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WorksheetsSTRATEGIC MANAGEMENT
Total questions: 10
Worksheet time: 6mins
It is a continuous process of strategy creation.
strategic analysis
strategic implementation
strategic management
none of the above
It is more popular than strategic management
strategic analysis
strategic planning
strategy formulation
all of the above
Organizations conduct their businesses by offering:
less products
few products
innovative products
expensive products
Comparative advantage is the accomplishment of a high level of productivity that is characterized by efficiency in the context of lean and quantifiable management.
YES
NO
A medium/long-range plan is prepared:
every monthly
for one year
from three to five, ten or more years
less than one year
Strategic thinking is:
is the cognitive process of competently and analytically weighing factors and arriving at critical decisions
consist of a systematic evaluation
is efficiently employed
is the capability of an organization to possess relevant and related knowledge, abilities and foresight
The vision of an organization:
is a nicely and attractively worded slogan of the organization
motivates the organization to go where it wants to go
is the same as its mission
is an individual goal of a department
Strategic planning generates the blueprint of what an organization intends to accomplish.
YES
NO
It consists of the organization's dreams, aspirations, interests, expectations, philosophies, as well as, leadership and management styles and ethical practices.
Organizational vision
strategic management
Value system
mission statement
It is different from goals which need to be clearly defined, formulated, carefully chosen, specific and definite.
vision
objectives
mision
none of the above
