Four perpectives of strategy
50 Questions
0 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

Which model focuses on formal and structured roles for accounting?

  • Strategic Model
  • Classical Model (correct)
  • Processual Model
  • Hybrid Model

    • Which model emphasizes cost control and revenue maximization?

  • Processual Model
  • Strategic Model
  • Hybrid Model
  • Classical Model (correct)

    • Which model provides a support system for understanding the environment, resources, and potential?

  • Hybrid Model
  • Processual Model
  • Classical Model (correct)
  • Strategic Model

    • Which model is characterized by strategists having bounded rationality?

    <p>Processual Model</p> Signup and view all the answers

    Which model is described as loose and flexible?

    <p>Processual Model</p> Signup and view all the answers

    Which of the following is a key objective of management accounting mentioned in the text?

    <p>Achieving long-term sustainability</p> Signup and view all the answers

    What is a distinguishing feature of management accounting systems that consider trust as an important factor?

    <p>They evaluate performance based on trust rather than numerical performance measures</p> Signup and view all the answers

    Which type of performance measures does traditional management accounting typically emphasize?

    <p>Quantitative measures</p> Signup and view all the answers

    What are some examples of numerical performance measures mentioned in the text?

    <p>Financial ratios, profit margins, return on investment</p> Signup and view all the answers

    Which of the following is NOT mentioned as a reason for management accounting?

    <p>Improving employee satisfaction</p> Signup and view all the answers

    According to the evolutionary model, what is a key characteristic of the industry's evolution?

    <p>Competition leads to consolidation of weaker firms</p> Signup and view all the answers

    What is the term used to describe a market structure where a small number of large firms dominate the industry?

    <p>Oligopoly</p> Signup and view all the answers

    According to the systemic model, what is a key feature of 'doing' strategy?

    <p>Planning should consider social and cultural factors</p> Signup and view all the answers

    What is the focus of the resource-based view of strategy?

    <p>Developing core competencies</p> Signup and view all the answers

    What is a role of accounting in the evolutionary model?

    <p>Cutting out significant cost excesses in production</p> Signup and view all the answers

    Which of the following is NOT mentioned as an alternative approach to doing business in the text?

    <p>Focusing solely on profit</p> Signup and view all the answers

    What does the Chinese concept of 'Guanxi' refer to?

    <p>Building and maintaining strong personal relationships</p> Signup and view all the answers

    What does the Japanese concept of 'Keiretsu' represent?

    <p>A group of interrelated companies with financial and business ties</p> Signup and view all the answers

    What does the Korean concept of 'Chaebol' refer to?

    <p>Large business conglomerates with subsidiaries in various industries</p> Signup and view all the answers

    How does a systemic model relate to rational planning?

    <p>It helps in understanding complex relationships and dependencies</p> Signup and view all the answers

    Which model is characterized by strategists having bounded rationality?

    <p>Processual Model</p> Signup and view all the answers

    What is the role of the 'planning office' in the Classical Model?

    <p>To formulate the strategy together with the CEO</p> Signup and view all the answers

    What is a key objective of management accounting mentioned in the text?

    <p>Cost control and revenue maximization</p> Signup and view all the answers

    Which model provides a support system for understanding the environment, resources, and potential?

    <p>Classical Model</p> Signup and view all the answers

    What is a distinguishing feature of management accounting systems in the Classical Model?

    <p>Formal and structured roles</p> Signup and view all the answers

    Which model is described as loose and flexible?

    <p>Processual Model</p> Signup and view all the answers

    What technique is used for valuing strategic options in the Classical Model?

    <p>Discounted Cash Flow (DCF)</p> Signup and view all the answers

    What is a key characteristic of the 'emergent' strategizing process?

    <p>It relies on employees making the right call when needed.</p> Signup and view all the answers

    What is the main focus of the resource-based view of strategy?

    <p>Developing core competencies</p> Signup and view all the answers

    What is a key characteristic of the evolutionary process in industries?

    <p>There is a distribution of outcomes for firms.</p> Signup and view all the answers

    What is a 'shake-out' in the context of industry evolution?

    <p>A phase of intense competition leading to the exit of weaker firms.</p> Signup and view all the answers

    What is an 'oligopoly' in the context of industry competition?

    <p>A market structure with a few dominant firms.</p> Signup and view all the answers

    What is a key feature of the systemic model of strategy?

    <p>It emphasizes social and cultural factors.</p> Signup and view all the answers

    What is an alternative approach to doing business mentioned in the text?

    <p>Cutting cost excesses</p> Signup and view all the answers

    What is the purpose of forming alliances or partnerships in the business world?

    <p>To prioritize gaining market share</p> Signup and view all the answers

    What is the Chinese concept of 'Guanxi' based on?

    <p>Trust and connections</p> Signup and view all the answers

    What does the Japanese concept of 'Keiretsu' refer to?

    <p>Interrelated companies with financial and business ties</p> Signup and view all the answers

    What does the Korean concept of 'Chaebol' denote?

    <p>Large business conglomerates</p> Signup and view all the answers

    What is the connection between a systemic model and rational planning?

    <p>A systemic model helps inform and improve rational planning processes</p> Signup and view all the answers

    Why is a systemic model important for rational planning in complex environments?

    <p>It helps understand the intricate web of relationships and dependencies</p> Signup and view all the answers

    What does a systemic model encourage planners to do in the planning process?

    <p>Anticipate and account for unintended consequences</p> Signup and view all the answers

    Which of the following is a characteristic of management accounting systems that consider trust as an important factor?

    <p>They place less emphasis on numerical metrics and performance indicators.</p> Signup and view all the answers

    What is the main focus of traditional management accounting?

    <p>Using numerical metrics and performance indicators</p> Signup and view all the answers

    Which of the following is NOT mentioned as a quantitative performance measure used in traditional management accounting?

    <p>Trust</p> Signup and view all the answers

    What is the purpose of management accounting according to the text?

    <p>Enabling long-run sustainability and long-term brand recognition/political/social influence</p> Signup and view all the answers

    Which of the following is a key characteristic of management accounting systems that consider trust as an important factor?

    <p>They place less emphasis on numerical metrics and performance indicators.</p> Signup and view all the answers

    Which type of management accounting system places a heavy emphasis on using numerical metrics and performance indicators?

    <p>Traditional system</p> Signup and view all the answers

    What role does trust play in certain approaches to management accounting?

    <p>It is an important factor in evaluating performance.</p> Signup and view all the answers

    What is the focus of management accounting systems that consider trust as an important factor?

    <p>Evaluating performance based on trust</p> Signup and view all the answers

    What is a key objective of management accounting mentioned in the text?

    <p>Enabling long-run sustainability leading to long-term brand recognition or political/social influence</p> Signup and view all the answers

    More Like This

    Four Major Perspectives on Personality Quiz
    18 questions

    Four Major Perspectives on Personality Quiz

    PleasurableBlessing avatar
    PleasurableBlessing
    Four-Handed Dentistry Principles
    11 questions

    Four-Handed Dentistry Principles

    BeneficentHonor6192 avatar
    BeneficentHonor6192
    Four Great Classical Novels of Chinese Literature
    8 questions

    Four Great Classical Novels of Chinese Literature

    MarvelousPascal avatar
    MarvelousPascal
    The 7 Perspectives of Effective Leaders Perspective Four
    30 questions

    The 7 Perspectives of Effective Leaders Perspective Four

    Tree Of Life Christian Academy avatar
    Tree Of Life Christian Academy
    Use Quizgecko on...
    Browser
    Open
    Browser
    Browser