Strategic Management First Quiz

Strategy is a Simple concept that involves many different processes and activities within an organization.

• True

• False

Henry Mintzberg 5P's Model are

• Plan, Place, Position, Promotion , Ploy

• Place, Position, Product, Promotion, Ploy

• Plan, Perspective, Pattern, Product, Position

• Plan, Ploy, Pattern, Position, Perspective

Strategy as a Ploy is

• a specific move designed to outwit or trick competitors

• the degree of consistency in a firm’s strategic actions

• a firm’s place in the industry relative to its competitors

• how executives interpret the competitive landscape around them

Strategy as a Perspective is

• a firm’s place in the industry relative to its competitors

• the degree of consistency in a firm’s strategic actions

• how executives interpret the competitive landscape around them

• a carefully crafted set of steps that a firm intends to follow in order to be successful

Strategy as a Pattern is

• a firm’s place in the industry relative to its competitors

• the degree of consistency in a firm’s strategic actions

• how executives interpret the competitive landscape around them

• a specific move designed to outwit or trick competitors

Intended Strategy is

• is an Expression of desired strategic direction deliberately formulated or planned by managers

• comes about through everyday routines, Activities and processes in organization

• the strategy actually being followed by an Organization in practice

• a complex concept that involves many different processes and activities within an organization.

emergent strategy is

• is an Expression of desired strategic direction deliberately formulated or planned by managers

• comes about through everyday routines, Activities and processes in organization

• the strategy actually being followed by an Organization in practice

• process that requires the ability to manage change.

Realized strategy is

• is an Expression of desired strategic direction deliberately formulated or planned by managers

• the strategy actually being followed by an Organization in practice

• comes about through everyday routines, Activities and processes in organization

• a complex concept that involves many different processes and activities within an organization.

Strategic management is

• 1. a process that requires the ability to manage change.

• 2. the Process involves Understanding Strategy , Strategy Formulation, Strategy Implementation, Strategy

• 3. the Process involves Understanding Strategy , Environmental & Internal Scanning Strategy Formulation, Strategy Implementation.

• 1,2,3 are correct

• 1,3 are correct

Strategic management stages are

• Internal and external environmental scanning

  Strategy formulation

  Strategy implementation

  Evaluation and control

• All answers are correct

• Understanding Strategy , Environmental scanning, Managing resources, Formulation Strategy , Implementation Strategy , Audit , Feedback

• Understanding Strategy , Environmental scanning, Managing resources, Formulation Strategy , Implementation Strategy , Audit.