FSSM

Which is not a part of strategy implementation?

• STRATEGIC LEADERSHIP

• STRUCTURE AND CONTROL

• Entrepreneurship & Innovation

• International Strategy

WHO are the individuals who are most responsible for the success or failure of an organization.

• STRATEGIST

• OPERATIVES

• CONSULTANT

• ETHICS OFFICER

All of these are pitfalls an organization should avoid in strategic planning, except:

• Using strategic planning to gain control over decisions and resources.

• Failing to involve key employees in all phases of planning.

• Hastily moving from mission development to strategy formulation.

• Using plans as a standard for measuring performance.

........................is the process by which a firm manages the formulation and implementation of its strategy.

• Strategic Management

• Economic Logic

• Micro-Management

• Total Quality Management

Which one is not a part of strategy formulation?

• Which one is not a part of strategy formulation?

• Corporate level strategy

• Competitive dynamics

• Corporate governance

A disadvantage of international operations is:

• competitors in foreign markets may not exist

• Language, culture, and value systems differ among countries, causing communication barriers and problems in managing people

• Economies of scale can be achieved from operation in global rather than solely domestic markets.

• Foreign operations can allow firms to establish low-cost production facilities in locations close to raw materials and/or cheap labor

Which of these requires a firm to establish annual objectives, devise policies, and allocate resources?

• Strategy formulation

• Strategy implementation

• Strategy evaluation

• Strategy manipulation

The action stage of strategic management is called strategy formulation.

• TRUE

• FALSE

Anything that a firm does especially well compared to rival firms is referred to as:

• Competitive advantage

• Comparative advantage

• An external opportunity

• Opportunity cost

The process of conducting research and gathering and assimilating external information is called:

• Mission development

• Industry analysis

• Long-range planning

• Lobbying