MGMT 182 -
Strategic Management
STUDY GUIDE FOR
EXAM III
INSTRUCTIONS
Exam III includes Chapters 10, 11, 12, and 13. Please come to class thoroughly prepared based on this study guide on the days the aforementioned chapters are scheduled to be covered.
1. The procedural steps in evaluating and critiquing a diversified company's strategy include:
2. What makes the managerial task of strategy implementation and execution so challenging and demanding is:
3. Management's handling of the strategy implementation process can be considered successful is and when:
4. In developing an action agenda for implementing and executing the chosen strategy, managers at all levels should:
5. The managerial task of implementing strategy primarily falls upon the shoulders of:
6. Building an organization capable of competent strategy implementation and execution entails:
7. An organizational competence or capability is transformed into a distinctive competence when:
8. Structuring the organization to promote successful strategy execution involves:
9. To identify what an organization's strategy-critical value chain activities are, one should seek answers to which of the following questions?
10. Outsourcing non-critical value chain activities offers such advantages as:
11. As an organization's strategy evolves to stay in touch with changing external circumstances, it is normal for the organization structure to:
12. Delegating greater authority to subordinate managers and employees:
13. The case for empowering employees to make decisions and be accountable for their performance is based on the belief that:
14. Reengineering how a firm performs a business process:
15. Managers charged with implementing and executing strategy need to be deeply involved in the budgeting and resource allocation process because:
16. Prescribing new policies and operating procedures can aid the task of implementing strategy:
17. A useful guideline in designing strategy-facilitating policies and operating procedures is:
18. Total quality management (TQM) entails:
19. The term "best practices" refers to:
20. The big difference between reengineering and continuous improvement programs like TQM is that:
21. From a strategy-implementing/strategy-executing perspective, well conceived, state-of-the-art support systems help:
22. The management task of linking the reward system tightly to the needs of strategy involves:
23. An important aspect of creating a good strategy-supportive system of rewards and incentives is to:
24. To win strong employee commitment to competent strategy execution, management has to use reward and incentives in ways that:
25. The culture of an organization is defined and identified by such factors as:
26. In a strong culture company values and beliefs are:
27. Unhealthy company cultures typically have such characteristics as:
28. Generally, management actions and initiatives to tighten the culture-strategy fit ought to:
29. Managers who are successful in exercising good strategic leadership exhibit such characteristics as:
30. The leadership task of creating a flexible, responsive, innovative internal environment involves:
31. Top management leadership in creating a flexible, responsive, innovative internal environment is especially important in such contexts as:
336 MGMT 182 Study Guide for
Exam III