True Or False )

1- External stakeholders are groups or individuals outside the organization that have a particular interest in and a major impact on the organization.

2- Enactment is the process of influencing the environment through strategic actions.

3- Strategic management begins with the creation and execution of strategies, followed by the definition of goals that can be met by following these strategies.

4- Strategic management includes a process by which organizations analyze and learn from their internal and external environments.

5- Unless an internal capability or resource is costly or difficult to imitate by competitors, the capability or resource is unlikely to lead to a sustainable competitive advantage.

Choose the right answer

6- According to the resource-based view of the firm:

A) Organizational resources include physical resources such as plants

B) The characteristics of resources firms possess influences their financial performance

C) Organizational resources include knowledge

D) All of these

7- How often should a SWOT Analysis be performed?

A) Only when specific issues need to be addressed

B) At least once per year

C) Only when the business starts

D) Every 3-5 years

8- What are the two types of change management?

A) Real change and superficial change

B) Incremental change and circular change

C) Radical change and transformational change

D) Incremental change and transformational change

9- In a SWOT analysis, an organizational weakness can be:

A) Something an organization does not do well

B) An important resource that an organization does not possess

C) All the above

10- Strategy formulation involves which of the following?

A) Corporate-level, business-level, and division-level strategy formulation

B) Functional-level, employee-level, and customer-level strategy formulation

C) Corporate-level, business-level, and functional-level strategy formulation

D) Domain navigation, market orientation, and customer definition strategy formulation

Please answer without reason