Strategic Management Exam Questions With Correct Answers
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Course
Strategic Management
Institution
Strategic Management
Strategic Management Exam Questions With
Correct Answers
The focus of strategic management is ______.
A. increasing return on investment
B. functional planning
C. the profits of the firm
D. separating all the functional areas of the business to achieve organizational success
E. the integrati...
The strategic-management process can be described as an objective, logical, systematic approach for
making major decisions in an organization. However, it is generally recognized that ______ is essential
to making good strategic decisions.
A. ignoring intuition
B. intuition
C. ignorance
D. ignoring change
E. undisciplined intuition - answer✔B
Apple's financially lean position with regard to manufacturing facilities provides the firm with a _______
over Sony, which invests heavily in manufacturing facilities.
What element of strategic management answers the question "What do we want to become?"
A. A mission statement
B. A vision statement
C. Specific long-term objectives
D. Environmental scanning
E. A SWOT - answer✔B
One benefit of strategic planning is that it allows a firm to be _______ in shaping its own future.
A. proactive
B. passive
C. successful
D. reactive
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