Strama QUIZ no. 2

There are four phases in the strategic management model proposed by Wheelen and Hunger.

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Environmental scanning involves identifying, monitoring, evaluating, and communicating information about the internal and external environment.

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• FALSE

Strategy formulation is the phase where strategic objectives are set and strategies are developed to achieve these objectives.

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Strategy implementation is usually carried out by middle-level and lower-level managers, with supervision from top-level managers.

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SWOT analysis is used to identify strengths, weaknesses, opportunities, and threats in both the internal and external environments.

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Evaluation and control involve monitoring the results of strategies and comparing them to desired outcomes.

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• FALSE

Strengths and weaknesses are factors that can be controlled by the organization.

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• FALSE

Opportunities are external factors that can positively impact the organization.

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• FALSE

The purpose of environmental scanning is to identify key factors critical to creating strategies.

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• FALSE

Implementing strategies could mean changes in the organization's products, management, or culture.

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• FALSE