About the Product

1. Strategic surveillance must be kept
as unfocused as possible.
as focused as possible.
as fast as possible.

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

3. In which type of strategy do functional tactics translate into action designed to accomplish specific short-term objectives?
Corporate strategy
Operational strategy
Grand strategy
Tactical strategy

4. CCC21 stands for
construction of cost competitiveness for the 21st century.
continuous cost competitiveness in the 21st century.
cost chain competition for the 21st century.
competitive cost competency in the 21st century.

5. Organizational culture includes important assumptions shared by members of the organization. These assumptions are often
very obvious to outsiders
very similar to all other organizations in that industry

6. The DMAIC (define, measure, analyze, improve, and control) process is relevant to
strategic matrix analysis
Six Sigma
balanced scorecard

7. 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.
Continuous improvement
Six Sigma
Incremental innovation

8. While these may under perform established products in mainstream markets, they often offer features or capabilities appreciated by some fringe customer group.
Acquired innovations
Lagging innovations
Throughput technologies
Disruptive innovations

9. A leader’s vision should be

10. This is concerned with tracking a strategy as it is being implemented, detecting problems or changes in its underlying premises, and making necessary adjustments.
Strategy evaluation
Strategic control
Strategic implementation
Strategic decision-making

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

12. Key, routine activities that must be undertaken in each department of the organization are
resource tactics
functional tactics
corporate tactics
business tactics

13. The effort to familiarize future leaders with the skills important to the company and to develop exceptional leaders among the managers you employ is
creating passion
identifying an action plan
education and leadership development
developing principles

14. Short-term objectives assist strategy implementation by identifying measurable outcomes of action plans or functional activities, which can make feedback, ion, and evaluation
more difficult
more geared toward growth
more expensive
more relevant and acceptable

15. 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

16. 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’
building time into the organization.
emphasis on key themes or dominant values.
managing the firm globally.
dissemination of stories and legends about core values.

17. Discussion about and agreement on short-term objectives help raise issues and potential conflicts within an organization that usually
focus on public relations
require organizational coordination
need little coordination
require additional personnel

18. Short-term objectives are usually
completed within 2 months
set to be completed within 5 years