Multiple Choice Questions (worth mark each) The strategy originally planned by top management is called grand strategy realized strategy emergent strategy none of the above The tool that enables executives to position an organization to take advantage of particular opportunities in the environment while avoiding or minimizing environmental threats is called PEST analysis SWOT analysis total quality management (TQM) analysis none of the above Strategies are formulated in the strategic management stage that occurs immediately after the assessment of internal strengths and weaknesses implementation of the strategy control of the strategy none of the above A no frills product targeted at the market at large is consistent with the low cost strategy differentiation strategy focus strategy none of the above Diversification allows a firm to concentrate its efforts on a single business use its resources more effectively create excess resources all of the above A firm seeking rapid growth should pursue internal growth external growth divestment of poor performing businesses a restructuring strategy The notion of distinctive competence is consistent with IO theory resource based theory contingency theory none of the above The acronym referring to the analysis of forces in the external environment is WASP PEST STOP SERCH A decline in a nation's GDP for two or more consecutive quarters is known as a depression a recession economic stagnation none of the above The reason for the firm's existence is known as the vision organizational goals organizational objectives none of the above Which of the following is not an example of a stakeholder customers suppliers employees none of the above An individual's responsibility to make business decisions that are legal, honest, moral, and fair is known as social responsibility the social imperative managerial ethics all of the above An increase in the breadth of an organization's structure is known as centralization decentralization horizontal growth vertical growth Which of the following could not be an example of a weakness product quality fierce competition human resources all of the above The formal means by which work is coordinated in an organization is called the organizational structure organizational culture organizational dynamic none of the above A lack of values and ways of thinking in a firm characterize a strong culture a weak culture the organizational culture none of the above Which of the following approaches bases the measurement of performance on an array of quantitative and qualitative factors instead of a single quantitative measure in the organization, such as profitability balanced scorecard PIMS analysis competitive benchmarking none of the above Top down change efforts are not always successful can be augmented through employee participation are not necessarily more effective than bottom up efforts all of the above Strategic control is important because it is difficult to know how well the firm is performing without it the organization's environment is uncertain and always changing lower level managers need an effective means of providing feedback to top management A B only Which type of alternative is always defensive in nature strength opportunity strength threat weakness opportunity weakness threat Multiple Choice Questions (worth mark each) The strategy originally planned by top management is called grand strategy realized strategy emergent strategy none of the above The tool that enables executives to position an organization to take advantage of particular opportunities in the environment while avoiding or minimizing environmental threats is called PEST analysis SWOT analysis total quality management (TQM) analysis none of the above Strategies are formulated in the strategic management stage that occurs immediately after the assessment of internal strengths and weaknesses implementation of the strategy control of the strategy none of the above A no frills product targeted at the market at large is consistent with the low cost strategy differentiation strategy focus strategy none of the above Diversification allows a firm to concentrate its efforts on a single business use its resources more effectively create excess resources all of the above A firm seeking rapid growth should pursue internal growth external growth divestment of poor performing businesses a restructuring strategy The notion of distinctive competence is consistent with IO theory resource based theory contingency theory none of the above The acronym referring to the analysis of forces in the external environment is WASP PEST STOP SERCH A decline in a nation's GDP for two or more consecutive quarters is known as a depression a recession economic stagnation none of the above The reason for the firm's existence is known as the vision organizational goals organizational objectives none of the above Which of the following is not an example of a stakeholder customers suppliers employees none of the above An individual's responsibility to make business decisions that are legal, honest, moral, and fair is known as social responsibility the social imperative managerial ethics all of the above An increase in the breadth of an organization's structure is known as centralization decentralization horizontal growth vertical growth Which of the following could not be an example of a weakness product quality fierce competition human resources all of the above The formal means by which work is coordinated in an organization is called the organizational structure organizational culture organizational dynamic none of the above A lack of values and ways of thinking in a firm characterize a strong culture a weak culture the organizational culture none of the above Which of the following approaches bases the measurement of performance on an array of quantitative and qualitative factors instead of a single quantitative measure in the organization, such as profitability balanced scorecard PIMS analysis competitive benchmarking none of the above Top down change efforts are not always successful can be augmented through employee participation are not necessarily more effective than bottom up efforts all of the above Strategic control is important because it is difficult to know how well the firm is performing without it the organization's environment is uncertain and always changing lower level managers need an effective means of providing feedback to top management A B only Which type of alternative is always defensive in nature strength opportunity strength threat weakness opportunity weakness threat

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Question: Multiple Choice Questions (worth mark each): The strategy originally planned by top management is called__________. grand strategy realized strategy emergent strategy none of the above

Multiple Choice Questions (worth mark each):

The strategy originally planned by top management is called__________.
1. grand strategy
2. realized strategy
3. emergent strategy
4. none of the above
The tool that enables executives to position an organization to take advantage of particular opportunities in the environment while avoiding or minimizing environmental threats is called_______.
1. PEST analysis
2. SWOT analysis
3. total quality management (TQM) analysis
4. none of the above
Strategies are formulated in the strategic management stage that occurs immediately after__________.
1. the assessment of internal strengths and weaknesses
2. implementation of the strategy
3. control of the strategy
4. none of the above

A no-frills product targeted at the market at large is consistent with the_______.

