STR 581 Week 5 quiz (All correct)

STR 581 Week 5 quiz

All correct

1

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

     functional tactics

    corporate tactics

    resource tactics

    business tactics

2

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

    Social norms

    Religions

    Values

    Educations

3

CCC21 stands for

    competitive cost competency in the 21st century.

    continuous cost competitiveness in the 21st century.

    cost chain competition for the 21st century.

    construction of cost competitiveness for the 21st century.

4

Short-term objectives are usually

    quantitative

    qualitative

    set to be completed within 5 years

    completed within 2 months

5

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

    Market research

    Solution spotting

    Trend following

    Mental invention

6

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

    Grand strategy

    Operational strategy

    Corporate strategy

    Tactical strategy

7

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

    Lagging innovations

    Disruptive innovations

    Acquired innovations

    Throughput technologies

8

Strategic surveillance must be kept

    as fast as possible.

    as focused as possible.

    as unfocused as possible.

    internal.

9

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 difficult

    more geared toward growth

    more expensive

10

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

    CCC21

    Six Sigma

    balanced scorecard

    strategic matrix analysis

11

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.

    Incremental innovation

    Six Sigma

    Continuous improvement

    CCC21

12

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

    unstated

    very obvious to outsiders

    very similar to all other organizations in that industry

    formalized

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

    developing principles

    education and leadership development

    identifying an action plan

    creating passion

14

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.

15

A leader’s vision should be

    long

    simple

    varied

    complex

16

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

    Strategic control

    Strategy evaluation

    Strategic implementation

    Strategic decision-making

17

These are also referred to as crowdsourcing or open innovation.

    Ideagoras

    Golddiggers

    Sustainers

    Disruptors

18

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

    need little coordination

    require organizational coordination

    focus on public relations

    require additional personnel