CH 9: Strategy Review, Evaluation, Control UPDATED ACTUAL Questions and CORRECT Answers

CH 9: Strategy Review, Evaluation, Control UPDATED ACTUAL Questions and
CORRECT Answers

Strategy evaluation is: well-being
- Vital to the org's mgmt, problems
- alert to potential/actual in timely fashion negative, organizations
- Erroneous strategic decisions can have severe
impact on


The 3 Basic Activities of Strategy Review, Evaluation, underlying strategy
and Control: expected, actual
1. examine the bases of a firm's corrective performance plans
2. Compare to results
3. Take actions to ensure that conforms to




The Appraisals of Strategic Performance: assets
- increase in profitability
- increase in sales
- increase in productivity
- increase in profit margins, roi, eps
- increase in , , ratios?


Rumelt's 4 Criteria of Strategy Review, Evaluation, consistency
and Control consonance
feasibility
advantage


Rumelt's 4 Criteria of Strategy Review, Evaluation, inconsistent
and Control:
- Consistency: Strategy should not present goals
and policies


Rumelt's 4 Criteria of Strategy Review, Evaluation, strategists, sets, individual
and Control:
- Consonance: the need for to examine of
trends, as well as trends


Rumelt's 4 Criteria of Strategy Review, Evaluation, overtax, unsolvable
and Control:
- Feasibility: Neither resources nor create
subproblems


Rumelt's 4 Criteria of Strategy Review, Evaluation, Creation, Maintenance
and Control:
- Advantage: or of competitive advantage