Question 1

Which of the following has been shown to be the best predictor of firm performance?

Accepted Answer

A) Create strategic priorities and goals simultaneously. 
B) Establish strategic priorities before setting goals. 
C) Identify the strength and weaknesses of the firm,and then let firm-level strategic priorities emerge naturally. 
D) Focus on goals,and then create strategic priorities on how to compete. 
A) Create strategic priorities and goals simultaneously. 
B) Establish strategic priorities before setting goals. 
C) Identify the strength and weaknesses of the firm,and then let firm-level strategic priorities emerge naturally. 
D) Focus on goals,and then create strategic priorities on how to compete. B

Question 2

Which of the following choices must be made when designing a performance management system?

Accepted Answer

A) Behavioral criteria versus results criteria 
B) Low employee participation versus high employee participation 
C) Short-term criteria versus long-term criteria 
D) All of the above 
A) Behavioral criteria versus results criteria 
B) Low employee participation versus high employee participation 
C) Short-term criteria versus long-term criteria 
D) All of the above D

Question 3

What is strategic consensus?

Accepted Answer

Strategic consensus is the state in which various organizational units agree on a common set of strategic priorities.

Question 4

Which one of the following is an example of Strategic priorities F1S1S1W1F1F1F10 Goals?

Accepted Answer

A) Each salesperson will increase $10,000 in sales by the end of the quarter. 
B) Our company must double the number of our product lines to gain greater diversity and customer satisfaction. 
C) Our firm will reduce the price of our items by 20 percent to compete in the East Asian market within the next five years.To do so,each store must increase employee productivity by 8 percent and implement a one-year hiring freeze. 
D) Each team is required to propose a set of team goals that will help the organization achieve its organizational goals. 
A) Each salesperson will increase $10,000 in sales by the end of the quarter. 
B) Our company must double the number of our product lines to gain greater diversity and customer satisfaction. 
C) Our firm will reduce the price of our items by 20 percent to compete in the East Asian market within the next five years.To do so,each store must increase employee productivity by 8 percent and implement a one-year hiring freeze. 
D) Each team is required to propose a set of team goals that will help the organization achieve its organizational goals.

Question 5

In the early development of strategic management as a field,what was the dominant approach to achieving strategic consensus?

Accepted Answer

A) Create strategic priorities and goals simultaneously. 
B) Establish strategic priorities before setting goals. 
C) Identify the strength and weaknesses of the firm,and then let firm-level strategic priorities emerge naturally. 
D) Focus on goals,and then create strategic priorities on how to compete. 
A) Create strategic priorities and goals simultaneously. 
B) Establish strategic priorities before setting goals. 
C) Identify the strength and weaknesses of the firm,and then let firm-level strategic priorities emerge naturally. 
D) Focus on goals,and then create strategic priorities on how to compete.

Question 6

Which of the following external factors should be considered in any environmental analysis?

Accepted Answer

A) Organizational culture 
B) Organizational politics 
C) Competitors 
D) Organizational structure 
A) Organizational culture 
B) Organizational politics 
C) Competitors 
D) Organizational structure

Question 7

A vision statement provides more specific information on how the mission will be implemented.

Accepted Answer

A) True 
 B)False

Question 8

HR support is sufficient for a successful performance management system;employee and top management buy-in is not necessary.

Accepted Answer

A) True 
 B)False

Question 9

Strategic consensus occurs when __________agree on a common set of _______.

Accepted Answer

A) workers;unit-level goals 
B) organizational units;strategic priorities 
C) firms;industry-wide practices 
D) managers;organizational values 
A) workers;unit-level goals 
B) organizational units;strategic priorities 
C) firms;industry-wide practices 
D) managers;organizational values

Question 10

Strategic planning is a process that involves describing the organization's destination,assessing barriers that stand in the way of that destination,and selecting approaches for moving forward.

Accepted Answer

A) True 
 B)False

Question 11

What are the steps in the creation of a successful strategic plan?

Accepted Answer

The steps for creation of a successful s

Question 12

Performance management systems allow all employees to understand where the organization stands and where it needs to go and provide tools to employees so that their behaviors will help the organization meet its goals.

Accepted Answer

A) True 
 B)False

Question 13

The main goal of the strategic planning process is to:

Accepted Answer

A) Write the mission statement to provide direction to the organization 
B) Allocate resources to provide the organization with a competitive advantage 
C) Form the foundation for the performance management process 
D) None of the above 
A) Write the mission statement to provide direction to the organization 
B) Allocate resources to provide the organization with a competitive advantage 
C) Form the foundation for the performance management process 
D) None of the above

Question 14

As with organizations,people can have mission statements.Write a personal mission statement for yourself.Be sure that it includes all of the characteristics of a good mission statement.Use the following tool at the Franklin Covey Web site,and add to it as necessary: HYPERLINK "http://www.franklincovey.com/missionbuilder/index.html?c=Home_Center_Top" http://www.franklincovey.com/missionbuilder/index.html?c=Home_Center_Top Right_MissionBuilder.[HJ: underline the link?]

