MGT 498 Final Exam Guide New Version
1) In a survey of 50 corporations, which of the following was rated as a benefit of strategic
management?
Clearer sense of vision for the firm
Higher levels of employee motivation
Higher levels of job satisfaction
Improved productivity
Lower employee turnover
2) Research suggests that strategic management evolves through four sequential phases in
corporations. The first phase is
externally-oriented planning
basic financial planning
internally-oriented planning
forecast-based planning
strategic management
3) Strategic management is that set of managerial decisions and actions that determine the
long-run performance of a corporation. Which one of the following is NOT one of the basic
elements of the strategic management process?
strategy formulation
strategy implementation
statistical process control
evaluation and control
environmental scanning
1) In a survey of 50 corporations, which of the following was rated as a benefit of strategic
management?
Clearer sense of vision for the firm
Higher levels of employee motivation
Higher levels of job satisfaction
Improved productivity
Lower employee turnover
2) Research suggests that strategic management evolves through four sequential phases in
corporations. The first phase is
externally-oriented planning
basic financial planning
internally-oriented planning
forecast-based planning
strategic management
3) Strategic management is that set of managerial decisions and actions that determine the
long-run performance of a corporation. Which one of the following is NOT one of the basic
elements of the strategic management process?
strategy formulation
strategy implementation
statistical process control
evaluation and control
environmental scanning
