Question 1

Which of the following is NOT a key attribute that serves as one of the evaluative criteria for Fortune's "America's Most Admired Companies"?

Accepted Answer

A)  People management 
B)  Innovativeness 
C)  Financial soundness 
D)  Amount of physical resources 
E)  Social responsibility 
A)  People management 
B)  Innovativeness 
C)  Financial soundness 
D)  Amount of physical resources 
E)  Social responsibility

Question 2

What aims to balance long-term with short-term concerns, financial with nonfinancial concerns, and internal with external concerns?

Accepted Answer

A)  Contingency planning 
B)  The Balanced Scorecard approach 
C)  Taking corrective action 
D)  Benchmarking 
E)  Consonance 
A)  Contingency planning 
B)  The Balanced Scorecard approach 
C)  Taking corrective action 
D)  Benchmarking 
E)  Consonance

Question 3

Also important in evaluating strategies are ________ criteria, like high absenteeism and turnover rates, or low employee satisfaction.

Accepted Answer

A)  numerical 
B)  qualitative 
C)  quantitative 
D)  accounting 
E)  financial 
A)  numerical 
B)  qualitative 
C)  quantitative 
D)  accounting 
E)  financial

Question 4

Strategy evaluation is becoming increasingly easier with the passage of time, given technological advances.

Accepted Answer

A) True 
 B)False

Question 5

________ plans can be defined as alternative plans that can be put into effect if certain key events do not occur as expected.

Accepted Answer

A)  Agile 
B)  Scenario 
C)  Evaluation 
D)  Contingency 
E)  Forecast 
A)  Agile 
B)  Scenario 
C)  Evaluation 
D)  Contingency 
E)  Forecast

Question 6

Discuss some contingency plans commonly established by firms.

Accepted Answer

They include:
1)if a major competitor wi

Question 7

Evaluating strategies on a continuous rather than on a periodic basis allows benchmarks of progress to be established and more effectively monitored.

Accepted Answer

A) True 
 B)False

Question 8

Alvin Toffler argues that environments are becoming so dynamic and complex that they threaten people and organizations with future shock, in his thought-provoking books entitled Future Shock and The Third Wave.

Accepted Answer

A) True 
 B)False

Question 9

Which of these is a basic activity of strategy evaluation?

Accepted Answer

A)  Reviewing the underlying bases of current strategies 
B)  Comparing expected results with actual results 
C)  Taking corrective actions 
D)  Choices B and C only 
E)  All of the above 
A)  Reviewing the underlying bases of current strategies 
B)  Comparing expected results with actual results 
C)  Taking corrective actions 
D)  Choices B and C only 
E)  All of the above

Question 10

Explain why strategy evaluation can be a complex and sensitive undertaking.

Accepted Answer

Strategy evaluation can be a complex and

Question 11

Timely approximate information is generally more desirable as a basis for strategy evaluation than accurate information that does not depict the present.

Accepted Answer

A) True 
 B)False

Question 12

A frequently used tool in strategy evaluation is the audit.

Accepted Answer

A) True 
 B)False

Question 13

Financial ratios are used to compare a firm's performance over different time periods, to compare the firm's performance to industry averages, and to compare a firm's performance with

Accepted Answer

A)  overall business standards. 
B)  projected goals. 
C)  the performance of suppliers. 
D)  non-financial ratios. 
E)  the performance of competitors. 
A)  overall business standards. 
B)  projected goals. 
C)  the performance of suppliers. 
D)  non-financial ratios. 
E)  the performance of competitors.

Question 14

Regardless of the size of the organization, a certain amount of "management by wandering around" at all levels is essential to effective strategy evaluation.

Accepted Answer

A) True 
 B)False

Question 15

The Fortune 50 includes all of the following EXCEPT

Accepted Answer

A)  the largest retailers. 
B)  the largest transportation companies. 
C)  the largest utilities. 
D)  the largest banks. 
E)  the largest hospitals. 
A)  the largest retailers. 
B)  the largest transportation companies. 
C)  the largest utilities. 
D)  the largest banks. 
E)  the largest hospitals.

Question 16

Most quantitative criteria are geared to ________ objectives rather than ________ objectives.

Accepted Answer

A)  top-management; employee 
B)  short-term; annual 
C)  annual; long-term 
D)  environmental; community 
E)  long-term; short-term 
A)  top-management; employee 
B)  short-term; annual 
C)  annual; long-term 
D)  environmental; community 
E)  long-term; short-term

Question 17

Alternative strategies not selected for implementation should be discarded, as they have a tendency to contaminate the contingency plans.

Accepted Answer

A) True 
 B)False

Question 18

Which of the following statements about contingency plans is NOT true?

Accepted Answer

A)  Contingency plans should be as simple as possible. 
B)  Only high-priority areas require the insurance of contingency plans. 
C)  Contingency plans should be developed for favorable and unfavorable events. 
D)  Strategists should plan for all possible contingencies. 
E)  Contingency plans minimize the impact of potential threats. 
A)  Contingency plans should be as simple as possible. 
B)  Only high-priority areas require the insurance of contingency plans. 
C)  Contingency plans should be developed for favorable and unfavorable events. 
D)  Strategists should plan for all possible contingencies. 
E)  Contingency plans minimize the impact of potential threats.

