UOP STR 581 ENTIRE COURSE Flashcards
STR 581 Entire Course - NO Capstone Examination
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STR 581 Week 1 DQ 1 NEW
STR 581 Week 1 DQ 2 NEW
STR 581 Week 1 DQ 3 NEW
STR 581 Week 1 Individual Ethics Reflection Paper
STR 581 Week 1 Knowledge Check
STR 581 Week 2 DQ 1 NEW
STR 581 Week 2 DQ 2 NEW
STR 581 Week 2 DQ 3 NEW
STR 581 Week 2 Individual Research Proposal
STR 581 Week 2 Learning Team Activity McDonalds Innovation Strategy
STR 581 Week 2 Knowledge Check
STR 581 Week 3 DQ 1 NEW
STR 581 Week 3 DQ 2 NEW
STR 581 Week 3 DQ 3 NEW
STR 581 Week 3 Individual External and Internal Environmental Analysis
STR 581 Week 3 Learning Team Peer Evaluation
STR 581 Week 3 Knowledge Check
STR 581 Week 4 DQ 1 NEW
STR 581 Week 4 DQ 2 NEW
STR 581 Week 4 DQ 3 NEW
STR 581 Week 4 DQ 4 NEW
STR 581 Week 4 Individual Strategic Choice and Evaluation
STR 581 Week 4 Learning Team Peer Evaluation
STR 581 Week 4 Knowledge Check
STR 581 Week 5 DQ 1 NEW
STR 581 Week 5 DQ 2 NEW
STR 581 Week 5 DQ 3 NEW
STR 581 Week 5 DQ 4 NEW
STR 581 Week 5 Individual Implementation Strategic Controls and Contingency Plans
STR 581 Week 5 Learning Team Peer Evaluation
STR 581 Week 5 Knowledge Check
STR 581 Week 6 DQ 1 NEW
STR 581 Week 6 DQ 2 NEW
STR 581 Week 6 DQ 3 NEW
STR 581 Week 6 Individual Strategic Plan and Presentation
STR 581 Week 6 Learning Team Project Selection
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STR 581 Entire Course - NO Capstone Examination
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STR 581 Week 1 DQ 1 NEW
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In what ways do you think the subject matter in this course will differ from that of previous courses you have taken? Be specific and talk about at least one other prior class in your response.
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STR 581 Week 1 DQ 1 NEW
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STR 581 Week 1 DQ 2 NEW
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Locate the mission statement of your company or a company you are familiar with.. Where did you find it? Was it presented as a consolidated statement, or were you forced to assemble it yourself from various publications of the firm? How many of the mission statement elements outlined in this chapter were discussed or revealed in the statement you found?
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STR 581 Week 1 DQ 2 NEW
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STR 581 Week 1 DQ 3 NEW Check this A+ tutorial guideline at http://www.str581assignment.com/3 Define the term social responsibility. Find an example of a company action that was legal but not socially responsible. Defend your example on the basis of your definition. For more classes visit http://www.str581assignment.com/
STR 581 Week 1 DQ 3 NEW
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STR 581 Week 1 Knowledge Check NEW
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1. For the past 28 years, ABC, Inc. has made a significant investment of time, money, and other resources to increase the literacy rate in adult Americans. This represents which of these principles of successful collaborative social initiatives?
A. Weigh government influence.
B. Identify a long-term durable mission.
C. Assemble and value the total package of benefits.
D. Leverage core capabilities.
2. According to stakeholder theory, in a survey of over 2000 directors from over 290 U.S. companies, which of these stakeholders was perceived to be least important?
A. Government
B. Employees
C. Stockholders
D. Society
3.Which law revised and strengthened auditing and account standards?
