strategic management

strategic management

University

24 Qs

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strategic management

strategic management

Assessment

Quiz

English

University

Practice Problem

Medium

Created by

liezell RIoflorido

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24 questions

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1.

FILL IN THE BLANK QUESTION

1 min • 1 pt

includes the comparison of the threats and opportunities of the organization in the external business environment. 

Can be affected by factors like government rules and regulations, the economy, social changes, change in customer preferences, technological advancement, competition, and other environmental factors.

2.

FILL IN THE BLANK QUESTION

1 min • 1 pt

The outcomes of the planned functions and it should lead to the fulfillment of the company's mission.

3.

FILL IN THE BLANK QUESTION

1 min • 1 pt

Broad master plan expressing how a company will accomplish its mission and objectives.

4.

FILL IN THE BLANK QUESTION

1 min • 1 pt

A comprehensive guideline for making decisions linking the formation and implementation of a strategy.

5.

FILL IN THE BLANK QUESTION

1 min • 1 pt

Taking action in order to attain the goals of the organization.  It requires organizing all the available and necessary resources to put the strategy into action.

6.

FILL IN THE BLANK QUESTION

1 min • 1 pt

It requires an evaluation of the strategy to ascertain whether the actual outcome matches the expected outcome of the organizational goals.  The company can decide to take different corrective actions to control the shortcomings (if any) and help the strategy to meet the desired organizational goals and objectives.

7.

FILL IN THE BLANK QUESTION

1 min • 1 pt

Gives a picture about what an organization must get into immediately to maximize opportunities and overcome threats.  Helps management to emphasize and concentrate on priorities that can influence an organization's resource potential and core competencies to achieve what may seem unachievable goals given its competitive environment

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