Question 1

Performance results are monitored at the strategy formulation phase of the strategic management process.

Accepted Answer

A) True 
 B)False

Question 2

Which of the following is an example of a program?

Accepted Answer

A) Diversify product line to appeal to more people. 
B) Increase sales by 10% over last year. 
C) Must be #1 wherever we compete. 
D) Develop and sell quality appliances worldwide. 
E) Reduce final assembly time to three days by having suppliers build plan sections. 
A) Diversify product line to appeal to more people. 
B) Increase sales by 10% over last year. 
C) Must be #1 wherever we compete. 
D) Develop and sell quality appliances worldwide. 
E) Reduce final assembly time to three days by having suppliers build plan sections.

Question 3

While there are litigation and physical risks to companies as a result of climate change, there is no risk currently identified to the company on its overall reputation.

Accepted Answer

A) True 
 B)False

Question 4

The phenomenon that describes corporations as evolving through relatively long periods of stability punctuated by relatively short bursts of fundamental change is known as

Accepted Answer

A) revolution. 
B) equilibrium. 
C) punctuated equilibrium. 
D) logical incrementalism. 
E) discontinuity. 
A) revolution. 
B) equilibrium. 
C) punctuated equilibrium. 
D) logical incrementalism. 
E) discontinuity.

Question 5

Strategic flexibility is the ability to shift from one dominant strategy to another.

Accepted Answer

A) True 
 B)False

Question 6

Henry Mintzberg discovered that strategic formulation is a regular, continuous process.

Accepted Answer

A) True 
 B)False

Question 7

An example of an objective is "increased profitability," while an example of a goal is "to increase the firm's profitability in 2010 by 15% over 2009."

Accepted Answer

A) True 
 B)False

Question 8

All of the following reflect activities of a learning organization EXCEPT

Accepted Answer

A) experimenting with new approaches. 
B) learning from its own experiences and past history. 
C) solving problems systematically. 
D) alienating competitors in the industry. 
E) transferring knowledge quickly and efficiently throughout the organization. 
A) experimenting with new approaches. 
B) learning from its own experiences and past history. 
C) solving problems systematically. 
D) alienating competitors in the industry. 
E) transferring knowledge quickly and efficiently throughout the organization.

Question 9

The theory that proposes organizations can and do adapt to changing conditions by imitating other successful organizations is known as

Accepted Answer

A) population ecology. 
B) institution theory. 
C) citizenship theory. 
D) strategic theory. 
E) sample theory. 
A) population ecology. 
B) institution theory. 
C) citizenship theory. 
D) strategic theory. 
E) sample theory.

Question 10

The goal of NAFTA is complete economic integration.

Accepted Answer

A) True 
 B)False

Question 11

Research of the planning practices of companies in the oil industry concludes that the real value of modern strategic planning is more

Accepted Answer

A) in the planning. 
B) in the strategic thinking and organizational learning. 
C) in the resulting written strategic plan. 
D) in the formality of the process. 
E) in the improved communication within the organization. 
A) in the planning. 
B) in the strategic thinking and organizational learning. 
C) in the resulting written strategic plan. 
D) in the formality of the process. 
E) in the improved communication within the organization.

Question 12

Corporate strategy occurs at the business unit or product level.

Accepted Answer

A) True 
 B)False

Question 13

According to Henry Mintzberg, the three most typical approaches to strategic decision-making are

Accepted Answer

A) entrepreneurial, adaptive, and planning. 
B) entrepreneurial, logical incrementalism, and planning. 
C) logical incrementalism, strategic planning, and systematic scanning. 
D) environmental scanning, formulation, and implementation. 
E) directive, rare, and consequential. 
A) entrepreneurial, adaptive, and planning. 
B) entrepreneurial, logical incrementalism, and planning. 
C) logical incrementalism, strategic planning, and systematic scanning. 
D) environmental scanning, formulation, and implementation. 
E) directive, rare, and consequential.

Question 14

Research done by Henry Mintzberg suggests that strategy formulation

Accepted Answer

A) is typically an irregular and a discontinuous process. 
B) should be followed unswervingly to ensure success of the plan. 
C) that organizations find they must make significant yearly changes. 
D) should review after specific interval of time to make sure it is still applicable. 
E) is merely a checklist of actions following a logical process. 
A) is typically an irregular and a discontinuous process. 
B) should be followed unswervingly to ensure success of the plan. 
C) that organizations find they must make significant yearly changes. 
D) should review after specific interval of time to make sure it is still applicable. 
E) is merely a checklist of actions following a logical process.

