Midterm Exam on Strategic Management

Midterm Exam on Strategic Management

University

30 Qs

quiz-placeholder

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Midterm Exam on Strategic Management

Midterm Exam on Strategic Management

Assessment

Quiz

Professional Development

University

Practice Problem

Medium

Created by

Jolina Reyes

Used 10+ times

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30 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

According to Peter Drucker, answering the question "What is our business?" is the first responsibility of strategists.

True

False

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When developing a vision statement, input should be received from as many managers as possible

True

False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A small nonprofit organization would probably develop a vision statement but not a mission statement.

True

False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

According to Campbell and Yeung, the process of developing a mission statement should create an "emotional bond" and "sense of mission" between the organization and its employees

True

False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Research has failed to find a positive relationship between mission statements and organizational performance.

True

False

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When a company has been successful, the question "What is our business?" becomes less important.

True

False

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Having a clear mission and vision can provide a basis for a company's internal and external assessments.

True

False

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