Chapter 9 - Strategy Review, Evaluation, and Control
UPDATED ACTUAL Questions and CORRECT Answers
Which of these is a basic activity of strategy evaluation? E) All of the above
A) Reviewing the underlying bases of current strategies
B) Comparing expected results with actual results
C) Taking corrective actions
D) Choices B and C only
E) All of the above
Too much emphasis on evaluating strategies A) may be expensive and counterproductive.
A) may be expensive and counterproductive.
B) is not possible - the more emphasis the better.
C) is good for morale, as employees like being closely
evaluated.
D) is always advised if the firm can afford it.
E) is worse than too little or no evaluation.
What is the cornerstone of effective strategy evaluation? A) Adequate and timely feedback
A) Adequate and timely feedback
B) Quality and quantity of managers
C) Smaller ratio of top- to lower-level management
D) Evaluation preceding implementation stage
E) Punitive corrective actions
All of these are Richard Rumelt's criteria to evaluate a D) distinctiveness.
strategy EXCEPT
A) advantage.
B) consistency.
C) feasibility.
D) distinctiveness.
E) consonance.
With the passage of time strategy evaluation is becoming A) increasingly difficult.
A) increasingly difficult.
B) much simpler.
C) very convenient.
D) an unnecessary activity.
E) less important.
All of the following are reasons strategy evaluation is D) the increasing time span for which planning can be done with any degree of
more difficult today EXCEPT certainty.
A) a dramatic increase in the environment's complexity.
B) the increasing number of variables.
C) the increase in the number of both domestic and
world events affecting organizations.
D) the increasing time span for which planning can be
done with any degree of certainty.
E) the rapid rate of obsolescence of even the best plans.
, Which of the following is NOT a reason for the increasing A) Product life cycles are longer.
difficulty of evaluating strategies?
A) Product life cycles are longer.
B) Domestic and world economies are less stable.
C) Product development cycles are shorter.
D) Technological advancement is more rapid.
E) Change is occurring more frequently.
Success today B) is no guarantee of success tomorrow.
A) guarantees success tomorrow.
B) is no guarantee of success tomorrow.
C) should lull a firm into complacency.
D) is all that really matters.
E) none of the above.
According to Rumelt, the final broad test of strategy is its B) feasibility.
A) advantage.
B) feasibility.
C) consonance.
D) consistency.
E) distinctiveness.
Competitive advantage normally is the result of B) position.
superiority in resources, skills, or
A) employees.
B) position.
C) consistency.
D) feasibility.
E) governance.
What term refers to the need for strategists to examine B) Consonance
sets of trends, as well as individual trends, in evaluating
strategies?
A) Consistency
B) Consonance
C) Synergy
D) Feasibility
E) Advantage
Rumelt's criteria of consonance refers to the need for B) sets of trends.
strategists to examine
A) inconsistent goals.
B) sets of trends.
C) impractical objectives.
D) competitive advantages.
E) the costs associated with particular strategies.
UPDATED ACTUAL Questions and CORRECT Answers
Which of these is a basic activity of strategy evaluation? E) All of the above
A) Reviewing the underlying bases of current strategies
B) Comparing expected results with actual results
C) Taking corrective actions
D) Choices B and C only
E) All of the above
Too much emphasis on evaluating strategies A) may be expensive and counterproductive.
A) may be expensive and counterproductive.
B) is not possible - the more emphasis the better.
C) is good for morale, as employees like being closely
evaluated.
D) is always advised if the firm can afford it.
E) is worse than too little or no evaluation.
What is the cornerstone of effective strategy evaluation? A) Adequate and timely feedback
A) Adequate and timely feedback
B) Quality and quantity of managers
C) Smaller ratio of top- to lower-level management
D) Evaluation preceding implementation stage
E) Punitive corrective actions
All of these are Richard Rumelt's criteria to evaluate a D) distinctiveness.
strategy EXCEPT
A) advantage.
B) consistency.
C) feasibility.
D) distinctiveness.
E) consonance.
With the passage of time strategy evaluation is becoming A) increasingly difficult.
A) increasingly difficult.
B) much simpler.
C) very convenient.
D) an unnecessary activity.
E) less important.
All of the following are reasons strategy evaluation is D) the increasing time span for which planning can be done with any degree of
more difficult today EXCEPT certainty.
A) a dramatic increase in the environment's complexity.
B) the increasing number of variables.
C) the increase in the number of both domestic and
world events affecting organizations.
D) the increasing time span for which planning can be
done with any degree of certainty.
E) the rapid rate of obsolescence of even the best plans.
, Which of the following is NOT a reason for the increasing A) Product life cycles are longer.
difficulty of evaluating strategies?
A) Product life cycles are longer.
B) Domestic and world economies are less stable.
C) Product development cycles are shorter.
D) Technological advancement is more rapid.
E) Change is occurring more frequently.
Success today B) is no guarantee of success tomorrow.
A) guarantees success tomorrow.
B) is no guarantee of success tomorrow.
C) should lull a firm into complacency.
D) is all that really matters.
E) none of the above.
According to Rumelt, the final broad test of strategy is its B) feasibility.
A) advantage.
B) feasibility.
C) consonance.
D) consistency.
E) distinctiveness.
Competitive advantage normally is the result of B) position.
superiority in resources, skills, or
A) employees.
B) position.
C) consistency.
D) feasibility.
E) governance.
What term refers to the need for strategists to examine B) Consonance
sets of trends, as well as individual trends, in evaluating
strategies?
A) Consistency
B) Consonance
C) Synergy
D) Feasibility
E) Advantage
Rumelt's criteria of consonance refers to the need for B) sets of trends.
strategists to examine
A) inconsistent goals.
B) sets of trends.
C) impractical objectives.
D) competitive advantages.
E) the costs associated with particular strategies.
