STRATEGIC MANAGEMENT AND BUSINESS
POLICY GLOBALIZATION INNOVATION
AND SUSTAINABILITY 15TH EDITION
THOMAS L WHEELEN TEST BANK STUDY
GUIDE QUESTIONS AND SOLUTIONS 2026
CORRECT ANSWERS GRADED A+
⩥ C. Answer: Which of the following is NOT a management issue
central to strategy implementation?
A) Devising policies
B) Revising reward and incentive plans
C) Performing an internal audit
D) Minimizing resistance to change
E) Developing an effective human resources function
Ch 7
⩥ False. Answer: Effective strategy formulation can usually guarantee
successful strategy implementation
Ch 7 p.206
⩥ True. Answer: It is always easier to say you are going to do something
(strategy formulation) than to actually do it (strategy implementation).
,Ch 7 p. 206
⩥ True. Answer: Unlike strategy formulation, strategy implementation
varies considerably among different types and sizes of organizations.
Ch 7 p. 207
⩥ False. Answer: Implementing strategy affects all the functional areas
of a business and may influence some divisional areas of a business.
Ch 7
⩥ Student answers should include five of the following: Strategy
formulation is positioning forces before the action, whereas strategy
implementation is managing forces during the action. Strategy
formulation focuses on effectiveness, whereas strategy implementation
focuses on efficiency. Strategy formulation is primarily an intellectual
process, whereas strategy implementation is primarily an operational
process. Strategy formulation requires good intuitive and analytical
skills, whereas strategy implementation requires special motivational
and leadership skills. Strategy formulation requires coordination among
a few individuals, whereas strategy implementation requires
coordination among many individuals. Strategy formulation is science
with tools and techniques, whereas strategy implementation is an art to
energize people. Strategy formulation and strategy implementation are
both difficult to do well, but strategy i. Answer: What are five
differences between strategy formulation and strategy implementation?
Ch 7 p. 208 Figure 7-2
,⩥ E. Answer: Considerable time and effort should be devoted to
assuring objectives are well conceived because they represent the basis
for
A) monitoring progress toward long-term objectives.
B) establishing divisional priorities.
C) allocating resources.
D) evaluating managers.
E) all of the above
Ch 7 p. 208 list of 5
⩥ C. Answer: Which of the following is NOT true about objectives?
A) They should be communicated throughout the organization.
B) They should have an appropriate time dimension.
C) They should use terms like "maximize," "minimize," and "as soon as
possible."
D) They should be measurable.
E) They should be consistent.
Ch 7 p. 209
⩥ C. Answer: Which word or phrase would be most suitable to use in
written objective statements?
A) Maximize
, B) Minimize
C) 10 percent increase
D) Adequate
E) As soon as possible
Ch 7 p. 209
⩥ True. Answer: A firm's annual objectives can be stated by business
segment.
Ch 7 p. 209
⩥ True. Answer: Annual objectives are key components in the strategic-
management process because they dictate how resources will be
allocated.
Ch 7 p. 208 #1 in list of 5
⩥ False. Answer: Horizontal consistency is less important than vertical
consistency in developing annual objectives, but it still contributes to
improved objectives.
Ch 7 p. 210
⩥ True. Answer: Undesirable conduct such as distorting the records can
be a result of overemphasis on achieving objectives.
Ch 7 p. 210
POLICY GLOBALIZATION INNOVATION
AND SUSTAINABILITY 15TH EDITION
THOMAS L WHEELEN TEST BANK STUDY
GUIDE QUESTIONS AND SOLUTIONS 2026
CORRECT ANSWERS GRADED A+
⩥ C. Answer: Which of the following is NOT a management issue
central to strategy implementation?
A) Devising policies
B) Revising reward and incentive plans
C) Performing an internal audit
D) Minimizing resistance to change
E) Developing an effective human resources function
Ch 7
⩥ False. Answer: Effective strategy formulation can usually guarantee
successful strategy implementation
Ch 7 p.206
⩥ True. Answer: It is always easier to say you are going to do something
(strategy formulation) than to actually do it (strategy implementation).
,Ch 7 p. 206
⩥ True. Answer: Unlike strategy formulation, strategy implementation
varies considerably among different types and sizes of organizations.
Ch 7 p. 207
⩥ False. Answer: Implementing strategy affects all the functional areas
of a business and may influence some divisional areas of a business.
Ch 7
⩥ Student answers should include five of the following: Strategy
formulation is positioning forces before the action, whereas strategy
implementation is managing forces during the action. Strategy
formulation focuses on effectiveness, whereas strategy implementation
focuses on efficiency. Strategy formulation is primarily an intellectual
process, whereas strategy implementation is primarily an operational
process. Strategy formulation requires good intuitive and analytical
skills, whereas strategy implementation requires special motivational
and leadership skills. Strategy formulation requires coordination among
a few individuals, whereas strategy implementation requires
coordination among many individuals. Strategy formulation is science
with tools and techniques, whereas strategy implementation is an art to
energize people. Strategy formulation and strategy implementation are
both difficult to do well, but strategy i. Answer: What are five
differences between strategy formulation and strategy implementation?
Ch 7 p. 208 Figure 7-2
,⩥ E. Answer: Considerable time and effort should be devoted to
assuring objectives are well conceived because they represent the basis
for
A) monitoring progress toward long-term objectives.
B) establishing divisional priorities.
C) allocating resources.
D) evaluating managers.
E) all of the above
Ch 7 p. 208 list of 5
⩥ C. Answer: Which of the following is NOT true about objectives?
A) They should be communicated throughout the organization.
B) They should have an appropriate time dimension.
C) They should use terms like "maximize," "minimize," and "as soon as
possible."
D) They should be measurable.
E) They should be consistent.
Ch 7 p. 209
⩥ C. Answer: Which word or phrase would be most suitable to use in
written objective statements?
A) Maximize
, B) Minimize
C) 10 percent increase
D) Adequate
E) As soon as possible
Ch 7 p. 209
⩥ True. Answer: A firm's annual objectives can be stated by business
segment.
Ch 7 p. 209
⩥ True. Answer: Annual objectives are key components in the strategic-
management process because they dictate how resources will be
allocated.
Ch 7 p. 208 #1 in list of 5
⩥ False. Answer: Horizontal consistency is less important than vertical
consistency in developing annual objectives, but it still contributes to
improved objectives.
Ch 7 p. 210
⩥ True. Answer: Undesirable conduct such as distorting the records can
be a result of overemphasis on achieving objectives.
Ch 7 p. 210
