STR 581 Week 5 Knowledge Check (Latest)
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STR 581 Week 5 Knowledge Check (Latest) 1. 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 implementation Strategic control Strategic decision-making
2. Strategic surveillance must be kept
as focused as possible as unfocused as possible as fast as possible internal
3. 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.
CCC21 Incremental innovation Continuous improvement
Six Sigma
4. CCC21 stands for
competitive cost competency in the 21st century construction of cost competitiveness for the 21st century cost chain competition for the 21st century continuous cost competitiveness in the 21st century
5. The DMAIC (define measure, analyze, improve, and control) process is relevant to
CCC21 balanced scorecard strategic matrix analysis Six Sigma
6. 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 Market research Solution spotting
7. While these may underperform established products in mainstream markets, they often offer features or capabilities appreciated by some fringe customer group.
Throughput technologies Acquired innovations Disruptive innovations Lagging innovations
8. These are also referred to as crowd sourcing or open innovation.
Ideograms Disruptors Sustainers Gold diggers
9. Short-term objectives are usually
completed within 2 months quantitative qualitative set to be completed within 5 years
10. Short-term objectives assist strategy implementation by identifying measurable outcomes of action plans or functional activities, which can make feedback, correction, and evaluation
more relevant and acceptable more expensive more difficult more geared toward growth
11. Discussion about an agreement on short-term objectives help raise issues and potential conflicts within an organization that usually
needs little coordination require additional personnel focus on public relations require organizational coordination
12. Key, routine activities that must be undertaken in each department of the organization are
business tactics resource tactics functional tactics corporate tactics
13. In which type of strategy do functional tactics translate into action designed to accomplish specific short-term objectives?
Corporate strategy Grand strategy Operational strategy Tactical strategy
14. The effort to familiarize future leaders with the skills important to the company and to develop exceptional leaders among the managers you employ is
identifying an action plan education and leadership development developing principles creating passion
15. A leader’s vision should be
varied complex simple long
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