Question 1

According to John A. Pearce, "grand strategy" is defined as:

Accepted Answer

A)  Open-ended statements of planned accomplishment 
B)  The desired end result of a planned accomplishment 
C)  The comprehensive plan by which the firm intends to achieve its objectives 
D)  Statements aimed at solving organizational threats 
A)  Open-ended statements of planned accomplishment 
B)  The desired end result of a planned accomplishment 
C)  The comprehensive plan by which the firm intends to achieve its objectives 
D)  Statements aimed at solving organizational threats

Question 2

Why is it important to consider national culture and organizational culture while making strategic plans? Validate your answer with examples.

Accepted Answer

It is important to consider national cul

Question 3

Understanding and commitment to a strategy by managers at different levels often involves a refine?ment of the strategies into programs and budgets.

Accepted Answer

A) True 
 B)False

Question 4

Strategic planning process is only applicable to large profit-oriented organizations.

Accepted Answer

A) True 
 B)False

Question 5

No discussion of strategy formulation and planning is complete with addressing the important topic of intuition.

Accepted Answer

A) True 
 B)False

Question 6

In your opinion, does the SWOT analysis have limitations? If yes, how would those limitations affect the strategic planning process of an organization? Support your answer with examples.

Accepted Answer

Yes, the SWOT analysis does have limitat

Question 7

Strategic planning answers an organization's position in terms of:

Accepted Answer

A)  When, Why, Who, Where 
B)  Now, Which, Who, When 
C)  Now, When, Who, Where 
D)  Which, Where, Now, Why 
A)  When, Why, Who, Where 
B)  Now, Which, Who, When 
C)  Now, When, Who, Where 
D)  Which, Where, Now, Why

Question 8

The strategic location of a shop is a/an _________, whereas the risk of natural disasters is not a/an _________.

Accepted Answer

A)  Opportunity, Strength 
B)  Opportunity, Threat 
C)  Strength, Opportunity 
D)  Strength, Threat 
A)  Opportunity, Strength 
B)  Opportunity, Threat 
C)  Strength, Opportunity 
D)  Strength, Threat

Question 9

What are the possible negative aspects of intuitive decisions? Explain with examples.

Accepted Answer

Intuitive decisions can have several pot

Question 10

Intuitive decisions suffer from inconsistency.

Accepted Answer

A) True 
 B)False

Question 11

The implementation of a strategy is arguably the least important stage with respect to the other stages.

Accepted Answer

A) True 
 B)False

Question 12

Discuss the implications of the agency theory on the organization's strategic plan.

Accepted Answer

The agency theory has significant implic

Question 13

Which of the following is not true about culture?

Accepted Answer

A)  It encompasses an identifiable group of people who share common values, beliefs, and customs 
B)  It is learned, mostly informally, within the social environment 
C)  It represents a unified worldview and mindset since it is static 
D)  It includes the unique artifacts, language, art, music, drama, literature, folklore, cuisine, and architecture 
A)  It encompasses an identifiable group of people who share common values, beliefs, and customs 
B)  It is learned, mostly informally, within the social environment 
C)  It represents a unified worldview and mindset since it is static 
D)  It includes the unique artifacts, language, art, music, drama, literature, folklore, cuisine, and architecture

Question 14

Strategy of simple rules is to determine a small number of important strategic processes and develop simple rules for decision-making.

Accepted Answer

A) True 
 B)False

Question 15

Strategic planning that takes place at the business level is often referred to as the organization's grand strategy.

Accepted Answer

A) True 
 B)False

Question 16

Dynamic strategic management process involves:

Accepted Answer

A)  Formulation of a strategy and the evaluation of the strategy's success 
B)  Formulation of a strategy, implementation of the strategy, and evaluation of the strategy's success 
C)  Implementation of the strategy and evaluation of the strategy's success 
D)  Formulation of a strategy, monitoring of the strategy, and evaluation of the strategy's success 
A)  Formulation of a strategy and the evaluation of the strategy's success 
B)  Formulation of a strategy, implementation of the strategy, and evaluation of the strategy's success 
C)  Implementation of the strategy and evaluation of the strategy's success 
D)  Formulation of a strategy, monitoring of the strategy, and evaluation of the strategy's success

Question 17

Define and discuss the importance of having a well-formulated mission and vision for an organization. Identify the advantages and disadvantages to the various stakeholders (shareholders, employees, customers, the overall organization, etc.).

Accepted Answer

A well-formulated mission and vision are

Question 18

Three levels of organizational strategic planning are corporate level, business level, and functional level.

Accepted Answer

A) True 
 B)False

Question 19

In the current competitive and unpredictable environment, having formal plans is more important than having a vision.

