Management and Organizational Studies 3342A/B Study Guide - Midterm Guide: Competitive Advantage, Determinacy, Vehicle Insurance

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Chapter 02 Strategy: The Totality of Decisions
Student: ___________________________________________________________________________
1. A focus on compensation decisions that help the
organization gain and sustain competitive
advantage is known as _____.
A. strategic
perspective
B. strategic alliance
C. planned
perception
D. association
perspective
E. competitive
heterogeneity
2. A business practice or process that results in
better performance than one's competitors is
known as _____.
A. strategic
perspective
B. strategic alliance
C. planned
perception
D. association
perspective
E. competitive advantage
3. A supporting compensation approach for an
innovator:
A. places less emphasis on evaluating skills and
jobs and more emphasis on incentives designed
to encourage innovations.
B. seldom stresses on innovations or risk taking.
C. stresses doing more with less by minimizing costs and specifying in greater detail exactly how
jobs should be performed.
D. stresses delighting customers and bases employee pay on how well they do this.
E. focuses on system control and work specifications.
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4. A customer-focused business strategy:
A. places less emphasis on evaluating skills and
jobs and more emphasis on incentives designed
to encourage innovations.
B. stresses new products and short response times to market trends.
C. stresses doing more with less by minimizing costs, encouraging productivity increases, and
specifying in greater detail exactly how jobs should be performed.
D. stresses delighting customers and bases employee pay on how well they do this.
E. focuses on business practice or process that results in better performance than one's
competitors.
5. According to the pay model, the strategic
compensation decisions regarding objectives
involve:
A. how differently the different types and levels of
skills and work should be paid within the
organization.
B. how compensation should support the business strategy and be adaptive to the cultural and
regulatory pressures in a global environment.
C. how total compensation should be positioned against competi
D. how pay increases should be
based.
E. how open and transparent the pay decisions should be to all employees.
6. According to the pay model, the strategic
compensation decisions regarding external
competitiveness involve:
A. how differently the different types and levels of
skills and work should be paid within the
organization.
B. how compensation should support the business strategy and be adaptive to the cultural and
regulatory pressures in a global environment.
C. how total compensation should be positioned against competi
D. how pay increases should be
based.
E. how open and transparent the pay decisions should be to all employees.
7. According to the pay model, the strategic
compensation decisions regarding management
involve:
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A. how differently the different types and levels of
skills and work should be paid within the
organization.
B. how compensation should support the business strategy and be adaptive to the cultural and
regulatory pressures in a global environment.
C. how total compensation should be positioned against competi
D. how pay increases should be
based.
E. how open and transparent the pay decisions should be to all employees.
8. Which of the following is the first step in the
development of the total compensation strategy?
A. Mapping a total
compensation
strategy
B. Realigning as strategy changes
C. Assessing total compensation implications
D. Reassessing the fit
E. Implementing strategy
9. Which of the following is a step in the development
of the total compensation strategy that deals with
competitive dynamics?
A. Mapping a total
compensation
strategy
B. Implementing cultural and regulatory
progress
C. Implementing strategy
D. Assessing total compensation implications
E. Reassessing the fit
10. Personal satisfaction in work accomplished,
security, advancement opportunity, and means to
share in the company success are fostered by a
company's _____.
A. core culture
and values
B. social and political context
C. competitive
heterogeneity
D. patronage concentration
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