Business Strategy
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Avg score: 33% • Most missed: “Quality of information and interpretation of it”
Business Strategy
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25 Questions

1. 1 Strategies are reviewed 2 Performance towards objective is measured 3 Corrective action is taken

2. When a corporation can take synergistic advantage of relationships with suppliers and/or customers in making an acquisition.

3. Quality of information and interpretation of it

4. Special Purpose Acquisition Company. Empty-shell firms that promise to buy businesses with the proceeds of their initial public stock offerings.

5. A value creating strategy that creates more perceived value by primarily reducing costs

6. Views the world as its unit of analysis - Plants are built to provide local marketing advantages - recognizes the importance of being flexible at the country-level operations - more responsive to local needs

7. A participative approach to planning in which there is involvement at all levels; plans are developed at the lower levels of an organisation and funnelled up through consecutive levels until they reach top management - advantage:People are responsibl

8. It is the process that involves a systematic survey and interruption of relevant data to identify external opportunities and threats and to assess how these factors affect the organization currently and how they are likely to affect the organization

9. Divestiture in which a corporation creates a new company out of one of its businesses. The new company has its own shares of stock and shareholders - and its own board of directors. Typically - shareholders of the corporation will receive newly iss

10. 1 Interest Rates 2 Gross Domestic Product (GDP) 3 Consumer Price Index (CPI) 4 Disposable Income 5 Inflation

11. It is a process not just written project plan that helps an organization focus on how to succeed in the future - where the company is now? - where does the company want to go? - How will the company get there?

12. These strategy requires that organizations focus on a particular buyer group - segment of the product line or geographical market within an industry. It is build around serving particular target to the exclusion of others.

13. Private (nonpublic) corporations or partnerships that use their financial resources to engineer buyouts and acquisitions of other companies.

14. It describes what is important to an organization and often dictate employee behavior. They are the heart of the culture of an organization.

15. Individuals or groups who depend on an organization to fulfill their own goals and on whom - in turn the organization depends.

16. It describes an organizational challenge and possible alternative solutions - presenting evidence in support of a proposed solution. They are effective way to compete for limited resources.

17. A tool to help you think about the wider issues that have an impact on the industry or service area as a whole - taking five main categories into account: Socio-cultural - Technological - Economic - Environmental - Political

18. These objectives are generally achieved within 3 to 5 years. Establishing these objectives provides direction - synergy and aids in establishing guidelines for evaluation.

19. Comparing similar functional firms in your industry

20. A company in which 70-95% of revenue comes from a single business

21. The types of decisions made and direction created for a single business

22. A method of planning in which corporate hq develops and provides guidelines - disadvantages: the method of planning restricts initiative at lower level - shows insensitivity to local conditions - advantages: headquarters formulates a plan; this ensur

23. It refers to relocation of processes or functions from a home country to another country and it appeals to organization for cost saving.

24. 1 Balance Scorecard

25. It can be defined as principles of conduct within an organization that guide decision making and behavior.

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