Question : 71. What type of strategy used by a firm that focuses : 1250979

 

 

71. What type of strategy is used by a firm that focuses on what it does best within established markets? 
A. Concentration
B. Internal growth
C. External growth
D. Divestment

With “concentration” strategy, a company attempts to focus on what it does best within its established markets and can be thought of as “sticking to its knitting.”

 

 

72. What type of strategy attempts to expand a company’s resources or to strengthen its market position through acquiring or creating new businesses? 
A. Internal growth strategy
B. Diversification growth strategy
C. External growth strategy
D. Expansion growth strategy

The “external growth” strategy attempts to expand a company’s resources or to strengthen its market position through acquiring or creating new businesses.

 

 

73. Which one of the following is NOT an internal growth strategy? 
A. Vertical integration
B. Market development
C. Joint venture
D. Innovation

Companies attempting to integrate vertically or horizontally or to diversify are exhibiting an “external growth” strategy, usually through mergers or acquisitions.

 

 

74. Firms that seek to scale down their operations are following a(n): 
A. concentration strategy.
B. internal growth strategy.
C. external growth strategy.
D. divestment strategy.

A “divestment,” or downsizing, strategy is one made up of retrenchment, divestitures, or liquidation. These strategies are observed among companies facing serious economic difficulties and seeking to pare down their operations.

 

 

75. Company Z’s appraisals tend to be more behavioral because the company environment is more certain and the behaviors necessary for effective performance are established. Which strategy is this company following? 
A. Concentration strategy
B. Internal growth strategy
C. External growth strategy
D. Divestment strategy

Appraisals in concentration strategy tend to be more behavioral because the environment is more certain, and the behaviors necessary for effective performance tend to be established through extensive experience.

 

 

76. For companies following a(n) _____ strategy, joint ventures require extensive training in conflict resolution techniques because of the problems associated with combining people from two distinct organizational cultures. 
A. concentration
B. internal growth
C. external growth
D. divestment

Joint ventures require extensive training in conflict resolution techniques because of the problems associated with combining people from two distinct organizational cultures.

 

 

77. The most prevalent HR problem for firms facing external growth strategies is: 
A. hiring the right people.
B. standardizing practices across the organization.
C. finding the right companies to purchase.
D. determining the fair-market price of acquisitions.

Many HRM programs face problems in integrating and standardizing practices across the company’s businesses since all the options for external growth consist of acquiring or developing new businesses, and these businesses often have distinct cultures.

 

 

78. Some companies now heavily weigh a firm’s _____ before embarking on a merger or acquisition. 
A. operational efficiency
B. human capital
C. culture
D. infrastructure

According to a report by the Conference Board, “people issues” may be one of the major reasons that mergers do not always live up to expectations.

 

 

79. Downsizing is likely to result in: 
A. increased employee trust and commitment.
B. avoidance of a takeover.
C. increased innovation.
D. compensation plans tied to company performance.

Companies going through downsizing often develop compensation programs that tie the individual’s compensation to the company’s success.

 

 

80. Which of the following desired outcomes of downsizing is most likely to be achieved? 
A. Increased market share
B. Reduced expenses
C. Increased productivity
D. Reduced bureaucracy

According to the table 2.3 Effects of Downsizing on Desired Outcomes, reduced expenses is the most likely desired outcome of downsizing to be achieved.

 

 

 

Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more