Strategic Management chap 4

What is the primary focus of a strategic goal?

• Short-term objectives

• Daily tasks

• Long-term vision

• Employee management

Which element is NOT part of the strategy diamond?

• Arenas

• Vehicles

• Resources

• Economic logic

The strategy diamond was introduced by which researchers?

• Porter and Treacy

• Hambrick and Fredrickson

• Ansoff and BCG

• Kotler and Armstrong

What does 'Arenas' in the strategy diamond refer to?

• Market entry tactics

• Target markets and segments

• Financial resources

• Employee roles

In strategic elements, 'Vehicles' refers to:

• Methods of market entry

• Types of customer relationships

• Technological advances

• Financial goals

What is an example of a differentiator in strategy?

• Cost leadership

• Customer feedback

• Market analysis

• Financial planning

Which is NOT a component of the BCG matrix?

• Stars

• Cash cows

• Customers

• Question marks

What does 'Staging' in strategy focus on?

• Speed and sequence of strategic actions

• Budget allocation

• Employee recruitment

• Product quality

In the context of strategic planning, a SWOT analysis helps assess:

• Internal and external factors

• Only internal factors

• Only external factors

• Financial growth only

Which term best describes strategic effectuation?

• Rigid planning

• Incremental changes

• Goal-oriented adaptation

• Quick profit generation