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Worksheetsw1 Magic quiz
Total questions: 10
Worksheet time: 4mins
Which of the following is NOT an element of strategy
stakeholders
formulation
analysis
implementation
A condition or circumstances that cause a firm to lack the competition in a particular area (technology, scale, scope, quality, productivity, innovation, process) is the explanation of...
competitive parity
competitive advantage
unique strategic proposition
competitive disadvantages
When defining strategic management the most important thing to remember is that it is
A way of determining responsibilities
Not as easy as you think
Mainly the province of senior managers
A living evolving process
Which one of the following is NOT a primary task of strategic managers?
developing the steps to follow in implementing operational-level plans
Defining the business and developing a mission
Implementing and evaluating the chosen strategy
Establishing strategic objectives
What is meant by the term ‘Stakeholder’ ?
a person who owns a business.
a person who is related to a business.
a person who purchases the shares of a business.
a person who is not related to a business.
Superior performance relative to other competitors in the same industry (the industry average), that competitors are unable to duplicate or find it too costly to try to imitate is the definition of...
competitive disadvantages
strategic positioning
competitive parity
competitive advantage
Competitive parity is...
a condition or circumstances that causes a firm to lack the competition in a particular area (technology, scale, scope, quality, productivity, innovation, process)
a condition in which two or more firms that perform at the same level
a set of goal-directed actions a firm takes to gain and sustain superior performance relative to competitors
an integrative approach to managing a diverse set of stakeholders effectively in order to gain and sustain competitive advantage
.... is what do we want to accomplish ultimately.
vision
mission
competitive parity
competitive advantage
How do we accomplish our goals is the definition of...
vision
mission
values
ethical standard
The vision statement that focuses employees on problem-solving for the customer called ______
employee-oriented vision statement
grandiose statement
customer-oriented vision statement
product-oriented vision statement
