Description : Developing a vision and mission, identifying an organization's external opportunities and threats, and determining internal strengths and weaknesses are all __________ activities. a. strategy-formulation b. strategy-implementation c. long-range planning d. short-range planning
Last Answer : strategy-formulation
Description : Developing a Vision and Mission, identifying an Organization’s external opportunities & threats and determining internal strengths & weaknesses are all -------------- activities : A. Strategy Formulation B. Strategy Implementation C. Long-range Planning D. Short-range Planning
Last Answer : Strategy Formulation
Description : Strategy Formulation, Implementation and Evaluation activities occur at three hierarchical levels in a large diversified Organization: Corporate, Divisional and Functional
Last Answer : True
Description : The primary focus of Strategic Management is : A. Strategic Analysis B. The total Organization C. Strategy formulation D. Strategy implementation
Last Answer : The total Organization
Description : Many Organizations mistakenly spend more time and effort on the implementation of a Plan than on the formulation of the Plan itself
Last Answer : False
Description : The fundamental purpose for the existence of any organization is described by its A. policies B. mission C. procedures D. strategy
Last Answer : mission
Description : To find out what an organization's strategy is, you should: a) Read the mission statement b) Look at what the organization actually does c) Read the strategic plan d) Ask the CEO
Last Answer : Look at what the organization actually does
Description : In the marketing planning cycle, the first stage is: A)implementation of the marketing plan. B)revision or formulation of marketing strategy. C)development or revision of marketing objectives ... opportunities and resources. E)development or revision of the plan for implementation and control.
Last Answer : C)development or revision of marketing objectives
Description : In the marketing planning cycle, the final stage is: A)implementation of the marketing plan. B)revision or formulation of marketing strategy. C)development or revision of marketing objectives ... opportunities and resources. E)development or revision of the plan for implementation and control.
Last Answer : A)implementation of the marketing plan.
Description : Annual Objectives are especially important in Strategy Formulation
Description : Resource Allocation is included in Strategy Formulation
Description : A sustainable competitive advantage requires that: Select one: a. Other companies are not able to duplicate the strategy b. The value creating strategy be in a formulation stage c. Average returns be earned by the company d. Competitors are simultaneously implementing the strategy.
Last Answer : Other companies are not able to duplicate the strategy
Description : What is NOT a ‘Critical Tasks of Strategic Management? A. Formulate the company’s mission B. Select a set of short-term objectives that will achieve the most desirable results C. Conduct an internal analysis D. Assess the external environment – competitive and general contexts
Last Answer : Select a set of short-term objectives that will achieve the most desirable results
Description : Which of the following are not so easy for management to influence and change during strategy implementation? A. Style of Leadership B. Strategy C. Systems D. Structure
Last Answer : Style of Leadership
Description : Which of the following are easier for management to influence and change during strategy implementation? A. Staffing B. Style of Leadership C. Structure D. Skills
Last Answer : Structure
Description : The final stage in Strategic Management is Strategy implementation
Description : Strategy implementation is often considered to be the most difficult stage in the Strategic Management process because it requires personal discipline, commitment and sacrifice
Description : Strategic drift is…. A. When strategies progressively fail to address the environmental dynamics, and performance deteriorates. B. Mismatch between Vision Statement and Value Statement C. Mismatch between Vision Statement and Mission Statement D. Mismatch between Mission Statement and Resources
Last Answer : When strategies progressively fail to address the environmental dynamics, and performance deteriorates.
Description : Identifying an Organization’s existing Vision, Mission, Objectives and Strategies is the final step for the Strategic Management Process
Description : A Vision statement answers the Question: “What is our Business?” whereas a Mission statement answers: “What do we want to become?
Description : The _________ answers the question "What do we want to become?" whereas _________answers the question "What is our business?" a. vision statement; mission statement b. short-term objectives; long-term objectives c. objectives; strategies d. mission; vision
Last Answer : vision statement; mission statement
Description : The means by which long-term objectives will be achieved are a. mission statements b. strategies. c. vision statements. d. long-term goals
Last Answer : strategies
Description : An Organization’s general expression of it’s overall purpose is known as it’s: A. Objectives B. Vision C. Culture D. Mission
Last Answer : Mission
Description : The means by which long-term objectives achieved are --------------- : A. Mission statements B. Strategies C. Vision statements D. long-term goals
Last Answer : Strategies
Description : Like root of a tree ____________ of a organisation is hidden from direct view a. All of the below b. Mission Statement c. Strategy d. Core Competance
Last Answer : Core Competance
Description : This statement does not apply to the ‘Company Mission Statement’. A. Short B. Memorable C. Future Casting D. All of these options apply
Last Answer : Future Casting
Description : This statement does not apply to the ‘Company Mission Statement’. A. Short B. Memorable C. Future Casting D. All of these options apply.
