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Strategic Management, 6th Edition 2024 By Rothaermel Frank, Verified Chapters 1 - 12, Complete Newest Version $17.99
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Strategic Management, 6th Edition 2024 By Rothaermel Frank, Verified Chapters 1 - 12, Complete Newest Version
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Strategic Management, 6th Edition 2024 By Rothaermel Frank, Verified Chapters 1 - 12, Complete Newest Version

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  • September 6, 2024
  • 14
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • strategic management
  • strategic management 6th edition 2024 by rothaer
  • strategic management 6th edition 2024

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TEST BANK For Strategic Management, 6th Edition 2024 By
Rothaermel Frank, Verified Chapters 1 - 12, Complete Newest
Version
the only constant is ___________ - ANSWER: change

a way of thinking and approach for managing complex organizations - ANSWER:
strategic management

strategic management process - ANSWER: strategic thinking > strategic planning >
strategic momentum

an intellectual orientation, a way of thinking or mindset - ANSWER: strategic thinking

the periodic process of creating organizational momentum (a strategy) - ANSWER:
strategic planning

philosophy and process of continuously leading and managing an organization using
strategic thinking and periodic strategic planning - ANSWER: managing strategic
momentum

strategic thinking activities include: - ANSWER: awareness
anticipation
analysis
interpretation
synthesis
reflection

systems perspectives and critical thinking to examine changing issues; combining and
assessing quantitative and qualitative data - ANSWER: Analysis

strategic thinking framing states - ANSWER: creative thinking
critical thinking
divergent thinking
innovative thinking
transformative thinking
systems thinking
visionary thinking

process of creating a plan using strategic thinking - ANSWER: strategic planning

scope of this strategic activity is periodic group leadership and management process
- ANSWER: strategic planning

, scope of this strategic activity is organizational management processes - ANSWER:
managing strategic mometum

_____________________ requires a mindset/way of thinking that acknowledges
reality of change, questions current assumptions and activities, builds an
understanding of systems, envisions possible futures, generates new ideas, considers
context, organizational fit, and industry dynamics - ANSWER: strategic thinking

__________________ do not assume that the organization will continue to do what
it is presently doing, determine what the org should stop doing, determine what the
org should start doing that it's not presently doing, change fundamental way of
doing - ANSWER: strategic thinkers

_____________________ provides a sequential, step by step process for creating a
strategy, involves periodic group strategic thinking sessions, requires data/info, but
incorporates consensus and judgement, establishes organizational focus, facilitates
consistent decision making, reaches consensus on how org fits within its industry ,
results in documented strategic plan - ANSWER: strategic planning

what strategic management is not: - ANSWER: not:
quick fix
technique/gimmick
planning retreat
regulatory document
extension of last year's plan
not just based on forecasts of current ops

provides a "road map" for all activities and decisions in the org; create org
momentum and keeps everyone informed - HAVE A PLAN TO START THE JOURNEY

managers must be ready to learn what isn't working and not working as plan unfolds,
be ready to adjust - ANSWER: strategic management process

all strategies are _____________ - ANSWER: temporary

strategic management and leadership are/are not the same thing - ANSWER: are

Drucker: most important task of an org's leader is to: - ANSWER: anticipate a crisis

3 components of the strategy of an org: - ANSWER: external environment
directional strategies, leadership
internal environment

process for external analysis - ANSWER: organize the process/create issue map
template

scan the general environment/healthcare system/service area

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