Exam 3: Strategic Management and Policy Development

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The five Ps of strategy offered by Henry Mintzberg include which of the following?

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D

Why are policies important for sport organizations?

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Policies are important because they enable decision making in a fair, consistent manner, which allows managers to act quickly in accordance with the mission and operating plans of the organization

Define the term strategic management

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Strategic management involves making decisions and formulating action plans in order to take advantage of some opportunity (real or perceived) within the organization's environment. The decision making flows from the mission of the organization, involves both long- and short-term tactics and plans, and often requires changes to other parts of the organization to support the plan

Name and explain the three levels of strategy. Give an example of each for your favorite sport organization

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Strategic management is often unrelated to organizational effectiveness

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Considering the _____________ and long-term impact of decision alternatives is critical to strategic decision-making.

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Effective policies make which of the following more effective?

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If the NBA's corporate-level strategy involves expanding its operations to Asia, Europe, and Australia, their business-level strategy might involve which of the following?

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Policies are active living documents that can change in response to changes within the organization

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What is the relationship between policies and strategic management?

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Sport organizations have less need for policies than educational organizations

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Will strategy help the sport manager be more innovative?

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What steps should be taken to execute the strategic management plan? Give an example to illustrate your answer

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Which of the following is true of the case method analysis for developing effective policy?

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The actual structural configuration of an organization can be analyzed from several different perspectives

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The macro level of analysis provides information for the construction of the business strategy for the organization

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Which of the following is true of the set of decisions and action plans that are part of strategic management?

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Which of the following is true of policies?

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How are strategic management and strategic decision making different?

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Macro- and micro-management orientation refers to __________.

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