Test Bank For Strategic Management Creating Competitive Advantages, 11th Edition All Chapters

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


haermel Frank Verified G G G




TheGfocusGofGstrategicGmanagementGisG______.

A.GincreasingGreturnGonGinvestment

B.GfunctionalGplanning

C.GtheGprofitsGofGtheGfirm

D.GseparatingGallGtheGfunctionalGareasGofGtheGbusinessGtoGachieveGorganizationalGsucce
ss

E.GtheGintegrationGofGallGtheGfunctionalGareasGofGtheGbusinessGtoGachieveGitsGorganizati
onalGobjectivesG-GANSWER:GE

TheGlogicalGstartingGpointGforGstrategicGmanagementGisGtoG______.

A.GimplementGtheGplan

B.GanalyzeGmetrics

C.GperformGaGSWOTGanalysis

D.GidentifyGtheGexistingGvision,Gmission,Gobjectives,GandGstrategies

E.GholdGoff-premisesGretreatsG-GANSWER:GD

TheGstrategicGmanagementGprocessGbeginsGwith______.

A.GstrategyGimplementation

B.GstrategicGopportunityGidentification

C.GstrategyGformulation

D.GstrategyGevaluation

E.GstrategicGplanningG-GANSWER:GC

InGwhichGstageGofGtheGstrategicGmanagementGprocessGisGanGorganizationGlikelyGtoGdev
elopGaGmissionGstatement?

A.GStrategicGopportunityGidentification

,B.GStrategyGevaluation

C.GStrategyGimplementation

D.GStrategyGformulation

E.GStrategicGplanningG-GANSWER:GD

AnalyticalGthinkingGandGintuitiveGthinkingG______.

A.GareGseldomGusedGtogether

B.GareGtypicallyGatGoddsGwithGeachGother

C.GcomplementGeachGother

D.GguaranteeGstrategicGsuccess

E.GareGnotGusedGinGstrategicGplanningG-GANSWER:GC

TheGstrategic-managementGprocessGcanGbeGdescribedGasGan
Gobjective,Glogical,GsystematicGapproachGforGmakingGmajorGdecisionsGinGanGorganizatio

n.GHowever,GitGisGgenerallyGrecognizedGthat
G______GisGessentialGtoGmakingGgoodGstrategicGdecisions.




A.GignoringGintuition

B.Gintuition

C.Gignorance

D.GignoringGchange

E.GundisciplinedGintuitionG-GANSWER:GB

Apple'sGfinanciallyGleanGpositionGwithGregardGtoGmanufacturingGfacilitiesGprovidesGtheG
firmGwithGaG_______GoverGSony,GwhichGinvestsGheavilyGinGmanufacturingGfacilities.

A.GcompetitiveGadvantage

B.GstrategicGadvantage

C.GcomparativeGadvantage

D.GsustainedGcompetitiveGadvantage

,E.GdisadvantageG-GANSWER:GA

WhatGelementGofGstrategicGmanagementGanswersGtheGquestionG"WhatGdoGweGwantGto
Gbecome?"




A.GAGmissionGstatement

B.GAGvisionGstatement

C.GSpecificGlong-termGobjectives

D.GEnvironmentalGscanning

E.GAGSWOTG-GANSWER:GB

OneGbenefitGofGstrategicGplanningGisGthatGitGallowsGaGfirmGtoGbe
G_______GinGshapingGitsGownGfuture.




A.Gproactive

B.Gpassive

C.Gsuccessful

D.Greactive

E.GunconcernedG-GANSWER:GA

ThreeGprimaryGintrinsicGbenefitsGofGstrategicGplanningGincludeG______.

A.GlessGneedGforGlowerGlevelsGofGplanning,GlessGneedGfor
Gcommunication,GandGgreaterGcommitment




B.GincreasedGreturnGonGinvestment,GhigherGprofits,GandGhigherGemployeeGsatisfaction

C.GlessGneedGforGcommunication,GdeeperGunderstanding,GandGgreaterGcommitment

D.GenhancedGcommunication,GgreaterGcommitment,GandGhigherGprofits

E.GenhancedGcommunication,GdeeperGunderstanding,GandGgreaterGcommitmentG-
GANSWER:GE




SomeGfirmsGviewGplanningGasGaGwasteGofGtimeGbecauseG______.

A.GtheGprocessGisGnever-ending

B.GtheGreturnGonGinvestmentGisGtooGlow

, C.GnoGproductGorGserviceGisGproduced

D.GtheGprocessGisGtooGlong

E.GitGisGnotGprovenGnotGbeGsuccessfulG-GANSWER:GC

WhichGofGtheGfollowingGisGaGreasonGsomeGfirmsGdoGnotGengageGinGstrategicGplanning?

A.GTheyGreceiveGnoGformalGtrainingGinGstrategicGmanagement.

B.GTheyGareGbeingGpunishedGforGnotGplanning.

C.GTheyGknowGtheGeffortGofGplanningGyieldsGmonetaryGrewards.

D.GTheyGunderstandGtheGbenefitsGofGplanning.

E.GTheyGareGwillingGtoGinvestGtimeGandGeffort.G-GANSWER:GA

WhichGofGtheGfollowingGisGaGpitfallGofGstrategicGplanning?

A.GInvolvingGkeyGemployeesGinGallGphasesGofGtheGplanning

B.GBeingGsoGformalGinGplanningGthatGflexibilityGandGcreativityGareGstifled

C.GCommunicatingGtheGplanGtoGemployees

D.GUsingGplansGasGstandardsGforGmeasuringGperformance

E.GObtainingGsupportGofGtheGprocessGbyGtopGmanagersG-GANSWER:GB

WhichGofGtheGfollowingGisGNOTGaGpitfallGofGstrategicGplanning?

A.GNotGusingGplansGasGstandardsGforGmeasuringGperformance

B.GViewingGplanningGasGunnecessaryGorGunimportant

C.GUsingGstrategicGplanningGtoGgainGcontrolGoverGdecisionsGandGresources

D.GTopGmanagersGmakingGmanyGintuitiveGdecisionsGthatGconflictGwithGtheGformalGplan

E.GInvolvingGkeyGemployeesGinGallGphasesGofGplanningG-GANSWER:GE

Historically,GwhereGdidGstrategicGplanningGoriginate?

A.GGameGplay