BUS 302 BUS302 Quiz 4 (STRAYER)

BUS 302 Quiz 4

1. A ____, also called a SWOT analysis for strengths, weaknesses, opportunities, and threats, is an assessment of the strengths and weaknesses in an organization's internal environment and the opportunities and threats in its external environment.
2. An organization is experiencing ____ when it is reluctant to change strategies or competitive practices that have been successful in the past.
3. Significant cost reductions, layoffs of employees, closing of poorly performing stores, offices, or manufacturing plants, or closing or selling entire lines of products or services would be characteristic of a ____ strategy.
4. A sustainable competitive advantage exists for an organization when other companies have tried unsuccessfully to duplicate the advantage and ____.
5. Glassmaker AFG Industries positions itself as the primary supplier of glass used in microwave doors, shower doors, and patio tables. What type of a positioning strategy does the glass manufacturer use?
6. _______ are the assets, capabilities, processes, information, and knowledge that an organization uses to improve its effectiveness and efficiency, to create and sustain competitive advantage, and to fulfill a need or solve a problem.
7. Companies that are following a ____ strategy would be most likely to try to improve the way in which they sell the same goods or services to the same customers.
8. Resource similarity and ____ are factors that determine the extent to which firms will be in direct competition with each other.
9. The research on diversification in portfolio management indicates that the best approach is probably ____.
10. An organization which is a ____ in terms of its adaptive strategy would NOT follow a consistent strategy.
11. A(n) ____ is a resource that is impossible or extremely costly or difficult for other firms to duplicate.
12. From a competitive standpoint, ____ means that the strategic actions your company takes can probably be matched by your direct competitors.
13. The purpose of a ____ strategy is to turn around very poor company performance by shrinking the size or scope of the business.
14. Deutsche Bank became the world’s largest bank through mergers with Bankers Trust, a transatlantic banking operation. Since both banking companies had similar core capabilities, this would be classified as an example of ____.
15. McDonald's uses a ____ strategy (a kind of grand strategy) as it increases its profits in France by offering uniquely French products such as Croque McDo, the McDonald's version of a popular French grilled sandwich.
16. A(n) ____ is the individual who is formally in charge of guiding a change effort.
17. ____ is the phase of a technology cycle characterized by technological substitution and design competition.
18. Creativity was needed to improve efficiency without raising costs at one automobile maker. Over the last few years, the company has successfully implemented a creative engineering program that allows its plants to produce more than one type of car from the same assembly line. This successful change to a flexible manufacturing system is an example of ____.
19. Nearly all technology cycles follow the typical ____ pattern of innovation.
20. Companies need to excel at managing ____ in order to successfully manage innovation streams.
21. Kodak is a company associated with photography. The development of the digital camera forced Kodak into the innovation stream because the new imaging process was a(n) ____.
22. What is the first step for managing innovation during discontinuous change?
23. Unverferth Manufacturing makes agricultural equipment. It used finite element analysis (FEA) software to speed up the design cycle for its 12-row sub-soiler. Which aspect of the compression approach to innovation would the use of this software apply?
24. The purchase of new technologies to replace older ones is an example of ___.
25. Organizational ____ is the successful implementation of creative ideas in organizations.
26. The development of the DVD player was a source of ____ to companies in the movie industry just as VHS tapes had once been.
27. ____ is the knowledge, tools, and techniques used to transform inputs into outputs.
28. The ____ approach to managing innovation assumes that innovation is a predictable process made up of a series of steps and that compressing the time it takes to complete those steps can speed up innovation.
29. Which of the following is one of the three steps in the basic process of managing organizational change outlined by Kurt Lewin?
30. ____ refers to the production of novel and useful ideas.