Bossidy and Charan believe that to excel at execution, a leader should

Bossidy and Charan believe that to excel at execution, a leader should 

A. be hands-off once the strategy is set.
B. micromanage the tactics.
C. empower employees to take over the execution.
D. probe for weaknesses in the substance and details.
E. let the plan run its course before attempting to revise it.

Answer: D

Which of the following is not a behavior of a leader who executes?

Which of the following is not a behavior of a leader who executes? 

A. Reward the doers.
B. Insist on realism.
C. Follow through.
D. Know yourself.
E. Respect others' limitations.

Answer: E

Which of the following is not a question that Bossidy and Charan believe a strong strategic plan must address?

Which of the following is not a question that Bossidy and Charan believe a strong strategic plan must address? 

A. How will deviations from the plan be handled?
B. What is the assessment of the external environment?
C. What are the critical issues facing the business?
D. Can the business execute the strategy?
E. Are the short term and long term balanced?

Answer: A

According to Bossidy and Charan, which business process is most important for effective execution?

According to Bossidy and Charan, which business process is most important for effective execution?

A. Strategy
B. People
C. Alignment
D. Operations
E. Research

Answer: B

According to Bossidy and Charan, effective ______ requires managers to build a foundation for it within three core process: people, strategy, and operations.

According to Bossidy and Charan, effective ______ requires managers to build a foundation for it within three core process: people, strategy, and operations. 

A. tactical planning
B. strategy
C. follow-through
D. execution
E. controlling

Answer: D

A recent survey found that the top concern among CEOs worldwide is

A recent survey found that the top concern among CEOs worldwide is 

A. profit growth.
B. customer loyalty.
C. excellence in execution.
D. stimulating innovation.
E. finding qualified employees.

Answer: C

Apple's iPad has a very high percentage of the market for tablet computers, and this is also a quickly growing market. Thus, using the BCG matrix, the iPad would be classified as a

Apple's iPad has a very high percentage of the market for tablet computers, and this is also a quickly growing market. Thus, using the BCG matrix, the iPad would be classified as a 

A. star.
B. cloud.
C. question mark.
D. cash cow.
E. dog.

Answer: A

Daniel is assessing his company's portfolio of products. One of them is the best-selling brand of mayonnaise, although this is now a slow-growing market. If Daniel uses the BCG matrix, he would classify this product as a

Daniel is assessing his company's portfolio of products. One of them is the best-selling brand of mayonnaise, although this is now a slow-growing market. If Daniel uses the BCG matrix, he would classify this product as a 

A. star.
B. cloud.
C. question mark.
D. cash cow.
E. dog.

Answer: D

Which of the following strategy tools suggests that an organization will do better in fast-growing markets in which it has a high market share rather than in slow-growing markets in which it has a low market share?

Which of the following strategy tools suggests that an organization will do better in fast-growing markets in which it has a high market share rather than in slow-growing markets in which it has a low market share? 

A. SWOT analysis
B. Porter's model for industry analysis
C. Porter's competitive strategies
D. The BCG matrix
E. Trend analysis

Answer: D

_____ refers to the idea that the economic value of separate, related businesses under one ownership and management is greater together than the businesses are worth separately.

_____ refers to the idea that the economic value of separate, related businesses under one ownership and management is greater together than the businesses are worth separately. 

A. Structural benefit
B. Synergy
C. Selective function
D. Alignment
E. Consolidation

Answer: B

Which of the following is most likely to use a diversification strategy?

Which of the following is most likely to use a diversification strategy? 

A. A tax preparation business
B. A flower shop
C. A lawn service
D. A grocery store
E. A shoe store

Answer: D

Time Warner runs different divisions specializing in television, music, and publishing. Time Warner is using a(n) ______ strategy.

Time Warner runs different divisions specializing in television, music, and publishing. Time Warner is using a(n) ______ strategy. 

A. stability
B. defensive
C. diversification
D. differentiation
E. infiltration

Answer: C

The benefit of the single-product strategy for a company is

The benefit of the single-product strategy for a company is 

A. synergy.
B. focus.
C. isolated systems.
D. differentiation.
E. lower costs.

Answer: B

Which of the following carmakers pursues a focused-differentiation strategy?

Which of the following carmakers pursues a focused-differentiation strategy? 

A. Ferrari
B. Ford
C. Volkswagen
D. Honda
E. Kia

Answer: A

An organization that offers unique, superior products or services to a narrow market is pursuing a strategy of

An organization that offers unique, superior products or services to a narrow market is pursuing a strategy of 

A. cost leadership.
B. differentiation.
C. cost focus.
D. diversification.
E. focused differentiation.

Answer: E

An organization that keeps costs and prices low in targeting a narrow market is pursuing a strategy of

An organization that keeps costs and prices low in targeting a narrow market is pursuing a strategy of 

A. cost leadership.
B. differentiation.
C. cost focus.
D. stability.
E. focused differentiation.

Answer: C

Timex Group USA makes inexpensive but reliable watches sold throughout the United States and is an example of an organization pursuing a _________ strategy.

Timex Group USA makes inexpensive but reliable watches sold throughout the United States and is an example of an organization pursuing a _________ strategy. 

A. cost-leadership
B. differentiation
C. cost-focus
D. focused-differentiation
E. retrenchment

Answer: A

An example of a firm that pursues a differentiation strategy is

An example of a firm that pursues a differentiation strategy is 

A. Cartier.
B. Lexus.
C. Bic.
D. A regional discount gas station chain.
E. Home Depot.

Answer: C

An organization that is offering unique, superior products or services to a wide market is pursuing a strategy of

An organization that is offering unique, superior products or services to a wide market is pursuing a strategy of 

A. cost leadership.
B. differentiation.
C. cost focus.
D. diversification.
E. focused differentiation.

Answer: B

An organization is developing a low-cost line of environmentally friendly cleaning products that it intends to distribute internationally. Here, the organization is following a ______ strategy.

An organization is developing a low-cost line of environmentally friendly cleaning products that it intends to distribute internationally. Here, the organization is following a ______ strategy. 

A. cost leadership
B. differentiation
C. cost focus
D. retrenchment
E. focused-differentiation

Answer: A