STR 581 Week 5 Practice Quiz

·  1

Strategic surveillance must be kept

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Correct

·  2

These are also referred to as crowdsourcing or open innovation.

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Correct

·  3

In which type of strategy do functional tactics translate into action designed to accomplish specific short-term objectives?

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Correct

·  4

CCC21 stands for

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Correct

·  5

Organizational culture includes important assumptions shared by members of the organization. These assumptions are often

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Correct

·  6

The DMAIC (define, measure, analyze, improve, and control) process is relevant to

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Correct

·  7

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.

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CCC21

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Incremental innovation

Correct

·  8

While these may under perform established products in mainstream markets, they often offer features or capabilities appreciated by some fringe customer group.

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Correct

·  9

A leader’s vision should be

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Correct

·  10

This is concerned with tracking a strategy as it is being implemented, detecting problems or changes in its underlying premises, and making necessary adjustments.

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Correct

·  11

These create differences across national boundaries that influence how people interact, read personal cues, and otherwise interrelate socially.

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Correct

·  12

Key, routine activities that must be undertaken in each department of the organization are

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business tactics

Correct

·  13

The effort to familiarize future leaders with the skills important to the company and to develop exceptional leaders among the managers you employ is

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developing principles

Correct

·  14

Short-term objectives assist strategy implementation by identifying measurable outcomes of action plans or functional activities, which can make feedback, correction, and evaluation

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Correct

·  15

This idea factor involves following demographic and other broad trends and trying to develop ideas that may be relevant and useful.

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Market research

Correct

·  16

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'

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Correct

·  17

Discussion about and agreement on short-term objectives help raise issues and potential conflicts within an organization that usually

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focus on public relations

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Correct

·  18

Short-term objectives are usually

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set to be completed within 5 years