MGT 4394: Midterm Exam Chapters
2,3,4,5 (Need to get Chapter 1 and 6)
Questions Fully Solved.
helps to pull the most important information into a format that can then be used in strategic
management to determine the strategic issue the firm needs to address and resolve by
consolidating a summary of the other analyses into one framework. - Answer SWOT
Framework
defines what the organization needs to address and resolve to move the organization forward
toward success by analyzing the data and information from the internal and external
assessments as presented in the SWOT - Answer strategic issue
What does SWOT analysis stand for? - Answer strengths, weaknesses, opportunities, threats
What part of the SWOT analysis would be having high levels of cash flow gives firms discretion
to purchase new equipment if they wish to. - Answer Strength of an Organization
what part of the SWOT analysis would have a strong technical and language skills, as well as
previous work experience, can help individuals rise above the competition. - Answer Strength
of Individual
What part of the SWOT analysis would have dubious leadership and CEO scandals have plagued
some corporations in recent years - Answer Weakness of an organization
What part of the SWOT analysis would have poor communication skills keep many job seekers
from being hired into sales and supervisory positions - Answer Weakness of an individual
What part of the SWOT analysis would have high cost of gasoline creates opportunities for
substitute products based on alternative energy sources. - Answer Opportunities of an
organization
What part of the SWOT analysis would have the US economy is increasingly services based,
suggesting that individuals can enjoy more opportunities in service firms. - Answer
Opportunities of an individual
What part of the SWOT analysis has concerns about worldwide pollution are a threat to
petroleum-based products. - Answer Threats of an organization
,What part of the SWOT analysis has a tight job market poses challenges to new graduates. -
Answer Threats of an individual
a tool that considers a firm's strengths and weaknesses along with the opportunities and threats
that exist in the firm's environment - Answer SWOT analysis
developed by synthesizing the information developed from the external, competitive, and
internal assessments - Answer
What should done when laying out a SWOT analysis - Answer , internal and external factors
should not be confused with each other.
opportunities should not be confused with strategic moves designed to capitalize on these
opportunities
the results should not be overemphasized.
compare internal strengths and weaknesses with external opportunities and threats to generate
ideas about how their firm might become more successful. Ideas that allow a firm to leverage
its strengths, mitigate or resolve its weaknesses, capitalize on opportunities, and protect itself
against threats are particularly helpful. - Answer Executives using SWOT analysis
The primary matter faced by an organization that must be addressed for the organization to
survive, excel, or achieve a major strategic initiative - Answer strategic issue
What is a strategic issue derived from - Answer the facts and data provided by the external
and internal analysis and its synthesis through the SWOT framework
True or False Business decision makers define the strategic issue at the beginning of the
strategic process - Answer False
A strategic issue, when identified correctly and used effectively, becomes the - Answer
strategic focus of the organization
strategic issue is reduced to one concise sentence, so that it is - Answer Easily captured and
understood
What is one process organizations can use to determine the strategic issue - Answer Planning
team members to study the data from the analysis and each draft and share their idea of the
strategic issue
, sets the strategic focus for the development of strategies. - Answer strategic issue
What does the PESTEL framework stand for - Answer Political, Economic, Socio-cultural,
Environmental/Ecological, and Legal
Ron Shaich was able to do what with Panera Bread? - Answer Make a fast casual restaurant
by taking advantage of emerging trends in the US environment to build a successful business
consists of the set of external conditions and forces that have the potential to influence the
organization - Answer environment
overall trends and events in society such as social trends, technological trends, demographics,
and economic conditions - Answer General environment
consists of multiple organizations that collectively compete with one another by providing
similar goods, services, or both - Answer Industry
What are some of the reasons that the environment is important to the executives of
organizations - Answer provides resources that an organization needs in order to create
goods and services
a source of opportunities and threats for an organization
shapes the various strategic decisions that executives make as they attempt to lead their
organizations to success
Evaluation of six forces in an industry's macro-environment: political, economic, socio-cultural,
technological, environmental, and legal. to identify major opportunities and threats and then
adjust their firms' strategies accordingly - Answer PESTEL analysis
Apart of the PESTEL framework what are the factors include elements such as tax policies,
changes in trade restrictions and tariffs, and the stability of governments. - Answer Political
Apart of the PESTEL framework what are the factors include elements such as interest rates,
inflation rates, gross domestic product, unemployment rates, levels of disposable income, and
the general growth or decline of the economy. - Answer Economic
2,3,4,5 (Need to get Chapter 1 and 6)
Questions Fully Solved.
