Question 7 2 points Save Answer When a firm does not have a well defined long-term strategy but just responds to events in an ad-hoc manner to meet its immediate needs, then according to Miles and Snow model, what type of strategy does the firm have O Reactor strategy O Defender strategy O Analyzer strategy Prospector strategy Question 8 2 points Save Answer Saucony shoes ran an advertisement in which they claimed to be developing "Biodegradable" shoes. They are positioning these shoes as a unique type of environment-friendly product that is not yet available with any of the other shoe companies like Nike, Adidas etc. Saucony is investing substantial amount of money in R&D for these type of shoes and also spending considerable amount on advertising. The aim is to capture a loyal customer base of people who are highly conscious about sustainability issues and will appreciate this unique characteristic of the shoes. One possibility is that due to substantial investment in innovative R&D and marketing the price of the shoes might be slightly higher than other shoes on the market. Select the option that represents the type of organizational strategy that Saucony has adopted in this case: Porter's differentiation strategy Porter's low cost leadership strategy o Miles & Snow Attacker strategy O Miles & Snow Reactor Strategy Question 9 1 points Save Answer Institutional theory from the topic on inter-organizational relationships' focuses on how a given industry/environment exerts what i called as "institutional pressure' on the structure and processes of individual firms in that industry/environment. Due to this insitutiona pressure, these firms operating in the same industry or environment will come to adopt a lot of work processes that are very simila across firms. O True O False Question 10 4 points Save Answer Select ALL the operational goals from the below list that are both specific and measurable: Ensure that by 31st March, 2020, ALL employees in level 4 and 5 in the organization are provided the training on interpersonal skills. Reduce assembly cycle time for product A from 3 days to 2 days by 31st Dec. 2020 Increase profit margin for product A from 10% to 14% and for product B from 5% to 8% Improve production of part A by 31st Dec 2020