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Strategic Management Quiz

Authored by Adolfo Jr.

Business

University

Used 6+ times

Strategic Management Quiz
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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the basic function of management according to Harold Koontz?

Organizing

Directing

Staffing

Planning

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the purpose of strategic planning according to Igor Ansoff?

To delegate planning to a planner

To measure performance

To review external and internal factors

To exploit and create new opportunities

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the process of developing a vision and mission statement, identifying the organization's SWOT, and establishing long-term objectives called?

Strategy Evaluation

Strategy Implementation

Resource-Based Model

Strategy Formulation

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the term used to describe any activity a firm does specifically well compared to activities of other companies?

Long-Term Objectives

Goals

Competitive Advantage

Strategists

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the three fundamental strategy evaluation activities?

Recruiting, Controlling, Evaluating

Developing, Redirecting, Linking

Reviewing, Measuring Performance, Taking Corrective actions

Planning, Organizing, Directing

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the term used to describe the individuals responsible for an organization's success or failure?

Strategists

Competitive Advantage

Goals

Long-Term Objectives

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the term used to describe the specific results that the organization seeks in pursuing its basic mission?

Annual Strategies

Objectives

Goals

Long-Term Objectives

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