Strategic Management Review 1

In a SWOT analysis, which are internal and external?

• Strengths and Weaknesses are external, Opportunities and Threats are internal

• Strengths and Weaknesses are internal, Opportunities and Threats are external

• Weaknesses and Threats are external, Strengths and Opportunities are internal

• Strengths and Opportunities are external, Weaknesses and Threats are internal

Consists of the analyses, decisions, and actions an organization must take to create and sustain a competitive advantage

• Operations Management

• Business Logistics

• Management

• Strategic Management

What are the three ongoing processes involved in the strategic management process?

• Analysis, Actions, and Synthesis

• Analysis, Decisions, and Actions

• Analysis, Evaluation, and Critique

• Analysis, Synthesis, and Antithesis

Are vision, mission, and strategic objectives. Internal and External environments of the organization

• Actions

• Decisions

• Evaluation

• Analysis

Are taken by firms necessary to implement their strategies and requires leaders to allocate resources

• Evaluation

• Decisions

• Actions

• Analysis

Symptoms are not a sign of poor training

• True

• False

Integrative thinking involves making choices by reconciling opposing thoughts and proposes more options and new solutions

• True

• False

What are the four stages of integrative thinking?

• Analysis, Decisions, Actions, and Evaluation

• Salience, Causality, Architecture, and Resolution

• Analysis, Evaluation, Critique, and Synthesis

• Analysis, Synthesis, Critique, and Antithesis

Someone who acts as the official critic and they try to come up with problems and explains why it should not be adopted

• Integrative thinker

• God's Advocate

• Leader

• Devil's Advocate

Helps us learn how to ask good questions and make good decisions

• SWOT analysis

• Case Study

• Simulations

• Case analysis