Question 1

According to the textbook, which of the following managers typically are responsible for the competitive strategies?

Accepted Answer

A) supervisors 
B) lower-level managers 
C) middle-level managers 
D) top-level managers 
E) outside consultants 
A) supervisors 
B) lower-level managers 
C) middle-level managers 
D) top-level managers 
E) outside consultants

Question 2

In a short essay, list and discuss three strategies where organisations might use e-business to gain a competitive advantage.Give examples of each.

Accepted Answer

Managers can formulate strategies using

Question 3

The first step in the strategic management process is analysing the external environment.

Accepted Answer

A) True 
 B)False

Question 4

Process development strategies seek to achieve a competitive advantage by ________.

Accepted Answer

A) looking for ways to enhance existing work processes 
B) committing to scientific research 
C) making the firm more effective 
D) improving on existing technology 
E) both B and C 
A) looking for ways to enhance existing work processes 
B) committing to scientific research 
C) making the firm more effective 
D) improving on existing technology 
E) both B and C

Question 5

What is the step in the strategic management process that follows analysing the organisation's resources?

Accepted Answer

A) mission statement 
B) implementing strategies 
C) identifying opportunities and threats 
D) analysing the external environment 
E) formulating strategies 
A) mission statement 
B) implementing strategies 
C) identifying opportunities and threats 
D) analysing the external environment 
E) formulating strategies

Question 6

The Strategic Management Process
You finally made it.You were recently promoted to Executive Vice President in the corporate division.On the first day in your new position, the Chairperson said she was pleased at your new promotion and looked forward to hearing your presentation at next week's meeting concerning the new strategic management process you will be handling.You smiled, even though your stomach was churning.Unfortunately, this was the first you had heard about this meeting, and other than doing your small part in past planning efforts, you have little idea about how to design a strategic management process.You quickly grab your daughter's management textbook and read up on the topic.
-Refer to The Strategic Management Process (Scenario).You learn that a critical part of the second step in the process, the one that needs completing directly before analysing the organisation's resources, is ________.

Accepted Answer

A) identifying opportunities and threats 
B) identifying strengths and weaknesses 
C) formulating strategies 
D) implementing strategies 
E) evaluating results 
A) identifying opportunities and threats 
B) identifying strengths and weaknesses 
C) formulating strategies 
D) implementing strategies 
E) evaluating results

Question 7

The strategic management process is divided into which of the following sections?

Accepted Answer

A) planning, implementation and evaluation 
B) problem identification, planning and implementation 
C) implementation, evaluation and restructuring 
D) mission statement, environmental evaluation and specific goals 
E) mission statement, environmental scoping and evaluation 
A) planning, implementation and evaluation 
B) problem identification, planning and implementation 
C) implementation, evaluation and restructuring 
D) mission statement, environmental evaluation and specific goals 
E) mission statement, environmental scoping and evaluation

Question 8

The corporate-level strategy termed a 'stability strategy' is characterised by a(n)________ of significant change.

Accepted Answer

A) slight increase 
B) moderate increase 
C) absence 
D) slight decrease 
E) moderate decrease 
A) slight increase 
B) moderate increase 
C) absence 
D) slight decrease 
E) moderate decrease

According to the textbook, which of the following managers typically are responsible for the competitive strategies?

In a short essay, list and discuss three strategies where organisations might use e-business to gain a competitive advantage.Give examples of each.

The first step in the strategic management process is analysing the external environment.

Process development strategies seek to achieve a competitive advantage by ________.

What is the step in the strategic management process that follows analysing the organisation's resources?

The strategic management process is divided into which of the following sections?

The corporate-level strategy termed a 'stability strategy' is characterised by a(n)________ of significant change.

Managers in the Workplace

Management History

Managing the External Environment and Organisational Culture

Managing in a Global Environment

Social Responsibility and Managerial Ethics

Managers As Decision Makers

Managing Change and Innovation

Foundations of Planning

Managerial Controls

Managing Operations

Organisational Structure and Design

Managing Teams

Managing Human Resources

Understanding and Managing Individual Behaviour

Managers and Communication

Motivating Employees

Managers As Leaders

Filters

Exam 9: Strategic Management

According to the textbook, which of the following managers typically are responsible for the competitive strategies?

In a short essay, list and discuss three strategies where organisations might use e-business to gain a competitive advantage.Give examples of each.

The first step in the strategic management process is analysing the external environment.

Process development strategies seek to achieve a competitive advantage by ________.

What is the step in the strategic management process that follows analysing the organisation's resources?

The strategic management process is divided into which of the following sections?

The corporate-level strategy termed a 'stability strategy' is characterised by a(n)________ of significant change.

Managers in the Workplace

Management History

Managing the External Environment and Organisational Culture

Managing in a Global Environment

Social Responsibility and Managerial Ethics

Managers As Decision Makers

Managing Change and Innovation

Foundations of Planning

Managerial Controls

Managing Operations

Organisational Structure and Design

Managing Teams

Managing Human Resources

Understanding and Managing Individual Behaviour

Managers and Communication

Motivating Employees

Managers As Leaders

Filters