MBA 705- Organizational Strategy and Policies Chapter 1 Exam
#1 Questions with Correct Answers
______ is a comprehensive process designed for firms to best use their resources
and capabilities to provide superior firm performance - ✔✔Strategic management
_____ are typically a higher level, longer range, broad goal, without a lot of
specifics that, as accomplished, help the organization move forward toward its
vision - ✔✔Strategies
Strategy formation goes back to ancient times, particularly used in _____ -
✔✔Warfare
The ______ process creates a framework for an organization to look outside of
itself and set a course for success - ✔✔Strategic management
What question does strategic management answer? - ✔✔Why do some firms
outperform other firms?
More specifically, _____ examines how actions and events involving top
executives, firms, and industries influence a firms success or failure - ✔✔Strategic
management
____ involves goals and objectives that an organization needs to achieve to be
successful in the marketplace - ✔✔Strategy
, Because change affects the strategies of almost all organizations, understanding
the concepts of ____, ____, _____, _____, and ______ strategies is important -
✔✔intended, emergent, realized, deliberate, and unrealized
An _____ is the strategy that an organization hopes to execute, are usually
described in detail within an organization's strategic plan - ✔✔intended strategy
When a strategic plan is created for a new venture, it is called a ______ -
✔✔business plan
the parts of the intended strategy that the firm continues to pursue over time -
✔✔deliberate strategy
An ______ is an unplanned strategy that arises in response to unexpected
opportunities and/or challenges. Sometimes result in disasters or tremendous
success - ✔✔emergent strategy
A ______ is the strategy that an organization actually follows; are a product of a
firms intended strategy (what the firm planned to do) , the firms deliberate
strategy ( the parts of the intended strategy that the firm continues to pursue
over time), and its emergent strategy (what the firm did in reaction to unexpected
opportunities and challenges) - ✔✔realized strategy
An ______ refers to the abandoned parts of the intended strategy - ✔✔unrealized
strategy
#1 Questions with Correct Answers
______ is a comprehensive process designed for firms to best use their resources
and capabilities to provide superior firm performance - ✔✔Strategic management
_____ are typically a higher level, longer range, broad goal, without a lot of
specifics that, as accomplished, help the organization move forward toward its
vision - ✔✔Strategies
Strategy formation goes back to ancient times, particularly used in _____ -
✔✔Warfare
The ______ process creates a framework for an organization to look outside of
itself and set a course for success - ✔✔Strategic management
What question does strategic management answer? - ✔✔Why do some firms
outperform other firms?
More specifically, _____ examines how actions and events involving top
executives, firms, and industries influence a firms success or failure - ✔✔Strategic
management
____ involves goals and objectives that an organization needs to achieve to be
successful in the marketplace - ✔✔Strategy
, Because change affects the strategies of almost all organizations, understanding
the concepts of ____, ____, _____, _____, and ______ strategies is important -
✔✔intended, emergent, realized, deliberate, and unrealized
An _____ is the strategy that an organization hopes to execute, are usually
described in detail within an organization's strategic plan - ✔✔intended strategy
When a strategic plan is created for a new venture, it is called a ______ -
✔✔business plan
the parts of the intended strategy that the firm continues to pursue over time -
✔✔deliberate strategy
An ______ is an unplanned strategy that arises in response to unexpected
opportunities and/or challenges. Sometimes result in disasters or tremendous
success - ✔✔emergent strategy
A ______ is the strategy that an organization actually follows; are a product of a
firms intended strategy (what the firm planned to do) , the firms deliberate
strategy ( the parts of the intended strategy that the firm continues to pursue
over time), and its emergent strategy (what the firm did in reaction to unexpected
opportunities and challenges) - ✔✔realized strategy
An ______ refers to the abandoned parts of the intended strategy - ✔✔unrealized
strategy
