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 man
Most practitioners and academicians of strategic management feel that an effective mission statement exhibits _ characteristics or components.
o five o twelve o nine o three
Carefully prepared _ and _ are widely recognized by both practitio
According to I/O theorists, which of the following contributes least to firm performance?
o Internal resources o Economies of scale o Barriers to market entry o Product differentiation
2. The external audit is aimed at:
o taking advantage of p
A firm's strengths that cannot be easily matched or imitated by competitors are called:
o External opportunities. o Distinctive competencies. o Special properties. o Competitive ventures.
_ can inhibit strategic management, for example, by
_ is based on the belief that the true measure of a really good strategist is the ability to solve problems.
o Managing by subjective o Managing by extrapolation o Managing by crisis o Managing by hope
Long-term objectives are needed at the
The _ is based on 2 key dimensions: the IFE total weighted scores on x-axis and the EFE total weighted scores on the y-axis.
o IE Matrix o SPACE Matrix o BCG Matrix o Grand Strategy Matrix
_ are defensive tactics directed at reducing intern