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WorksheetsStrategic Management (1-2)
Total questions: 20
Worksheet time: 8mins
Strategic management focuses on integrating management, , and information systems to achieve organizational success.
marketing
finance and accounting
production and operations
research and development
all of these
During what stage of strategic management are a firm's specific internal strengths and weaknesses determined?
Formulation
Implementation
Evaluation
Feedback
Goal-setting
Organizations should take a(n) approach in their industry.
adversarial rather than a collegial
collegial rather than an adversarial
reactive rather than a proactive
proactive rather than a reactive
cooperative rather than a competitive
Both business and military organizations must and to be successful.
be impervious to change; continually improve
adapt to change; continually improve
shun change; stay the course
be impervious to change; stay the course
According to Webster's New World Dictionary, is "the science of planning and directing large-scale military operations, of maneuvering forces into the most advantageous position prior to actual engagement with the enemy."
competitive advantage
war
strategy
formulation
attack
According to Greenley, strategic management offers all of the following benefits EXCEPT
increased discipline.
enhanced communication.
increased resistance to change.
increased synergy.
None of these
Making many intuitive decisions that conflict with the formal plan is one pitfall to avoid in strategic planning.
True
False
Commitment and understanding are the most important benefits of strategic management.
True
False
In the last five years, the position of chief strategy officer (CSO) has diminished so drastically that today it is almost unheard of for companies to have such a position on staff.
True
False
A vision statement answers the question, "What is our business?" whereas a mission statement answers, "What do we want to become?"
True
False
These businessmen stress collectivism, continuity, cooperation, belongingness, formality, and doing exactly what is told.
American business
Mexican businesses
Japanese Businesses
European Businesses
East Asian countries Businesses
The business people in this country embodies individualism, achievement, competition, curiosity, pragmatism, informality, spontaneity, and doing more than expected on the job
Mexico
USA
India
Philippines
Brazil
Things to do before entering international markets
(You may check more than one)
Scan relevant journals and patent reports
seek the advice of academic and research organizations
participate in international trade fairs
form partnerships
conduct extensive research
The following are the Top 10 Nations That Are Easiest To Do Business With in the world, except (You may click multiple answers)
Singapore
New Zealand
Denmark
Colombia
Turkey
The following are Cultural Pitfalls That May Help You Be a Better Manager. Which one is not?
Do not eat with your left hand when dining with clients from Malaysia or India.
Making a “good-bye” wave in Europe can mean “No,” but it means “Come here” in Peru.
Direct eye contact is impolite in Japan.
Nodding or tossing your head back in southern Italy, Malta, Greece, and Tunisia means “No.” In India, this body motion means “Yes.”
In Finland, touching your thumb and first finger—an American “Okay” sign—is the equivalent of raising your middle finger.
Globalization includes designing, producing, and marketing products with global needs in mind, instead of considering individual countries alone.
True
False
Papua New Guinea speak a total of (a) languages
In 2015 a country that charges the highest tax rate is
Chad
UK
USA
UAE
Philippines
Whenever a firm acquires a foreign firm and adopts that firm’s lower tax rate or establishes a holding company in a foreign country and adopts that firm’s lower tax rate, the transaction is called an _________.
Inversion
Evasion
Tax avoidance
Tax fraud
Tax exception
The price and quality of a firm’s products and services must be competitive on a worldwide basis, not just on a local basis.
True
False
