Annual Objectives are especially important in Strategy Formulation

Annual Objectives are especially important in Strategy Formulation
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Strategy Formulation, Implementation and Evaluation activities occur at three hierarchical levels in a large diversified Organization: Corporate, Divisional and Functional

Description : Strategy Formulation, Implementation and Evaluation activities occur at three hierarchical levels in a large diversified Organization: Corporate, Divisional and Functional

Last Answer : True

Resource Allocation is included in Strategy Formulation

Description : Resource Allocation is included in Strategy Formulation

Last Answer : True

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 stagec. Average returns be earned by the companyd. Competitors are simultaneously implementing the strategy.

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

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

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

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

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

A possible and desirable future state of an Organization is called --------------- : A. Mission B. Vision C. Strategy Implementation D. Strategy Formulation

Description : A possible and desirable future state of an Organization is called --------------- : A. Mission B. Vision C. Strategy Implementation D. Strategy Formulation

Last Answer : Vision

The primary focus of Strategic Management is : A. Strategic Analysis B. The total Organization C. Strategy formulation D. Strategy implementation

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

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 D)assessment of marketing opportunities and resources. E)development or revision of the plan for implementation and control.

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

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 D)assessment of marketing opportunities and resources. E)development or revision of the plan for implementation and control.

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.

Annual Objectives are long-term milestones that Organizations must achieve to reach short-term Objectives

Description : Annual Objectives are long-term milestones that Organizations must achieve to reach short-term Objectives

Last Answer : False

________________ is a set of competitive moves to achieve organizational objectives? A. Competitive Analysis B. Strategy C. Management D. None of the above

Description : ________________ is a set of competitive moves to achieve organizational objectives? A. Competitive Analysis B. Strategy C. Management D. None of the above

Last Answer : Strategy

Many Organizations mistakenly spend more time and effort on the implementation of a Plan than on the formulation of the Plan itself

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

The project life cycle consists of (A) Understanding the scope of the project (B) Objectives of the project (C) Formulation and planning various activities (D) All of the above

Description : The project life cycle consists of (A) Understanding the scope of the project (B) Objectives of the project (C) Formulation and planning various activities (D) All of the above

Last Answer : (D) All of the above

The project life cycle consists of (A)Understanding the scope of the project (B)Objectives of the project (C)Formulation and planning various activities (D)All of the above

Description : The project life cycle consists of (A)Understanding the scope of the project (B)Objectives of the project (C)Formulation and planning various activities (D)All of the above

Last Answer : (D)All of the above

The project life cycle consists of A. Understanding the scope of the project B. Objectives of the project C. Formulation and planning various activities D. All of the above

Description : The project life cycle consists of A. Understanding the scope of the project B. Objectives of the project C. Formulation and planning various activities D. All of the above

Last Answer : D. All of the above

When a researcher is engaged in research in a subjective manner, the result will be Options: A) inadequate formulation of objectives B) inadequate selection of apparatus C) inadequate collection of data D) All of the above

Description : When a researcher is engaged in research in a subjective manner, the result will be Options: A) inadequate formulation of objectives B) inadequate selection of apparatus C) inadequate collection of data D) All of the above

Last Answer : D) All of the above

In the process of conducting research ‘Formulation of Hypothesis” is followed by (A) Statement of Objectives (B) Analysis of Data (C) Selection of Research Tools (D) Collection of Data

Description : In the process of conducting research ‘Formulation of Hypothesis” is followed by (A) Statement of Objectives (B) Analysis of Data (C) Selection of Research Tools (D) Collection of Data

Last Answer : (B) Analysis of Data 

Taylor and Deming would have both agreed that (a) Whirlpool's global strategy is a good one (b) Eli Whitney was an important contributor to statistical theory (c) Management must do more to improve the work environment and its processes so that quality can be improved (d) The era of Operations Management will be succeeded by the era of scientific management

Description : Taylor and Deming would have both agreed that (a) Whirlpool's global strategy is a good one (b) Eli Whitney was an important contributor to statistical theory (c) Management must do more to ... be improved (d) The era of Operations Management will be succeeded by the era of scientific management

Last Answer : (c) Management must do more to improve the work environment and its processes so that quality can be improved

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

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

Subsidiaries consider regional environment for policy / Strategy formulation is known as A. Polycentric Approach B. Regio centric Approach C. Ethnocentric Approach D. Geocentric 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

Subsidiaries consider regional environment for policy / Strategy formulation is known as A. Polycentric Approach B. Regio centric Approach C. Ethnocentric Approach D. Geocentric 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

Subsidiaries consider regional environment for policy / Strategy formulation is known as A. Polycentric Approach B. Regiocentric Approach C. Ethnocentric Approach D. Geocentric 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

