Business Integration and Strategic Management Review.docx -...

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Section 1: Strategy Concepts – Pre-test: 20%1.A _____ is a statement that provides insights into the reason for a firm’s existence.
2.The firm attempts to achieve its goals through a combination of resources and _____.
3.Checkers Drive In and Redbox are examples of a _____ strategy.
4.When leaders are unable to achieve competitive advantage either through cost leadership or differentiation, the organization _____.
5.The ultimate goal of an organization is to _____ and _____ value to its customers.
6.A firm has many goals and a set of _____ that shape the achievement of the goals.
7.The difference between goals and objectives is that goals are _____ and objectives are _____.
8.The five-stage strategic management process is comprised of mission and vision, objectives, strategy formulation, _____, and _____.
9.Cinnabon and Kopi Luwak are examples of a _____ strategy.
Section 2: Strategic Leadership – Pre-test: 75%1.The key drivers of change are technology, changing market requirements, and _____.
2.The purpose of _____ in leadership is to synthesize conflicting viewpoints.

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