Question 1

Stakeholder-based theories argue that organisations have a responsibility to be socially responsible and to promote the best interests of:

Accepted Answer

A) shareholders 
B) local communities 
C) the natural environment 
D) all of the above 
A) shareholders 
B) local communities 
C) the natural environment 
D) all of the above D

Question 2

The three levels of strategy are:

Accepted Answer

A) functional,business,corporate 
B) global,national,corporate 
C) external,internal,individual 
D) industry,corporation,divisional 
A) functional,business,corporate 
B) global,national,corporate 
C) external,internal,individual 
D) industry,corporation,divisional A

Question 3

Differences between traditional economics and strategy do NOT include an assumption that:

Accepted Answer

A) market equilibrium will be reached through the pricing mechanism 
B) all companies have unique information 
C) transaction costs are zero 
D) there are many competitors in most markets 
A) market equilibrium will be reached through the pricing mechanism 
B) all companies have unique information 
C) transaction costs are zero 
D) there are many competitors in most markets B

Question 4

Ansoff's model of strategy proposed in his 1965 book on corporate planning was criticised because it:

Accepted Answer

A) is linear 
B) relies on strong market signals 
C) presumes that all strategic information is available to top management 
D) presumes that the future is closely related to the past 
A) is linear 
B) relies on strong market signals 
C) presumes that all strategic information is available to top management 
D) presumes that the future is closely related to the past

Question 5

The definition of strategy provided by this textbook does NOT claim that:

Accepted Answer

A) strategy is about decision making 
B) strategy is about short-term impacts of decisions 
C) strategy is about implementation of decisions 
D) strategy is about outperforming competitors 
A) strategy is about decision making 
B) strategy is about short-term impacts of decisions 
C) strategy is about implementation of decisions 
D) strategy is about outperforming competitors

Question 6

Briefly explain the three levels of strategy.

Accepted Answer

There are three levels of strategy:corpo

Question 7

According to agency theory,organisational underperformance is due to excessive competition.

Accepted Answer

A) True 
 B)False

Question 8

According to the knowledge-based view of strategy,which of the following is NOT considered as an important organisational resource?

Accepted Answer

A) Operational know-how 
B) Organisational culture 
C) Financial resources 
D) Routines 
A) Operational know-how 
B) Organisational culture 
C) Financial resources 
D) Routines

Question 9

As a consequence of a wide range of theories being applied to the field of strategy,we can conclude that:

Accepted Answer

A) there is considerable overlap between different perspectives 
B) there are significant differences in emphasis 
C) the solutions proposed by each perspective are likely to be different 
D) all of the above 
A) there is considerable overlap between different perspectives 
B) there are significant differences in emphasis 
C) the solutions proposed by each perspective are likely to be different 
D) all of the above

Question 10

The essential question in strategy is to maximise profitability.

Accepted Answer

A) True 
 B)False

Question 11

All organisations must have the three levels of strategy.

Accepted Answer

A) True 
 B)False

Question 12

What is 'strategy'? Is it relevant to all types of organisations?

Accepted Answer

Strategy is defined in many different wa

Question 13

Countries with small populations and small economies have many factors in common.Which of the following is one of these factors?

Accepted Answer

A) Small,compact cars 
B) Small government policy role 
C) Small schools 
D) Small local markets 
A) Small,compact cars 
B) Small government policy role 
C) Small schools 
D) Small local markets

Question 14

To understand and assess the business strategy properly,an understanding of the history of the organisation is necessary,including an understanding of its values.

Accepted Answer

A) True 
 B)False

Question 15

Explain the concept of 'sustainability'.Is it relevant for only the shareholders?

Accepted Answer

Sustainability is defined as development

Question 16

Explain how agency theory relates to an organisation's managers.

Accepted Answer

Agency theory considers that the manager

Question 17

One basis for a difference in strategy in smaller countries is:

Accepted Answer

A) access to export markets 
B) lack of cooperation between state and federal governments 
C) foreign capital market manipulation 
D) political systems 
A) access to export markets 
B) lack of cooperation between state and federal governments 
C) foreign capital market manipulation 
D) political systems

Question 18

What does the analysis of the current business strategy of an organisation involve?

