Question 1

An organization's vision is its short-term goals.

Accepted Answer

A) True 
 B)False

Question 2

Describe the characteristics of a good vision statement.List some of the questions that a good vision statement will ask.

Accepted Answer

Although a vision statement can be short

Question 3

A defensive strategy is also known as a(n)_____.

Accepted Answer

A) retrenchment strategy 
B) fixed plan 
C) aggressive approach 
D) growth strategy 
E) stability strategy 
A) retrenchment strategy 
B) fixed plan 
C) aggressive approach 
D) growth strategy 
E) stability strategy

Question 4

To develop a grand strategy,you need to gather data and make projections,using the tools of competitive intelligence,SWOT analysis,forecasting,benchmarking,and Porter's five competitive forces.

Accepted Answer

A) True 
 B)False

Question 5

When an organization is able to get and stay ahead in the four areas of (1)being responsive to customers, (2)innovating, (3)quality,and (4)effectiveness,that company can develop ____.

Accepted Answer

A) company diversity 
B) increased MBO 
C) strong employee morale 
D) an environment with few or no competitors 
E) a sustainable competitive advantage 
A) company diversity 
B) increased MBO 
C) strong employee morale 
D) an environment with few or no competitors 
E) a sustainable competitive advantage

Question 6

Tom is the CEO of Yost Tech,a large global manufacturing company,and he is having lunch with a longtime friend,Greg,owner of a small office supply store.Tom told Greg that "Strategic management and planning have really increased our success at Yost.I just read an article about an analysis of several studies that found that strategic management and planning _____."

Accepted Answer

A) helps only large companies 
B) benefits mostly nonprofit organizations 
C) makes performance gains inconsistent 
D) boosts performance in small companies even more than large companies 
E) benefits both small and large organizations 
A) helps only large companies 
B) benefits mostly nonprofit organizations 
C) makes performance gains inconsistent 
D) boosts performance in small companies even more than large companies 
E) benefits both small and large organizations

Question 7

A 2013 survey found that the use of mission and vision statements is popular among managers.

Accepted Answer

A) True 
 B)False

Question 8

Summarize the three sources strategic position emerges from.

Accepted Answer

Strategic positioning attempts to achiev

Question 9

What is the assessment of the external environment? What are the critical issues facing the business? Can the business execute the strategy? According to Bossidy and Charan,these are some of the questions that should be addressed in a _____.

Accepted Answer

A) code of ethics 
B) value statement 
C) diversity agenda 
D) mission statement 
E) strong strategic plan 
A) code of ethics 
B) value statement 
C) diversity agenda 
D) mission statement 
E) strong strategic plan

Question 10

Maria's Mart is a small store located along a major interstate highway that sells gas and diesel,food,souvenirs,DVD movies,and a wide variety of other items.There is even a café inside the store.Maria's Mart is an example of a diversification strategy.

Accepted Answer

A) True 
 B)False

Question 11

Is it appropriate for the organization and for the times? Does it set standards of excellence and reflect high ideals? Is it ambitious? These are all questions that are answered in a good _____.

Accepted Answer

A) belief agreement 
B) code of ethics 
C) mission statement 
D) vision statement 
E) management belief statement 
A) belief agreement 
B) code of ethics 
C) mission statement 
D) vision statement 
E) management belief statement

Question 12

Most strategies are compatible.Therefore,organizations need only to choose what strategies to follow.

Accepted Answer

A) True 
 B)False

Question 13

The process by which a company compares its performance with that of high-performing organizations is known as ___.

Accepted Answer

A) trend analysis 
B) a vision plan 
C) contingency planning 
D) a managerial pact 
E) benchmarking 
A) trend analysis 
B) a vision plan 
C) contingency planning 
D) a managerial pact 
E) benchmarking

An organization's vision is its short-term goals.

Describe the characteristics of a good vision statement.List some of the questions that a good vision statement will ask.

A defensive strategy is also known as a(n)_____.

To develop a grand strategy,you need to gather data and make projections,using the tools of competitive intelligence,SWOT analysis,forecasting,benchmarking,and Porter's five competitive forces.

