Question 1

The existence of a performance gap

Accepted Answer

A) should cause management to question their objectives, strategies, and policies. 
B) is not an indicator of problems if it only happens once. 
C) is only the concern of top management because they set the original strategies. 
D) should cause management to look only within the organization to determine the problem. 
E) should signal the immediate need for a layoff. 
A) should cause management to question their objectives, strategies, and policies. 
B) is not an indicator of problems if it only happens once. 
C) is only the concern of top management because they set the original strategies. 
D) should cause management to look only within the organization to determine the problem. 
E) should signal the immediate need for a layoff.

Question 2

A set of sequential steps or techniques that describe in detail how a particular task or job is to be done is referred to as

Accepted Answer

A) a standard operating procedure. 
B) a systems operating procedure. 
C) a standard operating program. 
D) a standard outside procedure. 
E) a systems operating plan. 
A) a standard operating procedure. 
B) a systems operating procedure. 
C) a standard operating program. 
D) a standard outside procedure. 
E) a systems operating plan.

Question 3

The development of long-range plans for the effective management of environmental opportunities and threats in light of corporate strengths and weaknesses is known as

Accepted Answer

A) strategy formulation. 
B) strategy implementation. 
C) strategy control. 
D) strategy development. 
E) strategy evaluation. 
A) strategy formulation. 
B) strategy implementation. 
C) strategy control. 
D) strategy development. 
E) strategy evaluation.

Question 4

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

Accepted Answer

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

Question 5

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 6

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 7

Climate change has become a growing concern for businesses to include in their corporate strategies.

Accepted Answer

A) True 
 B)False

Question 8

As a part of the strategic management process, evaluation and control is concerned with all of the following, EXCEPT

Accepted Answer

A) generating feedback to decision makers. 
B) monitoring corporate activities and performance. 
C) stimulating a review of the corporation's strategic management. 
D) pinpointing problem areas. 
E) determining top management compensation. 
A) generating feedback to decision makers. 
B) monitoring corporate activities and performance. 
C) stimulating a review of the corporation's strategic management. 
D) pinpointing problem areas. 
E) determining top management compensation.

Question 9

The Strategic Management Model presents the following process of strategy formulation:

Accepted Answer

A) Objectives -- Policies -- Strategies -- Mission. 
B) Mission -- Policies -- Strategies -- Objectives. 
C) Policies -- Mission -- Strategies -- Objectives. 
D) Policies -- Strategies -- Objectives -- Mission. 
E) Mission -- Objectives -- Strategies -- Policies. 
A) Objectives -- Policies -- Strategies -- Mission. 
B) Mission -- Policies -- Strategies -- Objectives. 
C) Policies -- Mission -- Strategies -- Objectives. 
D) Policies -- Strategies -- Objectives -- Mission. 
E) Mission -- Objectives -- Strategies -- Policies.

Question 10

The type of strategy which describes a company's overall direction in terms of its general attitude toward growth and the management of its various businesses and product lines is

Accepted Answer

A) functional. 
B) operational. 
C) business. 
D) product. 
E) corporate. 
A) functional. 
B) operational. 
C) business. 
D) product. 
E) corporate.

Question 11

All of the following reflect categories of organizational risk as a result of climate change EXCEPT

Accepted Answer

A) regulatory risk. 
B) supply chain risk. 
C) sustainability risk. 
D) reputational risk. 
E) litigation risk. 
A) regulatory risk. 
B) supply chain risk. 
C) sustainability risk. 
D) reputational risk. 
E) litigation risk.

Question 12

Which one of the following is an example of a narrow scope in a mission?

Accepted Answer

A) transportation (vs. railroads) 
B) computers (vs. office equipment) 
C) health care (vs. hospitals) 
D) real estate (vs. apartments) 
E) telecommunications (vs. television) 
A) transportation (vs. railroads) 
B) computers (vs. office equipment) 
C) health care (vs. hospitals) 
D) real estate (vs. apartments) 
E) telecommunications (vs. television)

Question 13

Population ecology is a theory that proposes organizations can and do adapt to change by imitating other successful organizations.

Accepted Answer

A) True 
 B)False

Question 14

What is a triggering event? List some possible examples.

