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SMGT 2256- CHAPTER 1 2026 LATEST
QUESTIONS AND ANSWERS| ACE
YOUR GRADES.
The evolving nature of a company's strategy means that the
typical company strategy is a blend of: - correct answer -1)
proactive, planned initiatives to improve the company's financial
performance and secure a competitive edge;
2) reactive responses to unanticipated developments and fresh
market conditions.
A company's strategy in toto (its realized strategy) tends to be a..
- correct answer -combination of proactive and reactive
elements, with certain strategy elements being abandoned
because they have become obsolete or ineffective.
A company's realized strategy can be observe in the pattern of: -
correct answer -its actions over time, which is a far better
indictors than any of its strategic plans on paper or any public
pronouncements about its strategy
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A strategy cannot be considered ethical just because it involves
actions that are - correct answer -legal
To meet the standard of being ethical, a strategy must entail -
correct answer -actions and behavior that can pass moral
scrutiny in the sense of not being deceitful, unfair or harmful to
others, disreputable, or unreasonably damaging to the
environment.
Managers of every company must be willing and ready to modify
the strategy in response to - correct answer -changing market
conditions, advancing technology, unexpected moves by
competitors, shifting buyer needs, emerging market opportunities,
and new ideas for improving the strategy.
Business model - correct answer -is the managements blueprint
for delivering a valuable product or service to customers in a
manner that will generate revenues sufficient to cover costs and
yield an attractive profit.
Two elements of a company's business model are: - correct
answer -1. Its customer value proposition
2. Its profit formula
SMGT 2256- CHAPTER 1 2026 LATEST
QUESTIONS AND ANSWERS| ACE
YOUR GRADES.
The evolving nature of a company's strategy means that the
typical company strategy is a blend of: - correct answer -1)
proactive, planned initiatives to improve the company's financial
performance and secure a competitive edge;
2) reactive responses to unanticipated developments and fresh
market conditions.
A company's strategy in toto (its realized strategy) tends to be a..
- correct answer -combination of proactive and reactive
elements, with certain strategy elements being abandoned
because they have become obsolete or ineffective.
A company's realized strategy can be observe in the pattern of: -
correct answer -its actions over time, which is a far better
indictors than any of its strategic plans on paper or any public
pronouncements about its strategy
, Page | 2
A strategy cannot be considered ethical just because it involves
actions that are - correct answer -legal
To meet the standard of being ethical, a strategy must entail -
correct answer -actions and behavior that can pass moral
scrutiny in the sense of not being deceitful, unfair or harmful to
others, disreputable, or unreasonably damaging to the
environment.
Managers of every company must be willing and ready to modify
the strategy in response to - correct answer -changing market
conditions, advancing technology, unexpected moves by
competitors, shifting buyer needs, emerging market opportunities,
and new ideas for improving the strategy.
Business model - correct answer -is the managements blueprint
for delivering a valuable product or service to customers in a
manner that will generate revenues sufficient to cover costs and
yield an attractive profit.
Two elements of a company's business model are: - correct
answer -1. Its customer value proposition
2. Its profit formula
