Quiz 3 (Chapters 8 - 10_

Which term represents a kind of change necessary to achieve focus, competitiveness in a larger market?

The “S” in the SWOT analysis stands for _____. (Sec. 8.2)

Which is the process of planning and implementing actions that will lead to success in competition? (8.6)

At _ stage of the organizational life cycle, it becomes appropriate that many orgs have to reorganize or restructure.

Describes the process firms use to study and understand the different layers/aspects competitive environment?

ABC Products is good at marketing its sports products. This describes a  firm’s ___? (Sec.8.2)

_______ factors are characteristics of the firm itself. (8.1)

In the _ phase of the organizational life cycle, the organization is usually new, very small and agile.

The mission statement explains _ a firm will achieve its vision by outlining the _ behind it.

The “R” in VRIO refers to which of these? (Exb. 8.9)

In which structure does an organization have multiple reporting lines of authority for employees?

A car company is organized in four divisions according to the four different models of the vehicle that they produce.

__ includes facts about income, education levels, age groups, and the ethnic and racial composition of a population.   

Which term is perhaps the most common way of depicting the formal organization?

A firm’s ______ environment includes components inside the firm and outside the firm. (Sec. 8.2)

A _ strategy involves developing plans to increase the size of the firm's revenue, market share, or geographic reach.

What describes the process of establishing organizational structures to meet an organ's needs/manage complexity?

A(n) ______ is a potential situation that a firm is equipped to take advantage of.

Which model of change proposed the sequence of “Unfreeze, Move, Refreeze”?

While_ are things a firm has to work with, raw materials and employees, __ are things a firm can do,create value. (Ch.8)