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Strategic Management Quiz 1

Authored by Siti Suhana A.

Business

University

20 Questions

Used 5+ times

Strategic Management Quiz 1
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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the stages of Strategic Management?

Strategy formulation > Strategy evaluation > Strategy implementation

Strategy formulation > Strategy implementation > Strategy evaluation

Strategy evaluation > Strategy implementation > Strategy formulation

Strategy evaluation > Strategy formulation > Strategy implementation

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Among the following, which is TRUE for Strategy Formulation?

Developing a vision and mission

Establishing long-term objectives

Determining internal strengths and weaknesses

All of the above

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Strategy Evaluation is often called the action stage. True or False?

True

False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which is NOT a fundamental activity for Strategy Evaluation?

Reviewing external and internal factors that are the bases for current strategies

Measuring performance

Allocate resources so that formulated strategies can be executed

Taking corrective actions

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Enhanced communication > Deeper/ Improved understanding > X > The result. Above are benefits to a firm that does strategic planning. What is X?

Greater commitment

Greater participation

Greater success rate

All of the above

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Strategic planning enable a firm to develop deeper/improved understanding of others' views and what the firm is doing/planning and why. True or False?

True

False

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Among the following, which is the reason that some firms do no strategic planning?

No formal training in strategic management

No punishment for not planning

No monetary rewards for doing planning

All of the above

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