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    Strategic Management Part 4

    Uploaded by

    Ronnie Jay
    The document discusses various business concepts and strategies. It provides statements about core business topics such as human resource assets, market-centered organizational structure, business ethics, innovation, directing, joint ventures, expansion strategy, capitalization, mergers, diversification, and setting objectives. Many of the statements are either true or false.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    Strategic Management Part 4

    Uploaded by

    Ronnie Jay
    63 views2 pages
    The document discusses various business concepts and strategies. It provides statements about core business topics such as human resource assets, market-centered organizational structure, business ethics, innovation, directing, joint ventures, expansion strategy, capitalization, mergers, diversification, and setting objectives. Many of the statements are either true or false.

    Copyright

    © © All Rights Reserved

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    DOCX, PDF, TXT or read online from Scribd

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    The document discusses various business concepts and strategies. It provides statements about core business topics such as human resource assets, market-centered organizational structure, business ethics, innovation, directing, joint ventures, expansion strategy, capitalization, mergers, diversification, and setting objectives. Many of the statements are either true or false.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    63 views2 pages

    Strategic Management Part 4

    Uploaded by

    Ronnie Jay
    The document discusses various business concepts and strategies. It provides statements about core business topics such as human resource assets, market-centered organizational structure, business ethics, innovation, directing, joint ventures, expansion strategy, capitalization, mergers, diversification, and setting objectives. Many of the statements are either true or false.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    These are the appropriate courses of action formulated by business organization so as to attain set

    objectives in the light of the firm's vision and mission statement.

    Strategies

    ________ are the organizations' strengths which consist of collective expertise, creative and
    problem solving capabilities, personal traits, entrepreneurial, managerial, and competency asset
    skills and organizational human-centered assets.

    Human resource assets

    In choosing corporate officers and board members, envy should be a basic requirement.

    False

    When high profit can be achieved by a product manufacturer through diversifying into services with
    larger return margins, ________ should be considered.

    Market-centered organizational structure

    It is a form of professional or applied ethics which examines the moral/ethical problems or ethical
    principles which may arise in the business environment.

    Business ethics

    The best assurance in achieving competitive advantage, business sustainability and creating the
    bargaining power is _________.

    Innovation

    To provide stakeholders with accountability level, business organizations should clarify and make
    publicly unknown the responsibilities and roles of board and management.

    False

    ________ refers to leading and communicating with employees to attain the objectives.

    Directing

    Geography, regulation, technology, intellectual exchange and sharing of capital and risk trigger a
    joint venture.
    True

    Regardless of the situation, all strategies are applicable for all business firms.

    False

    Expansion strategy is chosen by business organization when its past financial performance and their
    resource availability are both ________.

    High

    In functional organizational structure arrangement, closer contact between customers familiar with
    the territory and their subordinates is present.

    False

    ________ should be considered so as to establish competitiveness level because requirements for


    funding can be demanding.

    Big capitalization

    In this example, "Garments company merging with pharmaceutical company.", _________ merger is
    practiced.

    Conglomerate

    This strategy is adopted by business organization after assessing the situation if there is a situation
    of lowering its profitability.

    Profit strategy

    Diversification combines different activities related to the business firm's activities.

    False – Integration

    In setting objectives, business organization should make them specific, measurable, achievable,
    realistic and time specific.

    True

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