Deck 13: Strategic Control

Question 1

________ is the systematic recognition and analysis of assumptions upon which a strategic plan is based,to determine if those assumptions remain valid in changing circumstances and in light of new information.

A)Special alert control
B)Implementation control
C)Premise control
D)Strategic surveillance

Answer 1

C

Question 2

Which of the following types of strategic control has a low degree of focusing?

A)Special alert control
B)Implementation control
C)Strategic surveillance
D)Premise control

Answer 2

C

Question 3

The control of strategy can be characterized as a form of:

A)"Performance control"
B)"Mission control"
C)"Vision control"
D)"Steering control"

Answer 3

D

Question 4

_____________ is designed to assess whether the overall strategy should be changed in light of the results associated with the incremental actions that implement the overall strategy.

A)Strategic surveillance
B)Special alert control
C)Premise control
D)Implementation control

Question 5

Strategic surveillance must be kept:

A)As focused as possible
B)As unfocused as possible
C)As fast as possible
D)Internal

Question 6

The rapid,accelerating change of the global marketplace has made the need for ____________ key in managing a company.

A)strategic control
B)Mission clarification
C)Long-term performance
D)Alternative structures

Question 7

___________ is designed to monitor a broad range of events inside and outside the firm that are likely to affect the course of its strategy.

A)Special alert control
B)Strategic surveillance
C)Premise control
D)Implementation control

Question 8

Which of the following types of strategic control has a low degree of focusing?

A)Special alert control
B)Implementation control
C)Strategic surveillance
D)Premise control

Question 9

___________ is designed to check systematically and continuously whether the premises on which the strategy is based are still valid.

A)Strategic surveillance
B)Implementation control
C)Special alert control
D)Premise control

Question 10

_______ should be a loose "environmental scanning" activity.

A)Special alert control
B)Implementation control
C)Strategic surveillance
D)Premise control

Question 11

A(n)_____________ is the thorough and often rapid,reconsideration of the firm's strategy because of a sudden,unexpected event.

A)Special alert control
B)Implementation control
C)Milestone control
D)Premise control

Question 12

The __________ that take place usually involve a full-scale reassessment of the strategy and of the advisability of continuing or refocusing the firm's direction.

A)Abandonment reviews
B)Milestone reviews
C)Strategic thrusts
D)Strategic implementation

Question 13

The 2011 Japanese earthquake and tsunami would trigger what kind of control?

A)Strategic surveillance
B)Implementation control
C)Special altert control
D)Premise control

Question 14

Which of the following types of strategic control has a low degree of formalization?

A)Special alert control
B)Implementation control
C)Strategic surveillance
D)Premise control

Question 15

Which of the following is typically not a question asked by managers who are responsible for the success of their strategy?

A)Are we moving in the proper direction?
B)Are key things falling in place?
C)Is our portfolio balanced?
D)How are we performing?

Question 16

Which of the following types of strategic control has a low degree of centralization?

A)Special alert control
B)Implementation control
C)Strategic surveillance
D)Premise control

Question 17

Which of the following types of strategic control seldom is used with environmental factors?

A)Strategic surveillance
B)Special alert control
C)Premise control
D)Implementation control

Question 18

Which of the following is NOT one of the basic types of strategic control?

A)Premise control
B)Performance control
C)Special alert control
D)Implementation control

Question 19

_______________ is concerned with tracking a strategy as it is being implemented,detecting problems or changes in its underlying premises and making necessary adjustments.

A)Strategy evaluation
B)Strategic implementation
C)Strategic control
D)Strategic decision-making

Question 20

__________ provide managers with information that helps them determine whether the overall strategy is progressing as planned or needs to be adjusted.

A)Strategic threats
B)Strategic thrusts
C)Milestone reviews
D)Frequency reviews

Question 21

Which of the following is NOT one of the steps necessary for operational control systems to be effective?

A)Measure post-action performance
B)Set standards for performance
C)Initiate corrective action
D)Identify deviations from standards set

Question 22

The ___________ typically uses measures like cash flow,return on equity,sales and income growth as part of the balanced scorecard approach.

A)Customer perspective
B)Business process perspective
C)Learning and growth perspective
D)Financial perspective

Question 23

Robert Kaplan and David Norton created the _________,a management control system that enables companies to clarify their strategies,translate them into action and provide quantitative feedback as to whether the strategy is creating value,leveraging core competencies,satisfying the company's customers and generating a financial reward to its shareholders.

A)Balance-matrix
B)Shareholder methodology
C)Balanced scorecard
D)Strategic approach

Question 24

A ______ is a user interface that organizes and presents information from multiple digital sources simultaneously in a user-designed format on the computer screen.

A)Wiki
B)Genie
C)Dashboard
D)Widget

Question 25

The overriding goal of a control system is to enable the ____ and ________ of the business.

A)Improvement,diversification
B)Process,development
C)Survival,long-term success
D)Invention,entrepreneurship

Question 26

Strategic controls and comprehensive control programs like the _________ bring the entire management task into focus.

A)Capital budgeting
B)Balanced scorecard
C)Financial budgeting
D)Sales budgeting

Question 27

The _______ is of particular interest because it provides a basis for examining suggested actions and for finalizing decisions on changes or adjustments in the firm's operations.

A)Progress to date
B)Simple ranking
C)Current deviation
D)Operational standard