S | M01, Assignment 2

The process by which an organization creates the product or service it offers to the customer is known as the

• value chain.

• M&A process.

• strategic planning process.

• due diligence.

One of the following is a warning environmental scanning factor for business expansion in new locations.

• high purchase power customers

• labor market shortage

• availability of new technologies that can make organization more efficient

• weak competition

Which of the following types of information is found during an environmental scan?

• Profit margins

• Organizational strengths

• Competitive threats

• Turnover cost

Motivating employees to work toward organizational goals takes place during which phase of the strategic planning process?

• Development

• Formulation

• Evaluation

• Implementation

What is the MAIN purpose for outsourcing?

• It creates a strategy for decreasing competition and enhancing collaboration.

• It projects an image of the organization as a desirable employer.

• It identifies and develops critical skills in the existing talent pool.

• It enables the organization to focus on core activities.

A strategy that tries to gain a competitive advantage by providing exceptionally high quality is using which grand strategy?

• Cost leadership

• Retrenchment

• Focus

• Differentiation

The purpose of competitor analysis is

• to assess the strengths, weaknesses, and strategies of competitors

• to ensure the availability of resources

• to learn whether substitute products are available

• to evaluate the loyalty and satisfaction of a firm's consumers

An organization strategy explains how it

• has designed its reporting relationships

• hopes to decentralize decision making

• expects to communicate with the public

• plans to achieve a sustained competitive advantage

Rivalry among competing firms is especially strong when

• products are unique and can be easily differentiated

• one firm is much stronger than all others

• the market is declining or the firms fear loss of market share

• the industry is expanding

To increase an HR department strategic impact in an organization. Which of the following is the most effective plan?

• Observe board meetings

• Develop the HR team

• Promote HR job rotation

• Benchmark against competitors