1.
The term _________ is used to refer to strategy formulation, implementation, and evaluation,
with _________referring only to strategy formulation.
o
strategic planning; strategic management
o
assessment; planning
o
strategic management; strategic planning
o
management cycle; brainstorming
2.
Which of these requires a firm to establish annual objectives, devise policies, and allocate
resources?
o
Strategy formulation
o
Strategy implementation
o
Strategy manipulation
o
Strategy evaluation
3.
The rationale for periodically conducting strategic-management meetings away from the work
site is to encourage more _____________ and ____________ among participants.
o
feedback; rigidity
o
creativity; candour
o
confidence; self-interest
o
strategy evaluation; candour
4.
Anything that a firm does especially well compared to rival firms is referred to as:
o
Competitive advantage.
o
Comparative advantage.
o
An external opportunity.
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o
Opportunity cost.
5.
Both military and business organizations do all of the following except:
o
Use of the element of surprise.
o
Aim "to gain competitive advantage."
o
Use the assumption of conflict to develop strategies.
o
Use their own strengths to exploit competitors' weaknesses.
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- Fall '09
- SHAMIMZUBERI
- Management
-
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