Question 2: Please answer the following

_____ is best described as an integrative management field that combines analysis, formulation, and implementation in the quest for competitive advantage.

		Strategic management
		Supply chain management
		Integrated technology management
		Inventory management

_____ is best described as a strategy process in which organizational structure and systems allow bottom-up strategic initiatives to emerge and be evaluated and coordinated by top management.

		Planned emergence
		Scenario planning
		Top-down strategic planning
		Reverse engineering

Which of the following is an accurate statement about the relationship between firm effects and industry effects?

		Firm effects deal with the action of competitors; industry effects deal with internal circumstances.
		Firm effects deal with a manager's actions; industry effects deal with external circumstances.
		Firm effects deal with a manager's actions; industry effects deal with internal circumstances.
		Firm effects deal with the action of competitors; industry effects deal with external circumstances. Firm effects deal with a manager's actions, such as the actions that managers take toward employees. On the other hand, industry effects deal with external circumstances, such as types of products and services offered

Which of the following is an element of good strategy?

		an explanation of the firm's advantages over competitors
		a guiding policy to address employee satisfaction
		a set of coherent actions to implement the firm's guiding policy
		an approach that underestimates the competition

The _____ is a model that links strategy analysis, strategy formulation, and strategy implementation, which together helps managers plan and implement a strategy that can improve performance and result in competitive advantage.

		Sarbanes-Oxley Act
		stakeholder impact analysis
		AFI strategy framework
		Ansoff's growth strategy matrix