1. low-cost strategy
2. differentiation strategy
3. focus strategy
4. none of the above
Diversification allows a firm to________.
1. concentrate its efforts on a single business
2. use its resources more effectively
3. create excess resources
4. all of the above

A firm seeking rapid growth should pursue________.
1. internal growth
2. external growth
3. divestment of poor performing businesses
4. a restructuring strategy

The notion of distinctive competence is consistent with__________.

IO theory
resource-based theory
contingency theory
none of the above

The acronym referring to the analysis of forces in the external environment is__________.
1. WASP
2. PEST
3. STOP
4. SERCH

A decline in a nation's GDP for two or more consecutive quarters is known as__________.

a depression
a recession
economic stagnation
none of the above

The reason for the firm's existence is known as________.

the vision
organizational goals
organizational objectives
none of the above

Which of the following is not an example of a stakeholder?

customers
suppliers
employees
none of the above

An individual's responsibility to make business decisions that are legal, honest, moral, and fair is known as________.

social responsibility
the social imperative
managerial ethics
all of the above

An increase in the breadth of an organization's structure is known as_______.
1. centralization
2. decentralization
3. horizontal growth
4. vertical growth

Which of the following could not be an example of a weakness?
1. product quality
2. fierce competition
3. human resources
4. all of the above

The formal means by which work is coordinated in an organization is called the_______.
1. organizational structure
2. organizational culture
3. organizational dynamic
4. none of the above

A lack of values and ways of thinking in a firm characterize_______.
1. a strong culture
2. a weak culture
3. the organizational culture
4. none of the above

Which of the following approaches bases the measurement of performance on an array of quantitative and qualitative factors instead of a single quantitative measure in the organization, such as profitability?
1. balanced scorecard
2. PIMS analysis
3. competitive benchmarking
4. none of the above
Top-down change efforts_______.

are not always successful
can be augmented through employee participation
are not necessarily more effective than bottom-up efforts
all of the above

Strategic control is important because_______.
1. it is difficult to know how well the firm is performing without it
2. the organization's environment is uncertain and always changing
3. lower-level managers need an effective means of providing feedback to top management
4. A & B only

Which type of alternative is always defensive in nature?
1. strength-opportunity
2. strength-threat
3. weakness-opportunity
4. weakness-threat

Multiple Choice Questions (worth mark each):

The strategy originally planned by top management is called__________.
1. grand strategy
2. realized strategy
3. emergent strategy
4. none of the above
The tool that enables executives to position an organization to take advantage of particular opportunities in the environment while avoiding or minimizing environmental threats is called_______.
1. PEST analysis
2. SWOT analysis
3. total quality management (TQM) analysis
4. none of the above
Strategies are formulated in the strategic management stage that occurs immediately after__________.
1. the assessment of internal strengths and weaknesses
2. implementation of the strategy
3. control of the strategy
4. none of the above

A no-frills product targeted at the market at large is consistent with the_______.

1. low-cost strategy
2. differentiation strategy
3. focus strategy
4. none of the above
Diversification allows a firm to________.
1. concentrate its efforts on a single business
2. use its resources more effectively
3. create excess resources
4. all of the above

A firm seeking rapid growth should pursue________.
1. internal growth
2. external growth
3. divestment of poor performing businesses
4. a restructuring strategy

The notion of distinctive competence is consistent with__________.

IO theory
resource-based theory
contingency theory
none of the above

The acronym referring to the analysis of forces in the external environment is__________.
1. WASP
2. PEST
3. STOP
4. SERCH

A decline in a nation's GDP for two or more consecutive quarters is known as__________.

a depression
a recession
economic stagnation
none of the above

The reason for the firm's existence is known as________.

the vision
organizational goals
organizational objectives
none of the above

Which of the following is not an example of a stakeholder?

customers
suppliers
employees
none of the above

An individual's responsibility to make business decisions that are legal, honest, moral, and fair is known as________.

social responsibility
the social imperative
managerial ethics
all of the above

An increase in the breadth of an organization's structure is known as_______.
1. centralization
2. decentralization
3. horizontal growth
4. vertical growth

Which of the following could not be an example of a weakness?
1. product quality
2. fierce competition
3. human resources
4. all of the above

The formal means by which work is coordinated in an organization is called the_______.
1. organizational structure
2. organizational culture
3. organizational dynamic
4. none of the above

A lack of values and ways of thinking in a firm characterize_______.
1. a strong culture
2. a weak culture
3. the organizational culture
4. none of the above

Which of the following approaches bases the measurement of performance on an array of quantitative and qualitative factors instead of a single quantitative measure in the organization, such as profitability?
1. balanced scorecard
2. PIMS analysis
3. competitive benchmarking
4. none of the above
Top-down change efforts_______.

are not always successful
can be augmented through employee participation
are not necessarily more effective than bottom-up efforts
all of the above

Strategic control is important because_______.
1. it is difficult to know how well the firm is performing without it
2. the organization's environment is uncertain and always changing
3. lower-level managers need an effective means of providing feedback to top management
4. A & B only

Which type of alternative is always defensive in nature?
1. strength-opportunity
2. strength-threat
3. weakness-opportunity
4. weakness-threat

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