Question 1

Which of the following is NOT one the four triggering events listed in the text that are the stimulus for a strategic change?

Accepted Answer

A) intervention by the organization's bank 
B) annual strategic planning conference 
C) threat of a takeover 
D) new CEO 
E) awareness by management of decreased profitability 
A) intervention by the organization's bank 
B) annual strategic planning conference 
C) threat of a takeover 
D) new CEO 
E) awareness by management of decreased profitability

Question 2

The S in S.W.O.T.stands for

Accepted Answer

A) strategies. 
B) scanning. 
C) strengths. 
D) societal. 
E) sociocultural 
A) strategies. 
B) scanning. 
C) strengths. 
D) societal. 
E) sociocultural

Question 3

What are the benefits of strategic management?

Accepted Answer

The three most highly rated benefits of

Question 4

The integrated internationalization of markets and corporations is called

Accepted Answer

A) normalization. 
B) economic integration. 
C) globalization. 
D) nationalization. 
E) regionalization. 
A) normalization. 
B) economic integration. 
C) globalization. 
D) nationalization. 
E) regionalization.

Question 5

To be effective, strategic management must be a formal process.

Accepted Answer

A) True 
 B)False

Question 6

Which of the following is an example of a mission statement?

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 7

Canada, the United States, and Mexico are affiliated economically under which trade alliance?

Accepted Answer

A) ASEAN 
B) Mercosur 
C) EU 
D) NAFTA 
E) CAFTA 
A) ASEAN 
B) Mercosur 
C) EU 
D) NAFTA 
E) CAFTA

Question 8

In a survey of 50 corporations, which of the following was rated as a benefits of strategic management?

Accepted Answer

A) clearer sense of vision for the firm 
B) higher levels of employee motivation 
C) higher levels of job satisfaction 
D) improved productivity 
E) lower employee turnover 
A) clearer sense of vision for the firm 
B) higher levels of employee motivation 
C) higher levels of job satisfaction 
D) improved productivity 
E) lower employee turnover

Question 9

Globalization is the internationalization of markets and corporations.

Accepted Answer

A) True 
 B)False

Which of the following is NOT one the four triggering events listed in the text that are the stimulus for a strategic change?

The S in S.W.O.T.stands for

What are the benefits of strategic management?

The integrated internationalization of markets and corporations is called

To be effective, strategic management must be a formal process.

Which of the following is an example of a mission statement?

Canada, the United States, and Mexico are affiliated economically under which trade alliance?

In a survey of 50 corporations, which of the following was rated as a benefits of strategic management?

Globalization is the internationalization of markets and corporations.

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

Which of the following is NOT one the four triggering events listed in the text that are the stimulus for a strategic change?

The S in S.W.O.T.stands for

What are the benefits of strategic management?

The integrated internationalization of markets and corporations is called

To be effective, strategic management must be a formal process.

Which of the following is an example of a mission statement?

Canada, the United States, and Mexico are affiliated economically under which trade alliance?

In a survey of 50 corporations, which of the following was rated as a benefits of strategic management?

Globalization is the internationalization of markets and corporations.

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