Question 1

The final realized strategy of a firm is a combination of deliberate and time-tested strategies only.

Accepted Answer

A) True 
 B)False

Question 2

The four key attributes of strategic management include all of the following except

Accepted Answer

A)  including multiple stakeholder interests in decision making. 
B)  incorporating both short-term and long-term perspectives. 
C)  recognizing the trade-offs between effectiveness and efficiency. 
D)  emphasis on the attainment of short-term objectives. 
A)  including multiple stakeholder interests in decision making. 
B)  incorporating both short-term and long-term perspectives. 
C)  recognizing the trade-offs between effectiveness and efficiency. 
D)  emphasis on the attainment of short-term objectives.

Question 3

WellPoint Health Network states: WellPoint will redefine our industry through a new generation of consumer-friendly products that put individuals back in control of their future.This is an example of a

Accepted Answer

A)  strategic objective. 
B)  vision statement. 
C)  vague statement of direction. 
D)  line manager's individual goal. 
A)  strategic objective. 
B)  vision statement. 
C)  vague statement of direction. 
D)  line manager's individual goal.

Question 4

Firms must be aware of goals other than short-term profit maximization.One area of concern should be social responsibility,which is the

Accepted Answer

A)  expectation that business will strive to improve the overall welfare of society. 
B)  idea that organizations are solely responsible to local citizens. 
C)  fact that court costs could impact the financial bottom line. 
D)  idea that businesses are responsible for maintaining a healthy social climate for their employees. 
A)  expectation that business will strive to improve the overall welfare of society. 
B)  idea that organizations are solely responsible to local citizens. 
C)  fact that court costs could impact the financial bottom line. 
D)  idea that businesses are responsible for maintaining a healthy social climate for their employees.

Question 5

All successful firms compete and outperform their rivals by developing bases for competitive advantage,which can be achieved only through cost leadership.

Accepted Answer

A) True 
 B)False

Question 6

According to the external control view of leadership,which of the following factors would not be considered an external factor that might positively or negatively affect a firm's success?

Accepted Answer

A)  economic downturns 
B)  governmental legislation 
C)  outbreak of war 
D)  company employee morale 
A)  economic downturns 
B)  governmental legislation 
C)  outbreak of war 
D)  company employee morale

The final realized strategy of a firm is a combination of deliberate and time-tested strategies only.

The four key attributes of strategic management include all of the following except

WellPoint Health Network states: WellPoint will redefine our industry through a new generation of consumer-friendly products that put individuals back in control of their future.This is an example of a

Firms must be aware of goals other than short-term profit maximization.One area of concern should be social responsibility,which is the

All successful firms compete and outperform their rivals by developing bases for competitive advantage,which can be achieved only through cost leadership.

According to the external control view of leadership,which of the following factors would not be considered an external factor that might positively or negatively affect a firm's success?

Analyzing the External Environment of the Firm: Creating Competitive Advantages

Assessing the Internal Environment of the Firm

Recognizing a Firm's Intellectual Assets: Moving Beyond a Firm's Tangible Resources

Business-level Strategy: Creating and Sustaining Competitive Advantages

Corporate-level Strategy: Creating Value Through Diversification

International Strategy: Creating Value in Global Markets

Entrepreneurial Strategy and Competitive Dynamics

Strategic Control and Corporate Governance

Creating Effective Organizational Designs

Strategic Leadership: Creating a Learning Organization and an Ethical Organization

Managing Innovation and Fostering Corporate Entrepreneurship

Filters

Exam 1: Strategic Management: Creating Competitive Advantages

The final realized strategy of a firm is a combination of deliberate and time-tested strategies only.

The four key attributes of strategic management include all of the following except

WellPoint Health Network states: WellPoint will redefine our industry through a new generation of consumer-friendly products that put individuals back in control of their future.This is an example of a

Firms must be aware of goals other than short-term profit maximization.One area of concern should be social responsibility,which is the

All successful firms compete and outperform their rivals by developing bases for competitive advantage,which can be achieved only through cost leadership.

According to the external control view of leadership,which of the following factors would not be considered an external factor that might positively or negatively affect a firm's success?

Analyzing the External Environment of the Firm: Creating Competitive Advantages

Assessing the Internal Environment of the Firm

Recognizing a Firm's Intellectual Assets: Moving Beyond a Firm's Tangible Resources

Business-level Strategy: Creating and Sustaining Competitive Advantages

Corporate-level Strategy: Creating Value Through Diversification

International Strategy: Creating Value in Global Markets

Entrepreneurial Strategy and Competitive Dynamics

Strategic Control and Corporate Governance

Creating Effective Organizational Designs

Strategic Leadership: Creating a Learning Organization and an Ethical Organization

Managing Innovation and Fostering Corporate Entrepreneurship

Filters