MAN4720 Chapter 9 Exam Questions
With Verified Answers
Competitive advantages are normally the result of superiority in one of three
areas. Which of the following is one of them? - ANSWER Resources
Adequate and timely ________ is/are the cornerstone of effective strategy
evaluation. - ANSWER feedback
Competitive advantage is normally the result of superiority in resources, skills,
or - ANSWER position
The first activity in the strategy-evaluation process is to - ANSWER examine the
underlying bases of a firm's strategy
________ advantage tends to be self-sustaining so long as key external and
internal factors that underlie it (them) remain(s) stable. - ANSWER Positional
The idea that the positioning of one's ________ can enhance their combined
effectiveness is familiar to military theorists, chess players, and diplomats. -
ANSWER resources
What is the cornerstone of effective strategy evaluation? - ANSWER Adequate
and timely feedback
With the passage of time, strategy evaluation is becoming - ANSWER
increasingly difficult.
All of the following are reasons strategy evaluation is more difficult today
EXCEPT - ANSWER the increasing time span for which planning can be done
with any degree of certainty
Which of the following is NOT a reason for the increasing difficulty of evaluating
strategies? - ANSWER Product life cycles are longer
Success today - ANSWER is no guarantee of success tomorrow.
Modern organizational realities demand many skills of employees. Which of the
following is NOT a required skill? - ANSWER Patience
Strategy-evaluation activities should ideally be performed - ANSWER on a
continuous basis.
, Comparing expected results with the actual results is the first activity in the
strategy- evaluation process. - ANSWER FALSE
Adequate and timely feedback is the cornerstone of effective strategy
evaluation. - ANSWER TRUE
Strategy evaluation is essential for developing objectives. - ANSWER FALSE
Too much pressure to achieve specific goals can lead to dysfunctional behavior.
- ANSWER TRUE
Competitive advantages are normally the result of superiority in one of three
areas: feasibility, consistency, or consonance. - ANSWER FALSE
Goal setting is critical to effective strategy evaluation. - ANSWER FALSE
Too much emphasis on evaluating strategies may be expensive and
counterproductive. - ANSWER TRUE
Strategy evaluation is becoming increasingly easier with the passage of time,
given technological advances. - ANSWER FALSE
The decreasing time span for which planning can be done with any degree of
certainty is a reason strategy evaluation is more difficult today. - ANSWER TRUE
Some strategies take years to implement. - ANSWER TRUE
Evaluating strategies on a continuous rather than on a periodic basis allows
benchmarks of progress to be established and more effectively monitored. -
ANSWER TRUE
It is most effective to conduct strategy evaluation annually, at the end of the
fiscal year. - ANSWER FALSE
Which of the following is the first activity in strategy evaluation? - ANSWER
Examining the underlying bases of current strategies
Corrective actions are almost always ________ except when external and internal
factors have not significantly changed and the firm is progressing satisfactorily
toward achieving stated objectives. - ANSWER needed
If you discover during the course of strategy evaluation that major changes have
occurred in the firm's internal strategic position, you should - ANSWER take
corrective actions.
With Verified Answers
Competitive advantages are normally the result of superiority in one of three
areas. Which of the following is one of them? - ANSWER Resources
Adequate and timely ________ is/are the cornerstone of effective strategy
evaluation. - ANSWER feedback
Competitive advantage is normally the result of superiority in resources, skills,
or - ANSWER position
The first activity in the strategy-evaluation process is to - ANSWER examine the
underlying bases of a firm's strategy
________ advantage tends to be self-sustaining so long as key external and
internal factors that underlie it (them) remain(s) stable. - ANSWER Positional
The idea that the positioning of one's ________ can enhance their combined
effectiveness is familiar to military theorists, chess players, and diplomats. -
ANSWER resources
What is the cornerstone of effective strategy evaluation? - ANSWER Adequate
and timely feedback
With the passage of time, strategy evaluation is becoming - ANSWER
increasingly difficult.
All of the following are reasons strategy evaluation is more difficult today
EXCEPT - ANSWER the increasing time span for which planning can be done
with any degree of certainty
Which of the following is NOT a reason for the increasing difficulty of evaluating
strategies? - ANSWER Product life cycles are longer
Success today - ANSWER is no guarantee of success tomorrow.
Modern organizational realities demand many skills of employees. Which of the
following is NOT a required skill? - ANSWER Patience
Strategy-evaluation activities should ideally be performed - ANSWER on a
continuous basis.
, Comparing expected results with the actual results is the first activity in the
strategy- evaluation process. - ANSWER FALSE
Adequate and timely feedback is the cornerstone of effective strategy
evaluation. - ANSWER TRUE
Strategy evaluation is essential for developing objectives. - ANSWER FALSE
Too much pressure to achieve specific goals can lead to dysfunctional behavior.
- ANSWER TRUE
Competitive advantages are normally the result of superiority in one of three
areas: feasibility, consistency, or consonance. - ANSWER FALSE
Goal setting is critical to effective strategy evaluation. - ANSWER FALSE
Too much emphasis on evaluating strategies may be expensive and
counterproductive. - ANSWER TRUE
Strategy evaluation is becoming increasingly easier with the passage of time,
given technological advances. - ANSWER FALSE
The decreasing time span for which planning can be done with any degree of
certainty is a reason strategy evaluation is more difficult today. - ANSWER TRUE
Some strategies take years to implement. - ANSWER TRUE
Evaluating strategies on a continuous rather than on a periodic basis allows
benchmarks of progress to be established and more effectively monitored. -
ANSWER TRUE
It is most effective to conduct strategy evaluation annually, at the end of the
fiscal year. - ANSWER FALSE
Which of the following is the first activity in strategy evaluation? - ANSWER
Examining the underlying bases of current strategies
Corrective actions are almost always ________ except when external and internal
factors have not significantly changed and the firm is progressing satisfactorily
toward achieving stated objectives. - ANSWER needed
If you discover during the course of strategy evaluation that major changes have
occurred in the firm's internal strategic position, you should - ANSWER take
corrective actions.
