crucial to successful strategy implementation probably have little to do with the development of the corporate and business strategy.

It is advisable to have management from all levels participate in the strategy formulation process

According to Goold and Campbell,when companies coordinate the flow of products or services of one unit with that of another unit to reduce inventory,the synergistic effect is known as

Which form of synergy was demonstrated when P&G purchased Gillette to combine P&G's knowledge of the female consumer with Gillette's knowledge of the male consumer?

Poor implementation is often blamed for strategic failure.