Question 1

A strategy maximizes competitive advantage and minimizes competitive disadvantage.

Accepted Answer

A) True 
 B)False

Question 2

A Gallop study reported that companies that focused on business sustainability had 3.9 times the EPS growth rates as compared to organizations that did not focus on business sustainability.

Accepted Answer

A) True 
 B)False

Question 3

What are the four main activities of a learning organization?

Accepted Answer

The four main activities of a learning o

Question 4

The T in SWOT stands for

Accepted Answer

A)  trust. 
B)  technical. 
C)  terminal. 
D)  threats. 
E)  task. 
A)  trust. 
B)  technical. 
C)  terminal. 
D)  threats. 
E)  task.

Question 5

As defined in this course, a policy is

Accepted Answer

A)  the purpose or reason for a corporation's existence. 
B)  a statement of activities or steps needed to accomplish a single-use plan. 
C)  a broad guideline for making decisions that links the formulation of strategy with its implementation. 
D)  a comprehensive master plan stating how a corporation will achieve its mission and objectives. 
E)  a statement of a corporation's programs in dollar terms. 
A)  the purpose or reason for a corporation's existence. 
B)  a statement of activities or steps needed to accomplish a single-use plan. 
C)  a broad guideline for making decisions that links the formulation of strategy with its implementation. 
D)  a comprehensive master plan stating how a corporation will achieve its mission and objectives. 
E)  a statement of a corporation's programs in dollar terms.

Question 6

According to organizational learning theory, an organization uses knowledge to improve the fit between itself and its environment.

Accepted Answer

A) True 
 B)False

Question 7

Which of the following is NOT a part of strategy implementation?

Accepted Answer

A)  performance evaluation 
B)  budgets 
C)  programs and tactics 
D)  procedures 
E)  operational planning 
A)  performance evaluation 
B)  budgets 
C)  programs and tactics 
D)  procedures 
E)  operational planning

Question 8

Globalization is the integrated internationalization of markets and corporations.

Accepted Answer

A) True 
 B)False

Question 9

Which of the following statements is NOT True of a strategic inflection point?

Accepted Answer

A)  The term was coined by Andy Grove, past CEO of Intel Corporation. 
B)  This represents what happens to a business when a major change takes place due to the introduction of new technology. 
C)  This represents what happens to a business when a major change takes place due to a change in customers' values or a change in what customers prefer. 
D)  This represents what happens to a business when a major change takes place due to a different regulatory environment. 
E)  A new CEO is an example of a strategic inflection point. 
A)  The term was coined by Andy Grove, past CEO of Intel Corporation. 
B)  This represents what happens to a business when a major change takes place due to the introduction of new technology. 
C)  This represents what happens to a business when a major change takes place due to a change in customers' values or a change in what customers prefer. 
D)  This represents what happens to a business when a major change takes place due to a different regulatory environment. 
E)  A new CEO is an example of a strategic inflection point.

Question 10

The variables structure, culture, and resources pertain to the

Accepted Answer

A)  external environment. 
B)  internal environment. 
C)  sociocultural forces. 
D)  task environment. 
E)  societal environment. 
A)  external environment. 
B)  internal environment. 
C)  sociocultural forces. 
D)  task environment. 
E)  societal environment.

Question 11

Strategic planning in a multidivisional corporation

Accepted Answer

A)  should be informal to allow complete understanding by the many participants. 
B)  should be instigated only from the main corporate office. 
C)  should be accomplished quickly to decrease the likelihood of it becoming outdated. 
D)  should encourage a clear delineation between top management and lower-level managers. 
E)  should be a formalized and sophisticated system. 
A)  should be informal to allow complete understanding by the many participants. 
B)  should be instigated only from the main corporate office. 
C)  should be accomplished quickly to decrease the likelihood of it becoming outdated. 
D)  should encourage a clear delineation between top management and lower-level managers. 
E)  should be a formalized and sophisticated system.

Question 12

A goal differs from an objective because it

Accepted Answer

A)  is open-ended. 
B)  is quantified. 
C)  specifies measurable results. 
D)  is clearly specified. 
E)  provides a time horizon. 
A)  is open-ended. 
B)  is quantified. 
C)  specifies measurable results. 
D)  is clearly specified. 
E)  provides a time horizon.

Question 13

One of the benefits of strategic management is a clearer sense of strategic vision for the firm.

Accepted Answer

A) True 
 B)False

Question 14

The regional trade association composed of Argentina, Brazil, Uruguay, and Paraguay is called

Accepted Answer

A)  EU. 
B)  ASEAN. 
C)  NAFTA. 
D)  Mercosur. 
E)  ABUP. 
A)  EU. 
B)  ASEAN. 
C)  NAFTA. 
D)  Mercosur. 
E)  ABUP.

Question 15

FedEx stipulates specific employee behaviors including how a driver dresses to how keys are held when approaching a customer's door. This is an example of a

Accepted Answer

A)  program. 
B)  budget. 
C)  procedure. 
D)  policy. 
E)  control. 
A)  program. 
B)  budget. 
C)  procedure. 
D)  policy. 
E)  control.