Anything the Firm does especially well compared to rival Firms could be considered a Competitive Advantage

Description : Anything the Firm does especially well compared to rival Firms could be considered a Competitive Advantage

Last Answer : True

The establishment of the overall audit strategy involves a. Determining the characteristics of the engagement that defines its scope.b. Ascertaining the reporting objectives of the engagement to plan the timing of the audit and the nature of the communications required. c. Considering the important factors that will determine the focus of the engagement team's efforts. d. All of the answers

Description : The establishment of the overall audit strategy involves a. Determining the characteristics of the engagement that defines its scope. b. Ascertaining the reporting objectives of the engagement to plan the timing ... will determine the focus of the engagement team's efforts. d. All of the answers

Last Answer : All of the answers

The establishment of an overall audit strategy involves I. Determining the characteristics of the engagement that define its scope. II. Ascertaining the reporting objectives of the engagement to plan the timing of the audit and the nature of the communications required. III. Considering the important factors that will determine the focus of the engagement team's efforts. a. I and II only b. I and III only c. II and III only d. I, II, and III

Description : The establishment of an overall audit strategy involves I. Determining the characteristics of the engagement that define its scope. II. Ascertaining the reporting objectives of the engagement to plan the timing of the audit and the ... II only b. I and III only c. II and III only d. I, II, and III

Last Answer : I, II, and III

Do you get written objectives from your boss at the beginning of the year and does your salary or bonus depend on this?

Description : Do you get written objectives from your boss at the beginning of the year and does your salary or bonus depend on this?

Last Answer : I get written objectives from my boss, although they tend to be more subjective than objective. I'm a software engineer, and it's impossible to predict what projects I'll be working on in a year, and ... the team's goals to line up with the company's goals. The more transparent this is, the better.

Research design of a study should not include (i) Objectives (ii) Hypothesis (iii) Findings (iv) Blue print of Research

Description : Research design of a study should not include (i) Objectives (ii) Hypothesis (iii) Findings (iv) Blue print of Research

Last Answer : (iii) Findings

Quantitative data refers to (i) Graphs and tables (ii) Any data you present in your report (iii) Statistical analysis (iv) Numerical data that could be useful to answer your research question(s) and to meet your Objectives

Description : Quantitative data refers to (i) Graphs and tables (ii) Any data you present in your report (iii) Statistical analysis (iv) Numerical data that could be useful to answer your research question(s) and to meet your Objectives

Last Answer : (iv) Numerical data that could be useful to answer your research question(s) and to meet your Objectives

The main objectives of First Aid? a. To preserve life b. To prevent the victims condition from worsening c. To promote recovery d. All the above

Description : The main objectives of First Aid? a. To preserve life b. To prevent the victims condition from worsening c. To promote recovery d. All the above

Last Answer : d. All the above

Disaster management is aimed ata. Resettling people in the closest unaffected urban area b. Collection of valuable data for future management objectives c. Strengthening sewage and drinking water treatment facilities to resist the impact of a future disaster d. Restoring a communitys services, facilities and residences to pre-disaster levels

Description : Disaster management is aimed ata. Resettling people in the closest unaffected urban area a. Resettling people in the closest unaffected urban area b. Collection of valuable data for future ... a future disaster d. Restoring a communitys services, facilities and residences to pre-disaster levels

Last Answer : d. Restoring a communitys services, facilities and residences to pre-disaster levels

Which statement is true, with respect to ‘Corporate Level Managers’ (CEO’s, VP’s etc)? A. Translate action-oriented, corporate level direction and intent into concrete objectives and strategies for SBU’s. B. Demand a high level of Technical Skills C. Demand a high level of Human Skills D. None of these options

Description : Which statement is true, with respect to Corporate Level Managers' (CEO's, VP's etc)? A. Translate action-oriented, corporate level direction and intent into concrete objectives and strategies for SBU' ... level of Technical Skills C. Demand a high level of Human Skills D. None of these options

Last Answer : None of these options

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

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

Identifying an Organization’s existing Vision, Mission, Objectives and Strategies is the final step for the Strategic Management Process

Description : Identifying an Organization’s existing Vision, Mission, Objectives and Strategies is the final step for the Strategic Management Process

Last Answer : False

Objectives should be measurable, challenging, reasonable, consistent and clear

Description : Objectives should be measurable, challenging, reasonable, consistent and clear

Last Answer : True

In a multi-divisional Firm , Objectives should be established for the overall Company and not for each Division

Description : In a multi-divisional Firm , Objectives should be established for the overall Company and not for each Division

Last Answer : False

The final step in Strategic Management process is implementing the Objectives Answer : False

