Question 1

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 2

Which of the following statements is not true of a strategic inflection point?

Accepted Answer

A)  The term was coined by Andy Grove, past CEO of Intel Corporation. 
B)  This represents what happens to a business when a major change takes place due to the introduction of new technology. 
C)  This represents what happens to a business when a major change takes place due to a change in customers' values or a change in what customers prefer. 
D)  This represents what happens to a business when a major change takes place due to a different regulatory environment. 
E)  A new CEO is an example of a strategic inflection point. 
A)  The term was coined by Andy Grove, past CEO of Intel Corporation. 
B)  This represents what happens to a business when a major change takes place due to the introduction of new technology. 
C)  This represents what happens to a business when a major change takes place due to a change in customers' values or a change in what customers prefer. 
D)  This represents what happens to a business when a major change takes place due to a different regulatory environment. 
E)  A new CEO is an example of a strategic inflection point.

Question 3

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 4

Briefly describe the four basic elements of strategic management.

Accepted Answer

Strategic management consists of four ba

Question 5

Corporate strategy occurs at the business unit or product level.

Accepted Answer

A) True 
 B)False

Question 6

Hierarchy of strategy is a nesting of one strategy within another so that they complement and support one another.

Accepted Answer

A) True 
 B)False

Question 7

One member of the European Union (EU) is Chile.

Accepted Answer

A) True 
 B)False

Question 8

Which of the following is not a part of strategy implementation?

Accepted Answer

A)  performance evaluation 
B)  budgets 
C)  programs and tactics 
D)  procedures 
E)  operational planning 
A)  performance evaluation 
B)  budgets 
C)  programs and tactics 
D)  procedures 
E)  operational planning

Question 9

The internal environment includes the variables within the organization itself that are within the short-run control of top management.

Accepted Answer

A) True 
 B)False

Question 10

The existence of a performance gap

Accepted Answer

A)  should cause management to question their objectives, strategies, and policies. 
B)  is not an indicator of problems if it only happens once. 
C)  is only the concern of top management because they set the original strategies. 
D)  should cause management to look only within the organization to determine the problem. 
E)  should signal the immediate need for a layoff. 
A)  should cause management to question their objectives, strategies, and policies. 
B)  is not an indicator of problems if it only happens once. 
C)  is only the concern of top management because they set the original strategies. 
D)  should cause management to look only within the organization to determine the problem. 
E)  should signal the immediate need for a layoff.

Question 11

A hierarchy of strategy emphasizes the need for the three levels of strategy to complement and support one another.

Accepted Answer

A) True 
 B)False

Question 12

A goal differs from an objective because it

Accepted Answer

A)  is open-ended. 
B)  is quantified. 
C)  specifies measurable results. 
D)  is clearly specified. 
E)  provides a time horizon. 
A)  is open-ended. 
B)  is quantified. 
C)  specifies measurable results. 
D)  is clearly specified. 
E)  provides a time horizon.

Question 13

Which of the following is an example of a program?

Accepted Answer

A)  diversify product line to appeal to more people 
B)  increase sales by ten percent over last year 
C)  must be "number one" wherever we compete 
D)  develop and sell quality appliances worldwide 
E)  reduce final assembly time to three days by having suppliers build plan sections 
A)  diversify product line to appeal to more people 
B)  increase sales by ten percent over last year 
C)  must be "number one" wherever we compete 
D)  develop and sell quality appliances worldwide 
E)  reduce final assembly time to three days by having suppliers build plan sections

Question 14

While the strategic audit is not an all-inclusive list,it presents many of the critical questions needed for a detailed strategic analysis of any business.

Accepted Answer

A) True 
 B)False

Question 15

An organization skilled at creating,acquiring,and transferring knowledge,and at modifying its behavior to reflect new knowledge and insights is a(n)

Accepted Answer

A)  learning organization. 
B)  strategically managed corporation. 
C)  innovative organization. 
D)  hypercompetitive competitor. 
E)  entrepreneurial firm. 
A)  learning organization. 
B)  strategically managed corporation. 
C)  innovative organization. 
D)  hypercompetitive competitor. 
E)  entrepreneurial firm.

Question 16

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.