Question 15

A program is

Accepted Answer

A) a detailed cost statement in terms of dollars. 
B) A system of sequential steps. 
C) A statement of the activities needed to accomplish a single-use plan. 
D) The process by which strategies and policies are put into action. 
E) none of the above 
A) a detailed cost statement in terms of dollars. 
B) A system of sequential steps. 
C) A statement of the activities needed to accomplish a single-use plan. 
D) The process by which strategies and policies are put into action. 
E) none of the above

Question 16

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 17

One of the benefits of globalization is

Accepted Answer

A) economies of scale. 
B) decreased outsourcing. 
C) increased union negotiations. 
D) increased taxes. 
E) additional human resource training. 
A) economies of scale. 
B) decreased outsourcing. 
C) increased union negotiations. 
D) increased taxes. 
E) additional human resource training.

Question 18

The emphasis of strategic management is on

Accepted Answer

A) monitoring and evaluating external opportunities and threats in light of a corporation's strengths and weaknesses. 
B) first line managers. 
C) the short-run performance of the corporation. 
D) an examination of the organization's internal environment. 
E) an investigation of competitor actions. 
A) monitoring and evaluating external opportunities and threats in light of a corporation's strengths and weaknesses. 
B) first line managers. 
C) the short-run performance of the corporation. 
D) an examination of the organization's internal environment. 
E) an investigation of competitor actions.

Question 19

A strategic decision is rare, consequential, and directive.

Accepted Answer

A) True 
 B)False

Question 20

Which of the following is NOT a characteristic of strategic decisions as mentioned in the text?

Accepted Answer

A) directive 
B) consequential 
C) rare 
D) continuous 
E) require commitment of substantial resources 
A) directive 
B) consequential 
C) rare 
D) continuous 
E) require commitment of substantial resources

Performance results are monitored at the strategy formulation phase of the strategic management process.

Which of the following is an example of a program?

While there are litigation and physical risks to companies as a result of climate change, there is no risk currently identified to the company on its overall reputation.

The phenomenon that describes corporations as evolving through relatively long periods of stability punctuated by relatively short bursts of fundamental change is known as

Strategic flexibility is the ability to shift from one dominant strategy to another.

Henry Mintzberg discovered that strategic formulation is a regular, continuous process.

An example of an objective is "increased profitability," while an example of a goal is "to increase the firm's profitability in 2010 by 15% over 2009."

All of the following reflect activities of a learning organization EXCEPT

The theory that proposes organizations can and do adapt to changing conditions by imitating other successful organizations is known as

The goal of NAFTA is complete economic integration.

Research of the planning practices of companies in the oil industry concludes that the real value of modern strategic planning is more

Corporate strategy occurs at the business unit or product level.

According to Henry Mintzberg, the three most typical approaches to strategic decision-making are

Research done by Henry Mintzberg suggests that strategy formulation

A program is

The variables structure, culture, and resources pertain to the

One of the benefits of globalization is

The emphasis of strategic management is on

A strategic decision is rare, consequential, and directive.

Which of the following is NOT a characteristic of strategic decisions as mentioned in the text?

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

Performance results are monitored at the strategy formulation phase of the strategic management process.

Which of the following is an example of a program?

While there are litigation and physical risks to companies as a result of climate change, there is no risk currently identified to the company on its overall reputation.

The phenomenon that describes corporations as evolving through relatively long periods of stability punctuated by relatively short bursts of fundamental change is known as

Strategic flexibility is the ability to shift from one dominant strategy to another.

Henry Mintzberg discovered that strategic formulation is a regular, continuous process.

An example of an objective is "increased profitability," while an example of a goal is "to increase the firm's profitability in 2010 by 15% over 2009."

All of the following reflect activities of a learning organization EXCEPT

The theory that proposes organizations can and do adapt to changing conditions by imitating other successful organizations is known as

The goal of NAFTA is complete economic integration.

Research of the planning practices of companies in the oil industry concludes that the real value of modern strategic planning is more

Corporate strategy occurs at the business unit or product level.

According to Henry Mintzberg, the three most typical approaches to strategic decision-making are

Research done by Henry Mintzberg suggests that strategy formulation

A program is

The variables structure, culture, and resources pertain to the

One of the benefits of globalization is

The emphasis of strategic management is on

A strategic decision is rare, consequential, and directive.

Which of the following is NOT a characteristic of strategic decisions as mentioned in the text?

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