Introduction to Strategic Management

Introduction to Strategic Management

12th Grade

20 Qs

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Introduction to Strategic Management

Introduction to Strategic Management

Assessment

Quiz

Business

12th Grade

Practice Problem

Easy

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20 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary focus of strategic management?

Enhancing customer service

Maximizing short-term profits

Minimizing employee turnover

Creating a competitive advantage

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who emphasized the importance of flexibility in chaotic situations?

Michael Porter

John Kay

Carl von Clausewitz

Gary Hamel

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does SWOT analysis stand for?

Strengths, Weaknesses, Options, Trends

Strategies, Weaknesses, Opportunities, Threats

Strengths, Weaknesses, Opportunities, Threats

Strategies, Weaknesses, Objectives, Tactics

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a vision statement?

A financial forecast

A list of products offered

A statement of purpose

A description of daily operations

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a level of strategy?

Business Level

Corporate Level

Operational Level

Functional Level

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the purpose of strategy evaluation?

To develop new products

To allocate resources

To measure performance and take corrective actions

To create a mission statement

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a key characteristic of strategists?

They avoid making decisions

They only focus on financial aspects

They are responsible for the success or failure of an organization

They work independently from the organization

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