54. Refer to Scenario: Tentree Apparel. Tentree Apparel is achieving success implementing change. What two concepts did the owners need to align to implement this change?
a. motivation and hiring practicesb. position modules and salary theories
c. principles and salary theoriesd. HRM practices and organizational goals
ANSWER: d
55. Refer to Scenario: Tentree Apparel. Tentree Apparel states that it wants to “become the most environmentally progressive company on the planet.” What type of statement does this quote describe?
a. strategic planb. intended policy
c. strategic intentd. value statement
ANSWER: c
56. Refer to Scenario: Tentree Apparel. Tentree Apparel aims “to plant 1 billion trees by 2013.” What type of statement does this quote describe?
a. goalb. policy
c. strategic pland. value statement
ANSWER: a
57. Refer to Scenario: Tentree Apparel. Tentree Apparel has formulated its organizational goals, objectives, action plans, and the mission statement. What is this the process called?
a. organizational planningb. strategy
c. strategic analysisd. emergent strategy
ANSWER: b
58. If no two organizations are the same, then logically all organizational strategies are unique.
a. True
b. False
ANSWER: True
59. A company can have one corporate strategy but many business strategies.
a. True
b. False
ANSWER: True
60. When a company can no longer pay its creditors, the company may file for bankruptcy.
a. True
b. False
ANSWER: True
61. A vision statement would answer the questions “Who are we?” and “Why are we here?”
a. True
b. False
ANSWER: False
62. To be successful, a company must adopt only one corporate strategy.
a. True
b. False
ANSWER: False
63. The decision to merge with another company is an example of a growth strategy.
a. True
b. False
ANSWER: True
64. If an organization decides that the company is an ideal size and decides to maintain it, then the organization is adopting a growth strategy.
a. True
b. False
ANSWER: True
65. Strategic intent is an intangible corporate goal.
a. True
b. False
ANSWER: False
66. Porter’s model of business strategy has been criticized for having categories that overlap.
a. True
b. False
ANSWER: True
67. There are three competitive positions used in most strategy textbooks: cost, differentiation, and flexibility.
a. True
b. False
ANSWER: False
68. The question, “Should we be in business?” is an example of a business strategy.
a. True
b. False
ANSWER: False
69. The strategic planning process is dynamic and evolves as environmental conditions change.
a. True
b. False
ANSWER: True
70. Examples of corporate strategy include decisions to compete internationally or to merge with other companies.
a. True
b. False
ANSWER: True
71. A discarded strategy is one that was found to be inappropriate because of changing circumstances.
a. True
b. False
ANSWER: True
72. In general, a restructuring strategy is one that deals with companies that are operating at a surplus and are typically described as “money-making.”
a. True
b. False
ANSWER: False
73. Values guide the behaviour of individuals within an organization.
a. True
b. False
ANSWER: True
74. Hard objectives deal with social issues such as the ethics and values of an organization.
a. True