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Prelim for Strategic Management

Total questions: 20

Worksheet time: 19mins

Name
Class
Date
1.

Who is the strategy guru stated that: Strategy is about achieving competitive advantage.

a)

Micheal Portes

b)

Micheal Poter

c)

Michael Porter

d)

Micheal Purter

2.

According to ___________the best strategy is geared towards radical change and creating a new vision of the future.

a)

Gary Hamel

b)

Gary Hamil

c)

Gary Homel

d)

Gary Hemol

3.

Strategy approach wherein information is gathered, sifted and analyzed.

a)

top-mid approach

b)

tip-down approach

c)

top-low approach

d)

top-down approach

4.

It is define as the direction in which the firm is moving with respect to its current product–market scope.

a)

Growth factor

b)

Growth vector

c)

Growth gap

d)

Growth change

5.

He suggested that three questions should be the central to the challenge of strategy evaluation.

a)

Rumetl

b)

Rumelt

c)

Romelt

d)

Rumilt

6.

It defines the long-term vision of the organization in terms of what it wants to be and whom it wants to serve.

a)

Vission

b)

Desire

c)

Mission

d)

Ambition

7.

Theory that fits the external reality, is internally coherent, and known and understood by everyone in the organization.

a)

Theory of the organization

b)

Theory of the firm

c)

Theory of the business

d)

Theory of the company

8.

They formulated the four approaches to setting a mission .

a)

Collins and Porras

b)

Collens and Porras

c)

Collins and Poras

d)

Collens and Poras

9.

It is the result of the interaction of intended strategy and emergent strategy.

a)

Active strategy

b)

Firm's strategy

c)

Management strategy

d)

Current strategy

10.

A business is defined by its mission.

a)

True

b)

False

11.

The growth change illustrates the key decisions concerning the directions in which a firm may choose to develop.

a)

True

b)

False

12.

A strategy is an organization’s way of creating unique value and thus attracts the custom that is its lifeblood.

a)

True

b)

False

13.

Missions can be extremely misionary and challenging.

a)

True

b)

False

14.

Only a clear definition of the mission of the organization makes possible clear and realistic business objectives.

a)

True

b)

False

15.

A key function of strategy is to eliminate coherence to organizational action.

a)

True

b)

False

16.

It sets the guidelines and limits for permissible action in pursuit of the strategic goals.

(a)  

17.

Setting a clear, definable target for the organization to aim.

(a)  

18.

It specify the step-by-step sequence of actions necessary to achieve major objectives.

(a)  

19.

It proliferates in discussions of business.

(a)  

20.

What computer industry sets its mission as:To make a contribution to the world by making tools for the mind that advance humankind’.

(a)