Strategic Management

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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

Which of the following is an element of a firm's remote external environment?

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Competition

Suppliers

Government agencies

Economic and social conditions

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Question 2

Free

Multiple Choice

Which of the following is NOT a part of a firm's immediate external environment?

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Technological development

Competitors

Suppliers

Government agencies

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Question 3

Free

Multiple Choice

The _______ comprises economic and social conditions,political priorities and technological developments,all of which must be anticipated,monitored,assessed and incorporated into the executive's decision making.

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Remote external environment

Task environment

Operating environment

Internal environment

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Question 4

Free

Multiple Choice

The set of decisions and actions that result in the formulation and implementation of plans designed to achieve a company's objectives is defined as:

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Strategic policy

Business policy

Strategic management

Tactics

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Question 5

Free

Multiple Choice

Strategic management compromises nine critical tasks.Which of the following is NOT one of the tasks?

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Development of medium-term objectives compatible with grand strategies

Assessment of the company's external environment

Selection of a particular set of long-term objectives and grand strategies

Evaluate the success of the strategic process

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Question 6

Multiple Choice

Strategic management involves the _ ,directing, _ and controlling of a company's strategy-related decisions and actions.

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Financing; marketing

Planning; financing

Marketing; planning

Planning; organizing

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Question 7

Multiple Choice

Large-scale,future-oriented plans,for interacting with the competitive environment to achieve company objectives refers to its

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Strategy

Goals

Competitive analysis

Dynamic policies

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Question 8

Multiple Choice

A strategy is a company's

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Game plan

Pricing policy

Value statement

Long-term objective

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Question 9

Multiple Choice

A _____ is a company's game plan.

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Strategy

Pricing policy

Value statement

Long-term objective

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Question 10

Multiple Choice

A(n) _____ provides a framework for managerial decisions.

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Vision

Organizational structure

Strategy

Long-term objective

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Question 11

Multiple Choice

A(n)strategy reflects a company's awareness of how,when and where is should __ ,against whom it should _ and for what purpose it should ___ .

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cooperate

ally

compete

plan

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Question 12

Multiple Choice

Strategic issues require which level of management decisions?

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Operative

Top

Front-line

Middle

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Question 13

Multiple Choice

Strategic decisions ostensibly commit the firm for

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1-2 years

The short term

3-4 years

A long time, typically five years

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Question 14

Multiple Choice

Strategic issues require large amounts of the company's

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strengths

opportunities

suppliers

resources

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Question 15

Multiple Choice

Some business decisions are strategic and therefore deserve strategic management attention.Which of the following is one of the six strategic issue dimensions?

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Requires front-line employee decisions

Is not likely to have a significant impact on long-term prosperity of the firm

Necessitates considering factors in the firm's external environment

Is spontaneous

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Question 16

Multiple Choice

Which of the following applies to strategic issues?

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Consider only the firm's external environment

Are future oriented

Concern allocation of insignificant amounts of company resources

Do not have long-term impact on the firm's prosperity

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Question 17

Multiple Choice

Strategic issues are ____ oriented.

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future

present

past

timelessly

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Question 18

Multiple Choice

Strategic decisions are based on what managers _ ,rather than on what they _ .

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Forecast; know

React to; anticipate

Know; forecast

Compromise with; analyze

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Question 19

Multiple Choice

All businesses exist in a(n) _____ system.

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open

closed

insular

protected

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Question 20

Multiple Choice

Strategic decisions have ______ effects on firms.

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Temporary

Short-lived

Enduring

Limited

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Strategic Management

Which of the following is an element of a firm's remote external environment?

Which of the following is NOT a part of a firm's immediate external environment?

The _______ comprises economic and social conditions,political priorities and technological developments,all of which must be anticipated,monitored,assessed and incorporated into the executive's decision making.

The set of decisions and actions that result in the formulation and implementation of plans designed to achieve a company's objectives is defined as:

Strategic management compromises nine critical tasks.Which of the following is NOT one of the tasks?

Strategic management involves the _____ ,directing, _____ and controlling of a company's strategy-related decisions and actions.

Large-scale,future-oriented plans,for interacting with the competitive environment to achieve company objectives refers to its

A strategy is a company's

A _____ is a company's game plan.

A(n) _____ provides a framework for managerial decisions.

A(n)strategy reflects a company's awareness of how,when and where is should ____ ,against whom it should _____ and for what purpose it should _____ .

Strategic issues require which level of management decisions?

Strategic decisions ostensibly commit the firm for

Strategic issues require large amounts of the company's

Some business decisions are strategic and therefore deserve strategic management attention.Which of the following is one of the six strategic issue dimensions?

Which of the following applies to strategic issues?

Strategic issues are ____ oriented.

Strategic decisions are based on what managers _____ ,rather than on what they _____ .

All businesses exist in a(n) _____ system.

Strategic decisions have ______ effects on firms.

Strategic management involves the _ ,directing, _ and controlling of a company's strategy-related decisions and actions.

A(n)strategy reflects a company's awareness of how,when and where is should __ ,against whom it should _ and for what purpose it should ___ .

Strategic decisions are based on what managers _ ,rather than on what they _ .