Question 1

If two organizations use the same strategy models and they are in the same industry they are likely to come up with the same answers

Accepted Answer

A) True 
 B)False  False

Question 2

It is argued that in recent years managerial 'agency' has less influence on the direction of the organization than previously. This means that the external environment of organizations is becoming more

Accepted Answer

A)  Predictable 
B)  Controllable 
C)  Deterministic 
D)  Political 
A)  Predictable 
B)  Controllable 
C)  Deterministic 
D)  Political C

Question 3

Which of the following statements most closely describes the scope of the business?

Accepted Answer

A)  We design customized I.T solutions by combining the talents of a globally dispersed knowledge base. using cutting edge technology 
B)  We will grow the business to every continent by building on our talent to achieve above average profits 
C)  Our IT solutions provide global distribution companies with customized systems 
D)  We are in the business of providing IT solutions to global distribution companies 
A)  We design customized I.T solutions by combining the talents of a globally dispersed knowledge base. using cutting edge technology 
B)  We will grow the business to every continent by building on our talent to achieve above average profits 
C)  Our IT solutions provide global distribution companies with customized systems 
D)  We are in the business of providing IT solutions to global distribution companies D

Question 4

Two firms with roughly the same set of resources and capabilities are likely to develop the same core competences.

Accepted Answer

A) True 
 B)False

Question 5

Distinguish between strategy content, strategy process and strategy context.

Accepted Answer

As defined by De Wit and Meyer (1999) st

Question 6

Which of the following statements most closely resembles a vision statement?

Accepted Answer

A)  "Our business is to inform and entertain our viewers" 
B)  "Our business is to inform and entertain our viewers using the best writers and broadcasters that the industry has to offer" 
C)  "We aim to break free of the traditional view of broadcasting and bring the viewer the most innovative . and compelling news service in the industry" 
D)  "We believe that a news broadcaster should be impartial at all times and should never compromise on ethical standards" 
A)  "Our business is to inform and entertain our viewers" 
B)  "Our business is to inform and entertain our viewers using the best writers and broadcasters that the industry has to offer" 
C)  "We aim to break free of the traditional view of broadcasting and bring the viewer the most innovative . and compelling news service in the industry" 
D)  "We believe that a news broadcaster should be impartial at all times and should never compromise on ethical standards"

Question 7

Porter's Five Forces model takes a systems perspective on competition

Accepted Answer

A) True 
 B)False

Question 8

Generally there are three distinct levels of strategy. These are

Accepted Answer

A)  Small business, large business, global business 
B)  Single business, multi-business and multi-national. 
C)  Independent business, portfolio business and public sector organization 
D)  Single business, portfolio business and global business 
A)  Small business, large business, global business 
B)  Single business, multi-business and multi-national. 
C)  Independent business, portfolio business and public sector organization 
D)  Single business, portfolio business and global business

Question 9

In practice, strategies can come about in different ways. Mintzberg makes the distinction between______________ strategies and realized strategies.

Accepted Answer

The answer of In practice, strategies can come about in...

Question 10

The strategic planning process can often include a discussion of future scenarios. Which of the following statements most closely describes the activity of scenario building?

Accepted Answer

A)  Conducting a PEST analysis to generate opportunities and threats 
B)  Constructing a SWOT analysis to generate strategic options for the future 
C)  Constructing pictures of possible futures often deriving from a PEST analysis 
D)  Developing simulations to test market behaviour 
A)  Conducting a PEST analysis to generate opportunities and threats 
B)  Constructing a SWOT analysis to generate strategic options for the future 
C)  Constructing pictures of possible futures often deriving from a PEST analysis 
D)  Developing simulations to test market behaviour

Question 11

The evolutionary view of strategic management argues that

Accepted Answer

A)  Organizational survival is governed by strategic managers' decisions 
B)  Deliberate strategies are a delusion 
C)  Organizations are subject to environmental determinism 
D)  Strategy is the outcome of micro-politics within the organization 
A)  Organizational survival is governed by strategic managers' decisions 
B)  Deliberate strategies are a delusion 
C)  Organizations are subject to environmental determinism 
D)  Strategy is the outcome of micro-politics within the organization

Question 12

Popular strategic management tools such as the SWOT analysis can only help to structure thoughts.

Accepted Answer

A) True 
 B)False

Question 13

Tacit knowledge is knowledge that

Accepted Answer

A)  Is easy to transfer between people 
B)  Is taken for granted 
C)  Is difficult to write down 
D)  Is easily captured in I.T systems 
A)  Is easy to transfer between people 
B)  Is taken for granted 
C)  Is difficult to write down 
D)  Is easily captured in I.T systems

Question 14

Which of the following statements describe the Balanced Scorecard system of Kaplan and Norton?

Accepted Answer

A)  It is designed to measure organizational performance from a number of perspectives 
B)  It goes beyond measuring strategy on financial performance 
C)  It helps to determine whether strategic objectives are being met 
D)  It prioritizes shareholder satisfaction 
A)  It is designed to measure organizational performance from a number of perspectives 
B)  It goes beyond measuring strategy on financial performance 
C)  It helps to determine whether strategic objectives are being met 
D)  It prioritizes shareholder satisfaction

Question 15

What are the advantages of conducting strategic decision making in a planned fashion?

