Question 1

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. A

Question 2

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

Accepted Answer

A) True 
 B)False  True

Question 3

What is a triggering event? List some possible examples.

Accepted Answer

A triggering event is something that acts as a stimulus for a change in strategy.Some possible triggering events are a new CEO,an external intervention,a threat of a change in ownership,a performance gap,and a strategic inflection point.

Question 4

A broad mission statement may limit the scope of a firm's activities in terms of the product or service offered.

Accepted Answer

A) True 
 B)False

Question 5

A program or tactic is

Accepted Answer

A)  a detailed cost statement in terms of dollars. 
B)  a system of sequential steps. 
C)  a statement of the activities needed to support a strategy. 
D)  the process by which strategies and policies are put into action. 
E)  none of the above 
A)  a detailed cost statement in terms of dollars. 
B)  a system of sequential steps. 
C)  a statement of the activities needed to support a strategy. 
D)  the process by which strategies and policies are put into action. 
E)  none of the above

Question 6

The task environment

Accepted Answer

A)  includes those elements or groups within an organization's industry. 
B)  encompasses the physical working areas of the organization. 
C)  is an accounting of the many jobs within an organization. 
D)  is an advisory committee to top-management. 
E)  includes general forces that only indirectly affect an organization's activities. 
A)  includes those elements or groups within an organization's industry. 
B)  encompasses the physical working areas of the organization. 
C)  is an accounting of the many jobs within an organization. 
D)  is an advisory committee to top-management. 
E)  includes general forces that only indirectly affect an organization's activities.

Question 7

A functional strategy may include competitive or cooperative strategies.

Accepted Answer

A) True 
 B)False

Question 8

As defined in this course,a policy is

Accepted Answer

A)  the purpose or reason for a corporation's existence. 
B)  a statement of activities or steps needed to accomplish a single-use plan. 
C)  a broad guideline for making decisions that links the formulation of strategy with its implementation. 
D)  a comprehensive master plan stating how a corporation will achieve its mission and objectives. 
E)  a statement of a corporation's programs in dollar terms. 
A)  the purpose or reason for a corporation's existence. 
B)  a statement of activities or steps needed to accomplish a single-use plan. 
C)  a broad guideline for making decisions that links the formulation of strategy with its implementation. 
D)  a comprehensive master plan stating how a corporation will achieve its mission and objectives. 
E)  a statement of a corporation's programs in dollar terms.

Question 9

Which of the following is not a characteristic of strategic decisions as mentioned in the text?

Accepted Answer

A)  directive 
B)  consequential 
C)  rare 
D)  continuous 
E)  require commitment of substantial resources 
A)  directive 
B)  consequential 
C)  rare 
D)  continuous 
E)  require commitment of substantial resources

Question 10

A Gallup study reported that companies that focused on business sustainability had 3.9 times the EPS growth rates as compared to organizations that did not focus on business sustainability.

Accepted Answer

A) True 
 B)False

Question 11

Business sustainability reflects business practices to manage the firm's triple bottom line.

Accepted Answer

A) True 
 B)False

Question 12

Mintzberg's entrepreneurial mode is sometimes referred to as "muddling through" since this decision-making mode tends to be more reactive than proactive in the search for new opportunities.

Accepted Answer

A) True 
 B)False

Question 13

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 14

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

Accepted Answer

A) True 
 B)False

Question 15

The theory that proposes organizations can and do adapt to changing conditions by imitating other successful organizations is known as

Accepted Answer

A)  population ecology. 
B)  institution theory. 
C)  citizenship theory. 
D)  strategic theory. 
E)  sample theory. 
A)  population ecology. 
B)  institution theory. 
C)  citizenship theory. 
D)  strategic theory. 
E)  sample theory.

Question 16

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 17

Globalization is the integrated internationalization of markets and corporations.

Accepted Answer

A) True 
 B)False

Question 18

A budget is a statement of a corporation's programs in terms of dollars.

Accepted Answer

A) True 
 B)False

Question 19

FedEx stipulates specific employee behaviors 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 20

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

Accepted Answer

A) True 
 B)False

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

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

What is a triggering event? List some possible examples.

A broad mission statement may limit the scope of a firm's activities in terms of the product or service offered.

A program or tactic is

The task environment

A functional strategy may include competitive or cooperative strategies.

As defined in this course,a policy is

Which of the following is not a characteristic of strategic decisions as mentioned in the text?

A Gallup study reported that companies that focused on business sustainability had 3.9 times the EPS growth rates as compared to organizations that did not focus on business sustainability.

Business sustainability reflects business practices to manage the firm's triple bottom line.

Mintzberg's entrepreneurial mode is sometimes referred to as "muddling through" since this decision-making mode tends to be more reactive than proactive in the search for new opportunities.

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

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

The theory that proposes organizations can and do adapt to changing conditions by imitating other successful organizations is known as

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

Globalization is the integrated internationalization of markets and corporations.

A budget is a statement of a corporation's programs in terms of dollars.

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

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

Corporate Governance

Social Responsibility and Ethics in Strategic Management

Environmental Scanning and Industry Analysis

Organizational Analysis and Competitive Advantage

Strategy Formulation: Business Strategy

Strategy Formulation: Corporate Strategy

Strategy Formulation: Functional Strategy and Strategic Choice

Strategy Implementation: Global Strategy

Strategy Implementation: Organizing and Structure

Strategy Implementation: Staffing and Directing

Evaluation and Control

Suggestions for Case Analysis

Filters

Exam 1: Basic Concepts in Strategic Management

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

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

What is a triggering event? List some possible examples.

A broad mission statement may limit the scope of a firm's activities in terms of the product or service offered.

A program or tactic is

The task environment

A functional strategy may include competitive or cooperative strategies.

As defined in this course,a policy is

Which of the following is not a characteristic of strategic decisions as mentioned in the text?

A Gallup study reported that companies that focused on business sustainability had 3.9 times the EPS growth rates as compared to organizations that did not focus on business sustainability.

Business sustainability reflects business practices to manage the firm's triple bottom line.

Mintzberg's entrepreneurial mode is sometimes referred to as "muddling through" since this decision-making mode tends to be more reactive than proactive in the search for new opportunities.

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

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

The theory that proposes organizations can and do adapt to changing conditions by imitating other successful organizations is known as

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

Globalization is the integrated internationalization of markets and corporations.

A budget is a statement of a corporation's programs in terms of dollars.

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

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

Corporate Governance

Social Responsibility and Ethics in Strategic Management

Environmental Scanning and Industry Analysis

Organizational Analysis and Competitive Advantage

Strategy Formulation: Business Strategy

Strategy Formulation: Corporate Strategy

Strategy Formulation: Functional Strategy and Strategic Choice

Strategy Implementation: Global Strategy

Strategy Implementation: Organizing and Structure

Strategy Implementation: Staffing and Directing

Evaluation and Control

Suggestions for Case Analysis

Filters