Description : A clear Mission statement describes the Values and Priorities of an Organization
Description : The Mission of the Organization only identifies the scope of the Company’s Operations in terms of Products offered and Markets served
Description : The fundamental purpose of an Organization’s Mission statement is to : A. Create a good human relations climate in the Organization B. Define the Organization’s purpose in Society C. Define the operational structure of the Organization D. Generate good public relations for the Organization
Last Answer : Define the Organization’s purpose in Society
Description : Strategic planning: (a) Addresses the organization's basic mission or business, issuing broad statements of purpose or direction that have a long lead time. (b) Involves managers in each unit of ... overall plans of the organization. (d) Determines the day-to-day operations within an organization.
Last Answer : (a) Addresses the organization's basic mission or business, issuing broad statements of purpose or direction that have a long lead time.
Description : This statement does not apply to the ‘Company Vision Statement’. A. Audacious B. Time Bound C. Future Casting D. All of these options apply
Last Answer : All of these options apply
Description : This statement does not apply to the ‘Company Vision Statement’. A. Audacious B. Time Bound C. Future Casting D. All of these options apply.
Last Answer : All of these options apply.
Description : A “Learning Organization” requires ----------- : A. A stable Hierarchy B. A shared Vision and Culture that is challenging and questioning C. A questioning culture D. Knowledge management systems
Last Answer : A shared Vision and Culture that is challenging and questioning
Description : What does Strategy describe? A. The general direction in which an organization plans to move to attain its goals B. Framework for managerial decisions C. Leveraging strengths to gain competitive advantage D. All of these options
Last Answer : All of these options
Description : The fundamental purpose for the existence of any organization is described by its a. policies b. mission c. procedures d. Strategy
Description : Four major areas can be identified as being subjected to change in BPR are as follows: A. organization, technology, strategy, and people B. organization,infrastructure,resources,people C. technology,finance,machines,people D. strategy,technology,methods,organization
Last Answer : A. organization, technology, strategy, and people
Description : Power based upon identification with a person who has desirable resources or personal traits is known as (a) Coercive power ; (b) Legitimate power ; (c) Expert power ; (d) Referent power
Last Answer : (d) Referent power
Description : Which is one of the most critical steps in the ERP implementation? A. Creation of Organisational Model B. Creation of Integrated Data Model C. Creation of Business Model D. Creation of Data Model
Last Answer : B. Creation of Integrated Data Model
Description : The _________ should plan well and execute perfectly the implementation of ERP. A. Organisation B. System developers C. Vendors D. Top Management
Last Answer : B. System developers
Description : ------------ is a condition in which the decision maker chooses a course of action without complete knowledge of the consequences that will follow implementation. (a) Risk ; (b) Uncertainty ; (c) Ambiguity ; (d) Accuracy
Last Answer : (b) Uncertainty ;
Description : Employee recognition can: (a) Be a strong motivator. ; (b) Lead to unrealistic expectations. ; (c) Help with MBO program implementation. ; (d) Assist with goal setting.
Last Answer : (a) Be a strong motivator. ;
Description : Subsidiaries consider the regional environment for policy or Strategy formulation is known as _____. a. Polycentric Approach b. Regiocentric Approach c. Ethnocentric Approach d. Geocentric Approach
Last Answer : Regiocentric Approach
Description : Subsidiaries consider regional environment for policy / Strategy formulation is known as A. Polycentric Approach B. Regio centric Approach C. Ethnocentric Approach D. Geocentric Approach
Last Answer : Polycentric Approach
Last Answer : . Polycentric Approach
Description : Subsidiaries consider regional environment for policy / Strategy formulation is known as A. Polycentric Approach B. Regiocentric Approach C. Ethnocentric Approach D. Geocentric Approach
Last Answer : B. Regiocentric Approach