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Str 581 week 5 knowledge check

15/12/2020 Client: saad24vbs Deadline: 2 Day

STR 581 Week 5 Knowledge Check


1. These create differences across national boundaries that influence how people interact, read personal cues, and otherwise interrelate socially.


Educations


Religions


Values


Social norms


2. The DMAIC (define, measure, analyze, improve, and control) process is relevant to


balanced scorecard


strategic matrix analysis


Six Sigma


CCC21


3. While these may under perform established products in mainstream markets, they often offer features or capabilities appreciated by some fringe customer group.


Acquired innovations


Disruptive innovations


Throughput technologies


Lagging innovations


4. A leader’s vision should be


varied


complex


simple


long


5. Short-term objectives assist strategy implementation by identifying measurable outcomes of action plans or functional activities, which can make feedback, correction, and evaluation


more expensive


more geared toward growth


more difficult


more relevant and acceptable


6. Power Fund is a long-standing brokerage firm with a great history of high returns and well-managed growth. The managers at Power Fund repeatedly refer to terms like quality, growth, and reliability in the firm’s advertisements. This demonstrates managers’


dissemination of stories and legends about core values.


building time into the organization.


emphasis on key themes or dominant values.


managing the firm globally.


7. This is concerned with tracking a strategy as it is being implemented, detecting problems or changes in its underlying premises, and making necessary adjustments.


Strategic implementation


Strategy evaluation


Strategic control


Strategic decision-making


8. This, called kaizen in Japanese, is the process of relentlessly trying to find ways to improve and enhance a company’s products and processes from design through assembly, sales, and service.


CCC21


Incremental innovation


Continuous improvement


Six Sigma


9. Strategic surveillance must be kept


internal.


as fast as possible.


as focused as possible.


as unfocused as possible.


10. The effort to familiarize future leaders with the skills important to the company and to develop exceptional leaders among the managers you employ is


identifying an action plan


creating passion


developing principles


education and leadership development


11. Key, routine activities that must be undertaken in each department of the organization are


resource tactics


corporate tactics


functional tactics


business tactics


12. CCC21 stands for


continuous cost competitiveness in the 21st century.


cost chain competition for the 21st century.


competitive cost competency in the 21st century.


construction of cost competitiveness for the 21st century.


13 Discussion about and agreement on short-term objectives help raise issues and potential conflicts within an organization that usually


require additional personnel


focus on public relations


need little coordination


require organizational coordination


14. This idea factor involves following demographic and other broad trends and trying to develop ideas that may be relevant and useful.


Mental invention


Trend following


Solution spotting


Market research


15. Organizational culture includes important assumptions shared by members of the organization. These assumptions are often


very obvious to outsiders


unstated


formalized


very similar to all other organizations in that industry


16. These are also referred to as crowdsourcing or open innovation.


Disruptors


Ideagoras


Sustainers


Golddiggers


17. Short-term objectives are usually


quantitative


set to be completed within 5 years


qualitative


completed within 2 months


18. In which type of strategy do functional tactics translate into action designed to accomplish specific short-term objectives?


Operational strategy


Tactical strategy


Corporate strategy


Grand strategy


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