Management

Choosing a goal and developing a strategy to achieve the goal is.....

• Planning

• Wrong answer

Why do we need managers in an organization?

• To do the things right

• Managers plan, control, lead and monitor the work

• They are required in all organizations

• They include people, skills, machinery and raw materials

What can increase motivation?

• Expecting goals

• Creating a positive work environment

• Not listening to anyone's input

• Not sharing profits

The acronym SWOT stands for

• Special Weapons for Operations Timeliness

• Services, Worldwide Optimization, and Transport

• Strengths Worldwide Overcome Threats

• Strengths, Weaknesses, Opportunities, and Threats

Which of the following is not a characteristic of strategic management that makes it different from other types of management?

• It is interdisciplinary

• It has an external focus

• It has an internal focus.

• It concerns the present direction of the organization.

Which of the following is NOT a major element of the strategic management process?

• Formulating strategy

• Implementing strategy

• Evaluating strategy

• Assigning administrative tasks

When defining strategic management the most important thing to remember is that it is:

• Not as easy as you think

• Mainly the province of senior managers

• A living evolving process

• A way of determining responsibilities

The primary focus of strategic management is:

• strategic analysis

• the total organisation

• strategy formulation

• strategy implementation.

Which of the following defines what business or businesses the firm is in or should be in?

• Business strategy

• Corporate strategy

• Functional strategy

• National strategy

Which of the following defines how each individual business unit will attempt to achieve its mission?

• Business strategy

• Corporate strategy

• Functional strategy

• National strategy