Accepted Answer

Personal Mission Statement: Answers will

Question 15

The performance management criteria must be linked to the vision,mission,goals,and strategies of the organization and unit.

Accepted Answer

A) True 
 B)False

Question 16

Characteristics of the external environment that can prevent the organization from being successful are known as ______________________.

Accepted Answer

A) disadvantages 
B) weaknesses 
C) global factors 
D) threats 
A) disadvantages 
B) weaknesses 
C) global factors 
D) threats

Question 17

Define strengths in the context of strategic planning.

Accepted Answer

In the context of strategic pl

Question 18

Define constraint in the context of strategic planning.

Accepted Answer

In the context of strategic pl

Question 19

A good mission statement contains which of the following?

Accepted Answer

A) Statement of why the organization exists 
B) Description of the organization's customers 
C) List of the organization's products and services 
D) All of the above 
A) Statement of why the organization exists 
B) Description of the organization's customers 
C) List of the organization's products and services 
D) All of the above

Question 20

An analysis of the economic environment would be included in the external environment analysis.

Accepted Answer

A) True 
 B)False

Which of the following has been shown to be the best predictor of firm performance?

Which of the following choices must be made when designing a performance management system?

What is strategic consensus?

Which one of the following is an example of Strategic priorities  Goals?

In the early development of strategic management as a field,what was the dominant approach to achieving strategic consensus?

Which of the following external factors should be considered in any environmental analysis?

A vision statement provides more specific information on how the mission will be implemented.

HR support is sufficient for a successful performance management system;employee and top management buy-in is not necessary.

Strategic consensus occurs when ____agree on a common set of _.

Strategic planning is a process that involves describing the organization's destination,assessing barriers that stand in the way of that destination,and selecting approaches for moving forward.

What are the steps in the creation of a successful strategic plan?

Performance management systems allow all employees to understand where the organization stands and where it needs to go and provide tools to employees so that their behaviors will help the organization meet its goals.

The main goal of the strategic planning process is to:

The performance management criteria must be linked to the vision,mission,goals,and strategies of the organization and unit.

Characteristics of the external environment that can prevent the organization from being successful are known as ______________________.

Define strengths in the context of strategic planning.

Define constraint in the context of strategic planning.

A good mission statement contains which of the following?

An analysis of the economic environment would be included in the external environment analysis.

Performance Management and Reward Systems in Context

Performance Management Process

Defining Performance and Choosing a Measurement Approach

Measuring Results and Behaviors

Gathering Performance Information

Implementing a Performance Management System

Performance Management and Employee Development

Performance Management Skills

Reward Systems and Legal Issues

Managing Team Performance

Filters

Exam 3: Performance Management and Strategic Planning

Which of the following has been shown to be the best predictor of firm performance?

Which of the following choices must be made when designing a performance management system?

What is strategic consensus?

Which one of the following is an example of Strategic priorities  Goals?

In the early development of strategic management as a field,what was the dominant approach to achieving strategic consensus?

Which of the following external factors should be considered in any environmental analysis?

A vision statement provides more specific information on how the mission will be implemented.

HR support is sufficient for a successful performance management system;employee and top management buy-in is not necessary.

Strategic consensus occurs when __________agree on a common set of _______.

Strategic planning is a process that involves describing the organization's destination,assessing barriers that stand in the way of that destination,and selecting approaches for moving forward.

What are the steps in the creation of a successful strategic plan?

Performance management systems allow all employees to understand where the organization stands and where it needs to go and provide tools to employees so that their behaviors will help the organization meet its goals.

The main goal of the strategic planning process is to:

The performance management criteria must be linked to the vision,mission,goals,and strategies of the organization and unit.

Characteristics of the external environment that can prevent the organization from being successful are known as ______________________.

Define strengths in the context of strategic planning.

Define constraint in the context of strategic planning.

A good mission statement contains which of the following?

An analysis of the economic environment would be included in the external environment analysis.

Performance Management and Reward Systems in Context

Performance Management Process

Defining Performance and Choosing a Measurement Approach

Measuring Results and Behaviors

Gathering Performance Information

Implementing a Performance Management System

Performance Management and Employee Development

Performance Management Skills

Reward Systems and Legal Issues

Managing Team Performance

Filters

Strategic consensus occurs when ____agree on a common set of _.