,DOWNLOAD THE Test Bank for Essentials of Strategic Management The Quest
for Competitive Advantage 5th Edition Gamble
Chapterm0
2mStrategymFormulation,mExecution,mandmGov
ernance
MultiplemChoicemQuestions
1. Whichmonemofmthemfollowingmismnotmonemofmthemfivemstagesmofmanmongoing,mc
ontinuousmstrategicmmanagementmprocess?
A. formingmamstrategicmvisionmofmthemcompany'smfuturemdirectionmandmfocus
B. settingmobjectivesmtommeasuremprogressmtowardmachievingmthemstrategicmvision
C. craftingmamstrategymtomachievemthemobjectivesmandmgetmthemcompanymwheremitmwantsmt
omgo
D. developingmamprofitablembusinessmmodel
E. implementingmandmexecutingmthemchosenmstrategymefficientlymandmeffectively
2. Whichmofmthemfollowingmismanmintegralmpartmofmthemmanagerialmprocessmofmcraftin
gmandmexecutingmstrategy?
A. developingmamprovenmbusinessmmodel
B. settingmobjectivesmandmusingmthemmasmyardsticksmformmeasuringmthemcompany'smper
formancemandmprogress
C. decidingmhowmmuchmofmthemcompany'smresourcesmtomemployminmthempursuitmofmsustain
ablemcompetitivemadvantage
D. communicatingmthemcompany'smmissionmandmpurposemtomallmemployees
E. decidingmonmthemcompositionmofmthemcompany'smboardmofmdirectors
2-1
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Education.
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3. Whenmcompaniesmadoptmthemstrategymmaking,mstrategymexecutionmprocess,mitmrequiresmthey
mstartmby
A. developingmamstrategicmvision,mmission,mandmvalues.
B. developingmamprovenmbusinessmmodel,mdecidingmonmthemcompany'smtopmmanageme
ntmteam,mandmcraftingmamstrategy.
C. settingmobjectives,mdevelopingmambusinessmmodel,mcraftingmamstrategy,mandmdecidingmho
wmmuchmofmthemcompany'smresourcesmtomemployminmthempursuitmofmsustainablemcompe
titivemadvantage.
D. comingmupmwithmamstatementmofmthemcompany'smmissionmandmcommunicatingmitmto
mallmemployees,msettingmobjectives,mselectingmambusinessmmodel,mandmmonitoringm
developmentsmandminitiatingmcorrectivemadjustmentsmtomthembusinessmmodelmwhenm
necessary.
E. decidingmonmthemcompany'smboardmofmdirectors,msettingmfinancialmobjectives,mcraftingma
mstrategy,mandmchoosingmwhatmbusinessmapproachesmandmoperatingmpracticesmtomempl
oy.
4. Themstrategicmmanagementmprocessmismshapedmby
A. management'smstrategicmvision,mstrategicmandmfinancialmobjectives,mandmstrategy.
B. themdecisionsmmadembymthemcompensationmandmauditmcommitteesmofmthemboardmofmdire
ctors.
C. externalmfactorsmsuchmasmthemindustry'smeconomicmandmcompetitivemconditionsmandmi
nternalmfactorsmsuchmasmthemcompany'smcollectionmofmresourcesmandmcapabilities.
D. amcompany'smcustomermvaluempropositionmandmprofitmformula.
E. actionsmtomstrengthenmcompetitivemcapabilitiesmandmcorrectmweaknesses,mactionsmtomst
rengthenmmarketmstandingmandmcompetitivenessmbymacquiringmormmergingmwithmotherm
companies,mandmactionsmtomentermnewmgeographicmormproductmmarkets.
5. Whenmamcompanymismconfrontedmwithmsignificantmindustrymchangemthatmmandatesmradical
mrevisionmofmitsmstrategicmcourse,mthemcompanymismsaidmtomhavemencounteredma(n)
A. learningmandmgrowthmperspective.
B. strategicminflectionmpoint.
C. strategicmroadblock.
2-2
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Education.
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D. newmstrategicmopportunity.
E. opportunitymformcorporatementrepreneurship.
2-3
Copyright © 2017 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill
Education.
mynursytest.store
for Competitive Advantage 5th Edition Gamble
Chapterm0
2mStrategymFormulation,mExecution,mandmGov
ernance
MultiplemChoicemQuestions
1. Whichmonemofmthemfollowingmismnotmonemofmthemfivemstagesmofmanmongoing,mc
ontinuousmstrategicmmanagementmprocess?
