BUSINESS HRMT 2285-chapter_1. questions and answers

BUSINESS HRMT 2285-chapter_1. questions and answers dicate whether the statement is true or false. 1. Strategic intent is an intangible corporate goal. a. True b. False 2. Hard objectives deal with social issues such as the ethics and values of an organization. a. True b. False 3. Opportunities and threats are environmental conditions external to the firm that have limited benefit and are harmful to the organization. a. True b. False 4. “Core competencies” refers to the integrated knowledge sets within an organization that distinguish it from its competitors and deliver value to customers. a. True b. False 5. The decision to merge with another company is an example of a growth strategy. a. True b. False 6. SWOT analysis refers to the systematic and regular monitoring of environmental factors influencing the organization. a. True b. False 7. When a company can no longer pay its creditors, the company may file for bankruptcy. a. True b. False 8. Competitive advantage of an organization includes the characteristics that enable it to earn higher rates of interest on its investments than its competitors. a. True b. False 9. Dynamic capabilities are the abilities of an organization to adapt and renew its competencies in accordance with a changing business environment. a. True b. False 10. Emergent strategy is the plan that changes incrementally due to environmental changes. a. True b. False 11. A vision statement would answer the questions “Who are we?” and “Why are we here?” a. True b. False 12. A “harvest” strategy can also be conceptualized as a “retrenchment” strategy because the goal is to restructure and not grow. a. True b. False 13. In general, a restructuring strategy is one that deals with companies that are operating at a surplus and are typically described as “money-making.” a. True b. False 14. Values guide the behaviour of individuals within an organization. a. True b. False 15. To be successful, a company must adopt only one corporate strategy. a