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WorksheetsPrelim for Strategic Management
Total questions: 20
Worksheet time: 19mins
Who is the strategy guru stated that: Strategy is about achieving competitive advantage.
Micheal Portes
Micheal Poter
Michael Porter
Micheal Purter
According to ___________the best strategy is geared towards radical change and creating a new vision of the future.
Gary Hamel
Gary Hamil
Gary Homel
Gary Hemol
Strategy approach wherein information is gathered, sifted and analyzed.
top-mid approach
tip-down approach
top-low approach
top-down approach
It is define as the direction in which the firm is moving with respect to its current product–market scope.
Growth factor
Growth vector
Growth gap
Growth change
He suggested that three questions should be the central to the challenge of strategy evaluation.
Rumetl
Rumelt
Romelt
Rumilt
It defines the long-term vision of the organization in terms of what it wants to be and whom it wants to serve.
Vission
Desire
Mission
Ambition
Theory that fits the external reality, is internally coherent, and known and understood by everyone in the organization.
Theory of the organization
Theory of the firm
Theory of the business
Theory of the company
They formulated the four approaches to setting a mission .
Collins and Porras
Collens and Porras
Collins and Poras
Collens and Poras
It is the result of the interaction of intended strategy and emergent strategy.
Active strategy
Firm's strategy
Management strategy
Current strategy
A business is defined by its mission.
True
False
The growth change illustrates the key decisions concerning the directions in which a firm may choose to develop.
True
False
A strategy is an organization’s way of creating unique value and thus attracts the custom that is its lifeblood.
True
False
Missions can be extremely misionary and challenging.
True
False
Only a clear definition of the mission of the organization makes possible clear and realistic business objectives.
True
False
A key function of strategy is to eliminate coherence to organizational action.
True
False
It sets the guidelines and limits for permissible action in pursuit of the strategic goals.
(a)
Setting a clear, definable target for the organization to aim.
(a)
It specify the step-by-step sequence of actions necessary to achieve major objectives.
(a)
It proliferates in discussions of business.
(a)
What computer industry sets its mission as:To make a contribution to the world by making tools for the mind that advance humankind’.
(a)