helps to pull the most important information into a format that can then be used in strategic
management to determine the strategic issue the firm needs to address and resolve by
consolidating a summary of the other analyses into one framework. - Answer SWOT
Framework
defines what the organization needs to address and resolve to move the organization forward
toward success by analyzing the data and information from the internal and external
assessments as presented in the SWOT - Answer strategic issue
What does SWOT analysis stand for? - Answer strengths, weaknesses, opportunities, threats
What part of the SWOT analysis would be having high levels of cash flow gives firms discretion
to purchase new equipment if they wish to. - Answer Strength of an Organization
what part of the SWOT analysis would have a strong technical and language skills, as well as
previous work experience, can help individuals rise above the competition. - Answer Strength
of Individual
What part of the SWOT analysis would have dubious leadership and CEO scandals have plagued
some corporations in recent years - Answer Weakness of an organization
What part of the SWOT analysis would have poor communication skills keep many job seekers
from being hired into sales and supervisory positions - Answer Weakness of an individual
What part of the SWOT analysis would have high cost of gasoline creates opportunities for
substitute products based on alternative energy sources. - Answer Opportunities of an
organization
What part of the SWOT analysis would have the US economy is increasingly services based,
suggesting that individuals can enjoy more opportunities in service firms. - Answer
Opportunities of an individual
What part of the SWOT analysis has concerns about worldwide pollution are a threat to
petroleum-based products. - Answer Threats of an organization
,What part of the SWOT analysis has a tight job market poses challenges to new graduates. -
Answer Threats of an individual
a tool that considers a firm's strengths and weaknesses along with the opportunities and threats
that exist in the firm's environment - Answer SWOT analysis
developed by synthesizing the information developed from the external, competitive, and
internal assessments - Answer
What should done when laying out a SWOT analysis - Answer , internal and external factors
should not be confused with each other.
opportunities should not be confused with strategic moves designed to capitalize on these
opportunities
the results should not be overemphasized.
compare internal strengths and weaknesses with external opportunities and threats to generate
ideas about how their firm might become more successful. Ideas that allow a firm to leverage
its strengths, mitigate or resolve its weaknesses, capitalize on opportunities, and protect itself
against threats are particularly helpful. - Answer Executives using SWOT analysis
The primary matter faced by an organization that must be addressed for the organization to
survive, excel, or achieve a major strategic initiative - Answer strategic issue
What is a strategic issue derived from - Answer the facts and data provided by the external
and internal analysis and its synthesis through the SWOT framework
True or False Business decision makers define the strategic issue at the beginning of the
strategic process - Answer False
A strategic issue, when identified correctly and used effectively, becomes the - Answer
strategic focus of the organization
strategic issue is reduced to one concise sentence, so that it is - Answer Easily captured and
understood
What is one process organizations can use to determine the strategic issue - Answer Planning
team members to study the data from the analysis and each draft and share their idea of the
strategic issue
, sets the strategic focus for the development of strategies. - Answer strategic issue
What does the PESTEL framework stand for - Answer Political, Economic, Socio-cultural,
Environmental/Ecological, and Legal
Ron Shaich was able to do what with Panera Bread? - Answer Make a fast casual restaurant
by taking advantage of emerging trends in the US environment to build a successful business
consists of the set of external conditions and forces that have the potential to influence the
organization - Answer environment
overall trends and events in society such as social trends, technological trends, demographics,
and economic conditions - Answer General environment
consists of multiple organizations that collectively compete with one another by providing
similar goods, services, or both - Answer Industry
What are some of the reasons that the environment is important to the executives of
organizations - Answer provides resources that an organization needs in order to create
goods and services
a source of opportunities and threats for an organization
shapes the various strategic decisions that executives make as they attempt to lead their
organizations to success
Evaluation of six forces in an industry's macro-environment: political, economic, socio-cultural,
technological, environmental, and legal. to identify major opportunities and threats and then
adjust their firms' strategies accordingly - Answer PESTEL analysis
Apart of the PESTEL framework what are the factors include elements such as tax policies,
changes in trade restrictions and tariffs, and the stability of governments. - Answer Political
Apart of the PESTEL framework what are the factors include elements such as interest rates,
inflation rates, gross domestic product, unemployment rates, levels of disposable income, and
the general growth or decline of the economy. - Answer Economic
