Question 1

A program or tactic is

Accepted Answer

A)  a detailed cost statement in terms of dollars. 
B)  a system of sequential steps. 
C)  a statement of the activities needed to support a strategy. 
D)  the process by which strategies and policies are put into action. 
E)  none of the above 
A)  a detailed cost statement in terms of dollars. 
B)  a system of sequential steps. 
C)  a statement of the activities needed to support a strategy. 
D)  the process by which strategies and policies are put into action. 
E)  none of the above

Question 2

Henry Mintzberg discovered that strategic formulation is a regular, continuous process.

Accepted Answer

A) True 
 B)False

Question 3

Mintzberg's entrepreneurial mode is sometimes referred to as "muddling through" since this decision-making mode tends to be more reactive than proactive in the search for new opportunities.

Accepted Answer

A) True 
 B)False

Question 4

Performance results are monitored at the strategy formulation phase of the strategic management process.

Accepted Answer

A) True 
 B)False

Question 5

In a survey of 50 corporations, which of the following was rated as one of the three top benefits of strategic management?

Accepted Answer

A)  clearer sense of strategic vision for the firm 
B)  higher levels of employee motivation 
C)  higher levels of job satisfaction 
D)  improved productivity 
E)  lower employee turnover 
A)  clearer sense of strategic vision for the firm 
B)  higher levels of employee motivation 
C)  higher levels of job satisfaction 
D)  improved productivity 
E)  lower employee turnover

Question 6

The goal of NAFTA is complete economic integration among Canada, the United States, and Mexico.

Accepted Answer

A) True 
 B)False

Question 7

The term used to describe new products, services, methods, and organizational approaches that allow businesses to achieve extraordinary returns is

Accepted Answer

A)  ROI. 
B)  innovation. 
C)  competitive advantage. 
D)  sustainability. 
E)  profit maximization. 
A)  ROI. 
B)  innovation. 
C)  competitive advantage. 
D)  sustainability. 
E)  profit maximization.

Question 8

A strategic decision is rare, consequential, and directive.

Accepted Answer

A) True 
 B)False

Question 9

Research of the planning practices of companies in the oil industry concludes that the real value of modern strategic planning is more in the ________ that is part of a future-oriented planning process than in any resulting written strategic plan.

Accepted Answer

A)  planning 
B)  strategic thinking and organizational learning 
C)  resulting written strategic plan 
D)  formality of the process 
E)  improved communication within the organization 
A)  planning 
B)  strategic thinking and organizational learning 
C)  resulting written strategic plan 
D)  formality of the process 
E)  improved communication within the organization

Question 10

One of the benefits of strategic management is a clearer sense of strategic vision for the firm.

Accepted Answer

A) True 
 B)False

Question 11

Research done by Henry Mintzberg suggests that strategy formulation

Accepted Answer

A)  is typically an irregular and a discontinuous process. 
B)  should be followed unswervingly to ensure success of the plan. 
C)  is a process to which organizations find they must make significant yearly changes. 
D)  should be reviewed after a specific interval of time to make sure it is still applicable. 
E)  is merely a checklist of actions following a logical process. 
A)  is typically an irregular and a discontinuous process. 
B)  should be followed unswervingly to ensure success of the plan. 
C)  is a process to which organizations find they must make significant yearly changes. 
D)  should be reviewed after a specific interval of time to make sure it is still applicable. 
E)  is merely a checklist of actions following a logical process.

Question 12

A broad mission statement may limit the scope of a firm's activities in terms of the product or service offered.

Accepted Answer

A) True 
 B)False

A program or tactic is

Henry Mintzberg discovered that strategic formulation is a regular, continuous process.

Mintzberg's entrepreneurial mode is sometimes referred to as "muddling through" since this decision-making mode tends to be more reactive than proactive in the search for new opportunities.

Performance results are monitored at the strategy formulation phase of the strategic management process.

In a survey of 50 corporations, which of the following was rated as one of the three top benefits of strategic management?

The goal of NAFTA is complete economic integration among Canada, the United States, and Mexico.

The term used to describe new products, services, methods, and organizational approaches that allow businesses to achieve extraordinary returns is

A strategic decision is rare, consequential, and directive.

Research of the planning practices of companies in the oil industry concludes that the real value of modern strategic planning is more in the ________ that is part of a future-oriented planning process than in any resulting written strategic plan.

One of the benefits of strategic management is a clearer sense of strategic vision for the firm.

Research done by Henry Mintzberg suggests that strategy formulation

A broad mission statement may limit the scope of a firm's activities in terms of the product or service offered.

Corporate Governance

Social Responsibility and Ethics in Strategic Management

Environmental Scanning and Industry Analysis

Organizational Analysis and Competitive Advantage

Strategy Formulation: Business Strategy

Strategy Formulation: Corporate Strategy

Strategy Formulation: Functional Strategy and Strategic Choice

Strategy Implementation: Global Strategy

Strategy Implementation: Organizing and Structure

Strategy Implementation: Staffing and Directing

Evaluation and Control

Suggestions for Case Analysis

Filters

Exam 1: Basic Concepts in Strategic Management

A program or tactic is

Henry Mintzberg discovered that strategic formulation is a regular, continuous process.

Mintzberg's entrepreneurial mode is sometimes referred to as "muddling through" since this decision-making mode tends to be more reactive than proactive in the search for new opportunities.

Performance results are monitored at the strategy formulation phase of the strategic management process.

In a survey of 50 corporations, which of the following was rated as one of the three top benefits of strategic management?

The goal of NAFTA is complete economic integration among Canada, the United States, and Mexico.

The term used to describe new products, services, methods, and organizational approaches that allow businesses to achieve extraordinary returns is

A strategic decision is rare, consequential, and directive.

Research of the planning practices of companies in the oil industry concludes that the real value of modern strategic planning is more in the ________ that is part of a future-oriented planning process than in any resulting written strategic plan.

One of the benefits of strategic management is a clearer sense of strategic vision for the firm.

Research done by Henry Mintzberg suggests that strategy formulation

A broad mission statement may limit the scope of a firm's activities in terms of the product or service offered.

Corporate Governance

Social Responsibility and Ethics in Strategic Management

Environmental Scanning and Industry Analysis

Organizational Analysis and Competitive Advantage

Strategy Formulation: Business Strategy

Strategy Formulation: Corporate Strategy

Strategy Formulation: Functional Strategy and Strategic Choice

Strategy Implementation: Global Strategy

Strategy Implementation: Organizing and Structure

Strategy Implementation: Staffing and Directing

Evaluation and Control

Suggestions for Case Analysis

Filters