Quiz on Business Policies and Strategic Management (History of Strategic Management) Name:__________________________ Date:___________________

I. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. II.

True or False The 3Gs, Genba, Genbutsu, and Genjitsu originated in Toyota. 43 companies passed the test in six performance criteria. Reengineering involves steps that enabled company to eliminate inefficiencies. James Collin and Jerry Poras had mass customization concept. Peter Drucker is the father of strategic management. Adding value means the difference between the firms net output and cost of inputs divided by the market value of output. Peter Senge identified four components of learning organization. Kaizen means continuous improvement. Kenichi Ohmae said that strategy should be analytical and creative. In 1997, Watts Wacker and Philip Kotler popularized the Age of Access. Identification Direction: Choose the best answer in the box provided and write the correct answer before each number. 1. Discussed the importance of transformation of knowledge from various cultures to a management style. 2. Stressed strategy dynamics. 3. Quoted the upheaval as 500 year delta. 4. Examines how a business unit performs and what it contributes to the organization in terms of revenue. 5. Book written by Alfred Chandler. 6. It was first popularized by Peter Drucker in his 1954 book, The Practice of Management. It also allows the organization to monitor its progress from top to bottom.

7. Each operating division was treated as semi-independent profit center with its own revenue cost, objectives and strategies. 8. It attempts to understand the effect of market share on companys profit. 9. Developed five types of strategies. 10. It means crafting a strategy that would make the brand/product in the minds of the consumers. PIMS MBWA J. Rehfeld Richard Pascale and Anthony Athos TQM Benchmarking III. Portfolio Theory PQM Waker and Taylor J. Moncrieff Mintzberg Positioning Theory BCG MBO BCG Strategy and Structure Age of Access Michael Porter

Matching Type Direction: Match the management guru from Column B to his/her works in Column A then write the correct letter before the number. Column A 1. Championed Reengineering 2. (Management by Walking Around) MBWA 3. Uses the term intellectual capital 4. Discussed strategy formation as continuous 5. Conceptualized strategic inflection point 6. Discussed the tipping point 7. Developed gap analysis to clarify the gap between reality and the goals 8. Theorized that business should start with customer instead of producing first before selling it 9. Formalized the idea of matching the organizations internal factor with external environmental circumstances. 10. Emphasized that habits constraints our creativity a. b. c. d. e. f. g. h. i. j. k. l. m. n. o. Column B Harry Markowitz Peter Drucker Igor Ansoff Constantinos Markides Michael Hammer and James Champy Michael Porter Gary Hamel and C.K. Prahald Thomas Stewart Theodore Levitt Noel Tichy Andy Grove Dave Packard and Bill Hewlett Malcolm Gladwell Philip Selznick W. Ewards Deming

Answer Key I. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. II. True or False False True False False False False False True False False Identification 1. J. Rehfeld 2. J. Moncrieff 3. Waker and Taylor 4. BCG 5. Strategy and Structure 6. MBO 7. Portfolio Theory 8. PIMS 9. Mintzberg 10. Positioning Theory Matching Type 1. E 2. L 3. H 4. D 5. K 6. M 7. C 8. I 9. N 10. J

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