Question 17

According to Alfred Chandler,

Accepted Answer

A)  high-tech industries cannot be defined by "paths of learning" if they want to evolve. 
B)  companies spring from an individual entrepreneur's knowledge, which is composed exclusively of technical skills. 
C)  once a corporation has built its learning base to the point where it has become a core company in its industry, entrepreneurial start-ups are rarely able to successfully enter. 
D)  learned capabilities derive from organizational strengths. 
E)  organizational knowledge can seldom be a competitive advantage. 
A)  high-tech industries cannot be defined by "paths of learning" if they want to evolve. 
B)  companies spring from an individual entrepreneur's knowledge, which is composed exclusively of technical skills. 
C)  once a corporation has built its learning base to the point where it has become a core company in its industry, entrepreneurial start-ups are rarely able to successfully enter. 
D)  learned capabilities derive from organizational strengths. 
E)  organizational knowledge can seldom be a competitive advantage.

Question 18

The mode of strategy formulation used when top management has a reasonably clear idea of the corporation's mission and objectives,but chooses to develop a series of tentative or partial strategies instead of developing full-blown strategies is called

Accepted Answer

A)  planning mode. 
B)  logical incrementalism. 
C)  entrepreneurial mode. 
D)  adaptive mode. 
E)  strategic mode. 
A)  planning mode. 
B)  logical incrementalism. 
C)  entrepreneurial mode. 
D)  adaptive mode. 
E)  strategic mode.

Question 19

One of the benefits of globalization is

Accepted Answer

A)  economies of scale. 
B)  decreased outsourcing. 
C)  increased union negotiations. 
D)  increased taxes. 
E)  additional human resource training. 
A)  economies of scale. 
B)  decreased outsourcing. 
C)  increased union negotiations. 
D)  increased taxes. 
E)  additional human resource training.

Question 20

In the externally oriented planning phase,plans are developed by heavily involving the input of managers from lower levels.

Accepted Answer

A) True 
 B)False

The integrated internationalization of markets and corporations is called

Which of the following statements is not true of a strategic inflection point?

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

Briefly describe the four basic elements of strategic management.

Corporate strategy occurs at the business unit or product level.

Hierarchy of strategy is a nesting of one strategy within another so that they complement and support one another.

One member of the European Union (EU) is Chile.

Which of the following is not a part of strategy implementation?

The internal environment includes the variables within the organization itself that are within the short-run control of top management.

The existence of a performance gap

A hierarchy of strategy emphasizes the need for the three levels of strategy to complement and support one another.

A goal differs from an objective because it

Which of the following is an example of a program?

While the strategic audit is not an all-inclusive list,it presents many of the critical questions needed for a detailed strategic analysis of any business.

An organization skilled at creating,acquiring,and transferring knowledge,and at modifying its behavior to reflect new knowledge and insights is a(n)

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

According to Alfred Chandler,

The mode of strategy formulation used when top management has a reasonably clear idea of the corporation's mission and objectives,but chooses to develop a series of tentative or partial strategies instead of developing full-blown strategies is called

One of the benefits of globalization is

In the externally oriented planning phase,plans are developed by heavily involving the input of managers from lower levels.

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

The integrated internationalization of markets and corporations is called

Which of the following statements is not true of a strategic inflection point?

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

Briefly describe the four basic elements of strategic management.

Corporate strategy occurs at the business unit or product level.

Hierarchy of strategy is a nesting of one strategy within another so that they complement and support one another.

One member of the European Union (EU) is Chile.

Which of the following is not a part of strategy implementation?

The internal environment includes the variables within the organization itself that are within the short-run control of top management.

The existence of a performance gap

A hierarchy of strategy emphasizes the need for the three levels of strategy to complement and support one another.

A goal differs from an objective because it

Which of the following is an example of a program?

While the strategic audit is not an all-inclusive list,it presents many of the critical questions needed for a detailed strategic analysis of any business.

An organization skilled at creating,acquiring,and transferring knowledge,and at modifying its behavior to reflect new knowledge and insights is a(n)

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

According to Alfred Chandler,

The mode of strategy formulation used when top management has a reasonably clear idea of the corporation's mission and objectives,but chooses to develop a series of tentative or partial strategies instead of developing full-blown strategies is called

One of the benefits of globalization is

In the externally oriented planning phase,plans are developed by heavily involving the input of managers from lower levels.

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