A. Truth in Lending Act of 1968
B. National Environmental Policy Act of 1969
C. Federal Fair Trade Act of 1986
D. Sarbanes-Oxley Act of 2002
4. Which of these is true about Sarbanes-Oxley Act of 2002?
A. The directors and executive officers are required to trade the company’s 401(k) plan, profit sharing plan and retirement plan during the blackout period
B. The act requires that the audit committee must be composed entirely of inside officers.
C. Companies are required to extend personal loans to executives and directors.
D. The CEO and CFO must verify every report containing the company’s financial statements.
5. A major consequence of the Sarbanes-Oxley Act of 2002 has been the
A. political fallout in congress
B. outsourcing of jobs in lower wage countries
C. super growth in accounting firms in the U.S.
D. reorganizing of the governance structure of American corporations
6. The most critical quality of ethical decision making is
A. economics
B. expeditions
C. objectivity
D. consistency
7. Judging the appropriateness of a particular action based on a goal to provide the greatest good for the greatest number of people is what ethics approach?
A. Moral rights approach
B. Social justice approach
C. Business ethics approach
D. Utilitarian approach
8. Judging the appropriateness of a particular action based on equity, fairness, and impartiality in the distribution of rewards and costs among individuals and groups is what ethics approach used by managers?
A. Utilitarian approach
B. Business ethics approach
C. Moral rights approach
D. Social justice approach
9. A broadly framed but enduring statement of a firm’s intent is defined as the company
A. vision
B. credo
C. slogan
D. mission
10. This statement of a company’s philosophy usually appears within the mission statement and specifies basic beliefs of a firm.
A. Company slogan
B. Company sponsor
C. Company commercial
D. Company creed
11. This statement presents the firm’s strategic intent that focuses the energies and resources of the company on achieving a desirable future.
A. Mission statement
B. Values statement
C. Company statement
D. Vision statement
12. The strategic decision makers in the firm are responsible for
A. rewards
B. daily operations
C. the firm’s accounting practices
D. the firm’s mission
13.The idea that businesses have a duty to serve society as well as the financial interest of stockholders is called
A. going green
B. corporate audit
C. corporate services
D. corporate social responsibility
14. Which of the following strategic decision makers implement the overall strategy?
A. Board of directors
B. Business managers
C. Functional managers
D. Corporate managers
15. Which level of strategy uses a portfolio approach?
A. Business
B. Operational
C. Corporate
D. Functional
16.Of the three levels of strategy that are part of an organizations decision-making hierarchy,which level develops annual objectives and short-term strategies in such areas as production, operations, and research and development, finance and accounting, marketing, and human relations?
A. Corporate
B. Business
C. Management
D. Functional
17. The behavioral consequences of strategic management are similar to those of
A. authoritative decision making
B. centralized decision making
C. autocratic decision making
D. participative decision making
18. What do strategic managers call a flow of information through interrelated stages of analysis toward the achievement of an aim?
A. Strategic control
B. Process
C. Continuous improvement
D. Long-term objective
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STR 581 Week 1 Knowledge Check NEW
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STR 581 Week 2 DQ 1 NEW
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External Environment
Think about the company you are focusing your strategic plan on, what are the external environments for this organization? How do they impact the organization?
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STR 581 Week 2 DQ 1 NEW
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STR 581 Week 2 DQ 2 NEW
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Global Environment
How is the global environment different from the external environment? What impact does the global environment have on a small business (think mom and pop)? Large Company?
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STR 581 Week 2 DQ 2 NEW
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STR 581 Week 2 DQ 3 NEW
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Innovation Videos
Watch the Week 2 Innovation videos: “Create New Markets with Growth Innovation”, “Observation”, and “Observation Case Study”
Innovation is a buzz word that you hear a lot about. What does it mean to you? What does an organization need to do to be innovative?
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STR 581 Week 2 DQ 3 NEW
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STR 581 Week 2 Individual Research Proposal
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Write a proposal of no more than 750 words, outlining the research approach you will use for your Strategic Plan, due in Week 6. Include the following:
• How you intend to ensure the organization’s vision, mission, and people strategies and values statements are aligned with the proposed strategic plan.
• Sources you expect to use to perform an external environmental analysis
• Sources you expect to use to perform an internal environmental analysis
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STR 581 Week 2 Individual Research Proposal
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STR 581 Week 2 Knowledge Check New
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- A firm’s external environment is divided into various subcategories that include
A. remote, social, and operations
B. industry, technology, and internal
C. political, social, and industry
D. remote, industry, and operating - When managers consider the general availability of credit, the level of disposable income, and the propensity of people to spend, they are considering what factors?
