Question 1 5 / 5 points
One strategic responsibility of managers and employees at other levels throughout the organization is:
developing the organization’s vision.
Question 2 5 / 5 points
The board of directors in an organization:
plays a significant role in corporate governance.
is responsible for the implementation of the organization’s operating activities.
serves in the role of executive management.
is not an important part of the organization’s strategic development.
Question 3 5 / 5 points
The academic discipline primarily responsible for the development of strategic management is:
Question 4 5 / 5 points
In the development of strategic management as a discipline, Alfred Chandler wrote the book:
<i>The Teflon Leader</i>.
<i>The Pursuit of Excellence</i>.
<i>Strategy and Structure</i>.
Question 5 5 / 5 points
The emergence of strategic planning and strategic management dates back to the __________, when researchers began looking for explanations of organizational differences in performance and functioning.
Question 6 5 / 5 points
An organization’s __________ are its goal-directed plans and actions in which its capabilities and resources are matched with the opportunities and threats in its environment.
Question 7 5 / 5 points
__________ differences are fundamental differences between countries that encompass traditions, history, religious beliefs, and deep-seated values.
Question 8 5 / 5 points
Strategic management affects all organizational members. However, the only issue that differs among organizational members is the:
stage of the strategic management process.
scope of the individual’s actions.
development of the strategy.
Question 9 5 / 5 points
__________ involves how a corporation uses its resources and protects stakeholders’ interests.
Steering committee focus
Question 10 5 / 5 points
Strategic __________ is the ability to anticipate, envision, maintain flexibility, think strategically, and work with others in the organization to initiate changes that will create a viable and valuable future for the organization.
Question 11 5 / 5 points
__________ strategies are goal-directed plans and actions of the organization’s functional areas.
Question 12 5 / 5 points
An organization’s strategy is its goal-directed decisions and actions in which its capabilities and resources are matched with the __________ in its environment.
internal and external financial controls
opportunities and threats
sequential management process
Question 13 5 / 5 points
Globalization has created challenges because of the __________ that is necessary to make it work.
Question 14 5 / 5 points
The organization type which first utilized strategy was the __________ organization.
Question 15 5 / 5 points
The basic activities of strategic management include:
offense, defense, and control.
situation analysis, strategy formulation, strategy implementation, and strategy evaluation.
strategy development, strategy control, and strategy management.
ethics, management, and practice.
Question 16 5 / 5 points
__________ is/are the determination of the broad uses to which organizational resources will be deployed and the resolution of conflicts among the myriad participants in organizations.
Question 17 5 / 5 points
The __________ is an elected group that represents a company’s shareholders.
board of directors
senior management team
Question 18 5 / 5 points
Which of the following statements is NOT true regarding corporate strategies?
They are concerned with the broad and more long-term issues of the organization.
They are concerned with how the organization is going to compete in a specific business or industry.
They are concerned with the direction the organization is headed.
They are concerned with the business(es) that the organization is in and the businesses they want to be in.
Question 19 5 / 5 points
In addition to expanding the role of board members, the Sarbanes-Oxley Act of 2002 also called for more disclosure and transparency of:
the corporate vision.
the corporate mission.
the balanced scorecard.
Question 20 5 / 5 points
Situation analysis involves the process of:
designing and choosing appropriate organizational strategies.
analyzing the current environment of the organization.
identifying external competitive threats.
evaluating the internal aspects of the organization.