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Exam 6: Organizational Strategy

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Question 1

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Masceo, an oil and gas company, suffered major losses due to damaged oil pipelines. In an attempt to cover its costs, it laid off several employees and closed down three of its refineries. Which of the following grand strategies was used by Masceo in this scenario?

A) The stability strategy
B) The growth strategy
C) The retrenchment strategy
D) The acquisition strategy

E) All of the above
F) B) and D)

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Question 2

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A situational analysis is an assessment of the strengths and weaknesses in an organization's internal environment and the opportunities and threats in its external environment.

A) True
B) False

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Question 3

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Chimera Inc., a chemical company, has been facing a loss in business. In an attempt to stop the declining profitability, it removed petrochemical products from its product list and concentrated on specialty chemicals, a less capital-intensive business. Which of the following grand strategies was used by Chimera in this scenario?

BlinkDream has four strategic business units (SBUs) -accommodation, insurance, music, and publishing. Its publishing unit has always made large profits and holds a large market share in its slow-growing market. In the context of the BCG matrix, which of the following categories of SBUs best describes the publishing unit?

Ian Auto manufactures agricultural equipment. Its agricultural equipment is very popular in countries that have majority of their income coming from agricultural products. In the context of industry-level strategy, Ian Auto is most likely using a(n) _____.

Maymart Inc. sells its products at the lowest prices in the industry, and it believes that this is the best way to stay ahead of its competition. It has also not compromised on the quality of its products as Maymart's suppliers and vendors sell best quality raw materials at the lowest prices. In the context of Porter's positioning strategies, which of the following strategies has been adopted by Maymart?

Imperfectly imitable resources are those resources that are impossible or extremely costly or difficult to duplicate.

Which of the following best defines cash cows in the BCG matrix?

__________is a strategy for reducing risk by buying a variety of items so that the failure of one stock or one business does not doom the entire portfolio.

Kensei Corp. has three strategic business units (SBUs) -pharmaceutical, publishing, and consulting. Its pharmaceutical unit is relatively new in the sector and does not have a large market share. The pharmaceutical sector is a fast-growing sector, and companies with a large market share in the sector have been earning large profits. In the context of the BCG matrix, which of the following categories of SBUs best describes the pharmaceutical unit?

In the context of Porter's five industry forces, the threat of new entrants can be defined as

Serrano, a clothing and apparel company, suffered major losses when one of its warehouses was destroyed in a fire mishap. In an attempt to make up for these losses, it had to sell one of its product lines to a rival company. Which of the following grand strategies was used by Serrano in this scenario?

Limeria Inc., an industrial paint manufacturing company, has been incurring losses. In an attempt to stop this, it removed synthetic distempers from its product list and concentrated on enamel paints, a less capital-intensive business. Which of the following grand strategies was used by Limeria in this scenario?

__________is one of the grand strategies that focuses on increasing profits, revenues, market share, or the number of places in which a company does business.

Ziff Corp. was a leading electronics firm for about three decades. As new competitors entered the industry, Ziff Corp's market share dropped. The managers at Ziff Corp. refuse to change any of their strategies, as they believe that their existing strategies will get them back to becoming the market leaders as they did in the past. This scenario is an example of _____.

SmartHand, a company that manufactures wrist watches, has started manufacturing and selling sunglasses in the American market. The products turn out to be a huge success. Inspired by SmartHand's success, Jeremy & Daniel, manufacturers of wrist watches in Europe, start selling sunglasses in the European market. In the context of adaptive strategies, Jeremy & Daniel would most likely be categorized as a(n) _____.

__________refers to the strategic actions taken after retrenchment to return to a growth strategy.

Funsase, a clothing company in Rockbourne, manufactures clothing with micro-cool, a special type of fabric that can absorb heat and keep the individual wearing the clothes cool in the summer. None of its competitors have been able to manufacture this type of clothing. This ability of producing superior quality clothing is the company's _____.

Organizations can achieve a competitive advantage by using their resources to:

A(n) _____ is a countermove, prompted by a rival's attack, that is designed to defend or improve a company's market share or profit.