A. Social factors
B. Business factors
C. Political factors
D. Economic factors - This factor considers or provides creative adaptations that can suggest possibilities for new products or for improvements in existing products or in manufacturing and marketing techniques.
A. Industry factor
B. Operations factor
C. Sales factor
D. Technological factor - The quasi-science of anticipating environmental and competitive changes and estimating their importance to an organizations operation refers to
A. environmental scanning
B. SWOT analysis
C. business analysis
D. technological forecasting - This term refers to the relationships among human beings and other living things and the air, soil, and water that supports them.
A. Society
B. Eco-efficiency
C. Going green
D. Ecology - Economies of scale in an industry refers to
A. savings that companies within the industry achieve due to increased volume
B. declining average short run costs per unit
C. improved contractual agreements with suppliers in the near term
D. decreased barriers to entry to new firms attempting to enter the industry
7.This term refers to descriptive characteristics that can be used to differentiate groups of present or potential customers.
A. Psychographics
B. Buyer behaviors
C. Geographics
D. Demographics
8.This information is used to explain or predict some aspect of customer behavior with regard to a product or service. Information such as usage rate, benefits sought, and brand loyalty can provide significant aid in the design of more accurate and profitable strategies.
A. Geographic information
B. Demographic information
C. Psychographic information
D. Buyer behavior - Because the quantity, quality, price, and accessibility of financial, human, and material resources are rarely ideal, assessment of suppliers and creditors is critical to an accurate evaluation of which of the firm’s external environments?
A. Industry environment
B. Business environment
C. Remote environment
D. Operating environment - What Human Resource component within its operating environment is a major element of a firm’s ability to satisfy its personnel needs?
A. Employment rates
B. Benefit packages
C. Labor union
D. Reputation - A firm’s access to needed personnel is affected primarily by four factors that include
A. the firm’s size and location, competitive hourly rates, availability of talented people, and its relationship with labor unions
B. the firm’s reputation as an employer, national employment rates, community involvement, and overall employee satisfaction
C. the firm’s size and location, local employment rates, labor unions to assist with labor needs, and trained potential employees
D. the firm’s reputation as an employer, local employment rates, the ready availability of people with the needed skills, and its relationship with labor unions
12.This element of employment or labor represents the workers in their negotiations with employers through the process of collective bargaining.
A. Human Resources
B. Hiring agent
C. Wage & Hours Association
D. Labor unions
13.The environment that is typically subject to much influence by the firm is
A. external
B. industry
C. remote
D. operating
14.Which of these is a determinant of entry, according to Porter?
A. Presence of substitute input
B. Ability to backward integrate
C. Exit barriers
D. Economies of scale
15.Which threat of entry creates a barrier by forcing entrants to spend heavily to overcome customer loyalty?
A. Economies of scale
B. Powerful sellers
C. Powerful buyers
D. Product differentiation - This group is considered powerful if it is not obliged to contend with other products for sale to the industry.
A. Buyers
B. Retailers
C. Wholesalers
D. Suppliers
17.This is considered a collection of firms that offer similar products or services that for one another..
A. Monopoly
B. Oligopoly
C. Environment
D. Industrycustomers perceive to be substitutable - This environment in the strategic planning process comprises factors in the competitive situation that affect a firm’s success in acquiring needed resources or in profitably marketing its goods and services.
A. Remote environment
B. Industry environment
C. Business environment
D. Operating environment
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STR 581 Week 2 Knowledge Check New
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STR 581 Week 2 Learning Team Activity
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Write a paper of no more than 1,050 words that describes and evaluates an organization’s innovation strategy.
Use publicly available information, including Securities and Exchanges Commission filings.
Choose an organization that is introducing new products or services.
Select an organization according to the following criteria based on team member experience:
• Current employer
• Most recent or former employer
• Place of business patronized over a period of time and that members are familiar with.
