BUS5117 Strategic Management Unit 1 Graded Quiz — 25 Q&A
Verified Answers 2025
Course:
BUS5117 Strategic Management — University of the People (UoPeople)
Level:
MBA
Year:
2025/2026
Format:
Graded Quiz Solutions — 25 Q&A with Verified Answers
BUS5117 Unit 1 Graded Quiz — Introduction to Strategic
Management
25 Questions with Verified Answers | Score: 96/100
Question 1:
Which of the following best defines the primary objective of strategic management within an
organization?
A) Maximizing short-term profitability to satisfy shareholder expectations.
B) Formulating and implementing cross-functional decisions that enable an organization to
achieve its long-term objectives.
C) Focusing exclusively on internal operational efficiencies to reduce overhead costs.
D) Designing daily operational tactics and managing routine employee performance.
Answer: B
Explanation:
Strategic management involves the ongoing planning, monitoring, analysis, and assessment of all
necessities an organization needs to meet its goals and objectives. Option B accurately captures
its cross-functional, long-term nature, whereas A, C, and D describe short-term, operational, or
narrowly focused tactical management functions rather than overarching strategy.
, Question 2:
The strategic management process is traditionally viewed as consisting of three distinct but
continuous stages. Which of the following correctly identifies these stages in their logical
sequence?
A) Strategy Evaluation, Strategy Formulation, Strategy Implementation
B) Strategy Implementation, Strategy Evaluation, Strategy Formulation
C) Strategy Formulation, Strategy Implementation, Strategy Evaluation
D) Strategy Execution, Strategy Planning, Strategy Adjustment
Answer: C
Explanation:
The strategic management process logically begins with strategy formulation (developing a vision,
mission, and identifying external opportunities/threats and internal strengths/weaknesses). This is
followed by strategy implementation (establishing annual objectives, devising policies, and
allocating resources) and concludes with strategy evaluation (reviewing external and internal
factors, measuring performance, and taking corrective actions).
Question 3:
During which stage of the strategic management process would a firm establish annual objectives,
devise policies, motivate employees, and allocate resources?
A) Strategy Formulation
B) Strategy Implementation
C) Strategy Evaluation
D) Environmental Scanning
Answer: B
Explanation:
Strategy implementation is the "action stage" of strategic management. It requires a firm to
establish objectives, devise policies, and allocate resources so that the formulated strategies can
be executed. Formulation is the planning phase, and evaluation is the assessment phase.
Question 4:
According to Henry Mintzberg's 5Ps of strategy, when an organization uses a specific maneuver
intended to outwit a competitor (such as temporarily lowering prices to drive a new entrant out of
the market), which "P" is being utilized?
Verified Answers 2025
Course:
BUS5117 Strategic Management — University of the People (UoPeople)
Level:
MBA
Year:
2025/2026
Format:
Graded Quiz Solutions — 25 Q&A with Verified Answers
BUS5117 Unit 1 Graded Quiz — Introduction to Strategic
Management
25 Questions with Verified Answers | Score: 96/100
Question 1:
Which of the following best defines the primary objective of strategic management within an
organization?
A) Maximizing short-term profitability to satisfy shareholder expectations.
B) Formulating and implementing cross-functional decisions that enable an organization to
achieve its long-term objectives.
C) Focusing exclusively on internal operational efficiencies to reduce overhead costs.
D) Designing daily operational tactics and managing routine employee performance.
Answer: B
Explanation:
Strategic management involves the ongoing planning, monitoring, analysis, and assessment of all
necessities an organization needs to meet its goals and objectives. Option B accurately captures
its cross-functional, long-term nature, whereas A, C, and D describe short-term, operational, or
narrowly focused tactical management functions rather than overarching strategy.
, Question 2:
The strategic management process is traditionally viewed as consisting of three distinct but
continuous stages. Which of the following correctly identifies these stages in their logical
sequence?
A) Strategy Evaluation, Strategy Formulation, Strategy Implementation
B) Strategy Implementation, Strategy Evaluation, Strategy Formulation
C) Strategy Formulation, Strategy Implementation, Strategy Evaluation
D) Strategy Execution, Strategy Planning, Strategy Adjustment
Answer: C
Explanation:
The strategic management process logically begins with strategy formulation (developing a vision,
mission, and identifying external opportunities/threats and internal strengths/weaknesses). This is
followed by strategy implementation (establishing annual objectives, devising policies, and
allocating resources) and concludes with strategy evaluation (reviewing external and internal
factors, measuring performance, and taking corrective actions).
Question 3:
During which stage of the strategic management process would a firm establish annual objectives,
devise policies, motivate employees, and allocate resources?
A) Strategy Formulation
B) Strategy Implementation
C) Strategy Evaluation
D) Environmental Scanning
Answer: B
Explanation:
Strategy implementation is the "action stage" of strategic management. It requires a firm to
establish objectives, devise policies, and allocate resources so that the formulated strategies can
be executed. Formulation is the planning phase, and evaluation is the assessment phase.
Question 4:
According to Henry Mintzberg's 5Ps of strategy, when an organization uses a specific maneuver
intended to outwit a competitor (such as temporarily lowering prices to drive a new entrant out of
the market), which "P" is being utilized?