Accepted Answer

A) True 
 B)False

Question 20

Internal analysis does not include analyzing an organization's.

Accepted Answer

A)  Strengths and Weaknesses 
B)  Opportunities and Threats 
C)  Weakness and Threats 
D)  Strength and Opportunities 
A)  Strengths and Weaknesses 
B)  Opportunities and Threats 
C)  Weakness and Threats 
D)  Strength and Opportunities

According to John A. Pearce, "grand strategy" is defined as:

Why is it important to consider national culture and organizational culture while making strategic plans? Validate your answer with examples.

Understanding and commitment to a strategy by managers at different levels often involves a refine?ment of the strategies into programs and budgets.

Strategic planning process is only applicable to large profit-oriented organizations.

No discussion of strategy formulation and planning is complete with addressing the important topic of intuition.

In your opinion, does the SWOT analysis have limitations? If yes, how would those limitations affect the strategic planning process of an organization? Support your answer with examples.

Strategic planning answers an organization's position in terms of:

The strategic location of a shop is a/an _, whereas the risk of natural disasters is not a/an _.

What are the possible negative aspects of intuitive decisions? Explain with examples.

Intuitive decisions suffer from inconsistency.

The implementation of a strategy is arguably the least important stage with respect to the other stages.

Discuss the implications of the agency theory on the organization's strategic plan.

Which of the following is not true about culture?

Strategy of simple rules is to determine a small number of important strategic processes and develop simple rules for decision-making.

Strategic planning that takes place at the business level is often referred to as the organization's grand strategy.

Dynamic strategic management process involves:

Define and discuss the importance of having a well-formulated mission and vision for an organization. Identify the advantages and disadvantages to the various stakeholders (shareholders, employees, customers, the overall organization, etc.).

Three levels of organizational strategic planning are corporate level, business level, and functional level.

In the current competitive and unpredictable environment, having formal plans is more important than having a vision.

Internal analysis does not include analyzing an organization's.

Contemporary Issues in the Strategic Planning Process SPP

External Strategic Audit

Internal Strategic Audit

Strategic Options - Corporate Level

Strategic Choice Options - Business and Functional Levels

Implementing and Executing Strategies in the Business and Functional Levels

Evaluation and Control in Strategic Planning

A Strategic Planning Process SPP Model for the Not-For-Profit Sector

Strategic Marketing for the Public and the Not-For-Profit Sectors

A Framework of Global Strategic Planning

Filters

Exam 1: An Introduction to the Strategic Planning Process SPP

According to John A. Pearce, "grand strategy" is defined as:

Why is it important to consider national culture and organizational culture while making strategic plans? Validate your answer with examples.

Understanding and commitment to a strategy by managers at different levels often involves a refine?ment of the strategies into programs and budgets.

Strategic planning process is only applicable to large profit-oriented organizations.

No discussion of strategy formulation and planning is complete with addressing the important topic of intuition.

In your opinion, does the SWOT analysis have limitations? If yes, how would those limitations affect the strategic planning process of an organization? Support your answer with examples.

Strategic planning answers an organization's position in terms of:

The strategic location of a shop is a/an _________, whereas the risk of natural disasters is not a/an _________.

What are the possible negative aspects of intuitive decisions? Explain with examples.

Intuitive decisions suffer from inconsistency.

The implementation of a strategy is arguably the least important stage with respect to the other stages.

Discuss the implications of the agency theory on the organization's strategic plan.

Which of the following is not true about culture?

Strategy of simple rules is to determine a small number of important strategic processes and develop simple rules for decision-making.

Strategic planning that takes place at the business level is often referred to as the organization's grand strategy.

Dynamic strategic management process involves:

Define and discuss the importance of having a well-formulated mission and vision for an organization. Identify the advantages and disadvantages to the various stakeholders (shareholders, employees, customers, the overall organization, etc.).

Three levels of organizational strategic planning are corporate level, business level, and functional level.

In the current competitive and unpredictable environment, having formal plans is more important than having a vision.

Internal analysis does not include analyzing an organization's.

Contemporary Issues in the Strategic Planning Process SPP

External Strategic Audit

Internal Strategic Audit

Strategic Options - Corporate Level

Strategic Choice Options - Business and Functional Levels

Implementing and Executing Strategies in the Business and Functional Levels

Evaluation and Control in Strategic Planning

A Strategic Planning Process SPP Model for the Not-For-Profit Sector

Strategic Marketing for the Public and the Not-For-Profit Sectors

A Framework of Global Strategic Planning

Filters

The strategic location of a shop is a/an _, whereas the risk of natural disasters is not a/an _.