Format your paper consistent with APA guidelines.
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STR 581 Week 2 Learning Team Activity
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STR 581 Week 3 DQ 1 NEW
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SWOT Analysis
How might a SWOT analysis be valuable to an organization with their strategy? Have you ever been involved in a SWOT Analysis?
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STR 581 Week 3 DQ 2 NEW
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Organizational Structure
How is your organization structured?
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STR 581 Week 3 DQ 2 NEW
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STR 581 Week 3 DQ 3 NEW
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Conducting a Competitive Analysis Video
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STR 581 Week 3 Knowledge Check New Check this A+ tutorial guideline at http://www.str581assignment.com/str-581-week-3-knowledge-check-new 1. The structure of a simple organization A. limits the owner's(s') control B. maximizes the owner's(s') control C. minimizes the owner's(s') control D. slightly increases the owner's(s') control 2. This structure is one in which a set of relatively autonomous units are governed by a central corporate office but where each operation has its own functional specialists who provide products or services that are different from those of other operations. A. Divisional organizational structure B. Matrix organizational structure C. Functional organizational structure D. Product-team structure 3.This type of organizational structure combines the advantages of functional specialization with the advantages of product-project specialization. A. Specialization business B. Product-team structure C. Divisional organization D. Matrix structure 4. Twenty-first-century corporations reflect A. interdependency B. the top-down approach C. structured interaction D. internal focus 5.Today, global means A. locating operations in numerous countries B. selling goods in overseas markets C. using resources from other markets D. getting resources and talent from around the globe and selling worldwide 6.This type of organization or structure is one that identifies a set of business capabilities central to high-profitability operations and then builds a virtual organization around those capabilities. A. Modular organization B. Agile organization C. Virtual structure D. Ambidextrous organization 7.These are arrangements between two or more companies in which they both contribute capabilities, resources, or expertise to a joint undertaking, usually with an identity of its own, with each firm giving up overall control in return for the potential to participate in and benefit from the relationship. A. Joint ventures B. Strategic alliances C. Outsourcing agreements D. Contractual diversification 8.This is an organization structure most notable for its lack of structure wherein knowledge and getting it to the right place quickly is the key reason for the organization. A. Modular organization B. Joint venture C. Learning organization D. Ambidextrous organization 9.One of the limitations of the SWOT analysis is that it can be A. static B. dynamic C. simple D. complex 10. One of the limitations of SWOT analysis is that it can do this to a single strength or element of strategy. A. Underemphasize B. Overemphasize C. Misrepresent D. Rationalize 11. Value chain analysis takes a A. process point of view B. functional point of view C. horizontal point of view D. corporate point of view 12.Which of the following is an example of a primary activity in the typical firm? A. Human resources management B. Research, technology and systems development C. General administration D. Logistics 13.In VCA, which method of cost accounting is preferred? A. Activity-based cost accounting B. Value-based cost accounting C. Traditional cost accounting D. Financial cost accounting 14.This is an internal analysis technique wherein strategists examine customers’ needs,company offerings, and competitors’ offerings to more clearly articulate what their company’s competitive advantage is and how it differs from those of competitors. A. Resource-based view B. Three circles analysis C. SWOT analysis D. Value chain analysis 15.The first step of this type of analysis involves a firm determining what their customers value and why they value it. A. Three circles analysis B. Value chain analysis C. Resource-based view D. SWOT analysis 16.Once a hypothesis about competitive advantage has been developed by a firm through three circles analysis, it should be tested by A. conducting a value chain analysis B. asking a panel of experts C. asking customers D. asking the Board of Directors 17. This is a method of comparing the way a company performs a specific activity with a competitor, potential competitor, or company doing the same thing. A. Benchmarking B. Imitating C. Value chain analysis D. Vertical integration 18. Companies committed to this process attempt to isolate and identify where their costs or outcomes are out of line with what they identify as the best practices of competitors or other companies or organizations that undertake similar tasks. A. Imitating B. Vertical integration C. Benchmarking D. Disaggregating
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STR 581 Week 3 Knowledge Check New
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