Strategy Ch 8-12

Advanced statistical method to improve quality by reducing defects and variability

The "triple bottom line test" analyzes a companies performance on what three dimensions?

Building a multi-business company in which the whole is greater than the sum of its parts.

The shifting of capital from business units generating cash flows to others needing cash flows.

What is an example of a symbolic culture changing action?

Staffing, developing key capabilities and structuring work effort are required for:

Diversification into any business in any industry where there is an opportunity for profit

A strong culture encourages actions, behaviors, and work practices that are in sync with the

Cost reductions that flow from operating in multiple businesses (larger scope of operation)

The middle position between ethical relativism and ethical universalism

Allowing the person closest and most knowledgeable about the situation to make decisions is:

Businesses having matching specialized resource requirements along their value chain have:

Which of the following is not a step in evaluating a companies diversification strategy

Making major changes in a diversified company by divesting some companies and acquiring others

Providing top-down guidance can aid the task of implementing strategy

A company's value statement and code of ethics

Deliberate actions to protect the environment and provide the longevity of natural resources

Which of the following is not a method that managers can use to promote operating excellence?

Involves radically redesigning how an activity is performed to achieve performance improvements

Refers to a companies duty to operate in an honourable manner

Building an organization capable of good strategy execution entails

Businesses generating cash flows over and above its internal requirements are called:

The strength of a company's corporate culture is a product of

Owner manager makes all of the decisions in this type of structure

A configuration composed of independent organizations engaged in a common undertaking

A company's stated core values and ethical principles have two roles one of which is to:

Performing an activity or business process that consistently delivers superior results

Adapting competitors best practices to fit the company's own specific circumstances is:

The Six Sigma process of define, measure, analyze, design, and verify (DMADV) is used to

Resource allocation to new strategic initiatives is important to strategy execution because

Which of the following are approaches to building and strengthening capabilities

What are the two best tests of good strategy execution

Management approach that emphasizes continuous improvement in all phases of operations

Which of the following is a driver of unethical business strategy and behaviour

___ applies the local ethical standards which may be different than home standards

A downfall of six sigma quality programs is:

Sharing costs by combining value chain activities into a single operation is an example of:

Government fines and penalties are an example of what type of ethical cost?

What defines an insular, inwardly focused culture

Overhauling and streamlining the activities of a business and improving operating efficiency

___holds that the most fundamental concepts of right and wrong are universal

What does good strategy execution require?

Companies with multinational operations and/or newly acquired businesses typically have

The test of corporate advantage includes what three tests:

A company's culture is in part defined and identified by

A company that pursues improvements in operating efficiency, while also focusing on R&D is:

Well-conceived policies and operating procedures facilitate good strategy execution by

An adaptive culture

Which of the following is a factor that makes a politicized internal environment so unhealthy

A weak culture firm