Key ingredient of successful strategy

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Reference no: EM132227348

1. A matrix organization can best be described as:

A. An organization where the sales department and the finance department report to the same Mgr.

B. An organization that relies strictly on a vertical reporting arrangement

C. An organization where managers serve on cross functional teams to achieve corporate goals

D. An organization that achieves its sales and profit goals through classical delineation of authority

2. An organization skilled at creating, acquiring, and transferring knowledge and at modifying its behavior to reflect new knowledge and insights is described as:

A. A progressive organization

B. An adaptive organization

C. A strategic organization

D. A learning organization

3. Which of the following is not a key ingredient of a successful strategy:

A) A manufacturing facility close to your raw material suppliers

B) A clear understanding of your competitive environment

C) Competitive advantage

D) Time commitment and effective deployment and implementation

4. Which of the following is NOT a benefit of Strategic Management?

A) Clearer sense of strategic vision

B) Reduced operating costs

C) Sharper focus on what is strategically important

D) Improved understanding of a rapidly changing environment

5. Globalization can best be described as:

A) Outsourcing labor to improve profits

B) Expanding beyond a company’s primary Industry

C) The internationalization of products and markets

D) Profit maximization based on multiple manufacturing centers

Reference no: EM132227348

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