Strategic Management

20 Questions  I  By Vijaynegi
Multiple Choice Questions: Strategic Management

  
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Question Excerpt

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1.  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.
2.  Which of the following is not one of the three fundamental questions addressed by corporate strategy?
A.
B.
C.
D.
3.  A disadvantage of international operations is:
A.
B.
C.
D.
4.  The process of conducting research and gathering and assimilating external information is called:
A.
B.
C.
D.
5.  Which one is not a part of strategy formulation?
A.
B.
C.
D.
6.  All of these are pitfalls an organization should avoid in strategic planning except:
A.
B.
C.
D.
7.  Which is not a part of international strategy lifecycle?
A.
B.
C.
D.
8.  The term _________ is used to refer to strategy formulation, implementation, and evaluation, with _________referring only to strategy formulation.
A.
B.
C.
D.
9.  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.
10.  Anything that a firm does especially well compared to rival firms is referred to as:
A.
B.
C.
D.
11.  The action stage of strategic management is called strategy formulation.
A.
B.
12.  Which of these requires a firm to establish annual objectives, devise policies, and allocate resources?
A.
B.
C.
D.
13.  The problem of limited resources within a firm makes ______________ particularly important as the firm decides how to allocate its resources.
A.
B.
C.
D.
14.  Which is not a part of strategy implementation?
A.
B.
C.
D.
15.  Which of the following statements regarding strategy formulation and strategy implementation is the most accurate?
A.
B.
C.
D.
16.  All of the following are elements of the strategy diamond except
A.
B.
C.
D.
17.  The five elements of the strategy diamond are technologies, vehicles, differentiators, staging, and economic logic.
A.
B.
18.  The term strategic planning refers only to strategy formulation.
A.
B.
19.  ________ is the process by which a firm manages the formulation and implementation of its strategy.
A.
B.
C.
D.
20.  __________ are the individuals who are most responsible for the success or failure of an organization.
A.
B.
C.
D.
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