cbmec chapter 1

Question 1

it is the dynamic process that is full of commitment to ____ and _____ to deliver ____ to achieve result in terms of ____ and ____

Answer 1

strategic management
decisions and actions
to deliver strategic competencies
corporate profitability and growth

Question 2

it is the result of internal and external analyses of the corporate environment for the formulation of the ____ and ____ plans directed to set ___ and ___

Answer 2

strategic competitiveness
strategy and action
goals and targets

Question 3

are prerequisites to achieving the desired corporate _____ and _____

Answer 3

effective strategic actions
profit goals and above average return of investment

Question 4

it is used to matche ever-changing market environment and the competitive structure of the business involving ____ and ____

Answer 4

strategic process
material and production

Question 5

the century of uncertainties

Answer 5

world of business

Question 6

result of strategic competitiveness of the managers, employees, and their organization

Answer 6

corporate achievement of successful firms

Question 7

new century created primarily by the emergence of the global economy and the rapid technological changes in the production of ___ and ____

Answer 7

corporate competitiveness
goods and services

Question 8

tactical strategies in the globalization of trade and business where centuries are geared towards the exchanges of more goods and services with less barriers.

Answer 8

new and innovative products

Question 9

what are the two competitive advantage

Answer 9

industry-based model and resource based model

Question 10

it refers to the analyses of the prevailing industry where the firms has its competitive advantages over the other firms in the environment

Answer 10

industry based model

Question 11

it refers to prevailing resources available to the firm that are present in the internal environment which could then be utilized in the development of competitive advantage

Answer 11

resource based model

Question 12

refer to the capabilities of the human resources that could be linked to the need of the present technological development as highly trained manpower could develop new products

Answer 12

resource based model

Question 13

refer to the available material resources that are present in the environment which could be developed into new products that could be the sources to exports to the global market

Answer 13

resource based model

Question 14

the business wargame could be won with the participation of _____ equipped with the knowledge of ____

Answer 14

executive generals
strategic management

Question 15

an integrated management challenge as the top executive formulates policies and programs that will bring the company to its desired direction

Answer 15

strategy

Question 16

scanning the present business scenario and is making amendments to operational programs

Answer 16

strategic adaptation

Question 17

forecasting and planning strategies must be put in place with ____ of the business conditions

Answer 17

pertinent data analyses

Question 18

true or false
companies should rely on their present successes

Answer 18

false, not rely as other companies would like to take over the laurels that they once had

Question 19

true or false
visioning and foresight, together is not monopoly of one organization

Answer 19

true

Question 20

hinges on the development of customer satisfaction and a well thought of strategy

Answer 20

corporate profitability

Question 21

true or false
manimizing customer satisfaction and loyalty develops business leadership

Answer 21

false. maximizing

Question 22

major concern of the managements organization to earn the desired profit

Answer 22

quality products and services

Question 23

true or false
no companies can set on its laurels all the time. other firms are on their tails to get it.

Answer 23

true

Question 24

true or false
companies ned to introduce new and innovative strategy consistent with the prevailing market condition

Answer 24

true

Question 25

the advantage of the firm's resources and core competencies to accomplish its goals in the competitive environment.

Answer 25

strategic vision

Question 26

exist when all employees and its executives are committed to the pursuit of a specific performance criterion.

Answer 26

strategic vision and intent

Question 27

provides the manpower resource with the commitment to remain the best in the industrial world and unseat the best in their ranks of competitors

Answer 27

strategic vision

Question 28

flows from strategic vision and intent

Answer 28

strategic mission

Question 29

statement of the firms's direction in the pursuit of its operation in the production and marketing of its products and services

Answer 29

strategic mission

Question 30

provides general description of the products and services that the firm offers to its various stakeholders based on its own competencies

Answer 30

strategic mission

Question 31

necessary to cope with the ever-incresing competition as the old economies are not as effective as it before

Answer 31

new mindset

Question 32

must be put in the drawing board ahead of time and make amendments as the new landscape develops in the business horizon

Answer 32

foward planning

Question 33

combatant of giant corporations

Answer 33

business landscape in the century

Question 34

is the field of hype-competition that results dynamic of strategic maneuvering of global and innovative combatants.

Answer 34

new century business

Question 35

companies are aggressively challenging their competitors in the hope of improving their competitive advantage and product positioning

Answer 35

hyper-competitive market

Question 36

result of the rapid change in technology

Answer 36

rapid hyper-competitive environment

Question 37

result of the new borderless flow of goods, services, people, skills and ideas that are relatively unfettered by artificial constraints.

Answer 37

new global economic scenario

Question 38

significantly expands across borders and complicates the corporate competitivenessq

Answer 38

global economy

Question 39

used to be hub of economic development with its billions in foreign investments and market leadership

Answer 39

us and japan

Question 40

the borderless flow of goods, services, knowledge and ideas and financial capital for investment is the effect of ____

Answer 40

marching orders for globalization

Question 41

has the view that the flow of capital may buy natural resources of the one country to be developed into new finished products

Answer 41

globalization

Question 42

may be put in infrastructure development and the use of new machinery and technology

Answer 42

flow of capital

Question 43

true or false continuous improvement is static as firms companies seek operational innovations and new marketing strategies

Answer 43

false, not static

Question 44

rallying point to stay in business is

Answer 44

exceeding the capabilities in the global standards

Question 45

foundation of good workers

Answer 45

skills development

Question 46

true or false global market is dominated by big players alone

Answer 46

false, not dominated

Question 47

could be the next giant in the global market if given the right boost and incentives

Answer 47

small players

Question 48

is the byword of advancing companies for supremacy especially in the electronic

Answer 48

perpetual innovation

Question 49

innovation, even covered by patent, could be copied within ____ month period

Answer 49

3

Question 50

plays a great role in the marketing of products or services

Answer 50

internet age

Question 51

the ability to respond various demands and opportunities existing in the dynamic and uncertain competitive environment

Answer 51

strategic flexibility

Question 52

development of flexibility in all areas of operation to development and production

Answer 52

strategic competitiveness

Question 53

provides the company with new and up to date sets knowledge and skills

Answer 53

continuous learning

Question 54

product of innovativeness

Answer 54

continuous learning

Question 55

injection of new ideas and knowledge in products or marketing strategies

Answer 55

innovativeness

Question 56

two important ingredients that will gennerate increase in return on investment and gradually expand to markets and products

Answer 56

expertise and market concentration

Question 57

the process of seeing in the whole scenario of business operation in terms of general business

Answer 57

environmental scanning

Question 58

either backward integration or forward expansion

Answer 58

horizontal expansion

Question 58

processing of material inputs that are sourced outside firm's operation

Answer 58

backward integration

Question 59

taking over marketing of the products that were produced and used to be channeled to distributors and dealers

Answer 59

forward expansion