Question 1

___________ and _________ stage of the process is the point at which the results of a given strategy are monitored.

Accepted Answer

A)   Evaluation and Planning
B)   Implementing and Evaluation
C)   Evaluation and Control
D)   Planning and Control C

Question 2

Functional level relates to the strategies employed in the various functional areas (i.e., human resources, production, marketing, finance, research and development, etc.) of the organization.

Accepted Answer

A) True 
 B)False  True

Question 3

Agency theory suggests that problems arise in organizations because "the agents (top management) no longer bear the full results of their decisions unless they own a substantial amount of stock in the corporation."

Accepted Answer

A) True 
 B)False  True

Question 4

Which of the following is a part of the strategic consensus?

Accepted Answer

A)   Programs
B)   Budget
C)   Procedures
D)   All of the above

Question 5

Which of the following is not a type of organizational strategists?

Accepted Answer

A)   The Board of Directors
B)   Top Managers
C)   Subordinates
D)   Shareholders

Question 6

Discuss the significance of inside and outside directors in the Board members' committee of an organization.

Accepted Answer

The answer of Discuss the significance of inside and outside...

Question 7

The mission statement of any organization would be accomplished at:

Accepted Answer

A)   Corporate level
B)   Business level
C)   Sub-units level
D)   Functional level

Question 8

Jonas, Fry, and Srivastva have derived four types of individual behaviors in the formulation a strategy:

Accepted Answer

A)   Strategist, Enthusiastic, Steward, and Artist
B)   Systematic, Analyst, Enthusiastic, and Artist
C)   Strategist, Analyst, Steward, and Artist
D)   Systematic, Authentic, Steward, and Artist

Question 9

A program is simply a statement of the activities necessary for accomplishing the strategy.

Accepted Answer

A) True 
 B)False

Question 10

A mixed blessing stakeholder is one that is characterized by a low potential for threat and cooperation.

Accepted Answer

A) True 
 B)False

Question 11

Management is all about planning, organizing, recruiting, selecting, leading, communicating, problem-solving, and is not subject to continuous change.

Accepted Answer

A) True 
 B)False

Question 12

R. Alec Mackenzie's three-dimensional view of the management process is a combination of the basic elements of management activities including:

Accepted Answer

A)   People, Things and Ideas
B)   People, Things and Innovation
C)   People, Threats and Ideas
D)   People, Thinking and Innovation

Question 13

"Put more boldly, if you have no vision but only formal plans, then every unpredicted change in the environment makes you feel like your sky is falling." How does this perspective oppose or agree with Henry Mintzberg's statement, "while it was planning that experienced the turbulence, it was the environment that got labeled turbulent!"?

Accepted Answer

The answer of "Put more boldly, if you have no...

Question 14

Strategies employed in areas of human resources, production, marketing, finance, research and development pertains to:

Accepted Answer

A)   Corporate level
B)   Business level
C)   Sub-units level
D)   Functional level

Question 15

Goals are defined as being the desired end result of this planned accomplishment, while objectives are defined as open-ended statements of planned accomplishment.

Accepted Answer

A) True 
 B)False

Question 16

"Stakeholder concerns are not always based on what might be best for the organization, but what might be best for the stakeholder." Do you agree or disagree with this statement? Justify your answer.

Accepted Answer

The answer of "Stakeholder concerns are not always based on...

Question 17

A program is:

Accepted Answer

A)   is a statement in terms of dollars
B)   the sequential steps
C)   simply a statement of the activities necessary for accomplishing the strategy
D)   understanding and common commitment to the strategy

Question 18

____________suggests that problems arise in organizations because "the top management no longer bear the full results of their decisions unless they own a substantial amount of stock in the corporation."

Accepted Answer

A)   Investment theory
B)   Agency theory
C)   Strategic theory
D)   Management theory

Question 19

Strategic planning is a prediction of the future and it helps to monitor and assess whether the assumptions are still valid over time.

Accepted Answer

A) True 
 B)False

Question 20

Which of the following is not a level in an organization?

Accepted Answer

A)   Corporate level
B)   Middle level
C)   Business level
D)   Functional level

Exam 1: An Introduction to the Strategic Planning Process SPP

___ and _ stage of the process is the point at which the results of a given strategy are monitored.

Functional level relates to the strategies employed in the various functional areas (i.e., human resources, production, marketing, finance, research and development, etc.) of the organization.

Agency theory suggests that problems arise in organizations because "the agents (top management) no longer bear the full results of their decisions unless they own a substantial amount of stock in the corporation."

Which of the following is a part of the strategic consensus?

Which of the following is not a type of organizational strategists?

Discuss the significance of inside and outside directors in the Board members' committee of an organization.

The mission statement of any organization would be accomplished at:

Jonas, Fry, and Srivastva have derived four types of individual behaviors in the formulation a strategy:

A program is simply a statement of the activities necessary for accomplishing the strategy.

A mixed blessing stakeholder is one that is characterized by a low potential for threat and cooperation.

Management is all about planning, organizing, recruiting, selecting, leading, communicating, problem-solving, and is not subject to continuous change.

R. Alec Mackenzie's three-dimensional view of the management process is a combination of the basic elements of management activities including:

Strategies employed in areas of human resources, production, marketing, finance, research and development pertains to:

Goals are defined as being the desired end result of this planned accomplishment, while objectives are defined as open-ended statements of planned accomplishment.

"Stakeholder concerns are not always based on what might be best for the organization, but what might be best for the stakeholder." Do you agree or disagree with this statement? Justify your answer.

A program is:

____________suggests that problems arise in organizations because "the top management no longer bear the full results of their decisions unless they own a substantial amount of stock in the corporation."

Strategic planning is a prediction of the future and it helps to monitor and assess whether the assumptions are still valid over time.

Which of the following is not a level in an organization?