ÖRGÜT KURAMI VE TASARIMI

To be the most preferred bank by customers, shareholders and employees by maintaining the leading, pioneering and trusted position as a regional financial power is a vision statement of İş bankası. Correct answer is B.

A strategy determines an organization’s basic long-term goals and objectives; including courses of action and allocation of resources in order to reach those goals. Correct answer is C.

It is needed to correct three of the above mentioned statements. Firstly, a typical organization often considers three levels of strategy: corporate level, business level and functional level. Secondly, corporate-level strategy is often made at the highest levels of the organization such as the board of directors, the CEO and executive management with inputs from other managers. And lastly, a retrenchment strategy is to reduce a firm’s level of activities. In this chapter, we discuss growth strategies at the corporate level. Correct answer is A.

Functional-Level Strategy Concerns with developing distinctive competencies by functional areas or departments as well as their ability to coordinate among various departments to provide competitive advantage. A cost leadership strategy is adopted when a firm tries to gain market share by keeping costs low compared to its competitors. Business-Level Strategy Concerns with the competitive aspect of a firm’s products or services in its industry or market segment. A differentiation strategy is adopted when a firm seeks to be unique and distinguish its products or services from others in the industry. Correct answer is E.

The internal process approach focuses on the transformation process and to what extent organizational skills and resources are used to convert into finished products or services. Correct answer is C.

Strategy map is a visual representation of an organization strategy that describes its key business objectives which can be easily used to communicate to the whole organization. Correct answer is D.

Porter described four attributes that can lead to national competitive advantage. These are; factor conditions, demand conditions,Related and supported industries and Firm strategy, structure and rivalry. Correct answer is B.

A firm engages in unrelated diversification when it enters into a new business that has no relationship with its core business. Correct answer is E.

I and II need to be corrected as follows:

-When a firm faces a complex and fast changing organizational environment, its functional departments need to become highly specialized and highly skilled to handle complexity and uncertainty in its environment. 

-The degree of differentiation among departments increases as each department has unique orientations, attitudes, values, goals, and education that distinguish them from one another. 

Correct answer is D.

A strategy determines an organization’s basic long-term goals and objectives;
including courses of action and allocation of resources in order to reach those goals.

Human resources refer to experienced and knowledgeable management teams, skilled labor, and motivated workers.

Specialized Resources: Functional resources are the highly skilled personnel from an organization’s various functions that must be special, unique or difficult to imitate. Another is organizational resources which are the skills that are specific to the organization such as excellent top management team and possession of valuable and scarce resources such as raw materials, land and capital assets.

Corporate-level strategy is often made at the highest levels of the organization such as the board of directors, the CEO and executive management with inputs from other managers. It is formulated for the overall organization and often deals with the selection of which business domain or markets the firm is to compete in.

High degree of standardization is one of the features of cost leadership strategy.

As an alternative approach to generic strategy, Miles and Snow developed four business strategies: Prospectors, Defenders, Analyzers, and Reactors in order to deal with environmental uncertainty.

Defender Strategy includes Efficiency orientation, Extensive division of labor, Centralization of authority, and High degree of formalization.

An organization can pursue cooperative business strategies to gain competitive advantage within its industry by working with, rather than against, others. This can be done using strategic alliances. A strategic alliance is any cooperative efforts of two or more organizations to achieve strategic objectives of developing, producing or selling products or services

Porter described four attributes that can lead to national competitive
advantage; Factor conditions, Demand conditions, Related and supporting industries, Firm strategy, structure, and rivalry

A multidomestic strategy is oriented towards a high level of local responsiveness where products can be actively adapted to local preferences in each country market.