COB 487 Final UPDATED Exam Questions and CORRECT Answers
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Course
COB 487
Institution
COB 487
COB 487 Final UPDATED Exam Questions
and CORRECT Answers
strategy implementation - CORRECT ANSWER- the sum total of all activities and
choices required for the execution of a strategic plan
The who - CORRECT ANSWER- People going to carry out the strategic plan
The what - CORRECT ANSWER- acti...
COB 487 Final UPDATED Exam Questions
and CORRECT Answers
strategy implementation - CORRECT ANSWER- ✔✔the sum total of all activities and
choices required for the execution of a strategic plan
The who - CORRECT ANSWER- ✔✔People going to carry out the strategic plan
The what - CORRECT ANSWER- ✔✔action that has to be done to align company operations
in the intended direction
The how - CORRECT ANSWER- ✔✔The way everyone is going to work together to do
what is needed
Strategy Implementation Problems - CORRECT ANSWER- ✔✔1.Took more time than
planned
2.Unanticipated major problems
3.Ineffective coordination
4.Competing activities and crises created distractions
5.Employees with insufficient capabilities
6.Lower-level employees were inadequately trained
7.Uncontrollable external environmental factors
8.Poor departmental leadership and direction
,9.Inadequately defined implementation tasks and activities
10.Inefficient information system to monitor activities
Timing tactic - CORRECT ANSWER- ✔✔deals with when a company implements a strategy
First mover - CORRECT ANSWER- ✔✔first company to manufacture and sell a new
product or service
Late Movers - CORRECT ANSWER- ✔✔may be able to imitate the technological advances
of others, keep risks down by waiting until a new technological standard or market is
established and take advantage of the first mover's natural inclination to ignore market
segments
Market location tactic - CORRECT ANSWER- ✔✔deals with where a company implements
a strategy
Offensive tactic - CORRECT ANSWER- ✔✔Usually takes place in an established
competitor's market location
Defensive tactic - CORRECT ANSWER- ✔✔Usually takes place in a firm's own current
market position as a defense against possible attack by a rival
Defensive Tactics - CORRECT ANSWER- ✔✔- Raise structural barriers
- Increase expected retaliation
- Lower the inducement for attack
, Budget - CORRECT ANSWER- ✔✔Planning a ________ is the last real check a corporation
has on the feasibility of its selected strategy
Procedures - CORRECT ANSWER- ✔✔- Detail various activities that must be carried out to
complete a corporation's programs.
- Standard operating procedures are an example
Forms of synergy - CORRECT ANSWER- ✔✔- Shared know-how
- Coordinated strategies
- Shared tangible resources
- Economies of scale or scope
- Pooled negotiating power
- New business creation
Structure Follows Strategy - CORRECT ANSWER- ✔✔changes in corporate strategy lead to
changes in organizational structure
1.New strategy is created
2.New administrative problems emerge
3.Economic performance declines
4.New appropriate structure is invented
5.Profit returns to its previous level
Simple Structure - CORRECT ANSWER- ✔✔Stage 1 of corporate development. Flexible
and dynamic.
Functional Structure - CORRECT ANSWER- ✔✔Stage 2 of corporate development.
Entrepreneur is replaced by a team of managers.
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