• Question 1 Collecting and evaluating information on competitors is essential for successful • Question 2 The process of performing an external audit needs to include

1. BUS 490 Quiz 3
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• Question 1
Collecting and evaluating information on competitors is
essential for successful
• Question 2
The process of performing an external audit needs to include
• Question 3
What level of bargaining power do consumers have when the
products being purchased are standard or undifferentiated?
• Question 4
________ perhaps has instituted the most protectionist
measures in recent months by raising tariffs on most imports and
subsidizing its own exports.
• Question 5

2. If suppliers are unreliable or too costly, which of these
strategies may be appropriate?
• Question 6
Hawaii, California, and ________ already have no majority
race or ethnic group.
• Question 7
In general, what happens to American goods in overseas
markets when there is a strong dollar?
• Question 8
Which of the states below has the youngest average
population?
• Question 9
What are educated assumptions about future trends and events
called?
• Question 10
The responsibilities of a director of competitive analysis
include all of the following except:
• Question 11
What is the first step in designing an EFE Matrix?
• Question 12

3. Many economists say the current rash of trade constraints will
make it ________ for global economic growth to recover from the
global recession.
• Question 13
Freund emphasizes that key external factors should be all of
these except:
• Question 14
A total weighted score of _______ in an EFE Matrix indicates
that the firm's strategies are not capitalizing on opportunities or avoiding
external threats.
• Question 15
Without assumptions, planning would be
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BUS 490 week 2 Quiz
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• Question 1

4. The strategic-management process
• Question 2
The goal of strategic management is to
• Question 3
A strong ________ heritage underlies the study of strategic
management.
• Question 4
The one factor that has most significantly impacted the nature
and core of buying and selling in nearly all industries has been
• Question 5
Superior strategy formulation and implementation ________
an opponent's superiority in numbers and resources.
• Question 6
What are enduring statements of purpose that distinguish one
business from other similar firms?
• Question 7
The Internet has transferred power from ________ to
________.
• Question 8
The first step in strategic planning is generally
• Question 9
Which phase of strategic management is called the action
phase?

5. • Question 10
Internal ________ are activities in an organization that are
performed especially well.
• Question 11
What can be defined as the art and science of formulating,
implementing and evaluating cross-functional decisions that enable an
organization to achieve its objectives?
• Question 12
What are guides to decision making?
• Question 13
Anything that a firm does especially well compared to rival
firms is referred to as
• Question 14
How do line managers become "owners" of the strategy?
• Question 15
Which individuals are most responsible for the success and
failure of an organization?
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6. BUS 490 Week 4 Assignment 1 Preparing a
Comprehensive Case Analysis, Part 1
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Assignment 1: Preparing a Comprehensive Case Analysis, Part 1
Due Week 4 and worth 200 points
Research a public corporation that you believe is not doing as well as it
could in the marketplace. For this first paper, you will complete the first
steps of a comprehensive written analysis as described in Part 6 of the
textbook. The written analysis will be completed in the second written
assignment in this course.
Write a 4–5 page paper in which you:
Identify the firm's existing objectives and strategies.
Explain one (1) strategy that the company might use to take advantage
of an external opportunity, and one (1) strategy that the company might
use to address a potential threat.
Construct a Competitive Profile Matrix. Include the company you are
researching and one or two (1 or 2) of its major competitors and at least
six (6) success factors that you believe to be critical to success in this
industry. This Matrix should follow the format of the examples in
Chapter 3.

7. Construct an External Factor Evaluation Matrix. This Matrix should
follow the format of the examples in Chapter 3.
Research and cite at least three (3) reputable, academic sources.
Your assignment must follow these formatting requirements:
Be typed, double-spaced, using Times New Roman font (size 12), with
one-inch margins on all sides; citations and references must follow APA
or school-specific format. Check with your professor for any additional
instructions.
Include a cover page containing the title of the assignment, the student’s
name, the professor’s name, the course title, and the date. The cover
page is not included in the required assignment page length.
The specific course learning outcomes associated with this assignment
are:
Explain the concepts and models of the strategic management process,
including strategy formulation, implementation, and evaluation.
Conduct an industry analysis (external audit) and an internal audit of an
organization, and present the results using various matrices and analysis
tools.
Use technology and information resources to research issues in business
policy.
Write clearly and concisely about business policy using proper writing
mechanics.
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BUS 490 Week 8 Assignment 2 Preparing a
Comprehensive Case Analysis, Part 2

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Assignment 2: Preparing a Comprehensive Case Analysis, Part 2
Due Week 8 and worth 275 points
Write a 5-6 page paper in which you complete the remaining steps of a
comprehensive written analysis as described in Part 6 of the textbook,
specifically:
Prepare any two (2) of the following matrices to justify the strategies
you will be recommending: SWOT Matrix, SPACE Matrix, BCG
Matrix, IE Matrix, Grand Strategy Matrix, and QSP Matrix.
Discuss the advantages and disadvantages of at least two (2) alternative
strategies.
Recommend specific strategies and objectives for the firm to follow over
the next three (3) years. Include an itemized estimate of costs for each
year.
Compare and contrast your recommendations to the actual strategies
planned by the company.
Specify how your recommendations can be implemented and the results
you expect. Include a recommended timetable for the action items you
are suggesting.

9. Explain in detail how you will review and evaluate the success of the
strategies you recommended.
Research and cite at least three (3) reputable, academic sources.
Your assignment must follow these formatting requirements:
Be typed, double-spaced, using Times New Roman font (size 12), with
one-inch margins on all sides; citations and references must follow APA
or school-specific format. Check with your professor for any additional
instructions.
Include a cover page containing the title of the assignment, the student’s
name, the professor’s name, the course title, and the date. The cover
page is not included in the required assignment page length.
The specific course outcomes associated with this assignment are:
Describe the application of the various types of basic alternative
strategies and considerations for their use.
Formulate business strategies through an analysis of the operating
environments (external and internal, domestic and international).
Integrate knowledge of the various business disciplines and develop
alternative strategic actions to fit a variety of operational environments.
Explain the key management issues associated with strategy
implementation and the considerations for managing change.
Use technology and information resources to research issues in business
policy.
Write clearly and concisely about business policy using proper writing
mechanics.
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