Quizzes for Capstone

QUIZ 1

Question 1 

1 out of 1 points


RsQ_002During what stage of strategic management are a firm's specific internal strengths and weaknesses determined?


Selected Answer:

Formulation


Answers:

Formulation


Implementation


Evaluation


Feedback


Goal-setting


Question 2 

1 out of 1 points


RsQ_006_______ is NOT a strategy-implementation activity.


Selected Answer:

Taking corrective actions


Answers:

Taking corrective actions


Establishing annual objectives


Devising policies


Allocating resources


Motivating employees


Question 3 

1 out of 1 points


RsQ_019Why Do Some Firms Not Do Strategic Planning?


Selected Answer:

Lack of knowledge in strategic planning and Poor reward structures for planning.


Answers:

Developing a vision statement


Establishing goals and objectives


Making a profit


Developing a mission statement


Lack of knowledge in strategic planning and Poor reward structures for planning.


Question 4 

1 out of 1 points


RsQ_015All of these are pitfalls an organization should avoid in strategic planning EXCEPT


Selected Answer:

using plans as a standard for measuring performance.


Answers:

using plans as a standard for measuring performance.


using strategic planning to gain control over decisions and resources.


failing to involve key employees in all phases of planning.


too hastily moving from mission development to strategy formulation.


being so formal in planning that flexibility and creativity are stifled.


Question 5 

1 out of 1 points


RsQ_014Which of the following is NOT a reason given for poor or no strategic...