Question 1

List and describe Rumelt's four criteria for evaluating strategies.

Accepted Answer

Rumelt's four criteria for evaluating st

Question 2

Measuring organizational performance requires making changes to reposition a firm competitively for the future.

Accepted Answer

A) True 
 B)False

Question 3

The strategy-evaluation process should foster

Accepted Answer

A)  mutual understanding. 
B)  doubt. 
C)  corporate culture. 
D)  complexity. 
E)  division. 
A)  mutual understanding. 
B)  doubt. 
C)  corporate culture. 
D)  complexity. 
E)  division.

Question 4

In evaluating strategies, what three critical comparisons are made using financial ratios?

Accepted Answer

1) Comparing the firm's perfor

Question 5

Contingency plans are alternative plans that can be put into effect if certain key events do not occur as expected.

Accepted Answer

A) True 
 B)False

Question 6

Rumelt's criteria of consonance refers to the need for strategists to examine

Accepted Answer

A)  inconsistent goals. 
B)  trends. 
C)  impractical objectives. 
D)  competitive advantages. 
E)  the costs associated with particular strategies. 
A)  inconsistent goals. 
B)  trends. 
C)  impractical objectives. 
D)  competitive advantages. 
E)  the costs associated with particular strategies.

Question 7

Modern organizational realities demand that employees demonstrate greater

Accepted Answer

A)  flexibility. 
B)  innovation. 
C)  creativity. 
D)  initiative. 
E)  all of the above 
A)  flexibility. 
B)  innovation. 
C)  creativity. 
D)  initiative. 
E)  all of the above

Question 8

Most organizations can afford to pursue ________ corporate-level strategies at any given time.

Accepted Answer

A)  only a few 
B)  8-12 
C)  about 15 
D)  at least 20 
E)  virtually an unlimited number of 
A)  only a few 
B)  8-12 
C)  about 15 
D)  at least 20 
E)  virtually an unlimited number of

Question 9

A frequently used tool in strategy evaluation is the audit.

Accepted Answer

A) True 
 B)False

Question 10

Taking corrective actions, requires making changes to competitively reposition a firm for the future.

Accepted Answer

A) True 
 B)False

Question 11

________ are quantitative criteria commonly used to evaluate strategies.

Accepted Answer

A)  Cash budgets 
B)  Balanced Scorecards 
C)  Capital Asset Pricing Models 
D)  Financial ratios 
E)  Present value strategic analyses 
A)  Cash budgets 
B)  Balanced Scorecards 
C)  Capital Asset Pricing Models 
D)  Financial ratios 
E)  Present value strategic analyses

Question 12

Research suggests that which of the following is one of the best ways to overcome individuals' resistance to change in strategy evaluation?

Accepted Answer

A)  Participation 
B)  Command-and-control 
C)  Laissez-faire system 
D)  Rational argument 
E)  Emotional reactions 
A)  Participation 
B)  Command-and-control 
C)  Laissez-faire system 
D)  Rational argument 
E)  Emotional reactions

Question 13

Which of the following is NOT a key attribute that serves as one of the evaluative criteria for Fortune's "America's Most Admired Companies"?

Accepted Answer

A)  People management 
B)  Innovativeness 
C)  Financial soundness 
D)  Amount of physical resources 
E)  Social responsibility 
A)  People management 
B)  Innovativeness 
C)  Financial soundness 
D)  Amount of physical resources 
E)  Social responsibility

Question 14

Regardless of the size of the organization, a certain amount of "management by wandering around" at all levels is essential to effective strategy evaluation.

Accepted Answer

A) True 
 B)False

Question 15

A revised ________ should focus on changes in the organization's management, marketing, finance and accounting, production and operations, research and development (R&D), and management information systems (MIS) strengths and weaknesses.

Accepted Answer

A)  mission 
B)  IFE Matrix 
C)  vision 
D)  EFE Matrix 
E)  EPM Matrix 
A)  mission 
B)  IFE Matrix 
C)  vision 
D)  EFE Matrix 
E)  EPM Matrix

Question 16

Controls need to be ________ rather than ________.

Accepted Answer

A)  action-oriented; information-oriented 
B)  cultural; political 
C)  qualitative; quantitative 
D)  measurable; timely 
E)  universal; diverse 
A)  action-oriented; information-oriented 
B)  cultural; political 
C)  qualitative; quantitative 
D)  measurable; timely 
E)  universal; diverse

Question 17

If you discover during the course of strategy evaluation that major changes have occurred in the firm's internal strategic position, you should

Accepted Answer

A)  continue on the present strategic course. 
B)  wait until the next quarter to see if things revert. 
C)  take corrective actions. 
D)  follow the original strategic plan. 
E)  none of the above 
A)  continue on the present strategic course. 
B)  wait until the next quarter to see if things revert. 
C)  take corrective actions. 
D)  follow the original strategic plan. 
E)  none of the above

Question 18

The accounting switch from GAAP to IFRS in the United States is going to result in substantial costs to businesses for fees, upgraded software systems, and training.

