Question 1

The evaluation of alternative strategies and selection of the best alternative is referred to as

Accepted Answer

A) alternative generation. 
B) strategic implementation. 
C) strategic choice. 
D) strategic selection. 
E) evaluation. 
A) alternative generation. 
B) strategic implementation. 
C) strategic choice. 
D) strategic selection. 
E) evaluation.

Question 2

According to Porter, to achieve a cost advantage by following the functional strategy of technological followership, a business unit should

Accepted Answer

A) pioneer the lowest-cost product design. 
B) innovate in other activities to increase buyer value. 
C) avoid R&D costs through imitation. 
D) create low-cost ways of performing value activities. 
E) be the first firm down the learning curve. 
A) pioneer the lowest-cost product design. 
B) innovate in other activities to increase buyer value. 
C) avoid R&D costs through imitation. 
D) create low-cost ways of performing value activities. 
E) be the first firm down the learning curve.

Question 3

When considering acceptable alternative strategies, the most important criterion is the ability of the proposed strategy to deal with

Accepted Answer

A) the prospects of ensuring profitable return on investment. 
B) the specific strategic factors developed in the S.W.O.T. analysis. 
C) defining the competitive environment in which the firm is competing. 
D) the future long-term prospects of the industry. 
E) governmental regulations and requirements placed on the industry. 
A) the prospects of ensuring profitable return on investment. 
B) the specific strategic factors developed in the S.W.O.T. analysis. 
C) defining the competitive environment in which the firm is competing. 
D) the future long-term prospects of the industry. 
E) governmental regulations and requirements placed on the industry.

Question 4

Once the best strategic alternative is selected, the broad guidelines for its implementation are then defined by

Accepted Answer

A) trade-offs. 
B) policies. 
C) procedures. 
D) resource allocation. 
E) strategic options. 
A) trade-offs. 
B) policies. 
C) procedures. 
D) resource allocation. 
E) strategic options.

Question 5

If the strategy is incompatible with the corporate culture, the likelihood of its success is very low.

Accepted Answer

A) True 
 B)False

The evaluation of alternative strategies and selection of the best alternative is referred to as

According to Porter, to achieve a cost advantage by following the functional strategy of technological followership, a business unit should

When considering acceptable alternative strategies, the most important criterion is the ability of the proposed strategy to deal with

Once the best strategic alternative is selected, the broad guidelines for its implementation are then defined by

If the strategy is incompatible with the corporate culture, the likelihood of its success is very low.

Basic Concepts in Strategic Management

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 Implementation: Organizing for Action

Strategy Implementation: Staffing and Directing

Evaluation and Control

Suggestions for Case Analysis

Filters

Exam 8: Strategy Formulation: Functional Strategy and Strategic Choice

The evaluation of alternative strategies and selection of the best alternative is referred to as

According to Porter, to achieve a cost advantage by following the functional strategy of technological followership, a business unit should

When considering acceptable alternative strategies, the most important criterion is the ability of the proposed strategy to deal with

Once the best strategic alternative is selected, the broad guidelines for its implementation are then defined by

If the strategy is incompatible with the corporate culture, the likelihood of its success is very low.

Basic Concepts in Strategic Management

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 Implementation: Organizing for Action

Strategy Implementation: Staffing and Directing

Evaluation and Control

Suggestions for Case Analysis

Filters