Strategic Mgmt Exam Questions With Revised
Correct Answers
Save
Terms in this set (60)
is management's storyline for how it will generate
revenues ample to cover costs and produce a profit—
A company's business
absent the ability to deliver good profitability, the
model
strategy is not viable and the survival of the business
is in doubt.
Which one of the A desire on the part of company managers to
following does not develop new strategy elements on the fly
account for why a
company's strategy
evolves from one version
to another?
strategy relates broadly to a company's competitive
moves and business approaches (which may or may
The difference between a
not lead to profitability) while its business model
company's strategy and a
relates to whether the revenues and costs flowing
company's business model
from the strategy demonstrate that the business is
is that
viable from the standpoint of being able to earn
satisfactory profits and returns on investment.
Which of the following A company's strategy is typically a blend of proactive
statements about a and reactive strategy elements.
company's strategy is
true?
, Crafting and executing good strategy coupled with good strategy execution
strategy are top-priority greatly raises the chances that a company will be a
managerial tasks because standout performer in the marketplace.
"among all the many different business approaches
and ways of competing we could have chosen, we
In crafting a strategy, have decided to employ this particular combination of
management is in effect competitive and operating approaches in moving the
saying company in the intended direction, strengthening its
market position and competitiveness, and boosting
performance."
One of the keys to to come up with one or more strategy elements that
successful strategy- act as a magnet to draw customers and yield a lasting
making is competitive edge.
a blend of proactive actions to improve the
It is normal for a
company's competitiveness and financial
company's strategy to end
performance and adaptive reactions to unanticipated
up being
developments and fresh market conditions.
fits the company's internal and external situation,
A winning strategy is one
builds sustainable competitive advantage, and
that
improves company performance.
managers need to come up with some distinctive
In crafting a company's
"aha" element to the strategy that draws in customers
strategy,
and produces a competitive edge over rivals.
is really a collection of strategic initiatives and actions
A company's overall
devised by managers and key employees up and
strategy
down the whole organizational hierarchy.
A set of "stretch" financial is an effective tool for avoiding ho-hum results.
and strategic objectives
One of the important clearly communicate management's aspirations for the
benefits of a well- company to stakeholders and help steer the energies
conceived and well-stated of company personnel in a common direction.
strategic vision is to
Correct Answers
Save
Terms in this set (60)
is management's storyline for how it will generate
revenues ample to cover costs and produce a profit—
A company's business
absent the ability to deliver good profitability, the
model
strategy is not viable and the survival of the business
is in doubt.
Which one of the A desire on the part of company managers to
following does not develop new strategy elements on the fly
account for why a
company's strategy
evolves from one version
to another?
strategy relates broadly to a company's competitive
moves and business approaches (which may or may
The difference between a
not lead to profitability) while its business model
company's strategy and a
relates to whether the revenues and costs flowing
company's business model
from the strategy demonstrate that the business is
is that
viable from the standpoint of being able to earn
satisfactory profits and returns on investment.
Which of the following A company's strategy is typically a blend of proactive
statements about a and reactive strategy elements.
company's strategy is
true?
, Crafting and executing good strategy coupled with good strategy execution
strategy are top-priority greatly raises the chances that a company will be a
managerial tasks because standout performer in the marketplace.
"among all the many different business approaches
and ways of competing we could have chosen, we
In crafting a strategy, have decided to employ this particular combination of
management is in effect competitive and operating approaches in moving the
saying company in the intended direction, strengthening its
market position and competitiveness, and boosting
performance."
One of the keys to to come up with one or more strategy elements that
successful strategy- act as a magnet to draw customers and yield a lasting
making is competitive edge.
a blend of proactive actions to improve the
It is normal for a
company's competitiveness and financial
company's strategy to end
performance and adaptive reactions to unanticipated
up being
developments and fresh market conditions.
fits the company's internal and external situation,
A winning strategy is one
builds sustainable competitive advantage, and
that
improves company performance.
managers need to come up with some distinctive
In crafting a company's
"aha" element to the strategy that draws in customers
strategy,
and produces a competitive edge over rivals.
is really a collection of strategic initiatives and actions
A company's overall
devised by managers and key employees up and
strategy
down the whole organizational hierarchy.
A set of "stretch" financial is an effective tool for avoiding ho-hum results.
and strategic objectives
One of the important clearly communicate management's aspirations for the
benefits of a well- company to stakeholders and help steer the energies
conceived and well-stated of company personnel in a common direction.
strategic vision is to
