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WorksheetsStrategic Management
Total questions: 15
Worksheet time: 8mins
The fundamental purpose for the existence of any organization is described by its
policies
mission
procedures
strategy
The fundamental purpose of an organization’s mission statement is to
create a good human relations climate in the organization
define the operational structure of the organization
define the organization’s purpose in society
generate good public relations for the organization
The acronym SWOT stands for
Special Weapons for Operations Timeliness
Services, Worldwide Optimization, and Transport
Strengths Worldwide Overcome Threats
Strengths, Weaknesses, Opportunities, and Threats
Which of the following is not a characteristic of strategic management that makes it different from other types of management?
It is interdisciplinary
It has an external focus
It has an internal focus.
It concerns the present direction of the organization.
Which of the following is an issue considered in developing corporate strategies?
What business(es) are we in?
What direction are we going?
What resources do we have to implement our strategies?
What businesses are we in and what to do with those businesses?
Which of the following is NOT a major element of the strategic management process?
Formulating strategy
Implementing strategy
Evaluating strategy
Assigning administrative tasks
Competitive advantage can best be described as
increased efficiency.
what sets an organization apart.
a strength of the organization
intangible resources.
________________ is the foundation of blue ocean strategy.
Innovation
Value creation
Value innovation
value cost trade-off
The various organizational routines and processes that determine how efficiently and effectively the organization transforms its inputs into outputs are called:
strengths
core competencies.
capabilities.
customer value.
When defining strategic management the most important thing to remember is that it is:
Not as easy as you think
Mainly the province of senior managers
A living evolving process
A way of determining responsibilities
The primary focus of strategic management is:
strategic analysis
the total organisation
strategy formulation
strategy implementation.
Which of the following defines what business or businesses the firm is in or should be in?
Business strategy
Corporate strategy
Functional strategy
National strategy
Which of the following defines how each individual business unit will attempt to achieve its mission?
Business strategy
Corporate strategy
Functional strategy
National strategy
Which of the following focuses on supporting the corporate and business strategies?
Competitive strategy
Operational strategy
Corporate strategy
National strategy
The corporate level is where top management directs:
all employees for orientation
its efforts to stabilize recruitment needs
overall strategy for the entire organization
overall sales projections
