Question 1

Strengths are those environmental trends that an organization can capitalize on and to improve its competitive position.

Accepted Answer

A) True 
 B)False

Question 2

"What is the current position of the organization?" is asked during the strategic analysis phase of strategic planning.

Accepted Answer

A) True 
 B)False

Question 3

What is a vision statement and, related, how can a leader/CEO have vision?

Accepted Answer

A vision statement is a statement of wha

Question 4

As baby boomers mature, companies in several industries, such as travel (i.e., cruises), golf, and assisted living communities have experienced tremendous growth. The companies capitalizing on this aging demographic closely monitored the changes in the __________ environment in order to plan for this growth.

Accepted Answer

A)  economic 
B)  technological 
C)  legal 
D)  socio-cultural 
E)  political 
A)  economic 
B)  technological 
C)  legal 
D)  socio-cultural 
E)  political

Question 5

Unlike the __________ environment, the __________ environment includes forces that are within the organization's operating environment and may be influenced to some degree.

Accepted Answer

A)  general, task 
B)  operational, general 
C)  general, tactical 
D)  general, specific 
E)  external, internal 
A)  general, task 
B)  operational, general 
C)  general, tactical 
D)  general, specific 
E)  external, internal

Question 6

A comprehensive plan that provides overall direction for the organization is known as a

Accepted Answer

A)  statement of strategic intent. 
B)  mission statement. 
C)  strategic plan. 
D)  vision statement. 
E)  strategic formulation. 
A)  statement of strategic intent. 
B)  mission statement. 
C)  strategic plan. 
D)  vision statement. 
E)  strategic formulation.

Question 7

A comprehensive, general approach for achieving the strategic goals of an organization is referred to as a/an

Accepted Answer

A)  competitive strategy. 
B)  grand strategy. 
C)  operational strategy. 
D)  tactical strategy. 
E)  functional strategy. 
A)  competitive strategy. 
B)  grand strategy. 
C)  operational strategy. 
D)  tactical strategy. 
E)  functional strategy.

Question 8

Controls designed to predict changes in the external environment or the internal operations of an organization that may affect its ability to fulfill its mission and meet its strategic goals are

Accepted Answer

A)  concurrent controls. 
B)  feedforward controls. 
C)  feedback controls. 
D)  generic controls. 
E)  assessment controls. 
A)  concurrent controls. 
B)  feedforward controls. 
C)  feedback controls. 
D)  generic controls. 
E)  assessment controls.

Question 9

While the level of sophistication and formality of the strategic planning process will differ among organizations, the process itself should be similar across all organizations.

Accepted Answer

A) True 
 B)False

Question 10

Many U.S.-based businesses wish to begin exporting and establishing business contacts in Cuba but are restricted by the embargo placed on the island nation back in the 1960s. Embargoes and other such trade measures are evidence of which of the following environments?

Accepted Answer

A)  economic 
B)  political-legal 
C)  socio-cultural 
D)  technological 
E)  demographic 
A)  economic 
B)  political-legal 
C)  socio-cultural 
D)  technological 
E)  demographic

Question 11

The three primary activities of strategic analysis are: 1) assessing the mission of the organization; 2) conducting an external environmental analysis; and, 3) conducting an internal environmental analysis.

Accepted Answer

A) True 
 B)False

Question 12

The general component of an organization's external environment includes economic, socio-cultural, technological, and political-legal factors.

Accepted Answer

A) True 
 B)False

Question 13

Each year, John Dowdy, CEO of MyCompany, Inc. leads a strategic planning retreat of the company executives. Mr. Dowdy always starts the retreat by asking his executives, "What is the current position of our organization? This question is asked in the __________ stage of the strategic planning process.

Accepted Answer

A)  strategic measurement 
B)  strategic analysis 
C)  strategy implementation 
D)  strategic control 
E)  strategy formulation 
A)  strategic measurement 
B)  strategic analysis 
C)  strategy implementation 
D)  strategic control 
E)  strategy formulation

Question 14

If IBM decides to conduct a thorough examination of its __________ environment, it would address such areas as marketing, financial, information technology, research and development, production operations, and general management capabilities of the organization.

Accepted Answer

A)  internal 
B)  general 
C)  task 
D)  industry 
E)  external 
A)  internal 
B)  general 
C)  task 
D)  industry 
E)  external

Question 15

Baby boomers are a demographic to be monitored in the socio-cultural environment.

Accepted Answer

A) True 
 B)False

Question 16

Michael Porter's Five Forces Model includes rivalry among competitors, the bargaining power of suppliers, the threat of new entrants to the industry, and the threat from substitute products or services.

Accepted Answer

A) True 
 B)False

Question 17

The system of shared beliefs and values that develops within an organization is referred to as

Accepted Answer

A)  organizational consistency. 
B)  organizational culture. 
C)  organizational value system. 
D)  organizational mission. 
E)  organizational society. 
A)  organizational consistency. 
B)  organizational culture. 
C)  organizational value system. 
D)  organizational mission. 
E)  organizational society.

Question 18

The CEO of Southwest Airlines, engages in a process that helps him take actions that affects the long-term performance of his company. This process is referred to as

Accepted Answer

A)  operational planning. 
B)  tactical planning. 
C)  contingency planning. 
D)  functional planning. 
E)  strategic planning. 
A)  operational planning. 
B)  tactical planning. 
C)  contingency planning. 
D)  functional planning. 
E)  strategic planning.

