Your browser does not support JavaScript!
AMA University Answers
Login Register

Strategic Management

Showing 76-138 of 138 answers

Only verifiable
  • TRUE Correct
Organizations need to set adequate and appropriate objective to cover all performance areas.
  • TRUE Correct
Particular to companies that provide services such
  • Turnkey Projects Correct
Policy must be unambiguous. It should avoid use of jargons andconnotations.
  • TRUE Correct
Policy should be__________ or else it will lead to indecisiveness anduncertainty in minds of those who look into it for guidance.
  • Stable Correct
Putting Strategy into action.
  • Strategy Implementation Correct
Selecting strategies based on analysis of an organization's external and internal environment.
  • Strategy Formulation Correct
Set of related actions that managers take to increase their company's performance.
  • Strategy Correct
Short-term milestones that organizations must achieve to reach long-term objectives.
  • Annual Objectives Correct
Some firms do not do strategic planning because some may think that if a firm is successful, individuals may feel there is no
  • TRUE Correct
Some organization do not engage in strategic planning because managers and employees show no support.
  • TRUE Correct
Statement of how employees should conduct themselves and their business to help achieve the company mission.
  • Values Correct
Strategic Management serves as a foundation for all key decisions of the firm.
  • TRUE Correct
Strategic objectives should not be communicated to the employees to protect the important information.
  • FALSE Correct
Strategy deals with long term developments rather than short-term operations.
  • FALSE Correct
Strategy Evaluation is where the organization’s mission, objectives, andstrategies are defined and set.
  • FALSE Correct
Strategy has its antecedents in:
  • Militaryconflicts Correct
Strategy Implementation ensures the long-term survival of the firm while coping with competition and
  • FALSE Correct
Strategy is concerned with both thought and actions. While policy isconcerned mostly with action.
  • FALSE Correct
Strategy is derived from the Greek word strategos, meaning military leader or general.
  • TRUE Correct
Strategy must be uniform enough so that it can beefficiently followed by the subordinates.
  • FALSE Correct
Strategy provides overall framework for guiding organizational thinkingand action.
  • TRUE Correct
Strategy provides some framework for guiding organizational thinking
  • FALSE Correct
Strategyanalysis is also referred to as:
  • SWOT analysis Correct
Strategyformulation takes place at two levels. These are:
  • Conscious and sub-conscious Correct
SWOT stands for ?
  • Strengths, weaknesses, opportunities, threats Correct
tackles theand _________of the activities of theorganization.
  • what, why Correct
Technological advancement can create new advantages that are more powerful than existing advantages.
  • Competitive Correct
The action stage of strategic management is called strategy  formulation.
  • FALSE Correct
The goals of an organization derive from its:
  • Mission Correct
The negative trends in external environmental factors?
  • Threats Correct
The quality of the objectives can be judge on the basis of its ability to give scientific direction.
  • FALSE Correct
The quality of the objectives can be judged on the
  • TRUE Correct
The statement of an organization’saspirations can be found in the organization’s:
  • Vision statement Correct
The systematic analysis of the factor associated with customers andcompetitors and the organization itself to provide the basis for maintaining optimummanagement practices.
  • Strategic Management Correct
The translation of the strategy into action takes place here, and it details the firm's competitive tactics and initiatives.
  • Business model Correct
Thekey activities in the strategic management process are
  • Analysis, formulation, implementation Correct
Theperspective on that is associated with framework such asthe
  • Emergent School Correct
They are the end users of the products and services that the company
  • Customers Correct
This addresses the management or leadership in force within theorganization, from top management to the team leaders and managers in thesmaller units.
  • Style Correct
This does notimply that a policy should be altered always, but it should be wide in scope so asto ensure that the line managers use them in repetitive/routine scenarios.
  • Flexibility Correct
This is done to estimate the degree of variation
  • Performance analysis Correct
This level concentrates on how an organization is going to
  • Functional Level Strategy Correct
This level outlines what you want to achieve: growth,
  • Corporate level strategy Correct
This promise high returns so reinvest heavily to defend market share and position.
  • Stars Correct
Thistakes Strategic Intent to an all-together new level by including the employee'semotions with the organization aspirations.
  • Sense of Destiny Correct
viewed that in developing strategy,it was essential to systematically anticipate future environmental challenges to anorganization, and draw up appropriate strategic plans for responding to thesechallenges.
  • Igor Ansoff Correct
What are the Five (5) factors that support strategy implementation?
  • People, resources, structure, Systems, Culture Correct
What are the Steps Involved in Environmental analysis?
  • Identifying, Scanning, Analyzing, Forecasting Correct
What are the three major components in Strategic Management?
  • Strategy Formulation, strategy implementation, strategy evaluation Correct
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 Correct
When an organization assumes success, it often fails to reward
  • Poor reward structure Correct
When companies decide to compete internationally, they should
  • FALSE Correct
Which is an element of strategy Implementation?
  • Organizational systems and processes Correct
Which is in a proper order?
  • Corporate level, Business level, Functional level Correct
Which is not a Pitfall in Strategic Planning?
  • The correct answer is: Correct
Which is not an element of Strategy  Formulation?
  • People and leadership Correct
Which is not belong in the group?
  • Business management level Correct
Which of the following is not a major attribute of strategic intent?
  • Sense of Awareness Correct
Which of the following is the third step in strategy  formulation?
  • Forming Quantitative Goals Correct
Who are the individuals who are most responsible for the success or failure of an
  • Strategist Correct
Without a perfect foresight, the firms must be ready to deal with theuncertain events which constitute the business environment.
  • TRUE Correct
works well for firms that have a repeatable business model
  • Franchising Correct
All courses