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Download the full file instantly at to describe the articulation of a desired leadership position. This implies that: b- Strategy should focus on leadership and top managers’ skills c- Strategy should be more about fit and resource allocation, and less about stretch and resource leverage d- Strategy should be less about fit and resource allocation, and more about stretch and resource leverage today Multiple roles of strategy MC01.49 Concepts, theories, and analytical tools are: a- Complements to creativity, experience, and commitment b- Substitutes for creativity, experience, and commitment c- Not related d- Inevitably irreconcilable due to different ontological assumptions A 2 The role of analysis in strategy formulation Strategy definition MC01.50 Strategy analysis does not generate unique solutions to problems, because: a- Strategic management is a young science b- Strategic concepts and tools are produced by scholars, and not diffused to practitioners c- Top managers lack knowledge of strategic concepts and tools d- The strategic issues that companies face are too complex to be programmed d 3 The role of analysis in strategy formulation Strategy definition MC01.51 Strategy analysis: a- Offers comprehensive answers to all business and corporate strategy questions b- Is mainly a way to bring top managers together c- Is not useful when top managers have strong experience with their business d- Offers a framework to deal with complex situations and integrate skills, concepts, and tools d 2 The role of analysis in strategy formulation Strategy definition Grant Robert, Contemporary Strategy Analysis 7 th Ed. 2010 Test Bank Chapter 1 The concept of strategy - 15 - Download the full file instantly at
Full file at - Grant Download the full file instantly at Short Case Multiple Choice Questions Question title Question stem Rationale Ratio nale Diffi- culty References Topic SC01.01 The critical attributes that may explain artist Madonna’s longevity and success are: d 1 The role of strategy in success SC01.02 Is global warming a threat or an opportunity for the world’s automobile manufacturers? From corporate planning to strategic management Capsule 1.5 SWOT SC01.03 In a large US steel firm, the corporate planning process in 1965 could be described as: a- Integration of division strategic plans, iteration between divisions and the headquarters, and contact of banks to explore the best deal for providing capital b- Forecast of demand, determination of targets for each district, determination of need for additional production

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