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Strategic Management 5th Edition by Frank Rothaermel
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Strategic Management 5th Edition by Frank Rothaermel
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Test Bank For Strategic Management 6th edition By Rothaermel Frank, ISBN 9781265954574 | Complete Chapter 1-12
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Test Bank Strategic Management 5th Edition by FrankRothaermel Chapter 1-12| 9781260261288 | All Chapters with
Answers and Rationals
The emphasis of strategic management is on... - ANSWER: long-term performance
Research suggests that strategic management evolves through four sequential phases in corporations.
The first phase is..... - ANSWER: basic financial planning
Top-down planning that emphasizes formal strategy formulation and leaves the
implementation issues to lower management levels is known as.... - ANSWER: externally orientated
planing
The time horizon involved with regard to basic financial planning is usually..... - ANSWER: one year
A difference between basic financial planning and forecast
-based planning is...... - ANSWER: forecast-based planning incorporates environmental data and
extrapolates current trends
In the final phase of strategic management, strategic information is available to.... - ANSWER: people
throughout the organisation
In a survey of 50 corporations, which of the following was rated as one of the three top
benefits of strategic management? - ANSWER: clearer sense of strategic vision for the firm
When an organization is evaluating its strategic position, which is
not one of the strategic
questions that an organization generally may ask itself? - ANSWER: are we on target to hit our
financial objectives next year?
Research of the planning practices of companies in the oil industry concludes that the real value of
modern strategic planning is more in the ________ that is part of a future oriented planning process
than in any resulting written strategic plan. - ANSWER: strategic thinking and organisational learning
Strategic planning within a small organization.... - ANSWER: may be informal and irregular
Strategic planning within a small organization... - ANSWER: should be a formalised and sophisticated
system
The integrated internationalization of markets and corporations is called.... - ANSWER: globalization
The term used to describe new products, services, methods, and organizational
approaches that allow businesses to achieve extraordinary returns is.... - ANSWER: innovation
The triple bottom line refers to which of the following? - ANSWER: traditional profit/loss, social
responsibility and environmental responsibility
One of the benefits of globalization is - ANSWER: economies of scale
Which theory proposes that once an organization is successfully established in a
particular environmental niche, it is unable to adapt to changing conditions? - ANSWER: population
ecology
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