Question 1

Which one of the following is included in the firm's task environment?

Accepted Answer

A)  technological factors 
B)  sociocultural factors 
C)  culture 
D)  stockholders 
E)  political-legal forces 
A)  technological factors 
B)  sociocultural factors 
C)  culture 
D)  stockholders 
E)  political-legal forces

Question 2

In the final phase of strategic management,strategic information is available to

Accepted Answer

A)  people throughout the organization. 
B)  the top management responsible for decision-making. 
C)  middle management. 
D)  operational personnel. 
E)  only those responsible for implementing the strategy. 
A)  people throughout the organization. 
B)  the top management responsible for decision-making. 
C)  middle management. 
D)  operational personnel. 
E)  only those responsible for implementing the strategy.

Question 3

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 4

Strategic planning within a small organization

Accepted Answer

A)  may be informal and irregular. 
B)  must be elaborate to allow for future growth. 
C)  should always be formalized and explicitly stated. 
D)  should be done by the president only. 
E)  is unnecessary and a waste of time. 
A)  may be informal and irregular. 
B)  must be elaborate to allow for future growth. 
C)  should always be formalized and explicitly stated. 
D)  should be done by the president only. 
E)  is unnecessary and a waste of time.

Question 5

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 6

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 7

Globalization is the integrated internationalization of markets and corporations.

Accepted Answer

A) True 
 B)False

Question 8

An example of an objective is "increased profitability," while an example of a goal is "to increase the firm's profitability in 2017 by 15 percent over 2016."

Accepted Answer

A) True 
 B)False

Question 9

According to Henry Mintzberg,the three most typical approaches to strategic decision-making are

Accepted Answer

A)  entrepreneurial, adaptive, and planning. 
B)  entrepreneurial, logical incrementalism, and planning. 
C)  logical incrementalism, strategic planning, and systematic scanning. 
D)  environmental scanning, formulation, and implementation. 
E)  directive, rare, and consequential. 
A)  entrepreneurial, adaptive, and planning. 
B)  entrepreneurial, logical incrementalism, and planning. 
C)  logical incrementalism, strategic planning, and systematic scanning. 
D)  environmental scanning, formulation, and implementation. 
E)  directive, rare, and consequential.

Question 10

Which approach to decision-making is most useful when the environment is changing rapidly and when it is important to build consensus and develop needed resources before committing the entire corporation to a specific strategy?

Accepted Answer

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

Question 11

Research done by Henry Mintzberg suggests that strategy formulation

Accepted Answer

A)  is typically an irregular and a discontinuous process. 
B)  should be followed unswervingly to ensure success of the plan. 
C)  is a process to which organizations find they must make significant yearly changes. 
D)  should be reviewed after a specific interval of time to make sure it is still applicable. 
E)  is merely a checklist of actions following a logical process. 
A)  is typically an irregular and a discontinuous process. 
B)  should be followed unswervingly to ensure success of the plan. 
C)  is a process to which organizations find they must make significant yearly changes. 
D)  should be reviewed after a specific interval of time to make sure it is still applicable. 
E)  is merely a checklist of actions following a logical process.

Question 12

The development of long-range plans for the effective management of environmental opportunities and threats in light of corporate strengths and weaknesses is known as

Accepted Answer

A)  strategy formulation. 
B)  strategy implementation. 
C)  strategy control. 
D)  strategic analysis. 
E)  strategy evaluation. 
A)  strategy formulation. 
B)  strategy implementation. 
C)  strategy control. 
D)  strategic analysis. 
E)  strategy evaluation.

Question 13

What is a triggering event? List some possible examples.

Accepted Answer

A triggering event is something that act

Question 14

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 15

Henry Mintzberg discovered that strategic formulation is a regular,continuous process.

Accepted Answer

A) True 
 B)False

Question 16

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.

Question 17

A strategic decision is rare,consequential,and directive.

Accepted Answer

A) True 
 B)False

Question 18

A checklist of questions,by area or issue that enables a systematic analysis to be made of various corporate functions and activities is referred to as a(n)

Accepted Answer

A)  scenario. 
B)  portfolio. 
C)  strategic audit. 
D)  social responsibility audit. 
E)  SOP. 
A)  scenario. 
B)  portfolio. 
C)  strategic audit. 
D)  social responsibility audit. 
E)  SOP.

Question 19

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

Accepted Answer

A) True 
 B)False

Question 20

The ability of an organization to reshape its environment is described by

Accepted Answer

A)  population ecology theory. 
B)  institution theory. 
C)  the strategic choice perspective. 
D)  organizational learning theory. 
E)  organizational citizenship theory. 
A)  population ecology theory. 
B)  institution theory. 
C)  the strategic choice perspective. 
D)  organizational learning theory. 
E)  organizational citizenship theory.

Which one of the following is included in the firm's task environment?

In the final phase of strategic management,strategic information is available to

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

Strategic planning within a small organization

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

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.

An example of an objective is "increased profitability," while an example of a goal is "to increase the firm's profitability in 2017 by 15 percent over 2016."

According to Henry Mintzberg,the three most typical approaches to strategic decision-making are

Which approach to decision-making is most useful when the environment is changing rapidly and when it is important to build consensus and develop needed resources before committing the entire corporation to a specific strategy?

Research done by Henry Mintzberg suggests that strategy formulation

The development of long-range plans for the effective management of environmental opportunities and threats in light of corporate strengths and weaknesses is known as

What is a triggering event? List some possible examples.

According to Alfred Chandler,

Henry Mintzberg discovered that strategic formulation is a regular,continuous process.

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

A strategic decision is rare,consequential,and directive.

A checklist of questions,by area or issue that enables a systematic analysis to be made of various corporate functions and activities is referred to as a(n)

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

The ability of an organization to reshape its environment is described by

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

Which one of the following is included in the firm's task environment?

In the final phase of strategic management,strategic information is available to

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

Strategic planning within a small organization

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

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.

An example of an objective is "increased profitability," while an example of a goal is "to increase the firm's profitability in 2017 by 15 percent over 2016."

According to Henry Mintzberg,the three most typical approaches to strategic decision-making are

Which approach to decision-making is most useful when the environment is changing rapidly and when it is important to build consensus and develop needed resources before committing the entire corporation to a specific strategy?

Research done by Henry Mintzberg suggests that strategy formulation

The development of long-range plans for the effective management of environmental opportunities and threats in light of corporate strengths and weaknesses is known as

What is a triggering event? List some possible examples.

According to Alfred Chandler,

Henry Mintzberg discovered that strategic formulation is a regular,continuous process.

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

A strategic decision is rare,consequential,and directive.

A checklist of questions,by area or issue that enables a systematic analysis to be made of various corporate functions and activities is referred to as a(n)

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

The ability of an organization to reshape its environment is described by

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