Accepted Answer

Planning can be less wasteful because it

Question 16

Stacey (1993) argues that organizations should be viewed as a bureaucratic system

Accepted Answer

A) True 
 B)False

Question 17

The _________________ view of strategy is attributed to economist Edith Penrose.

Accepted Answer

The answer of The _________________ view of strategy is attributed...

Question 18

The success of strategy implementation is very much dependent on

Accepted Answer

A)  Financial resources 
B)  Linkages 
C)  Human resources 
D)  Top management control 
A)  Financial resources 
B)  Linkages 
C)  Human resources 
D)  Top management control

Question 19

A strategic review is likely to be most effective when it breaks down the business into its component parts and looks at the strengths and weaknesses of each individual component.

Accepted Answer

A) True 
 B)False

Question 20

The way in which strategic managers interpret their internal and external environment draws on ideas from which academic field?

Accepted Answer

A)  Cognitive science 
B)  Evolutionary theory 
C)  Politics 
D)  Chaos theory 
A)  Cognitive science 
B)  Evolutionary theory 
C)  Politics 
D)  Chaos theory

If two organizations use the same strategy models and they are in the same industry they are likely to come up with the same answers

It is argued that in recent years managerial 'agency' has less influence on the direction of the organization than previously. This means that the external environment of organizations is becoming more

Which of the following statements most closely describes the scope of the business?

Two firms with roughly the same set of resources and capabilities are likely to develop the same core competences.

Distinguish between strategy content, strategy process and strategy context.

Which of the following statements most closely resembles a vision statement?

Porter's Five Forces model takes a systems perspective on competition

Generally there are three distinct levels of strategy. These are

In practice, strategies can come about in different ways. Mintzberg makes the distinction between______________ strategies and realized strategies.

The strategic planning process can often include a discussion of future scenarios. Which of the following statements most closely describes the activity of scenario building?

The evolutionary view of strategic management argues that

Popular strategic management tools such as the SWOT analysis can only help to structure thoughts.

Tacit knowledge is knowledge that

Which of the following statements describe the Balanced Scorecard system of Kaplan and Norton?

What are the advantages of conducting strategic decision making in a planned fashion?

Stacey (1993) argues that organizations should be viewed as a bureaucratic system

The _________________ view of strategy is attributed to economist Edith Penrose.

The success of strategy implementation is very much dependent on

A strategic review is likely to be most effective when it breaks down the business into its component parts and looks at the strengths and weaknesses of each individual component.

The way in which strategic managers interpret their internal and external environment draws on ideas from which academic field?

Introduction to Strategy

The Microeconomics of Strategy

The Macroeconomics of Strategy

Competitive Strategy: The Analysis of Strategic Position

Competitive Strategy: The Analysis of Strategic Capability

The Competitive Environment

Corporate Strategy: Adding Value in Multi-Business Firms

Global Strategies and International Advantage

Organisational Models and Approaches to Strategy

Risk, Uncertainty and Strategy

Strategic Decision Making: Process Analysis

Strategic Decision Making: Managing Strategic Change

Strategy As Knowledge: Innovation and Learning

Strategy and Corporate Governance

Analyzing and Measuring Strategic Performance

Filters

Exam 2: Systems Model and Strategy Map

If two organizations use the same strategy models and they are in the same industry they are likely to come up with the same answers

It is argued that in recent years managerial 'agency' has less influence on the direction of the organization than previously. This means that the external environment of organizations is becoming more

Which of the following statements most closely describes the scope of the business?

Two firms with roughly the same set of resources and capabilities are likely to develop the same core competences.

Distinguish between strategy content, strategy process and strategy context.

Which of the following statements most closely resembles a vision statement?

Porter's Five Forces model takes a systems perspective on competition

Generally there are three distinct levels of strategy. These are

In practice, strategies can come about in different ways. Mintzberg makes the distinction between______________ strategies and realized strategies.

The strategic planning process can often include a discussion of future scenarios. Which of the following statements most closely describes the activity of scenario building?

The evolutionary view of strategic management argues that

Popular strategic management tools such as the SWOT analysis can only help to structure thoughts.

Tacit knowledge is knowledge that

Which of the following statements describe the Balanced Scorecard system of Kaplan and Norton?

What are the advantages of conducting strategic decision making in a planned fashion?

Stacey (1993) argues that organizations should be viewed as a bureaucratic system

The _________________ view of strategy is attributed to economist Edith Penrose.

The success of strategy implementation is very much dependent on

A strategic review is likely to be most effective when it breaks down the business into its component parts and looks at the strengths and weaknesses of each individual component.

The way in which strategic managers interpret their internal and external environment draws on ideas from which academic field?

Introduction to Strategy

The Microeconomics of Strategy

The Macroeconomics of Strategy

Competitive Strategy: The Analysis of Strategic Position

Competitive Strategy: The Analysis of Strategic Capability

The Competitive Environment

Corporate Strategy: Adding Value in Multi-Business Firms

Global Strategies and International Advantage

Organisational Models and Approaches to Strategy

Risk, Uncertainty and Strategy

Strategic Decision Making: Process Analysis

Strategic Decision Making: Managing Strategic Change

Strategy As Knowledge: Innovation and Learning

Strategy and Corporate Governance

Analyzing and Measuring Strategic Performance

Filters