Question 16

The currency used to integrate the monetary systems of the European Union (EU) is called the

Accepted Answer

A)  peso. 
B)  dollar. 
C)  euro. 
D)  franc. 
E)  pound. 
A)  peso. 
B)  dollar. 
C)  euro. 
D)  franc. 
E)  pound.

Question 17

A functional strategy may include competitive or cooperative strategies.

Accepted Answer

A) True 
 B)False

Question 18

Members of the European Union (EU) include all of the following EXCEPT

Accepted Answer

A)  Ireland. 
B)  Malaysia. 
C)  Belgium. 
D)  France. 
E)  Slovakia. 
A)  Ireland. 
B)  Malaysia. 
C)  Belgium. 
D)  France. 
E)  Slovakia.

Question 19

Which of the following is an example of an objective?

Accepted Answer

A)  Diversify product line to appeal to more people. 
B)  Increase sales by 10% over last year. 
C)  Pay highest salaries to keep high quality employees. 
D)  Develop and sell quality appliances worldwide. 
E)  Divide a sales region into a group of sales districts. 
A)  Diversify product line to appeal to more people. 
B)  Increase sales by 10% over last year. 
C)  Pay highest salaries to keep high quality employees. 
D)  Develop and sell quality appliances worldwide. 
E)  Divide a sales region into a group of sales districts.

Question 20

Amazon.com, founded by Jeff Bezos and reflecting his vision, is an example of which mode of strategic decision making?

Accepted Answer

A)  adaptive 
B)  entrepreneurial 
C)  logical incrementalism 
D)  planning 
E)  none of the above 
A)  adaptive 
B)  entrepreneurial 
C)  logical incrementalism 
D)  planning 
E)  none of the above

A strategy maximizes competitive advantage and minimizes competitive disadvantage.

A Gallop study reported that companies that focused on business sustainability had 3.9 times the EPS growth rates as compared to organizations that did not focus on business sustainability.

What are the four main activities of a learning organization?

The T in SWOT stands for

As defined in this course, a policy is

According to organizational learning theory, an organization uses knowledge to improve the fit between itself and its environment.

Which of the following is NOT a part of strategy implementation?

Globalization is the integrated internationalization of markets and corporations.

Which of the following statements is NOT True of a strategic inflection point?

The variables structure, culture, and resources pertain to the

Strategic planning in a multidivisional corporation

A goal differs from an objective because it

One of the benefits of strategic management is a clearer sense of strategic vision for the firm.

The regional trade association composed of Argentina, Brazil, Uruguay, and Paraguay is called

FedEx stipulates specific employee behaviors including how a driver dresses to how keys are held when approaching a customer's door. This is an example of a

The currency used to integrate the monetary systems of the European Union (EU) is called the

A functional strategy may include competitive or cooperative strategies.

Members of the European Union (EU) include all of the following EXCEPT

Which of the following is an example of an objective?

Amazon.com, founded by Jeff Bezos and reflecting his vision, is an example of which mode of strategic decision making?

Corporate Governance

Ethics and Social Responsibility in Strategic Management

Environmental Scanning and Industry Analysis

Internal Scanning and Organizational Analysis

Strategy Formulation: Situation Analysis and Business Strategy

Strategy Formulation: Corporate Strategy

Strategy Formulation: Functional Strategy and Strategic Choice

Strategy Implementation: Organizing for Action

Strategy Implementation: Staffing and Directing

Evaluation and Control

Suggestions for Case Analysis

Filters

Exam 1: Basic Concepts in Strategic Management

A strategy maximizes competitive advantage and minimizes competitive disadvantage.

A Gallop study reported that companies that focused on business sustainability had 3.9 times the EPS growth rates as compared to organizations that did not focus on business sustainability.

What are the four main activities of a learning organization?

The T in SWOT stands for

As defined in this course, a policy is

According to organizational learning theory, an organization uses knowledge to improve the fit between itself and its environment.

Which of the following is NOT a part of strategy implementation?

Globalization is the integrated internationalization of markets and corporations.

Which of the following statements is NOT True of a strategic inflection point?

The variables structure, culture, and resources pertain to the

Strategic planning in a multidivisional corporation

A goal differs from an objective because it

One of the benefits of strategic management is a clearer sense of strategic vision for the firm.

The regional trade association composed of Argentina, Brazil, Uruguay, and Paraguay is called

FedEx stipulates specific employee behaviors including how a driver dresses to how keys are held when approaching a customer's door. This is an example of a

The currency used to integrate the monetary systems of the European Union (EU) is called the

A functional strategy may include competitive or cooperative strategies.

Members of the European Union (EU) include all of the following EXCEPT

Which of the following is an example of an objective?

Amazon.com, founded by Jeff Bezos and reflecting his vision, is an example of which mode of strategic decision making?

Corporate Governance

Ethics and Social Responsibility in Strategic Management

Environmental Scanning and Industry Analysis

Internal Scanning and Organizational Analysis

Strategy Formulation: Situation Analysis and Business Strategy

Strategy Formulation: Corporate Strategy

Strategy Formulation: Functional Strategy and Strategic Choice

Strategy Implementation: Organizing for Action

Strategy Implementation: Staffing and Directing

Evaluation and Control

Suggestions for Case Analysis

Filters