Question 19

The political-legal environment includes the regulatory parameters within which an organization must operate.

Accepted Answer

A) True 
 B)False

Question 20

The process by which an organization makes plans and decisions which are focused on its long-run performance is referred to as

Accepted Answer

A)  operational planning. 
B)  tactical planning. 
C)  strategic planning. 
D)  functional planning. 
E)  contingency planning. 
A)  operational planning. 
B)  tactical planning. 
C)  strategic planning. 
D)  functional planning. 
E)  contingency planning.

Strengths are those environmental trends that an organization can capitalize on and to improve its competitive position.

"What is the current position of the organization?" is asked during the strategic analysis phase of strategic planning.

What is a vision statement and, related, how can a leader/CEO have vision?

Unlike the environment, the environment includes forces that are within the organization's operating environment and may be influenced to some degree.

A comprehensive plan that provides overall direction for the organization is known as a

A comprehensive, general approach for achieving the strategic goals of an organization is referred to as a/an

Controls designed to predict changes in the external environment or the internal operations of an organization that may affect its ability to fulfill its mission and meet its strategic goals are

While the level of sophistication and formality of the strategic planning process will differ among organizations, the process itself should be similar across all organizations.

Many U.S.-based businesses wish to begin exporting and establishing business contacts in Cuba but are restricted by the embargo placed on the island nation back in the 1960s. Embargoes and other such trade measures are evidence of which of the following environments?

The three primary activities of strategic analysis are: 1) assessing the mission of the organization; 2) conducting an external environmental analysis; and, 3) conducting an internal environmental analysis.

The general component of an organization's external environment includes economic, socio-cultural, technological, and political-legal factors.

If IBM decides to conduct a thorough examination of its __________ environment, it would address such areas as marketing, financial, information technology, research and development, production operations, and general management capabilities of the organization.

Baby boomers are a demographic to be monitored in the socio-cultural environment.

Michael Porter's Five Forces Model includes rivalry among competitors, the bargaining power of suppliers, the threat of new entrants to the industry, and the threat from substitute products or services.

The system of shared beliefs and values that develops within an organization is referred to as

The CEO of Southwest Airlines, engages in a process that helps him take actions that affects the long-term performance of his company. This process is referred to as

The political-legal environment includes the regulatory parameters within which an organization must operate.

The process by which an organization makes plans and decisions which are focused on its long-run performance is referred to as

Management and Managers

Evolution of Management Thought

Social Responsibility and Ethics

Planning in the Contemporary Organization

Managerial Decision Making

Organizing for Effectiveness and Efficiency

Organizational Design

Strategic Human Resource Management

Organizational Culture and Change

Communicating Effectively Within Diverse Organizations

Leading in a Dynamic Environment

Exploring Individual Differences and Team Dynamics

Motivating Organizational Members

Organizational Control in a Complex Business Environment

Productivity and Quality in Operations

Information Technology and Control

Filters

Exam 4: Strategic Management and Planning in a Global Environment

Strengths are those environmental trends that an organization can capitalize on and to improve its competitive position.

"What is the current position of the organization?" is asked during the strategic analysis phase of strategic planning.

What is a vision statement and, related, how can a leader/CEO have vision?

Unlike the __________ environment, the __________ environment includes forces that are within the organization's operating environment and may be influenced to some degree.

A comprehensive plan that provides overall direction for the organization is known as a

A comprehensive, general approach for achieving the strategic goals of an organization is referred to as a/an

Controls designed to predict changes in the external environment or the internal operations of an organization that may affect its ability to fulfill its mission and meet its strategic goals are

While the level of sophistication and formality of the strategic planning process will differ among organizations, the process itself should be similar across all organizations.

Many U.S.-based businesses wish to begin exporting and establishing business contacts in Cuba but are restricted by the embargo placed on the island nation back in the 1960s. Embargoes and other such trade measures are evidence of which of the following environments?

The three primary activities of strategic analysis are: 1) assessing the mission of the organization; 2) conducting an external environmental analysis; and, 3) conducting an internal environmental analysis.

The general component of an organization's external environment includes economic, socio-cultural, technological, and political-legal factors.

If IBM decides to conduct a thorough examination of its __________ environment, it would address such areas as marketing, financial, information technology, research and development, production operations, and general management capabilities of the organization.

Baby boomers are a demographic to be monitored in the socio-cultural environment.

Michael Porter's Five Forces Model includes rivalry among competitors, the bargaining power of suppliers, the threat of new entrants to the industry, and the threat from substitute products or services.

The system of shared beliefs and values that develops within an organization is referred to as

The CEO of Southwest Airlines, engages in a process that helps him take actions that affects the long-term performance of his company. This process is referred to as

The political-legal environment includes the regulatory parameters within which an organization must operate.

The process by which an organization makes plans and decisions which are focused on its long-run performance is referred to as

Management and Managers

Evolution of Management Thought

Social Responsibility and Ethics

Planning in the Contemporary Organization

Managerial Decision Making

Organizing for Effectiveness and Efficiency

Organizational Design

Strategic Human Resource Management

Organizational Culture and Change

Communicating Effectively Within Diverse Organizations

Leading in a Dynamic Environment

Exploring Individual Differences and Team Dynamics

Motivating Organizational Members

Organizational Control in a Complex Business Environment

Productivity and Quality in Operations

Information Technology and Control

Filters

Unlike the environment, the environment includes forces that are within the organization's operating environment and may be influenced to some degree.