Accepted Answer

A) True 
 B)False

Question 19

List and describe each of the three strategy-evaluation activities.

Accepted Answer

The activities that comprise strategy ev

Question 20

Strengths, weaknesses, opportunities, cost and threats that represent the bases of current strategies should continually be monitored for change because it is not really a question of whether these factors will change, but rather when they will change and in what ways.

Accepted Answer

A) True 
 B)False

List and describe Rumelt's four criteria for evaluating strategies.

Measuring organizational performance requires making changes to reposition a firm competitively for the future.

The strategy-evaluation process should foster

In evaluating strategies, what three critical comparisons are made using financial ratios?

Contingency plans are alternative plans that can be put into effect if certain key events do not occur as expected.

Rumelt's criteria of consonance refers to the need for strategists to examine

Modern organizational realities demand that employees demonstrate greater

Most organizations can afford to pursue ________ corporate-level strategies at any given time.

A frequently used tool in strategy evaluation is the audit.

Taking corrective actions, requires making changes to competitively reposition a firm for the future.

________ are quantitative criteria commonly used to evaluate strategies.

Research suggests that which of the following is one of the best ways to overcome individuals' resistance to change in strategy evaluation?

Which of the following is NOT a key attribute that serves as one of the evaluative criteria for Fortune's "America's Most Admired Companies"?

Regardless of the size of the organization, a certain amount of "management by wandering around" at all levels is essential to effective strategy evaluation.

A revised ________ should focus on changes in the organization's management, marketing, finance and accounting, production and operations, research and development (R&D), and management information systems (MIS) strengths and weaknesses.

Controls need to be rather than .

If you discover during the course of strategy evaluation that major changes have occurred in the firm's internal strategic position, you should

The accounting switch from GAAP to IFRS in the United States is going to result in substantial costs to businesses for fees, upgraded software systems, and training.

List and describe each of the three strategy-evaluation activities.

Strengths, weaknesses, opportunities, cost and threats that represent the bases of current strategies should continually be monitored for change because it is not really a question of whether these factors will change, but rather when they will change and in what ways.

The Nature of Strategic Management

The Business Vision and Mission

The External Assessment

The Internal Assessment

Strategies in Action

Strategy Analysis and Choice

Implementing Strategies: Management, Operations, and Human Resource Issues

Implementing Strategies: Marketing, Financeaccounting, Rd, and Mis Issues

Business Ethics, Social Responsibility, and Environmental Sustainability

Global and International Issues

Filters

Exam 9: Strategy Review, Evaluation, and Control

List and describe Rumelt's four criteria for evaluating strategies.

Measuring organizational performance requires making changes to reposition a firm competitively for the future.

The strategy-evaluation process should foster

In evaluating strategies, what three critical comparisons are made using financial ratios?

Contingency plans are alternative plans that can be put into effect if certain key events do not occur as expected.

Rumelt's criteria of consonance refers to the need for strategists to examine

Modern organizational realities demand that employees demonstrate greater

Most organizations can afford to pursue ________ corporate-level strategies at any given time.

A frequently used tool in strategy evaluation is the audit.

Taking corrective actions, requires making changes to competitively reposition a firm for the future.

________ are quantitative criteria commonly used to evaluate strategies.

Research suggests that which of the following is one of the best ways to overcome individuals' resistance to change in strategy evaluation?

Which of the following is NOT a key attribute that serves as one of the evaluative criteria for Fortune's "America's Most Admired Companies"?

Regardless of the size of the organization, a certain amount of "management by wandering around" at all levels is essential to effective strategy evaluation.

A revised ________ should focus on changes in the organization's management, marketing, finance and accounting, production and operations, research and development (R&D), and management information systems (MIS) strengths and weaknesses.

Controls need to be ________ rather than ________.

If you discover during the course of strategy evaluation that major changes have occurred in the firm's internal strategic position, you should

The accounting switch from GAAP to IFRS in the United States is going to result in substantial costs to businesses for fees, upgraded software systems, and training.

List and describe each of the three strategy-evaluation activities.

Strengths, weaknesses, opportunities, cost and threats that represent the bases of current strategies should continually be monitored for change because it is not really a question of whether these factors will change, but rather when they will change and in what ways.

The Nature of Strategic Management

The Business Vision and Mission

The External Assessment

The Internal Assessment

Strategies in Action

Strategy Analysis and Choice

Implementing Strategies: Management, Operations, and Human Resource Issues

Implementing Strategies: Marketing, Financeaccounting, Rd, and Mis Issues

Business Ethics, Social Responsibility, and Environmental Sustainability

Global and International Issues

Filters

Controls need to be rather than .