A. formingmamstrategicmvisionmofmthemcompany'smfuturemdirectionmandmfocus
B. settingmobjectivesmtommeasuremprogressmtowardmachievingmthemstrategicmvision
C. craftingmamstrategymtomachievemthemobjectivesmandmgetmthemcompanymwheremitmwantsmt
omgo
D. developingmamprofitablembusinessmmodel
E. implementingmandmexecutingmthemchosenmstrategymefficientlymandmeffectively
2. Whichmofmthemfollowingmismanmintegralmpartmofmthemmanagerialmprocessmofmcraftin
gmandmexecutingmstrategy?
A. developingmamprovenmbusinessmmodel
B. settingmobjectivesmandmusingmthemmasmyardsticksmformmeasuringmthemcompany'smper
formancemandmprogress
C. decidingmhowmmuchmofmthemcompany'smresourcesmtomemployminmthempursuitmofmsustain
ablemcompetitivemadvantage
D. communicatingmthemcompany'smmissionmandmpurposemtomallmemployees
E. decidingmonmthemcompositionmofmthemcompany'smboardmofmdirectors
2-1
Copyright © 2017 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill
Education.
mynursytest.store
,DOWNLOAD THE Test Bank for Essentials of Strategic Management The Quest
for Competitive Advantage 5th Edition Gamble
3. Whenmcompaniesmadoptmthemstrategymmaking,mstrategymexecutionmprocess,mitmrequiresmthey
mstartmby
A. developingmamstrategicmvision,mmission,mandmvalues.
B. developingmamprovenmbusinessmmodel,mdecidingmonmthemcompany'smtopmmanageme
ntmteam,mandmcraftingmamstrategy.
C. settingmobjectives,mdevelopingmambusinessmmodel,mcraftingmamstrategy,mandmdecidingmho
wmmuchmofmthemcompany'smresourcesmtomemployminmthempursuitmofmsustainablemcompe
titivemadvantage.
D. comingmupmwithmamstatementmofmthemcompany'smmissionmandmcommunicatingmitmto
mallmemployees,msettingmobjectives,mselectingmambusinessmmodel,mandmmonitoringm
developmentsmandminitiatingmcorrectivemadjustmentsmtomthembusinessmmodelmwhenm
necessary.
E. decidingmonmthemcompany'smboardmofmdirectors,msettingmfinancialmobjectives,mcraftingma
mstrategy,mandmchoosingmwhatmbusinessmapproachesmandmoperatingmpracticesmtomempl
oy.
4. Themstrategicmmanagementmprocessmismshapedmby
A. management'smstrategicmvision,mstrategicmandmfinancialmobjectives,mandmstrategy.
B. themdecisionsmmadembymthemcompensationmandmauditmcommitteesmofmthemboardmofmdire
ctors.
C. externalmfactorsmsuchmasmthemindustry'smeconomicmandmcompetitivemconditionsmandmi
nternalmfactorsmsuchmasmthemcompany'smcollectionmofmresourcesmandmcapabilities.
D. amcompany'smcustomermvaluempropositionmandmprofitmformula.
E. actionsmtomstrengthenmcompetitivemcapabilitiesmandmcorrectmweaknesses,mactionsmtomst
rengthenmmarketmstandingmandmcompetitivenessmbymacquiringmormmergingmwithmotherm
companies,mandmactionsmtomentermnewmgeographicmormproductmmarkets.
5. Whenmamcompanymismconfrontedmwithmsignificantmindustrymchangemthatmmandatesmradical
mrevisionmofmitsmstrategicmcourse,mthemcompanymismsaidmtomhavemencounteredma(n)
A. learningmandmgrowthmperspective.
B. strategicminflectionmpoint.
C. strategicmroadblock.
2-2
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Education.
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, DOWNLOAD THE Test Bank for Essentials of Strategic Management The Quest
for Competitive Advantage 5th Edition Gamble
D. newmstrategicmopportunity.
E. opportunitymformcorporatementrepreneurship.
2-3
Copyright © 2017 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill
Education.
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