Question 1

Performance results are monitored at the strategy formulation phase of the strategic management process.

Accepted Answer

A) True 
 B)False

Question 2

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 3

Define globalization and identify the role of strategic management in globalization.

Accepted Answer

Globalization is the internationalizatio

Question 4

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 5

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 6

The ability of a corporation to shift from one dominant strategy to another is called

Accepted Answer

A)  strategy implementation. 
B)  chaos formulation. 
C)  contingency management. 
D)  logical incrementalism. 
E)  strategic flexibility. 
A)  strategy implementation. 
B)  chaos formulation. 
C)  contingency management. 
D)  logical incrementalism. 
E)  strategic flexibility.

Question 7

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 8

As more industries become global,strategic management is becoming less important in positioning a company for long-term competitive advantage.

Accepted Answer

A) True 
 B)False

Question 9

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 10

Which one of the following is an example of a mission with a narrow scope?

Accepted Answer

A)  transportation (vs. railroads) 
B)  computers (vs. office equipment) 
C)  health care (vs. hospitals) 
D)  real estate (vs. apartments) 
E)  telecommunications (vs. television) 
A)  transportation (vs. railroads) 
B)  computers (vs. office equipment) 
C)  health care (vs. hospitals) 
D)  real estate (vs. apartments) 
E)  telecommunications (vs. television)

Question 11

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 12

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

Accepted Answer

A) True 
 B)False

Question 13

Strategic flexibility is the ability to shift from one dominant strategy to another.

Accepted Answer

A) True 
 B)False

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

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 16

The term used to describe new products,services,methods,and organizational approaches that allow businesses to achieve extraordinary returns is

Accepted Answer

A)  ROI. 
B)  innovation. 
C)  competitive advantage. 
D)  sustainability. 
E)  profit maximization. 
A)  ROI. 
B)  innovation. 
C)  competitive advantage. 
D)  sustainability. 
E)  profit maximization.

Question 17

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 18

What are the four main activities of a learning organization?

Accepted Answer

The four main activities of a learning o

Question 19

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

Accepted Answer

A) True 
 B)False

Question 20

A functional strategy may include competitive or cooperative strategies.

Accepted Answer

A) True 
 B)False

Performance results are monitored at the strategy formulation phase of the strategic management process.

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

Define globalization and identify the role of strategic management in globalization.

The existence of a performance gap

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 ability of a corporation to shift from one dominant strategy to another is called

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

As more industries become global,strategic management is becoming less important in positioning a company for long-term competitive advantage.

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

Which one of the following is an example of a mission with a narrow scope?

As defined in this course,a policy is

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

Strategic flexibility is the ability to shift from one dominant strategy to another.

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.

A goal differs from an objective because it

The term used to describe new products,services,methods,and organizational approaches that allow businesses to achieve extraordinary returns is

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

What are the four main activities of a learning organization?

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

A functional strategy may include competitive or cooperative strategies.

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

Performance results are monitored at the strategy formulation phase of the strategic management process.

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

Define globalization and identify the role of strategic management in globalization.

The existence of a performance gap

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 ability of a corporation to shift from one dominant strategy to another is called

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

As more industries become global,strategic management is becoming less important in positioning a company for long-term competitive advantage.

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

Which one of the following is an example of a mission with a narrow scope?

As defined in this course,a policy is

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

Strategic flexibility is the ability to shift from one dominant strategy to another.

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.

A goal differs from an objective because it

The term used to describe new products,services,methods,and organizational approaches that allow businesses to achieve extraordinary returns is

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

What are the four main activities of a learning organization?

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

A functional strategy may include competitive or cooperative strategies.

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