Strategic management

1. 1.What are the main stages of the strategic process?

2. Tools for analyzing the external environment?

• PESTEL

• Competitive profile matrix

• Supply chain by M porter

• VRIO analysis

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

• Strategy formulation

• Strategy implementation

• Strategy manipulation

• Strategy evaluation

_________ help an organization gather, analyze, and organize

information.

• Ethics officers

• Operatives

• Lobbyists

• Strategists

____________ and __________ refer to economic, social,

cultural, demographic, environmental, political, legal,

governmental, technological, and competitive trends and events

that could significantly benefit or harm an organization in the

future.

• Internal strengths; external threats

• External opportunities; external threats

• Internal weaknesses; external opportunities

• Internal strengths; internal weaknesses

   

Which of these basic questions should a vision statement

answer?

• What is our business?

• Who are our employees?

• What do we want to become?

• Who are our competitors?

 five forces of competition (from M. Porter's model).

• Buyers

• suppliers

• potential new entrants

• rivalry among Competing Sellers

• Firms in other Industries offering substitute products

List the main functional sections of the organization by which internal factors can be analyzed.

• Personnel

• Production

• Ethical

• Marketing

• Financial

Who is the largest exporter to the United States?

• Mexico

• China

• Canada

• United kingdom

Budget Rent-a-Car opening car rental shops in Wal-Mart

stores is an example of which type of strategy?

• Forward integration

• Backward integration

• Horizontal integration

• Related diversification