While these may under perform established products in


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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