STUDENTS SUCCESS
Revision Examination Tests
“Come all for this greatness”
...100% Correct Ans...
Strategic Management Pack Assignments and (100%
correct answers) 2024-2025
The focus of strategic management is ______.
A. increasing return on investment
B. functional planning
C. the profits of the firm
D. separating all the functional areas of the business to achieve
organizational success
E. the integration of all the functional areas of the business to achieve its
organizational objectives
ans:>E
The logical starting point for strategic management is to ______.
A. implement the plan
B. analyze metrics
C. perform a SWOT analysis
D. identify the existing vision, mission, objectives, and strategies
E. hold off-premises retreats
ans:>D
,The strategic management process begins with______.
A. strategy implementation
B. strategic opportunity identification
C. strategy formulation
D. strategy evaluation
E. strategic planning
ans:>C
In which stage of the strategic management process is an organization
likely to develop a mission statement?
A. Strategic opportunity identification
B. Strategy evaluation
C. Strategy implementation
D. Strategy formulation
E. Strategic planning
ans:>D
Analytical thinking and intuitive thinking ______.
A. are seldom used together
B. are typically at odds with each other
C. complement each other
D. guarantee strategic success
E. are not used in strategic planning
ans:>C
,The strategic-management process can be described as an objective,
logical, systematic approach for making major decisions in an
organization. However, it is generally recognized that ______ is
essential to making good strategic decisions.
A. ignoring intuition
B. intuition
C. ignorance
D. ignoring change
E. undisciplined intuition
ans:>B
Apple's financially lean position with regard to manufacturing facilities
provides the firm with a _______ over Sony, which invests heavily in
manufacturing facilities.
A. competitive advantage
B. strategic advantage
C. comparative advantage
D. sustained competitive advantage
E. disadvantage
ans:>A
What element of strategic management answers the question "What do
we want to become?"
A. A mission statement
B. A vision statement
C. Specific long-term objectives
, D. Environmental scanning
E. A SWOT
ans:>B
One benefit of strategic planning is that it allows a firm to be _______ in
shaping its own future.
A. proactive
B. passive
C. successful
D. reactive
E. unconcerned
ans:>A
Three primary intrinsic benefits of strategic planning include ______.
A. less need for lower levels of planning, less need for communication,
and greater commitment
B. increased return on investment, higher profits, and higher employee
satisfaction
C. less need for communication, deeper understanding, and greater
commitment
D. enhanced communication, greater commitment, and higher profits
E. enhanced communication, deeper understanding, and greater
commitment
ans:>E
Some firms view planning as a waste of time because ______.
A. the process is never-ending
Revision Examination Tests
“Come all for this greatness”
...100% Correct Ans...
Strategic Management Pack Assignments and (100%
correct answers) 2024-2025
The focus of strategic management is ______.
A. increasing return on investment
B. functional planning
C. the profits of the firm
D. separating all the functional areas of the business to achieve
organizational success
E. the integration of all the functional areas of the business to achieve its
organizational objectives
ans:>E
The logical starting point for strategic management is to ______.
A. implement the plan
B. analyze metrics
C. perform a SWOT analysis
D. identify the existing vision, mission, objectives, and strategies
E. hold off-premises retreats
ans:>D
,The strategic management process begins with______.
A. strategy implementation
B. strategic opportunity identification
C. strategy formulation
D. strategy evaluation
E. strategic planning
ans:>C
In which stage of the strategic management process is an organization
likely to develop a mission statement?
A. Strategic opportunity identification
B. Strategy evaluation
C. Strategy implementation
D. Strategy formulation
E. Strategic planning
ans:>D
Analytical thinking and intuitive thinking ______.
A. are seldom used together
B. are typically at odds with each other
C. complement each other
D. guarantee strategic success
E. are not used in strategic planning
ans:>C
,The strategic-management process can be described as an objective,
logical, systematic approach for making major decisions in an
organization. However, it is generally recognized that ______ is
essential to making good strategic decisions.
A. ignoring intuition
B. intuition
C. ignorance
D. ignoring change
E. undisciplined intuition
ans:>B
Apple's financially lean position with regard to manufacturing facilities
provides the firm with a _______ over Sony, which invests heavily in
manufacturing facilities.
A. competitive advantage
B. strategic advantage
C. comparative advantage
D. sustained competitive advantage
E. disadvantage
ans:>A
What element of strategic management answers the question "What do
we want to become?"
A. A mission statement
B. A vision statement
C. Specific long-term objectives
, D. Environmental scanning
E. A SWOT
ans:>B
One benefit of strategic planning is that it allows a firm to be _______ in
shaping its own future.
A. proactive
B. passive
C. successful
D. reactive
E. unconcerned
ans:>A
Three primary intrinsic benefits of strategic planning include ______.
A. less need for lower levels of planning, less need for communication,
and greater commitment
B. increased return on investment, higher profits, and higher employee
satisfaction
C. less need for communication, deeper understanding, and greater
commitment
D. enhanced communication, greater commitment, and higher profits
E. enhanced communication, deeper understanding, and greater
commitment
ans:>E
Some firms view planning as a waste of time because ______.
A. the process is never-ending