When an organization is able to get and stay ahead in the four areas of (1)being responsive to customers, (2)innovating, (3)quality,and (4)effectiveness,that company can develop ____.

A 2013 survey found that the use of mission and vision statements is popular among managers.

Summarize the three sources strategic position emerges from.

What is the assessment of the external environment? What are the critical issues facing the business? Can the business execute the strategy? According to Bossidy and Charan,these are some of the questions that should be addressed in a _____.

Maria's Mart is a small store located along a major interstate highway that sells gas and diesel,food,souvenirs,DVD movies,and a wide variety of other items.There is even a café inside the store.Maria's Mart is an example of a diversification strategy.

Is it appropriate for the organization and for the times? Does it set standards of excellence and reflect high ideals? Is it ambitious? These are all questions that are answered in a good _____.

Most strategies are compatible.Therefore,organizations need only to choose what strategies to follow.

The process by which a company compares its performance with that of high-performing organizations is known as ___.

The Exceptional Manager: What You Do,how You Do It

Management Theory: Essential Background for the Successful Manager

The Managers Changing Work Environment and Ethical Responsibilities: Doing the Right Thing

Global Management: Managing Across Borders

Planning: The Foundation of Successful Management

Individual and Group Decision Making: How Managers Make Things Happen

Organizational Culture,Structure,and Design: Building Blocks of the Organization

Human Resource Management: Getting the Right People for Managerial Success

Organizational Change and Innovation: Lifelong Challenges for the Exceptional Manager

Managing Individual Differences and Behavior: Supervising People As People

Motivating Employees: Achieving Superior Performance in the Workplace

Groups and Teams: Increasing Cooperation,reducing Conflict

Power,Influence,and Leadership: From Becoming a Manager to Becoming a Leader

Interpersonal and Organizational Communication: Mastering the Exchange of Information

Control Systems and Quality Management: Techniques for Enhancing Organizational Effectiveness

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Exam 6: Strategic Management: How Exceptional Managers Realize a Grand Design

An organization's vision is its short-term goals.

Describe the characteristics of a good vision statement.List some of the questions that a good vision statement will ask.

A defensive strategy is also known as a(n)_____.

To develop a grand strategy,you need to gather data and make projections,using the tools of competitive intelligence,SWOT analysis,forecasting,benchmarking,and Porter's five competitive forces.

When an organization is able to get and stay ahead in the four areas of (1)being responsive to customers, (2)innovating, (3)quality,and (4)effectiveness,that company can develop ____.

A 2013 survey found that the use of mission and vision statements is popular among managers.

Summarize the three sources strategic position emerges from.

What is the assessment of the external environment? What are the critical issues facing the business? Can the business execute the strategy? According to Bossidy and Charan,these are some of the questions that should be addressed in a _____.

Maria's Mart is a small store located along a major interstate highway that sells gas and diesel,food,souvenirs,DVD movies,and a wide variety of other items.There is even a café inside the store.Maria's Mart is an example of a diversification strategy.

Is it appropriate for the organization and for the times? Does it set standards of excellence and reflect high ideals? Is it ambitious? These are all questions that are answered in a good _____.

Most strategies are compatible.Therefore,organizations need only to choose what strategies to follow.

The process by which a company compares its performance with that of high-performing organizations is known as ___.

The Exceptional Manager: What You Do,how You Do It

Management Theory: Essential Background for the Successful Manager

The Managers Changing Work Environment and Ethical Responsibilities: Doing the Right Thing

Global Management: Managing Across Borders

Planning: The Foundation of Successful Management

Individual and Group Decision Making: How Managers Make Things Happen

Organizational Culture,Structure,and Design: Building Blocks of the Organization

Human Resource Management: Getting the Right People for Managerial Success

Organizational Change and Innovation: Lifelong Challenges for the Exceptional Manager

Managing Individual Differences and Behavior: Supervising People As People

Motivating Employees: Achieving Superior Performance in the Workplace

Groups and Teams: Increasing Cooperation,reducing Conflict

Power,Influence,and Leadership: From Becoming a Manager to Becoming a Leader

Interpersonal and Organizational Communication: Mastering the Exchange of Information

Control Systems and Quality Management: Techniques for Enhancing Organizational Effectiveness

Filters