David_TIF_Ch09 - 182 CHAPTER 9 Strategy Review, Evaluation...

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CHAPTER 9 Strategy Review, Evaluation and Control True/False The Nature of Strategy Evaluation 1. Most strategists believe that an organization’s well being depends on evaluation of the strategic-management process. Ans: T Page: 337 2. Adequate, timely feedback is important to effective strategy evaluation. Ans: T Page: 337 3. Too much emphasis on evaluating strategies may be expensive and counterproductive. Ans: T Page: 337 4. Strategy evaluation should have a long-run focus and avoid a short-run focus. Ans: F Page: 327 5. According to Richard Rumelt, consonance and consistency are based on a firm’s external assessment. Ans: F Page: 337 6. According to Rumelt, consistency and feasibility are largely based on a firm’s internal assessment. Ans: T Page: 337 7. Consistency, distinctiveness, advantage and feasibility are Richard Rumelt’s four criteria for evaluating a strategy. Ans: F Page: 337 8. Strategy evaluation is becoming increasingly easier with the passage of time, given the technological advances. Ans: F Page: 337 182
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9. The decreasing time span for which planning can be done with any degree of certainty is a reason strategy evaluation is more difficult today. Ans: T Page: 337 10. Strategies may be inconsistent if policy problems and issues continue to be brought to the top for resolution. Ans: T Page: 338 11. Competitive advantages normally are the result of superiority in one of three areas: feasibility, consistency, or consonance. Ans: F Page: 338 12. Regardless of the size of the organization, a certain amount of management by wandering around at all levels is essential to effective strategy evaluation. Ans: T Page: 339 13. Because large companies have more at stake, it is more important for large organizations to conduct strategy evaluation than small companies. Ans: F Page: 339 14. The end of the fiscal year is the best time to do strategy evaluation. Ans: F Page: 339 A Strategy-Evaluation Framework 15. Changes in the organization’s management, marketing, finance, R&D and CIS strengths and weaknesses should all be the focus of a revised EFE matrix in strategy evaluation. Ans: F Page: 340 16. In strategy evaluation, a revised IFE matrix should indicate how effective a firm’s strategies have been in response to key opportunities and threats. Ans: F Page: 340 183
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17. Strengths, weaknesses, opportunities and threats should continually be monitored for change because it is not really a question of whether these factors will change but rather when they will change and in what ways. Ans: T Page: 341 18. When taking corrective action, you need to compare expected results to actual results. Ans: F Page: 342 19. Criteria for evaluating strategies should be measurable and easily verifiable. Ans: T
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David_TIF_Ch09 - 182 CHAPTER 9 Strategy Review, Evaluation...

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