Accepted Answer

A triggering event is something that act

Question 15

Research suggests that strategic management evolves through four sequential phases in corporations.The first phase is

Accepted Answer

A) externally-oriented planning. 
B) basic financial planning. 
C) internally-oriented planning. 
D) forecast-based planning. 
E) strategic management. 
A) externally-oriented planning. 
B) basic financial planning. 
C) internally-oriented planning. 
D) forecast-based planning. 
E) strategic management.

Question 16

Logical incrementalism is a useful decision-making mode when the environment is rapidly changing and when it is important to build consensus.

Accepted Answer

A) True 
 B)False

Question 17

Knowing a company is mindful of its impact on the environment seldom changes consumer buying habits.

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

The ability of an organization to reshape its environment is described by

Accepted Answer

A) population ecology theory. 
B) theory institution. 
C) the strategic choice perspective. 
D) organizational learning theory. 
E) organizational citizenship theory. 
A) population ecology theory. 
B) theory institution. 
C) the strategic choice perspective. 
D) organizational learning theory. 
E) organizational citizenship theory.

Question 20

The mode of strategy formulation used when top management has a reasonably clear idea of the corporation's mission and objectives, but it chooses to develop a series of tentative or partial strategies instead of developing full-blown strategies is called

Accepted Answer

A) planning mode. 
B) logical incrementalism. 
C) entrepreneurial mode. 
D) adaptive mode. 
E) strategic mode. 
A) planning mode. 
B) logical incrementalism. 
C) entrepreneurial mode. 
D) adaptive mode. 
E) strategic mode.

The existence of a performance gap

A set of sequential steps or techniques that describe in detail how a particular task or job is to be done is referred to as

The development of long-range plans for the effective management of environmental opportunities and threats in light of corporate strengths and weaknesses is known as

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

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

Which of the following statements is not true of a strategic inflection point?

Climate change has become a growing concern for businesses to include in their corporate strategies.

As a part of the strategic management process, evaluation and control is concerned with all of the following, EXCEPT

The Strategic Management Model presents the following process of strategy formulation:

The type of strategy which describes a company's overall direction in terms of its general attitude toward growth and the management of its various businesses and product lines is

All of the following reflect categories of organizational risk as a result of climate change EXCEPT

Which one of the following is an example of a narrow scope in a mission?

Population ecology is a theory that proposes organizations can and do adapt to change by imitating other successful organizations.

What is a triggering event? List some possible examples.

Research suggests that strategic management evolves through four sequential phases in corporations.The first phase is

Logical incrementalism is a useful decision-making mode when the environment is rapidly changing and when it is important to build consensus.

Knowing a company is mindful of its impact on the environment seldom changes consumer buying habits.

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

The ability of an organization to reshape its environment is described by

The mode of strategy formulation used when top management has a reasonably clear idea of the corporation's mission and objectives, but it chooses to develop a series of tentative or partial strategies instead of developing full-blown strategies is called

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

The existence of a performance gap

A set of sequential steps or techniques that describe in detail how a particular task or job is to be done is referred to as

The development of long-range plans for the effective management of environmental opportunities and threats in light of corporate strengths and weaknesses is known as

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

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

Which of the following statements is not true of a strategic inflection point?

Climate change has become a growing concern for businesses to include in their corporate strategies.

As a part of the strategic management process, evaluation and control is concerned with all of the following, EXCEPT

The Strategic Management Model presents the following process of strategy formulation:

The type of strategy which describes a company's overall direction in terms of its general attitude toward growth and the management of its various businesses and product lines is

All of the following reflect categories of organizational risk as a result of climate change EXCEPT

Which one of the following is an example of a narrow scope in a mission?

Population ecology is a theory that proposes organizations can and do adapt to change by imitating other successful organizations.

What is a triggering event? List some possible examples.

Research suggests that strategic management evolves through four sequential phases in corporations.The first phase is

Logical incrementalism is a useful decision-making mode when the environment is rapidly changing and when it is important to build consensus.

Knowing a company is mindful of its impact on the environment seldom changes consumer buying habits.

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

The ability of an organization to reshape its environment is described by

The mode of strategy formulation used when top management has a reasonably clear idea of the corporation's mission and objectives, but it chooses to develop a series of tentative or partial strategies instead of developing full-blown strategies is called

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