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Capstone Latest Questions and Answers Rated 100% Correct

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___ is NOT a strategy-implementation activity. <~~> taking corrective actions In which phase of strategic management are long-term objectives especially important? <~~> formulation Which of the following is NOT a pitfall an organization should avoid in strategic planning? &l...

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  • September 21, 2024
  • 31
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Capstone
  • Capstone
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1 | P a g e | © copyright 2024/2025 | Grade A+




Capstone Latest Questions and
Answers Rated 100% Correct
_______ is NOT a strategy-implementation activity.


✓ <~~> taking corrective actions




In which phase of strategic management are long-term objectives especially

important?


✓ <~~> formulation




Which of the following is NOT a pitfall an organization should avoid in

strategic planning?


✓ <~~> Involving all managers rather than delegating planning to a

"planner"




Which is generally considered to be the first step in strategic planning?


✓ <~~> Developing a vision statement




All of these are pitfalls an organization should avoid in strategic planning

EXCEPT


✓ <~~> using plans as a standard for measuring performance




Master01 | September, 2024/2025 | Latest update

, 1 | P a g e | © copyright 2024/2025 | Grade A+


An important activity in ________ is taking corrective action


✓ <~~> strategy evaluation




What are guides to decision making called?


✓ <~~> policies




Which of the following is/are a benefit of strategic planning to a firm?


✓ <~~> All of the above: enhanced communication, deeper

understanding, greater commitment, final results




What can be defined as the art and science of formulating, implementing

and evaluating cross-functional decisions that enable an organization to

achieve its objectives?


✓ <~~> strategic management




What are the pitfalls in strategic planning?


✓ <~~> All of the above (Using strategic planning to gain control over

decisions and resources. Doing strategic planning only to satisfy

accreditation or regulatory requirements. Too hastily moving from

mission development to strategy formulation)




Master01 | September, 2024/2025 | Latest update

, 1 | P a g e | © copyright 2024/2025 | Grade A+


Why do some firms not do strategic planning?


✓ <~~> Lack of knowledge in strategic planning and poor reward

structures for planning.




Which of the following is part of the strategic management model?


✓ <~~> All of the above (Measure and evaluate performance. Develop

mission and vision statements. Establish long-term objectives.

Implement strategies.)




Which of the following is NOT a reason given for poor or no strategic planning

in an organization?


✓ <~~> Trust of management makes it unnecessary




What are the means by which long-term objectives will be achieved?


✓ <~~> strategies




During what stage of strategic management are a firm's specific internal

strengths and weaknesses determined?


✓ <~~> formulation




Master01 | September, 2024/2025 | Latest update

, 1 | P a g e | © copyright 2024/2025 | Grade A+


What step in the strategic development process involves mobilizing

employees and managers to put strategies into action?


✓ <~~> strategy implementation




Specific results an organization seeks to achieve in pursuing its basic mission

are


✓ <~~> objectives




Long-term objectives should be all of the following EXCEPT


✓ <~~> continually changing




Effective and carefully planned mission statements


✓ <~~> stand the test of time




An effective mission statement does all of the following EXCEPT


✓ <~~> it is static in orientation




The recommended length of an effective mission statement is _____ words.


✓ <~~> less than 250




Which basic question should the vision statement answer?


Master01 | September, 2024/2025 | Latest update

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