Long-term Objectives And Strategies

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Strategic Management
Company Mission
Corporate Social Responsibility and Business Ethics
The External Environment
The Global Environment
Internal Analysis
Long-Term Objectives and Strategies
Business Strategy
Multibusiness Strategy
Implementation
Organizational Structure
Leadership and Culture
Strategic Control
Innovation and Entrepreneurship

All Questions

Question 1

Free

Multiple Choice

Objectives should be suited to the broad aims of the organization which are expressed in the statement of the company:

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Profile

Mission

Philosophy

Goals

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Question 2

Free

Multiple Choice

The function of objectives is:

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To provide a specific statement of the desires of the firm

To deal with profitability, growth and survival without specific targets or time frames

To provide specific benchmarks for evaluating the company's progress in achieving its aims

To enhance stock market optimism

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Question 3

Free

Multiple Choice

Which of the following are intended to provide benchmarks for the evaluation of the company's progress in achieving its aim?

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Mission

Long-term objectives

Grand strategies

Business policies

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Question 4

Free

Multiple Choice

Grand strategies provide a comprehensive general approach to guide the organization's:

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Major actions designed to accomplish long-term objectives

Major actions designed to accomplish short-term objectives

Operational actions designed to accomplish short-term objectives

Operational actions designed to accomplish intermediate term objectives

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Question 5

Free

Multiple Choice

Which of the following is NOT a commonly pursued long-term objective as described in the text?

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Profitability

Social responsibility

Efficiency

Productivity

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Question 6

Multiple Choice

To achieve long-term prosperity,strategic planners commonly establish objectives in which of the following?

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Profitability, employee relations and social responsibility

Acceptability

Flexibility

Joint ventures only

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Question 7

Multiple Choice

To achieve long-term prosperity,strategic managers commonly establish long-term objectives in seven areas.Which of the following describes one of these areas?

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Technological leadership

Technological innovation

Social change

Marketing

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Question 8

Multiple Choice

Competitive position as a measure of corporate success is typically measured as:

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The input-output relationship of the company

The earnings per share of the company

The company's relative dominance in the marketplace

The firm's stock value

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Question 9

Multiple Choice

Larger firms often establish an objective by which to gauge their comparative ability for growth and profitability.This is often stated in terms of:

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Competitive product line

Competitive position

Product innovation

Competitive edge

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Question 10

Multiple Choice

Establishing objectives for minority training is an example of which type of long-term objective?

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Competitive position

Employee development

Social responsibility

Productivity

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Question 11

Multiple Choice

Safety programs,employee stock option plans and worker representation on management committees are all commonly directed toward achieving which type of long-term objectives?

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Employee relations

Public responsibility

Employee development

Competitive position

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Question 12

Multiple Choice

Which of the following does NOT describe a good objective?

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Flexible

Acceptable

Marketable

Achievable

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Question 13

Multiple Choice

Flexibility is usually increased at the expense of:

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Reliability

Timeliness

Specificity

Mobility

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Question 14

Multiple Choice

Which of the following is NOT a fundamental criterion for a long-term objective?

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Acceptable

Sustainable

Measurable

Suitable

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Question 15

Multiple Choice

Which of the following qualities of an objective improves its chances of being attained?

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Timeliness

Flexibility

Cost efficiency

Ground breaking

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Question 16

Multiple Choice

"To achieve our vision,how will we sustain our ability to change and improve?" is part of which perspective in the Balanced Scorecard?

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Financial

Customer

Learning and growth

Internal business process

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Question 17

Multiple Choice

Which one of the following is NOT a perspective found in the Balanced Scorecard?

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Stakeholder performance

Financial performance

Customer knowledge

Learning and growth

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Question 18

Multiple Choice

Which of the following is a generic strategy developed by Michael Porter?

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Market development

Differentiation

Liquidation

Innovation

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Question 19

Multiple Choice

A properly constructed Balanced Scorecard is balanced between:

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Short and long-term measures

Stakeholder financial measures

Organizational and stakeholder performance perspectives

Pricing and packaging of the firm's products

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Question 20

Multiple Choice

Striving to create and market unique products for varied customer groups is called:

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Cost leadership

Differentiation

Focus

Concentrated growth

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