MGT 499 CH 1. Strategic Management
Exam Questions With Correct Answers
Which of the following are evaluated during the analysis process of strategic management? (Check all
that apply.) - answerinternal environment
strategic goals
external environment
Which of the following are key attributes ...
Which of the following are evaluated during the analysis process of strategic management? (Check all
that apply.) - answer✔internal environment
strategic goals
external environment
Which of the following are key attributes of strategic management? (Check all that apply.) -
answer✔Directs the organization toward overall goals and objectives
Incorporates both short-term and long-term perspectives
Includes multiple stakeholders in decision making
Strategic management is directed toward a company's ______. - answer✔goals and objectives
Which of the following statements about the strategic management process is true?
Multiple choice question. - answer✔The three processes are highly interdependent.
Which of the following are stakeholder groups that managers should consider when making decisions?
(Check all that apply.) - answer✔board of directors
stockholders
the community
Managers are analyzing the firm's ______ when managers are studying its competitors.
Strategies often fail when managers fail to do which of the following? (Check all that apply.) -
answer✔analyze the company's overarching goals
conduct a thorough analysis of the external and internal environments
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