Strategic Management Quiz 2

Under the VRIO framework, which four characteristics of organizational assets are associated with the development of competitive advantage?

What type of strategic control involves monitoring and interpreting a broad range of internal and external events that affect business strategy?

• Premise control

• Special alert control

• Strategic Surveillance

Which program allows employees to buy shares at below market prices?

• ESOP

• MBO

• Group based bonus system

Which of the following is NOT considered a 'soft' element of the 7-S framework?

• Style

• Shared Values

• Skill

• System

Is it true that a few hierarchical levels (1-3) and a relatively wide span of control is called a Tall Structure?

• True

• False

In the BCG Matrix, what is a business unit with low growth potential and a small market share referred to as?

• Dogs

• Question mark

• Cash cow

What is it called when an organization reduces the number of its employees to reduce operating costs?

• Reengineering

• Restructuring

• Innovation

Which category of the BCG Model describes a fast-growing market leader?

• Star

• Question mark

• Cash cow

Which type of organizational structure is set up as a grid or matrix rather than in the traditional hierarchy?

• Functional

• Matrix

• Geographic

According to the GE McKinsey matrix, which zone indicates the need to adopt turnover strategies of divestment and liquidation or rebuilding approach?

• Green

• Red

• Yellow