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Management Study Set 37

Business

Quiz 9 :

Strategic Management

Quiz 9 :

Strategic Management

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__________ is the process of allocating resources and putting strategies into action.
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E

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The __________ is an environment that contains a few players who do not directly compete against one another.
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B

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Strategy provides the plan to allocate and organise resources with strategic __________ to focus an organisation's activities toward a unified and compelling goal.
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D

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The essence of __________ is looking ahead, understanding the environment and the organisation, and effectively positioning the organisation for competitive advantage.
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The environment in which there are at many organisations who compete directly with each other is known as a(n):
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From the perspective of Porter's five forces model, a(n) __________ is one in which intense rivalry already exists among competitors, there are substantial threats in terms of new competitors and substitute products, and suppliers and buyers are very powerful in bargaining over prices and quality.
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Which of the following statements about the competitive nature of organisational environments is CORRECT?
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A __________ is a plan for using resources consistent with __________.
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Aircraft manufacturers such as Airbus and Boeing can be considered to operate in a(n) ____________.
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Which one of the following statements provides an accurate description of the monopoly environment?
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According to Harvard scholar Michael Porter, the ultimate goal for any business should be ________.
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Evolving customer demands and conditions in the general operating environment increasingly drive __________ in contemporary organisations.
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_________ are those returns that exceed what an investor could earn by investing in alternative opportunities of equivalent risk.
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Which of the following statements does NOT characterise the environment of hypercompetition?
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Successful strategic management occurs when organisations formulate and implement strategies that _______.
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__________ refers to an organisation acquiring or developing an attribute or combination of attributes that allows it to outperform its rivals.
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Which of the following statements is FALSE?
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__________ is a pattern in a stream of decisions an organisation takes.
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In doing a SWOT analysis, the examination of threats within the industry and macroenvironments should address all of the following elements EXCEPT:
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An oligopoly environment can be described an environment:
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