Strategy Implementation - Management and Marketing

What is the primary benefit sought from restructuring in an organization?

• Creating a strategy-supportive culture

• Improving cost, quality, service, and speed

• Reducing the size of the firm

• Developing a diverse workforce

What is the role of policies in strategy implementation?

• Promote delegation of decision making

• Set boundaries, constraints, and limits on administrative actions

• Clarify what work is to be done and by whom

• Reduce the amount of time managers spend making decisions

What is the purpose of annual objectives in strategy implementation?

• Establish organizational priorities

• Represent the basis for allocating resources

• Reduce the amount of time managers spend making decisions

• Promote delegation of decision making

What is the nature of conflict in strategy implementation?

• Disagreement between two or more parties on one or more issues

• Indifference and apathy

• Physical separation of conflicting individuals

• Holding meetings to seek compromise

What is the purpose of a matrix structure in an organization?

• Creates shared authority and reporting

• Facilitates clear project objectives

• Requires excellent vertical and horizontal flows of communication

• Violates unity of command principle

What is NOT the strategic human resource issues discussed in the text?

• Developing a diverse workforce

• Balancing work life with home life

• Where and how to produce goods

• Linking performance and pay to strategy

What is NOT the key strategic marketing issues discussed in the text?

• To offer a complete warranty

• How to monitor employees' social media

• How to make advertisements more interactive

• To use exclusive dealerships or multiple channels of distribution

What is the purpose of a strategic business unit (SBU) structure?

• Leads to communication problems

• Allows for rapid decision making

• Minimizes need for elaborate control system

• Groups similar divisions into strategic business units

What is NOT the symptoms of an ineffective organizational structure?

• Too many levels of management

• Too much attention being directed toward solving interdepartmental conflicts

• Declining corporate or business performance

• Small span of control

What are the types of resources involved in resource allocation for strategy execution?

• Financial, Physical, Human, Technological

• Financial, Intellectual, Human, Technological

• Financial, Physical, Intellectual, Technological

• Financial, Physical, Human, Intellectual