Your Results: The correct answer for each question is indicated by a . 1 CORRECT Which one of the following is not an integral part of the managerial process of crafting and executing strategy? A) Developing a strategic vision, mission and values. B) Choosing a strategic intent. C) Setting objectives. D) Executing the strategy. E) Monitoring developments, evaluating performance, and initiating corrective adjustments. 2 INCORRECT A strategic vision for a company A) involves how fast to pursue the chosen strategy and reach the targeted levels of performance. B) consists of thinking through what it will take to make the chosen strategy work as planned. C) describes management's aspirations for the business, providing a panoramic view of "where we are going" and a convincing rationale for why this makes good business sense for the company?a strategic vision thus points an organization in a particular direction and charts a strategic path for it to follow in preparing for the future. spells out how the company is going to get from where it is now to where it want to go and when it is expected to arrive.
3 CORRECTWhich of the following statements about a company's values is false?
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- Spring '13
- Management, 10%, 20%, 17%, 2 years, $500 million