Description : The final step in Strategic Management process is implementing the Objectives Answer : False

Last Answer : False

Which statement is true, with respect to ‘Corporate Level Managers’ (CEO’s, VP’s etc)? A. Translate action-oriented, corporate level direction and intent into concrete objectives and strategies for SBU’s. B. Demand a high level of Technical Skills C. Demand a high level of Human Skills D. None of these options

Description : Which statement is true, with respect to Corporate Level Managers' (CEO's, VP's etc)? A. Translate action-oriented, corporate level direction and intent into concrete objectives and strategies for SBU' ... level of Technical Skills C. Demand a high level of Human Skills D. None of these options

Last Answer : None of these options

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 analysisD. Assess the external environment – competitive and general contexts

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

Why do alliances between a large Western multinational firm and an emerging economy firm often fail? a) The cultural gap between partners is too large. b) The partner objectives are very divergent. c) The company size of partners is very different. d) The organizational cultures of partners are different

Description : Why do alliances between a large Western multinational firm and an emerging economy firm often fail? a) The cultural gap between partners is too large. b) The partner objectives are very ... The company size of partners is very different. d) The organizational cultures of partners are different

Last Answer : The partner objectives are very divergent.

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

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

The means by which long-term objectives will be achieved are a. mission statements b. strategies. c. vision statementsd. long-term goals.

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

An Organization’s general expression of it’s overall purpose is known as it’s: A. Objectives B. Vision C. Culture D. Mission

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

The Strategic Management process is the way in which Strategists determine Objectives & -- A. Make document recording B. Make Coordinating C. Make Strategic Decisions D. Make Planning

Description : The Strategic Management process is the way in which Strategists determine Objectives & -- A. Make document recording B. Make Coordinating C. Make Strategic Decisions D. Make Planning

Last Answer : Make Strategic Decisions

The means by which long-term objectives achieved are --------------- : A. Mission statements B. Strategies C. Vision statements D. long-term goals

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

What are the means by which long-term objectives could be achieved? A. Strategies B. Policies C. Strengths D. Opportunities

Description : What are the means by which long-term objectives could be achieved? A. Strategies B. Policies C. Strengths D. Opportunities

Last Answer : Strategies

---------------is the ability of influencing people to strive willingly for mutual objectives (a) Motivation ; (b) Control ; (c) Leadership ; (c) Supervision

Description : ---------------is the ability of influencing people to strive willingly for mutual objectives (a) Motivation ; (b) Control ; (c) Leadership ; (c) Supervision

Last Answer :  (c) Leadership ;

What sort of goals does Management By Objectives (MBO) emphasize? (a) Tangible, verifiable and measurable ; (b) Achievable, controllable and profitable (c) Challenging, emotional and constructive ; (d) Hierarchical, attainable and effective

Description : What sort of goals does Management By Objectives (MBO) emphasize? (a) Tangible, verifiable and measurable ; (b) Achievable, controllable and profitable (c) Challenging, emotional and constructive ; (d) Hierarchical, attainable and effective

Last Answer : (a) Tangible, verifiable and measurable ;

Which of the following statements would a Theory X manager consider to be true? (a) The average person can learn to accept and even seek responsibility (b) Employees will shirk responsibility (c) Employees will exercise self-direction if they are committed to the objectives (d) Employees view work as being as natural as play

Description : Which of the following statements would a Theory X manager consider to be true? (a) The average person can learn to accept and even seek responsibility (b) Employees will shirk responsibility (c) ... if they are committed to the objectives (d) Employees view work as being as natural as play

Last Answer : C) Employees will exercise self-direction if they are committed to the objective

__________ is the process of using the resources and personnel of an organization in an orderly way to achieve the objectives and long-term goals of the organization. (a) Planning ; (b) Organizing ; (c) Leading ; (c) Controlling

Description : __________ is the process of using the resources and personnel of an organization in an orderly way to achieve the objectives and long-term goals of the organization. (a) Planning ; (b) Organizing ; (c) Leading ; (c) Controlling 

Last Answer : (b) Organizing ;

The SWOT approach assesses an organization's (a) Speed, Wants, Order, Timing ; (b) Structure, Workforce, Organization, Types (b) Strengths, Weaknesses, Opportunities, Threats. ; (d) Signs, Worries, Objectives, Techniques

Description : The SWOT approach assesses an organization's (a) Speed, Wants, Order, Timing ; (b) Structure, Workforce, Organization, Types (b) Strengths, Weaknesses, Opportunities, Threats. ; (d) Signs, Worries, Objectives, Techniques

Last Answer : (b) Strengths, Weaknesses, Opportunities, Threats. ;