Chapter 9 Study Guide - Strategic Management Concepts and Cases 13e(David Chapter 9 Strategy Review Evaluation and Control 1 Most strategists believe

Chapter 9 Study Guide - Strategic Management Concepts and...

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Strategic Management: Concepts and Cases, 13e (David) Chapter 9 Strategy Review, Evaluation, and Control1) Most strategists believe that an organization's well being depends on evaluation of the strategic-management process.Diff: 1 Page Ref: 286Topic: The Nature of Strategy EvaluationObjective: 9.02 Explain why strategy evaluation is complex, sensitive, and yet essential for organizational success.2) Adequate, timely feedback is important to effective strategy evaluation.Diff: 1 Page Ref: 287Topic: The Nature of Strategy EvaluationObjective: 9.02 Explain why strategy evaluation is complex, sensitive, and yet essential for organizational success.3) Too much emphasis on evaluating strategies may be expensive and counterproductive.Diff: 2 Page Ref: 287Topic: The Nature of Strategy EvaluationObjective: 9.02 Explain why strategy evaluation is complex, sensitive, and yet essential for organizational success.4) Strategy evaluation should have a long-run focus and avoid a short-run focus.Diff: 2 Page Ref: 287Topic: The Nature of Strategy EvaluationObjective: 9.02 Explain why strategy evaluation is complex, sensitive, and yet essential for organizational success.5) According to Richard Rumelt, consonance and consistency are mostly based on a firm's external assessment.Diff: 2 Page Ref: 288Topic: The Nature of Strategy EvaluationObjective: 9.02 Explain why strategy evaluation is complex, sensitive, and yet essential for organizational success.
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6) According to Rumelt, consistency and feasibility are largely based on a firm's internal assessment.Diff: 2 Page Ref: 288Topic: The Nature of Strategy EvaluationObjective: 9.02 Explain why strategy evaluation is complex, sensitive, and yet essential for organizational success.7) Consistency, distinctiveness, advantage and feasibility are Richard Rumelt's four criteria for evaluating a strategy.Diff: 2 Page Ref: 288Topic: The Nature of Strategy EvaluationObjective: 9.02 Explain why strategy evaluation is complex, sensitive, and yet essential for organizational success.8) Strategy evaluation is becoming increasingly easier with the passage of time, given technological advances.Diff: 3 Page Ref: 289Topic: The Nature of Strategy EvaluationObjective: 9.02 Explain why strategy evaluation is complex, sensitive, and yet essential for organizational success.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.Diff: 2 Page Ref: 289Topic: The Nature of Strategy EvaluationObjective: 9.02 Explain why strategy evaluation is complex, sensitive, and yet essential for organizational success.10) Strategies may be inconsistent if policy problems and issues continue to be brought to the top for resolution.
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