Test Bank for Strategic Management, 6th Edition by Frank Rothaermel
Strategic Management, 6th Edition 2024 By Rothaermel Frank, Verified Chapters 1 - 12, Complete Newest Version
Strategic Management, 6th Edition 2024 By Rothaermel Frank, Verified Chapters 1 - 12, Complete Newest Version
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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
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
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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