BUSINESS STRATEGY EXAM 10 QUESTIONS
WITH 100% CORRECT ANSWERS!!
strategic management is a process where organizations analyze and learn from the
internal and external environment
the perspective that firms can influence their environment is called
enactment
the resources of a firm include all of the following except
industry
what defines the purpose for which a company exists and operates?
strategic direction
characteristics of strategic thinking include all but which of the following
core knowledge
the mcdonalds plant to win featured story portrayed which company that was divested
chipotle mexican grille
socio-cultural environments have meaning because
they influence trends in a particular region
suppliers in the five forces model are powerful when the following characteristics are
present except when they
are a direct competitor
the relationship that is important and most frequently used for industries that are heavily
regulated or subject to frequent government interferences is known as
trade associations
long term changes or movements that are substantial and last are known as
, trends
technological innovations that are widely adopted are known as
dominant design
the featured story, the african challenge, described all but which of the following reasons
why the local sudanese people are not hired to work in hotels and restaurants?
the government prohibits them from working
three of the four central components of strategic directions are
vision, definition and values
enterprise strategy refers to
the combining of ethical and strategic thinking in the firm
uses of mission statements include all but which of the following?
define the long-term strategy of the organization
the ethical theory that everyone should act in a way that generates the greatest benefits for
the largest number of people is known as
utilitarian theory
the mandarin oriental hotel group developed the following acronym to represent its
strategic direction and define its mission
delight
the acronym LEED refers to
leadership in energy and environmental design
organizational assets that are difficult to quantify, such as knowledge, are called
intangible resources
underlying philosophies that guide the decisions and behavior of a firm are
WITH 100% CORRECT ANSWERS!!
strategic management is a process where organizations analyze and learn from the
internal and external environment
the perspective that firms can influence their environment is called
enactment
the resources of a firm include all of the following except
industry
what defines the purpose for which a company exists and operates?
strategic direction
characteristics of strategic thinking include all but which of the following
core knowledge
the mcdonalds plant to win featured story portrayed which company that was divested
chipotle mexican grille
socio-cultural environments have meaning because
they influence trends in a particular region
suppliers in the five forces model are powerful when the following characteristics are
present except when they
are a direct competitor
the relationship that is important and most frequently used for industries that are heavily
regulated or subject to frequent government interferences is known as
trade associations
long term changes or movements that are substantial and last are known as
, trends
technological innovations that are widely adopted are known as
dominant design
the featured story, the african challenge, described all but which of the following reasons
why the local sudanese people are not hired to work in hotels and restaurants?
the government prohibits them from working
three of the four central components of strategic directions are
vision, definition and values
enterprise strategy refers to
the combining of ethical and strategic thinking in the firm
uses of mission statements include all but which of the following?
define the long-term strategy of the organization
the ethical theory that everyone should act in a way that generates the greatest benefits for
the largest number of people is known as
utilitarian theory
the mandarin oriental hotel group developed the following acronym to represent its
strategic direction and define its mission
delight
the acronym LEED refers to
leadership in energy and environmental design
organizational assets that are difficult to quantify, such as knowledge, are called
intangible resources
underlying philosophies that guide the decisions and behavior of a firm are
