STRATEGIC MANAGEMENT (the last)

Sustained servival implies

• that a turnaround is achieved but there is little further growth

• that a turnaround is achieved and there is potential for further growth

• that a turnaround is achieved and there is a clear opportunity to employ a new growth strategy

• that a turnaround is achieved and it is appropriate to diversify soon

Divestment is what kind of strategy?

• An asset-reduction strategy
• A weakness-reduction strategy
• A product-reduction strategy
• A cost-reduction strategy

In which of the following scenarios is a joint venture likely to be more attractive than acquisition?

• Horizontal integration
• Vertical integration
• New market entry
• Larger resource pool

McDonolds is deciding whether to expand into manufacturing kitchen equipment in China. At what level is this decision likely to be made?

• Business
• Corporate
• Functional
• International

Corporate governance is concerned with:

• Executive remuneration, disclosure of information, auditing and accounting procedures, and organizations' management structures
• Elections to the board of directors
• Relationships with national governments
• Corporate-level strategy

The slowest way to growa business is likely to be through:

• A merger
• outsourcing
• Internal development
• A strategic alliance

The value chain is subdivided into two main headings. These are primary activities and:

• Peripheral activities
• Support activities
• Secondary activities
• Outsourced activities

A joint venture can be defined as

• Two firms collaborate together on a specific project
• One firm licenses its intellectual property to another firm
• Two firms merge together
• Two firms come together to form a third, legally separate firm

___________ are short-term milestones or benchmarks thar organizations must achieve in order for longer term objectives are to be reached:

• Vision
• Mission
• Plans
• Goals

Which of the following is not a recognized element of corporate strategy?

• Competitive advantage
• Closure
• Acquisition
• Divestment