Strategy Evaluation

Competitive advantage is normally the result of superiority in resources, skills, or

• A) employees

• B) position

• C) consistency

• D) feasibility.

 The first activity in the strategy-evaluation process is to

• A) develop organizational goals.

• B) examine the underlying bases of a firm's strategy.

• C) compare expected results with actual results.

• D) take corrective actions to ensure that performance conforms to plans.

 A revised ________ should indicate how effective a firm's strategies have been in response to key opportunities and threats.

• A) IFE Matrix

• B) mission

• C) EFE Matrix

• x

  D) vision

A firm takes corrective actions during strategy evaluation. Which of the following is NOT a type of corrective action?

• A) Alter strategies

• B) Replace one or more key individuals

• A

  C) Revise objectives

• d) Take on more debt

Which of the following is NOT one of the perspectives from which the Balanced Scorecard allows firms to evaluate strategies?

• A) Social responsibility

• B) Financial performance

• D) Internal business processes

• E) Learning and growth

________ plans can be defined as alternative plans that can be put into effect if certain key events do not occur as expected.

• A) Evaluation

• B) Scenario

• D) Contingency

• D) Forecast

The question 'Can the strategy be attempted within the physical, human and financial resources of the firm?' is related to _______

• A) consistency

• B) consonance

• D) advantage

• E) feasibility

Competitive advantages are normally the result of superiority in one of three areas. Which of the following is one of them?

• A) Markets

• B) Products

• C) Profits

• D) Resources