WorksheetsStrategic Management First Quiz
Total questions: 10
Worksheet time: 10mins
Strategy is a Simple concept that involves many different processes and activities within an organization.
True
False
Henry Mintzberg 5P's Model are
Plan, Place, Position, Promotion , Ploy
Place, Position, Product, Promotion, Ploy
Plan, Perspective, Pattern, Product, Position
Plan, Ploy, Pattern, Position, Perspective
Strategy as a Ploy is
a specific move designed to outwit or trick competitors
the degree of consistency in a firm’s strategic actions
a firm’s place in the industry relative to its competitors
how executives interpret the competitive landscape around them
Strategy as a Perspective is
a firm’s place in the industry relative to its competitors
the degree of consistency in a firm’s strategic actions
how executives interpret the competitive landscape around them
a carefully crafted set of steps that a firm intends to follow in order to be successful
Strategy as a Pattern is
a firm’s place in the industry relative to its competitors
the degree of consistency in a firm’s strategic actions
how executives interpret the competitive landscape around them
a specific move designed to outwit or trick competitors
Intended Strategy is
is an Expression of desired strategic direction deliberately formulated or planned by managers
comes about through everyday routines, Activities and processes in organization
the strategy actually being followed by an Organization in practice
a complex concept that involves many different processes and activities within an organization.
emergent strategy is
is an Expression of desired strategic direction deliberately formulated or planned by managers
comes about through everyday routines, Activities and processes in organization
the strategy actually being followed by an Organization in practice
process that requires the ability to manage change.
Realized strategy is
is an Expression of desired strategic direction deliberately formulated or planned by managers
the strategy actually being followed by an Organization in practice
comes about through everyday routines, Activities and processes in organization
a complex concept that involves many different processes and activities within an organization.
Strategic management is
1. a process that requires the ability to manage change.
2. the Process involves Understanding Strategy , Strategy Formulation, Strategy Implementation, Strategy
3. the Process involves Understanding Strategy , Environmental & Internal Scanning Strategy Formulation, Strategy Implementation.
1,2,3 are correct
1,3 are correct
Strategic management stages are
Internal and external environmental scanning
Strategy formulation
Strategy implementation
Evaluation and control
All answers are correct
Understanding Strategy , Environmental scanning, Managing resources, Formulation Strategy , Implementation Strategy , Audit , Feedback
Understanding Strategy , Environmental scanning, Managing resources, Formulation Strategy , Implementation Strategy , Audit.
