STR581 STR581 WEEK 5 QUIZ

1. This is concerned with tracking a strategy as it is being implemented, detecting problems or changes in its underlying premises, and making necessary adjustments.
Strategy evaluation
Strategic implementation
Strategic control
Strategic decision-making
2. Strategic surveillance must be kept
as focused as possible
as unfocused as possible
as fast as possible
internal
3. This, called kaizen in Japanese, is the process of relentlessly trying to find ways to improve and enhance a company's products and processes from design through assembly, sales, and service.
CCC21
Incremental innovation
Continuous improvement
Six Sigma
4. CCC21 stands for
Competitive cost competency in the 21st century
Construction of cost competitiveness for the 21st century
Cost chain competition for the 21st century
Continuous cost competitiveness in the 21st century
5. The DMAIC (define, measure, analyze, improve, and control) process is relevant to
CCC21
Balanced scorecard
Strategic matrix analysis
Six Sigma
6. This idea factor involves following demographic and other broad trends and trying to develop ideas that may be relevant and useful.
Mental invention
Trend following
Market research
Solution spotting
7. While these may under perform established products in mainstream markets, they often offer features or capabilities appreciated by some fringe customer group.
Throughput technologies
Acquired innovations
Disruptive innovations
Lagging innovations
8. These are also referred to as crowdsourcing or open innovation.
Ideagoras
Disruptors
Sustainers
Golddiggers
9. Short-term objectives are usually
Completed within 2 months
Quantitative
Qualitative
Set to be completed within 5 years
10. Short-term objectives assist strategy implementation by identifying measurable outcomes of action plans or functional activities, which can make feedback, correction, and evaluation
More relevant and acceptable
More expensive
More difficult
More geared toward growth
11. Discussion about and agreement on short-term objectives help raise issues and potential conflicts within an organization that usually
Need little coordination
Require additional personnel
Focus on public relations
Require organizational coordination
12. Key, routine activities that must be undertaken in each department of the organization are
Business tactics
Resource tactics
Functional tactics
Corporate tactics
13. In which type of strategy do functional tactics translate into action designed to accomplish specific short-term objectives?
Corporate strategy
Grand strategy
Operational strategy
Tactical strategy
14. A leader- vision should be
varied
complex
simple
Long
15. The effort to familiarize future leaders with the skills important to the company and to develop exceptional leaders among the managers you employ is
Identifying an action plan
Education and leadership development
Developing principles
Creating passion
16. Organizational culture includes important assumptions shared by members of the organization. These assumptions are often
Very similar to all other organizations in that industry
Very obvious to outsiders
Unstated
Formalized
17. Power Fund is a long-standing brokerage firm with a great history of high returns and well-managed growth. The managers at Power Fund repeatedly refer to terms like quality, growth, and reliability in the firm's advertisements. This demonstrates managers
Dissemination of stories and legends about core values
Emphasis on key themes or dominant values
Building time into the organization
Managing the firm globally
18.  These create differences across national boundaries that influence how people interact, read personal cues, and otherwise interrelate socially.
Values
Religions
Social norms
Educations