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Worksheetsstrategic management -1
Total questions: 10
Worksheet time: 3mins
Strategic management involves:
A. Only setting goals
Day-to-day operational decisions
Formulating, implementing, and evaluating cross-functional decisions
Which of the following is the first step in strategic management?
A. Strategy formulation
Strategy implementation
SWOT analysis meas (a) :
What type of strategy is concerned with how a company competes in a particular industry?
Corporate strategy
Business-level strategy
The core purpose of a mission statement is to
Outline short-term objectives
Describe the organization's purpose and values
Porter's Five Forces model analyzes:
Internal strengths
Industry competitiveness
Which one of the following is not a component of the strategic management process?
Strategy implementation
Sales forecasting
Vision statement focuses on
Future aspirations of the organization
Daily tasks
The balanced scorecard approach is used for
Strategy implementation and performance measurement
Inventory management
Which of the following is an example of a corporate-level strategy?
Entering a new industry through acquisition
Reducing the price of a product
