Assessment) 2026/2027 Latest Update- Already
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Terms in this set (117)
Industry and market analysis, Analysis of external opportunities and threats
competitor analysis, and social
analysis are examples of which step
in the strategic planning process?
Skilled management, positive cash Strengths
flow, and well-known brands are
examples of which component of the
SWOT analysis?
What denotes skills or expertise in an Core competencies
activity that constitutes the roots of
competitiveness in an organization?
According to Michael Porter's Suppliers can reduce manufacturing time and
competitive environment model, increase product quality.
how can suppliers influence strategic
planning?
,A company offers unique products in Differentiation
its industry to create a competitive
advantage.
Which type of strategy is the
company using?
Happy Inc. is a leading provider of Vertical integration
family entertainment and BCD is a
broadcasting company with news,
cable, and entertainment networks.
Happy Inc. recently acquired BCD in
hopes of boosting its primary
business of family entertainment.
Which type of corporate strategy is
represented by Happy Inc.'s
purchase of their distribution
network?
A local business has provided Strategic vision
services to its customers for 40
years. The business's mission is "To
give our customers the best service
in town." The owner of the business
has had a long-standing dream to
franchise the business and become
the best provider of its service in the
United States.
What describes the owner's dream?
What is the first step of Developing a strategic mission
organizational strategic planning?
, A value chain is the sequence of Delivery of products or services
activities that begins with raw
materials.
What result does a value chain end
with?
What happens when an effective Profit margins are increased.
value chain is created?
The introduction of statistical tools to Six Sigma
analyze the causes of product
defects is associated with which
quality improvement approach?
What is the principal idea of To revolutionize key organizational systems and
reengineering? processes
How many defects per million are Less than 3.4
there at Six Sigma, assuming a
product or process is defect-free
99.99966% of the time?
What is the last step to Deming's 14 To take action to accomplish the transformation
points of quality management?
Process checklists and project audits Quality Assurance
are components of which
management process?
What is the main objective of an To measure effectiveness of an organization's
internal quality audit? quality management system