STR 581 Week 5 Knowledge Check(100% correct............ - 68713

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

Educations

Religions

Values

Social norms

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

balanced scorecard

strategic matrix analysis

Six Sigma

CCC21

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

Acquired innovations

Disruptive innovations

Throughput technologies

Lagging innovations

4. A leader’s vision should be

varied

complex

simple

long

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

more expensive

more geared toward growth

more difficult

more relevant and acceptable

6. 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.

building time into the organization.

emphasis on key themes or dominant values.

managing the firm globally.

7. 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 implementation

Strategy evaluation

Strategic control

Strategic decision-making

8. 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

9. Strategic surveillance must be kept

internal.

as fast as possible.

as focused as possible.

as unfocused as possible.

10. 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

creating passion

developing principles

education and leadership development

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

resource tactics

corporate tactics

functional tactics

business tactics

12. CCC21 stands for

continuous cost competitiveness in the 21st century.

cost chain competition for the 21st century.

competitive cost competency in the 21st century.

construction of cost competitiveness for the 21st century.

13

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

require additional personnel

focus on public relations

need little coordination

require organizational coordination

14. 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

Solution spotting

Market research

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

very obvious to outsiders

unstated

formalized

very similar to all other organizations in that industry

16. These are also referred to as crowdsourcing or open innovation.

Disruptors

Ideagoras

Sustainers

Golddiggers

17. Short-term objectives are usually

quantitative

set to be completed within 5 years

qualitative

completed within 2 months

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

Operational strategy

Tactical strategy

Corporate strategy

Grand strategy

 

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