A) they are necessary ingredients of a sound business model.
B) good strategy coupled with good strategy execution greatly raises the chances that a company will be a standout performer in the marketplace.
C) the management skills of top executives are sharpened as they work their way through the strategy-making/strategy-executing process.
D) doing these tasks helps executives develop an appropriate strategic vision, strategic intent, and set of strategic objectives.
E) of the contribution they make to maximizing value for shareholders.
G) A) and C)
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A) How to attract and please customers
B) How each functional piece of the business will be operated
C) How to achieve above-average gains in the company's stock price and thereby meet or beat shareholder expectations
D) How to compete successfully
E) How to grow the business
G) A) and C)
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A) What must managers do, and do well, to make a company a winner in the marketplace?
B) What can employees do, and do well, to ensure customer satisfaction?
C) What can shareholders do, and do well, to ensure a profitable company?
D) None of these.
E) All of these.
G) A) and E)
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A) results in a company becoming the dominant market leader.
B) produces exceptionally high levels of customer satisfaction and is both ethical and highly profitable.
C) fits the company's internal and external situations, builds sustainable competitive advantage, and improves company performance.
D) is ethical, socially responsible, and profitable.
E) builds shareholder value, passes the completeness test, and passes the customer satisfaction test.
G) B) and E)
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A) offers a surefire guarantee for avoiding periods of weak financial performance.
B) are the two best signs that a company is a true industry leader.
C) are more important management functions than forming a strategic vision and setting objectives.
D) are the most trustworthy signs of good management.
E) signal that a company has a superior business model.
G) All of the above
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A) Management's choices about how to attract and please customers
B) How quickly and closely to copy the strategies being used by successful rival companies
C) Management's choices about how to grow the business
D) Management's choices about how to compete successfully
E) Management's action plan for conducting operations and improving the company's financial and market performance
G) A) and B)
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A) concerns the actions and business approaches that will be used to grow the business, conduct operations, please customers, and compete successfully.
B) is management's storyline for how it will generate revenues ample to cover costs and produce a profit-absent the ability to deliver good profitability, the strategy is not viable and the survival of the business is in doubt.
C) concerns what combination of moves in the marketplace it plans to make to outcompete rivals.
D) deals with how it can simultaneously maximize profits and operate in a socially responsible manner that keeps its prices as low as possible.
E) concerns how management plans to pursue strategic objectives, given the larger imperative of meeting or beating its financial performance targets.
G) A) and B)
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A) the best test of managerial excellence and the best recipe for making a company a standout performer.
B) a solid indication that managers are maximizing profits and looking out for the best interests of shareholders.
C) the best test of whether a company is a "true" industry leader.
D) the best evidence that managers have a winning business model.
E) the best test of whether a company enjoys sustainable competitive advantage.
G) A) and C)
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A) it is developed through a collaborative process involving managers from all levels of the organization.
B) managers employ conservative strategic moves.
C) it is predicated on competitive moves aimed at appealing to buyers in ways that set the company apart from rivals.
D) managers copy the strategic moves of successful companies in its industry.
E) managers focus on meeting or beating shareholder expectations.
G) C) and D)
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A) describes what is meant by a company's strategy.
B) best describes what is meant by a company's business model.
C) accounts for why a company's financial objectives are at the stated level.
D) portrays the essence of a company's business purpose or mission.
E) is what is meant by the term strategic intent.
G) B) and D)
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A) strategy.
B) mission statement.
C) strategic intent.
D) business model.
E) strategic vision.
G) C) and E)
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A) sets forth management's game plan for maximizing profits for shareholders.
B) details exactly how management's strategy will result in the achievement of the company's strategic intent.
C) explains how it will achieve high profit margins while at the same time charging relatively low prices to customers.
D) sets forth the key components of the enterprise's business approach, indicates how revenues will be generated, and makes a case for why the strategy can deliver value to customers in a profitable manner.
E) sets forth management's long term action plan for achieving market leadership.
G) A) and B)
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A) zeros in on how and why the business will generate revenues sufficient to cover costs and produce attractive profits and return on investment.
B) is management's storyline for how the strategy will result in achieving the targeted strategic objectives.
C) details the ethical and socially responsible nature of the company's strategy.
D) explains how it intends to achieve high profit margins.
E) sets forth the actions and approaches that it will employ to achieve market leadership.
G) C) and E)
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A) How good is the company's business model?
B) Is the company a technology leader?
C) Does the company have low prices in comparison to rivals?
D) Is the company putting too little emphasis on behaving in an ethical and socially responsible manner?
E) How well does the strategy fit the company's situation?
G) B) and C)
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