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Strategic Management

20 Questions  I  By Vijaynegi
Management Quizzes & Trivia
Multiple Choice Questions: Strategic Management

  
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Question Excerpt

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1.  A disadvantage of international operations is:
A.
B.
C.
D.
2.  The two most critical questions that __________ strategy must address are how a company will achieve its objectives today, when other firms may be competing to satisfy the same customer's needs and how the firm plans to compete in the future.
A.
B.
C.
D.
3.  All of these are pitfalls an organization should avoid in strategic planning except:
A.
B.
C.
D.
4.  The process of conducting research and gathering and assimilating external information is called:
A.
B.
C.
D.
5.  Which of the following is not one of the three fundamental questions addressed by corporate strategy?
A.
B.
C.
D.
6.  Which one is not a part of strategy formulation?
A.
B.
C.
D.
7.  Which of these requires a firm to establish annual objectives, devise policies, and allocate resources?
A.
B.
C.
D.
8.  The action stage of strategic management is called strategy formulation.
A.
B.
9.  __________ are the individuals who are most responsible for the success or failure of an organization.
A.
B.
C.
D.
10.  Anything that a firm does especially well compared to rival firms is referred to as:
A.
B.
C.
D.
11.  Which is not a part of strategy implementation?
A.
B.
C.
D.
12.  Which is not a part of international strategy lifecycle?
A.
B.
C.
D.
13.  Which of the following statements regarding strategy formulation and strategy implementation is the most accurate?
A.
B.
C.
D.
14.  The problem of limited resources within a firm makes ______________ particularly important as the firm decides how to allocate its resources.
A.
B.
C.
D.
15.  ________ is the process by which a firm manages the formulation and implementation of its strategy.
A.
B.
C.
D.
16.  The five elements of the strategy diamond are technologies, vehicles, differentiators, staging, and economic logic.
A.
B.
17.  The term _________ is used to refer to strategy formulation, implementation, and evaluation, with _________referring only to strategy formulation.
A.
B.
C.
D.
18.  The term strategic planning refers only to strategy formulation.
A.
B.
19.  Within the strategy diamond ______ refer(s) to decisions about the areas in which a firm will be active including its products, services, distribution channels, market segments, geographic areas, technologies, and even stages of the valuecreation process
A.
B.
C.
D.
20.  All of the following are elements of the strategy diamond except
A.
B.
C.
D.
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