81) Strategy implementation focuses more on translating a mission into goals than on the functions of organizing, staffing, and controlling.
82) Consolidation keeps the company's strategy up to date by assessing progress toward strategic goals and taking corrective action as needed.
83) Managers engage in three levels of strategic planning.
84) Cost leadership, differentiation, and focus strategies are types of corporate-level strategies.
85) A vertical integration strategy means that a firm will expand by adding new product lines.
86) McDonald's addressed its lagging profitability by first closing stores operating below its guidelines. McDonald's used a consolidation strategy.
87) A business-level strategy is implemented by Pizza Hut, Domino's, Papa John's and Little Caesar's in their competition with each other for pizza customers.
88) Offshoring is limited to lower skilled manufacturing jobs within the garment industry.
89) Strategic human resource management means formulating and executing HR systems that produce the employee competencies and behaviors a firm needs to achieve its strategic aims.
90) The specific human resource policies and practices used to support a firm's strategic goals are known as human resource strategies.