BUS 4407-01 Strategic Management Correct Questions & Answers!!
0 view 0 purchase
Course
BUS 4407-01 Strategic Management
Institution
BUS 4407-01 Strategic Management
Which of the following is NOT a component of a thorough strategic management process?
Select one:
a. Strategy dissembling
b. Strategic analysis
c. Strategic choice
d. Strategy implementation - ANSWERa. Strategy dissembling
A comprehensive definition of strategy encompasses which of the foll...
BUS 4407-01 Strategic Management
Correct Questions & Answers!!
Which of the following is NOT a component of a thorough strategic management process?
Select one:
a. Strategy dissembling
b. Strategic analysis
c. Strategic choice
d. Strategy implementation - ANSWERa. Strategy dissembling
A comprehensive definition of strategy encompasses which of the following elements?
Select one:
a. Scope
b. Resources
c. Environment
d. All of the above - ANSWERd. All of the above
Which of the following represents a functional level strategy?
Select one:
a. Human resources
b. Marketing
c. Research and development
d. All of the above - ANSWERd. All of the above
After a strategy has been selected, what is the next step in the strategic process?
Select one:
a. Blue sky estimation
b. Legal review
c. Implementation
,d. Tax compliance - ANSWERc. Implementation
Which of the following is an example of a stakeholder in the construction of a new convenience
store?
Select one:
a. A private home immediately adjacent to a small convenience store.
b. The manager of a small convenience store.
c. The government-run airport in the neighboring county.
d. Choices A and B. - ANSWERd. Choices A and B.
Which of the following might be included in an organization's mission statement?
Select one:
a. Geographic areas and markets served
b. Current and future products
c. Profitability and the organization's business type
d. All of the above - ANSWERd. All of the above
Which general approach to strategic management is based on economic theory?
Select one:
a. Communal
b. Sociological
c. Industrial Organizational
d. Venetian - ANSWERc. Industrial Organizational
The collection and subsequent analysis of publicly available information about other organizations in
the same market space is known as:
Select one:
a. A SWOT
b. Competitive intelligence.
c. Datatel.
d. Database construction. - ANSWERb. Competitive intelligence.
, How long into the future should a vision statement look?
Select one:
a. At least five years to set a lofty future state.
b. No more than five years, because the business environment is very turbulent.
c. Five years exactly so that costs can be depreciated for tax reasons.
d. The same period as the mission statement to ensure pairing of resources and objectives. -
ANSWERa. At least five years to set a lofty future state.
What kind of strategy is associated with very specific outcomes or objectives, operation managerial
involvement, and brief time horizons?
Select one:
a. Values-driven
b. Concentric
c. Functional
d. Cooperative - ANSWERc. Functional
Which of the following is NOT one of the three hierarchical levels of strategy?
Select one:
a. Corporate
b. Profit
c. Business unit
d. Functional - ANSWERb. Profit
Which of the following is NOT a benefit of gathering information about competitors?
Select one:
a. Reducing the impact of surprise strategic moves.
b. Enhancing competitive advantag.
c. Protecting against anti-competitive government sanctions.
d. Detecting new competitive threats. - ANSWERc. Protecting against anti-competitive government
sanctions.
Finding a new application for an old product among current users is known as:
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller papersbyjol. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $13.49. You're not tied to anything after your purchase.