Question 19

Research suggests that which of the following is one of the best ways to overcome individuals' resistance to change in strategy evaluation?

Accepted Answer

A)  Participation 
B)  Command-and-control 
C)  Laissez-faire system 
D)  Rational argument 
E)  Emotional reactions 
A)  Participation 
B)  Command-and-control 
C)  Laissez-faire system 
D)  Rational argument 
E)  Emotional reactions

Question 20

Modern organizational realities demand that employees demonstrate greater

Accepted Answer

A)  flexibility. 
B)  innovation. 
C)  creativity. 
D)  initiative. 
E)  all of the above 
A)  flexibility. 
B)  innovation. 
C)  creativity. 
D)  initiative. 
E)  all of the above

Which of the following is NOT a key attribute that serves as one of the evaluative criteria for Fortune's "America's Most Admired Companies"?

What aims to balance long-term with short-term concerns, financial with nonfinancial concerns, and internal with external concerns?

Also important in evaluating strategies are ________ criteria, like high absenteeism and turnover rates, or low employee satisfaction.

Strategy evaluation is becoming increasingly easier with the passage of time, given technological advances.

________ plans can be defined as alternative plans that can be put into effect if certain key events do not occur as expected.

Discuss some contingency plans commonly established by firms.

Evaluating strategies on a continuous rather than on a periodic basis allows benchmarks of progress to be established and more effectively monitored.

Alvin Toffler argues that environments are becoming so dynamic and complex that they threaten people and organizations with future shock, in his thought-provoking books entitled Future Shock and The Third Wave.

Which of these is a basic activity of strategy evaluation?

Explain why strategy evaluation can be a complex and sensitive undertaking.

Timely approximate information is generally more desirable as a basis for strategy evaluation than accurate information that does not depict the present.

A frequently used tool in strategy evaluation is the audit.

Financial ratios are used to compare a firm's performance over different time periods, to compare the firm's performance to industry averages, and to compare a firm's performance with

Regardless of the size of the organization, a certain amount of "management by wandering around" at all levels is essential to effective strategy evaluation.

The Fortune 50 includes all of the following EXCEPT

Most quantitative criteria are geared to objectives rather than objectives.

Alternative strategies not selected for implementation should be discarded, as they have a tendency to contaminate the contingency plans.

Which of the following statements about contingency plans is NOT true?

Research suggests that which of the following is one of the best ways to overcome individuals' resistance to change in strategy evaluation?

Modern organizational realities demand that employees demonstrate greater

The Nature of Strategic Management

The Business Vision and Mission

The External Assessment

The Internal Assessment

Strategies in Action

Strategy Analysis and Choice

Implementing Strategies: Management and Operations Issues

Implementing Strategies: Marketing, Finance/Accounting, R&D, and MIS Issues

Business Ethics, Social Responsibility, and Environmental Sustainability

Global and International Issues

Filters

Exam 9: Strategy Review, Evaluation, and Control

Which of the following is NOT a key attribute that serves as one of the evaluative criteria for Fortune's "America's Most Admired Companies"?

What aims to balance long-term with short-term concerns, financial with nonfinancial concerns, and internal with external concerns?

Also important in evaluating strategies are ________ criteria, like high absenteeism and turnover rates, or low employee satisfaction.

Strategy evaluation is becoming increasingly easier with the passage of time, given technological advances.

________ plans can be defined as alternative plans that can be put into effect if certain key events do not occur as expected.

Discuss some contingency plans commonly established by firms.

Evaluating strategies on a continuous rather than on a periodic basis allows benchmarks of progress to be established and more effectively monitored.

Alvin Toffler argues that environments are becoming so dynamic and complex that they threaten people and organizations with future shock, in his thought-provoking books entitled Future Shock and The Third Wave.

Which of these is a basic activity of strategy evaluation?

Explain why strategy evaluation can be a complex and sensitive undertaking.

Timely approximate information is generally more desirable as a basis for strategy evaluation than accurate information that does not depict the present.

A frequently used tool in strategy evaluation is the audit.

Financial ratios are used to compare a firm's performance over different time periods, to compare the firm's performance to industry averages, and to compare a firm's performance with

Regardless of the size of the organization, a certain amount of "management by wandering around" at all levels is essential to effective strategy evaluation.

The Fortune 50 includes all of the following EXCEPT

Most quantitative criteria are geared to ________ objectives rather than ________ objectives.

Alternative strategies not selected for implementation should be discarded, as they have a tendency to contaminate the contingency plans.

Which of the following statements about contingency plans is NOT true?

Research suggests that which of the following is one of the best ways to overcome individuals' resistance to change in strategy evaluation?

Modern organizational realities demand that employees demonstrate greater

The Nature of Strategic Management

The Business Vision and Mission

The External Assessment

The Internal Assessment

Strategies in Action

Strategy Analysis and Choice

Implementing Strategies: Management and Operations Issues

Implementing Strategies: Marketing, Finance/Accounting, R&D, and MIS Issues

Business Ethics, Social Responsibility, and Environmental Sustainability

Global and International Issues

Filters

Most quantitative criteria are geared to objectives rather than objectives.