MGMT 485 FINAL EXAM REVIEW (CH. 11&12)
strategy - Answer -the pattern of decisions that determines and reveals a company's
goals, policies, and plans to meet the needs of its stakeholders.
a. strategy
b. strategic planning
c. strategy development
strategic planning - Answer -the process of envisioning the organization's future and
developing the necessary goals, objectives, and action plans to achieve that future.
a. strategy
b. strategic planning
c. strategy development
strategic challenges - Answer -The term ___________________ refers to those
pressures that exert a decisive influence on an organization's likelihood of future
success.
a. organizational profile
b. strategic challenges
c. strategic planning
strategic challenges - Answer -________________________ frequently are driven by
an organization's future competitive position relative to other providers of similar
products or services.
a. organizational profile
b. strategic challenges
c. strategic planning
Strategic planning - Answer -____________________ results in strategies, strategic
objectives, and action plans that set the direction for achieving the mission.
a. organizational profile
b. strategic challenges
c. strategic planning
strategies - Answer -__________ are broad statements that set the direction for the
organization to take in realizing its mission and vision.
a. strategies
b. strategic objectives
c. action plans
d. strategy deployment
Strategic objectives - Answer -__________________ are what an organization must
change or improve to remain or become competitive.
a. strategies
b. strategic objectives
, c. action plans
d. strategy deployment
Action plans - Answer -_________________ are things that an organization must do to
achieve its strategic objectives.
a. strategies
b. strategic objectives
c. action plans
d. strategy deployment
Strategy deployment - Answer -___________________________ refers to developing
detailed action plans, defining resource requirements and performance measures, and
aligning work unit, supplier, and/or partner plans with overall strategic objectives.
a. strategies
b. strategic objectives
c. action plans
d. strategy deployment
hoshin kanri - Answer -Deploying strategy effectively is often done through a process
called __________________.
a. hoshin kanri
b. strategy development
c. action plan
strategy development - Answer -The goal of _____________________ is envisioning
the future for purposes of decision making and resource allocation.
a. strategy
b. strategic planning
c. strategy development
strategy development - Answer -____________________ begins with determining the
organization's mission, vision, and values (guiding principles).
a. strategy
b. strategic planning
c. strategy development
mission - Answer -The _________ of a firm defines its reason for existence; it answers
the question "Why are we in business?"
a. mission
b. vision
c. values
d. environmental assessment
vision - Answer -The _______ describes where the organization is headed and what it
intends to be; it is a statement of the future that would not happen by itself.
a. mission
strategy - Answer -the pattern of decisions that determines and reveals a company's
goals, policies, and plans to meet the needs of its stakeholders.
a. strategy
b. strategic planning
c. strategy development
strategic planning - Answer -the process of envisioning the organization's future and
developing the necessary goals, objectives, and action plans to achieve that future.
a. strategy
b. strategic planning
c. strategy development
strategic challenges - Answer -The term ___________________ refers to those
pressures that exert a decisive influence on an organization's likelihood of future
success.
a. organizational profile
b. strategic challenges
c. strategic planning
strategic challenges - Answer -________________________ frequently are driven by
an organization's future competitive position relative to other providers of similar
products or services.
a. organizational profile
b. strategic challenges
c. strategic planning
Strategic planning - Answer -____________________ results in strategies, strategic
objectives, and action plans that set the direction for achieving the mission.
a. organizational profile
b. strategic challenges
c. strategic planning
strategies - Answer -__________ are broad statements that set the direction for the
organization to take in realizing its mission and vision.
a. strategies
b. strategic objectives
c. action plans
d. strategy deployment
Strategic objectives - Answer -__________________ are what an organization must
change or improve to remain or become competitive.
a. strategies
b. strategic objectives
, c. action plans
d. strategy deployment
Action plans - Answer -_________________ are things that an organization must do to
achieve its strategic objectives.
a. strategies
b. strategic objectives
c. action plans
d. strategy deployment
Strategy deployment - Answer -___________________________ refers to developing
detailed action plans, defining resource requirements and performance measures, and
aligning work unit, supplier, and/or partner plans with overall strategic objectives.
a. strategies
b. strategic objectives
c. action plans
d. strategy deployment
hoshin kanri - Answer -Deploying strategy effectively is often done through a process
called __________________.
a. hoshin kanri
b. strategy development
c. action plan
strategy development - Answer -The goal of _____________________ is envisioning
the future for purposes of decision making and resource allocation.
a. strategy
b. strategic planning
c. strategy development
strategy development - Answer -____________________ begins with determining the
organization's mission, vision, and values (guiding principles).
a. strategy
b. strategic planning
c. strategy development
mission - Answer -The _________ of a firm defines its reason for existence; it answers
the question "Why are we in business?"
a. mission
b. vision
c. values
d. environmental assessment
vision - Answer -The _______ describes where the organization is headed and what it
intends to be; it is a statement of the future that would not happen by itself.
a. mission
