Question 1

What are the four main activities of a learning organization?

Accepted Answer

The four main activities of a learning o

Question 2

Which of the following is an example of a corporate strategy?

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 3

Briefly describe the four basic elements of strategic management.

Accepted Answer

Strategic management consists of four ba

Question 4

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 5

The process by which strategies and policies are put into action through the development of programs, budgets, and procedures is

Accepted Answer

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

Question 6

Strategic management is that set of managerial decisions and actions that determine the long-run performance of a corporation.Which one of the following is NOT one of the basic elements of the strategic management process?

Accepted Answer

A) strategy formulation 
B) strategy implementation 
C) statistical process control 
D) evaluation and control 
E) environmental scanning 
A) strategy formulation 
B) strategy implementation 
C) statistical process control 
D) evaluation and control 
E) environmental scanning

Question 7

FedEx stipulates specific employee behavior 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 8

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

Accepted Answer

A) True 
 B)False

Question 9

The mode of strategic decision-making typical of most universities, many large hospitals, a large number of governmental agencies, and a surprising number of large corporations is

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

Question 10

Define globalization and identify the role of strategic management in globalization.

Accepted Answer

Globalization is the internationalizatio

Question 11

Strategic management is one decision that determines the short-term performance of a corporation.

Accepted Answer

A) True 
 B)False

Question 12

The strategic audit is an all-inclusive list of critical questions needed for a detailed strategic analysis of any business.

Accepted Answer

A) True 
 B)False

Question 13

The corporate mission is best described by which one of the following?

Accepted Answer

A) A description of the activities carried out by the organization. 
B) The purpose or reason for the corporation's existence. 
C) A description of top management's responsibilities. 
D) A statement of corporate objectives. 
E) A statement of what the organization would like to become. 
A) A description of the activities carried out by the organization. 
B) The purpose or reason for the corporation's existence. 
C) A description of top management's responsibilities. 
D) A statement of corporate objectives. 
E) A statement of what the organization would like to become.

Question 14

A large, multidivisional business has three levels in its hierarchy of strategy:

Accepted Answer

A) Corporate -- Business -- Functional. 
B) Environmental -- Corporate -- Functional. 
C) Environmental -- Enterprise -- Corporate. 
D) Business -- Divisional -- Functional. 
E) Industry -- Corporate -- Divisional. 
A) Corporate -- Business -- Functional. 
B) Environmental -- Corporate -- Functional. 
C) Environmental -- Enterprise -- Corporate. 
D) Business -- Divisional -- Functional. 
E) Industry -- Corporate -- Divisional.

Question 15

A checklist of questions, by area or issue that enables a systematic analysis to be made of various corporate functions and activities is referred to as a/an

Accepted Answer

A) scenario. 
B) portfolio. 
C) strategic audit. 
D) social responsibility audit. 
E) SOP. 
A) scenario. 
B) portfolio. 
C) strategic audit. 
D) social responsibility audit. 
E) SOP.

Question 16

Punctuated equilibrium describes organizations as evolving through relatively long periods of stability punctuated by relatively short bursts of fundamental change.

Accepted Answer

A) True 
 B)False

Question 17

The monitoring, evaluating, and disseminating of information from the external and internal environments to key people within the corporation is referred to as

Accepted Answer

A) environmental scanning. 
B) external scanning. 
C) internal scanning. 
D) strategy formulation. 
E) strategy implementation. 
A) environmental scanning. 
B) external scanning. 
C) internal scanning. 
D) strategy formulation. 
E) strategy implementation.

Question 18

IBM under CEO Louis Gerstner and his strategic decision to invest in services in 1993, 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

Question 19

Which theory proposes that once an organization is successfully established in a particular environmental niche, it is unable to adapt to changing conditions?

Accepted Answer

A) population ecology 
B) institution 
C) citizenship 
D) strategic choice 
E) organizational learning 
A) population ecology 
B) institution 
C) citizenship 
D) strategic choice 
E) organizational learning

Question 20

The type of strategy which emphasizes the improvement of the competitive position of a corporation's products or services in a particular industry or market segment served by a business unit is

Accepted Answer

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

What are the four main activities of a learning organization?

Which of the following is an example of a corporate strategy?

Briefly describe the four basic elements of strategic management.

Which of the following is an example of an objective?

The process by which strategies and policies are put into action through the development of programs, budgets, and procedures is

Strategic management is that set of managerial decisions and actions that determine the long-run performance of a corporation.Which one of the following is NOT one of the basic elements of the strategic management process?

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

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

The mode of strategic decision-making typical of most universities, many large hospitals, a large number of governmental agencies, and a surprising number of large corporations is

Define globalization and identify the role of strategic management in globalization.

Strategic management is one decision that determines the short-term performance of a corporation.

The strategic audit is an all-inclusive list of critical questions needed for a detailed strategic analysis of any business.

The corporate mission is best described by which one of the following?

A large, multidivisional business has three levels in its hierarchy of strategy:

A checklist of questions, by area or issue that enables a systematic analysis to be made of various corporate functions and activities is referred to as a/an

Punctuated equilibrium describes organizations as evolving through relatively long periods of stability punctuated by relatively short bursts of fundamental change.

The monitoring, evaluating, and disseminating of information from the external and internal environments to key people within the corporation is referred to as

IBM under CEO Louis Gerstner and his strategic decision to invest in services in 1993, is an example of which mode of strategic decision-making?

Which theory proposes that once an organization is successfully established in a particular environmental niche, it is unable to adapt to changing conditions?

The type of strategy which emphasizes the improvement of the competitive position of a corporation's products or services in a particular industry or market segment served by a business unit is

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

What are the four main activities of a learning organization?

Which of the following is an example of a corporate strategy?

Briefly describe the four basic elements of strategic management.

Which of the following is an example of an objective?

The process by which strategies and policies are put into action through the development of programs, budgets, and procedures is

Strategic management is that set of managerial decisions and actions that determine the long-run performance of a corporation.Which one of the following is NOT one of the basic elements of the strategic management process?

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

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

The mode of strategic decision-making typical of most universities, many large hospitals, a large number of governmental agencies, and a surprising number of large corporations is

Define globalization and identify the role of strategic management in globalization.

Strategic management is one decision that determines the short-term performance of a corporation.

The strategic audit is an all-inclusive list of critical questions needed for a detailed strategic analysis of any business.

The corporate mission is best described by which one of the following?

A large, multidivisional business has three levels in its hierarchy of strategy:

A checklist of questions, by area or issue that enables a systematic analysis to be made of various corporate functions and activities is referred to as a/an

Punctuated equilibrium describes organizations as evolving through relatively long periods of stability punctuated by relatively short bursts of fundamental change.

The monitoring, evaluating, and disseminating of information from the external and internal environments to key people within the corporation is referred to as

IBM under CEO Louis Gerstner and his strategic decision to invest in services in 1993, is an example of which mode of strategic decision-making?

Which theory proposes that once an organization is successfully established in a particular environmental niche, it is unable to adapt to changing conditions?

The type of strategy which emphasizes the improvement of the competitive position of a corporation's products or services in a particular industry or market segment served by a business unit is

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