STR581 STR581 WEEK 5 QUIZ (SCORE 100%) - 75774

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anjis_devis

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  • Posted on: Tue 14 Oct, 2014
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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’s 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 ?
Solution Description

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 centu

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