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Multiple Choice Firms that do the product leadership strategy well include which of the following factors:
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Question 1 of 25 4.0 Points Managers are responsible for getting activities completed efficiently and achieving the firm’s goals by utilizing: A.Human, financial, and material resources B.Information, human, and service resources C.Human resources, organizational competitiveness, and organizational goals D.Financial resources, top management, and organizational goals Question 2 of 25 4.0 Points A difference between management and leadership can be defined in the following way A.management is human capital, and leadership is directing staff B. management is getting things done, and leadership is deciding what needs to be done C. management is getting things done, and leadership is inspiring action taken by others D. management is a position of authority or power, and leadership is inspiring action taken by others Three different types of planning used in the function of management are A. strategic, tactical, and operational B. strategic, organizational design, and job design C. job design, job enrichment, and teamwork D. strategic, organizational design, and operational Question 4 of 25 4.0 Points Triple bottom line refers to the measurement of business performance along A. social, economic and organizational dimensions B. social, economic and environmental dimensions C. economic, organizational, and human performance dimensions D. environmental, organizational and corporate responsibility Question 5 of 25 4.0 Points The difference between group and team is A. A collection of people is a group and not necessarily a team B. Complementary skills are found in a group but not a team C. The aim and purpose of a group is to perform in the workplace D. Groups are defined by their relatively small size Question 6 of 25 4.0 Points “The interests of one person should never take precedence over what is best for the company as a whole” is an explanation of which of Fayol’s principles of management: A. Unity of command B. Unity of direction C. Subordination of individual interest D. Discipline Question 7 of 25 4.0 Points The term social movement refers to a type of group that: A. Imitates corporations to improve employee morale in organizations C. Mimic society D. Performs activities outside the workplace Question 8 of 25 4.0 Points Working with people from different countries can be a challenge because of: A. Language issues and different cultural norms B. Cross-cultural misunderstandings C. Different work skills according to cultural norms D. Global strategic communication Question 9 of 25 4.0 Points People in societies where uncertainty avoidance is high want: A. Are less rule-oriented B. Tolerate a variety of opinions C. Are open to change and taking risks D. Want strict rules, laws and policies Question 10 of 25 4.0 Points Firms with clearly communicated, widely understood and collectively shared mission and vision have been shown: A. To create and advance technology B. To embrace diversity C. To perform better than those without them D. To employ a smarter workforce Question 11 of 25 4.0 Points Organizational culture is defined by all of the following EXCEPT: A. Life experiences of the employees B. Strengths and weakness of the staff C. Organizational mission and vision statements D. Education of the employee Question 12 of 25 4.0 Points The number of people who participate in a nominal group technique is generally: A. 1-5 participants B. 3-8 participants C. 6-10 participants D. 8-14 participants Question 13 of 25 4.0 Points Mission and vision development are analogous to which step in the principles of management framework: A. Planning B. Organizing C. Leading D. Controlling Question 14 of 25 4.0 Points Strategy formulation answers the question: A. How do we execute a chosen strategy? B. What should our strategy be? C. Where does strategy fit in? D. How is strategy applied to me? Question 15 of 25 4.0 Points The different aspects of strategy as distinguished by Mintzberg include which of the following?: A. Consequential B. Differentiate C. Realized D. Permanent Question 16 of 25 4.0 Points Firms that do the product leadership strategy well include which of the following factors: A. Do not focus on innovation B. Have superb operations and execution C. Are in stagnant markets D. Focus on development, innovation, design, and time to market Question 17 of 25 4.0 Points Which of the following is considered an intangible resources?: A. Scientific capabilities B. Production equipment C. Manufacturing plants D. Formal reporting structures Question 18 of 25 4.0 Points The intensity of industry competition and an industry’s profit potential are a function of which of the following forces of competition?: A. Power of stockholders B. Power or employees C. Global economic conditions D. Threats posed by new entrants Question 19 of 25 4.0 Points Goals are outcome statements that define what an organization is trying to accomplish: A. Programmatically B. Organizationally C. Both programmatically and organizationally D. Internally Question 20 of 25 4.0 Points Characteristics of MBO includes which of the following?: A. Systematic and organized approach B. Aims to improve employee morale C. It improves communication by centralizes decision making D. Used by managers to track their best customers Question 21 of 25 4.0 Points The following is NOT considered a best practice when managing performance evaluations: A. Determine how best to use the Balanced Scorecard B. Ensure that all key staff are involved in the development of the performance management processes C. Provide additional training for supervisors on how to conduct the mid-year and year-end performance reviews D. Plan to modify the performance management system over time Question 22 of 25 4.0 Points Among the top motivators driving corporations to engage in CSR include all of the following reasons EXCEPT: A. Meeting or exceeding budget B. Ethical considerations C. Innovation and learning D. Employee motivation Question 23 of 25 4.0 Points Self-development, individual initiative and organizational loyalty are: A. Necessary in current principles of behavior in organizations B. Examples of organizational citizenship behaviors C. In-role performance standards D. CSR standards for individual performance Question 24 of 25 4.0 Points The Gilbreths are most famous for: A. Content Packaging B. Times studies C. Productivity reports D. Time and motion studies Question 25 of 25 4.0 Points Social networks are often referred to as: A. The invisible organization B. Important
to organizational culture Which element is included in a firm's strategy?Skipping these important steps can leave your organization without direction. Read ahead to learn more about the six vital elements of strategic planning: vision, mission, objectives, strategy, approach, and tactics.
How are shareholders affected by a firms strategies?For instance, it is easy to see how shareholders are affected by firm strategies—their wealth either increases or decreases in correspondence with the firm's actions. Other parties have economic interests in the firm as well, such as parties the firm interacts with in the marketplace, including suppliers and customers.
What type of management reflects what a firm is doing to achieve its mission and vision as seen by its achievement of specific goals and objectives?Strategic management reflects what a firm is doing to achieve its mission and vision, as seen by its achievement of specific goals and objectives.
When a scorecard is disseminated strategy becomes a tool specifically for top management quizlet?When a scorecard is disseminated, strategy becomes a tool specifically for top management. The way that the firm is organized can affect goals and objectives in a number of ways. Goals are typically not set for the organization but for the stakeholders outside the organization.
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Firms that do the product leadership strategy well include which of the following factors:
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