Test Bank For Strategic Compensation A Human Resource Management Approach 5th Edition

TEST BANK For Strategic Management, 6th Edition 2024 By Rot
b b b b b b b b b


haermel Frank Verified b b b




Thebfocusbofbstrategicbmanagementbisb______.

A.bincreasingbreturnbonbinvestment

B.bfunctionalbplanning

C.bthebprofitsbofbthebfirm

D.bseparatingballbthebfunctionalbareasbofbthebbusinessbtobachieveborganizationalbsucces
s

E.bthebintegrationbofballbthebfunctionalbareasbofbthebbusinessbtobachievebitsborganizatio
nalbobjectivesb-bANSWER:bE

Theblogicalbstartingbpointbforbstrategicbmanagementbisbtob______.

A.bimplementbthebplan

B.banalyzebmetrics

C.bperformbabSWOTbanalysis

D.bidentifybthebexistingbvision,bmission,bobjectives,bandbstrategies

E.bholdboff-premisesbretreatsb-bANSWER:bD

Thebstrategicbmanagementbprocessbbeginsbwith______.

A.bstrategybimplementation

B.bstrategicbopportunitybidentification

C.bstrategybformulation

D.bstrategybevaluation

E.bstrategicbplanningb-bANSWER:bC

Inbwhichbstagebofbthebstrategicbmanagementbprocessbisbanborganizationblikelybtobdevel
opbabmissionbstatement?

A.bStrategicbopportunitybidentification

,B.bStrategybevaluation

C.bStrategybimplementation

D.bStrategybformulation

E.bStrategicbplanningb-bANSWER:bD

Analyticalbthinkingbandbintuitivebthinkingb______.

A.barebseldombusedbtogether

B.barebtypicallybatboddsbwithbeachbother

C.bcomplementbeachbother

D.bguaranteebstrategicbsuccess

E.barebnotbusedbinbstrategicbplanningb-bANSWER:bC

Thebstrategic-managementbprocessbcanbbebdescribedbasban
bobjective,blogical,bsystematicbapproachbforbmakingbmajorbdecisionsbinbanborganization

.bHowever,bitbisbgenerallybrecognizedbthat
b______bisbessentialbtobmakingbgoodbstrategicbdecisions.




A.bignoringbintuition

B.bintuition

C.bignorance

D.bignoringbchange

E.bundisciplinedbintuitionb-bANSWER:bB

Apple'sbfinanciallybleanbpositionbwithbregardbtobmanufacturingbfacilitiesbprovidesbthebfi
rmbwithbab_______boverbSony,bwhichbinvestsbheavilybinbmanufacturingbfacilities.

A.bcompetitivebadvantage

B.bstrategicbadvantage

C.bcomparativebadvantage

D.bsustainedbcompetitivebadvantage

,E.bdisadvantageb-bANSWER:bA

Whatbelementbofbstrategicbmanagementbanswersbthebquestionb"Whatbdobwebwantbto
bbecome?"




A.bAbmissionbstatement

B.bAbvisionbstatement

C.bSpecificblong-termbobjectives

D.bEnvironmentalbscanning

E.bAbSWOTb-bANSWER:bB

Onebbenefitbofbstrategicbplanningbisbthatbitballowsbabfirmbtobbe
b_______binbshapingbitsbownbfuture.




A.bproactive

B.bpassive

C.bsuccessful

D.breactive

E.bunconcernedb-bANSWER:bA

Threebprimarybintrinsicbbenefitsbofbstrategicbplanningbincludeb______.

A.blessbneedbforblowerblevelsbofbplanning,blessbneedbfor
bcommunication,bandbgreaterbcommitment




B.bincreasedbreturnbonbinvestment,bhigherbprofits,bandbhigherbemployeebsatisfaction

C.blessbneedbforbcommunication,bdeeperbunderstanding,bandbgreaterbcommitment

D.benhancedbcommunication,bgreaterbcommitment,bandbhigherbprofits

E.benhancedbcommunication,bdeeperbunderstanding,bandbgreaterbcommitmentb-
bANSWER:bE




Somebfirmsbviewbplanningbasbabwastebofbtimebbecauseb______.

A.bthebprocessbisbnever-ending

B.bthebreturnbonbinvestmentbisbtooblow

, C.bnobproductborbservicebisbproduced

D.bthebprocessbisbtooblong

E.bitbisbnotbprovenbnotbbebsuccessfulb-bANSWER:bC

Whichbofbthebfollowingbisbabreasonbsomebfirmsbdobnotbengagebinbstrategicbplanning?

A.bTheybreceivebnobformalbtrainingbinbstrategicbmanagement.

B.bTheybarebbeingbpunishedbforbnotbplanning.

C.bTheybknowbthebeffortbofbplanningbyieldsbmonetarybrewards.

D.bTheybunderstandbthebbenefitsbofbplanning.

E.bTheybarebwillingbtobinvestbtimebandbeffort.b-bANSWER:bA

Whichbofbthebfollowingbisbabpitfallbofbstrategicbplanning?

A.bInvolvingbkeybemployeesbinballbphasesbofbthebplanning

B.bBeingbsobformalbinbplanningbthatbflexibilitybandbcreativitybarebstifled

C.bCommunicatingbthebplanbtobemployees

D.bUsingbplansbasbstandardsbforbmeasuringbperformance

E.bObtainingbsupportbofbthebprocessbbybtopbmanagersb-bANSWER:bB

WhichbofbthebfollowingbisbNOTbabpitfallbofbstrategicbplanning?

A.bNotbusingbplansbasbstandardsbforbmeasuringbperformance

B.bViewingbplanningbasbunnecessaryborbunimportant

C.bUsingbstrategicbplanningbtobgainbcontrolboverbdecisionsbandbresources

D.bTopbmanagersbmakingbmanybintuitivebdecisionsbthatbconflictbwithbthebformalbplan

E.bInvolvingbkeybemployeesbinballbphasesbofbplanningb-bANSWER:bE

Historically,bwherebdidbstrategicbplanningboriginate?

A.bGamebplay