Accepted Answer

The analysis of the current business str

Question 19

There are three levels of strategy.

Accepted Answer

A) True 
 B)False

Question 20

Sustainability is defined as development that meets the needs of current shareholders without compromising the ability to meet their needs in the future.

Accepted Answer

A) True 
 B)False

Stakeholder-based theories argue that organisations have a responsibility to be socially responsible and to promote the best interests of:

The three levels of strategy are:

Differences between traditional economics and strategy do NOT include an assumption that:

Ansoff's model of strategy proposed in his 1965 book on corporate planning was criticised because it:

The definition of strategy provided by this textbook does NOT claim that:

Briefly explain the three levels of strategy.

According to agency theory,organisational underperformance is due to excessive competition.

According to the knowledge-based view of strategy,which of the following is NOT considered as an important organisational resource?

As a consequence of a wide range of theories being applied to the field of strategy,we can conclude that:

The essential question in strategy is to maximise profitability.

All organisations must have the three levels of strategy.

What is 'strategy'? Is it relevant to all types of organisations?

Countries with small populations and small economies have many factors in common.Which of the following is one of these factors?

To understand and assess the business strategy properly,an understanding of the history of the organisation is necessary,including an understanding of its values.

Explain the concept of 'sustainability'.Is it relevant for only the shareholders?

Explain how agency theory relates to an organisation's managers.

One basis for a difference in strategy in smaller countries is:

What does the analysis of the current business strategy of an organisation involve?

There are three levels of strategy.

Sustainability is defined as development that meets the needs of current shareholders without compromising the ability to meet their needs in the future.

Analysing Business Strategy: Creating Value

Analysing the External Environment

Analysing the External Environment

Measuring Strategic Organisation Performance

GAP Analysis and Business-Level Strategic Options

Strategic Decision-Making

Dynamic Competitive Strategy

Corporatemulti-Business Strategy

Acquisitions and Alliances

International Strategy

Capabilities, Systems and Structure

Leadership, People and Culture

Change Management

Filters

Exam 1: What Is Strategy

Stakeholder-based theories argue that organisations have a responsibility to be socially responsible and to promote the best interests of:

The three levels of strategy are:

Differences between traditional economics and strategy do NOT include an assumption that:

Ansoff's model of strategy proposed in his 1965 book on corporate planning was criticised because it:

The definition of strategy provided by this textbook does NOT claim that:

Briefly explain the three levels of strategy.

According to agency theory,organisational underperformance is due to excessive competition.

According to the knowledge-based view of strategy,which of the following is NOT considered as an important organisational resource?

As a consequence of a wide range of theories being applied to the field of strategy,we can conclude that:

The essential question in strategy is to maximise profitability.

All organisations must have the three levels of strategy.

What is 'strategy'? Is it relevant to all types of organisations?

Countries with small populations and small economies have many factors in common.Which of the following is one of these factors?

To understand and assess the business strategy properly,an understanding of the history of the organisation is necessary,including an understanding of its values.

Explain the concept of 'sustainability'.Is it relevant for only the shareholders?

Explain how agency theory relates to an organisation's managers.

One basis for a difference in strategy in smaller countries is:

What does the analysis of the current business strategy of an organisation involve?

There are three levels of strategy.

Sustainability is defined as development that meets the needs of current shareholders without compromising the ability to meet their needs in the future.

Analysing Business Strategy: Creating Value

Analysing the External Environment

Analysing the External Environment

Measuring Strategic Organisation Performance

GAP Analysis and Business-Level Strategic Options

Strategic Decision-Making

Dynamic Competitive Strategy

Corporatemulti-Business Strategy

Acquisitions and Alliances

International Strategy

Capabilities, Systems and Structure

Leadership, People and Culture

Change Management

Filters