CM 4223_Mo 5_Chapter 7&8 Final
Exam Questions with Guaranteed
Pass Solutions 2025-2026 Updated.
What is Strategy Formulation? - Answer 1. Strategy formulation is positioning forces before
the action.
2. Strategy formulation focuses on effectiveness.
3. Strategy formulation is primarily an intellectual process.
4. Strategy formulation requires good intuitive and analytical skills.
What is Strategy Implementation? - Answer 1. Strategy implementation is managing forces
during the action.
2. Strategy implementation focuses on efficiency.
3. Strategy implementation is primarily an operational process.
4. Strategy implementation requires special motivation and leadership skills.
List 5 reasons for annual objectives - Answer 1. They represent the basis for allocating
resources.
2. They are a primary mechanism for evaluating managers.
3. They enable effective monitoring of progress toward achieving long-term objectives.
4. They establish organizational, divisional, and departmental priorities.
5. They are essential for keeping a strategic plan on track.
What are Annual objectives? - Answer They are desired milestones an organization needs to
achieve to ensure successful strategy implementation.
They should be measurable, consistent, reasonable, challenging, clear, communicated
throughout the organization, characterized by an appropriate time dimension, and
accompanied by commensurate rewards and sanctions
What are Horizontal consistency of objectives? - Answer Objectives need to be compatible
across functions; for example, if marketing wants to sell 10% more, then production must
produce 10% more.
, Which qualities should Objectives have? - Answer They should state quantity, quality, cost, and
time—and also be verifiable.
What are Policies? - Answer They refer to specific guidelines, methods, procedures, rules,
forms, and administrative practices established to support and encourage work toward stated
goals.
6 reasons why policies are essential for strategy implementation - Answer 1. Policies set
boundaries, constraints, and limits on the kinds of administrative actions that can be taken to
reward and sanction behavior.
2. Policies let both employees and managers know what is expected of them, thereby increasing
the likelihood that strategies will be implemented successfully.
3. Policies provide a basis for management control and allow coordination across organizational
units.
4. Policies reduce the amount of time managers spend making decisions. Policies also clarify
what work is to be done and by whom.
5. Policies promote delegation of decision making to appropriate managerial levels where
various problems usually arise.
6. Policies clarify what can and cannot be done in pursuit of an organization's objectives.
List 4 types of resources - Answer (1) financial resources
(2) physical resources
(3) human resources
(4) technological resources
What is resource allocation? - Answer It can be defined as distributing an organization's
"assets" across products, regions, and segments according to priorities established by annual
objectives.
Type:
Exam Questions with Guaranteed
Pass Solutions 2025-2026 Updated.
What is Strategy Formulation? - Answer 1. Strategy formulation is positioning forces before
the action.
2. Strategy formulation focuses on effectiveness.
3. Strategy formulation is primarily an intellectual process.
4. Strategy formulation requires good intuitive and analytical skills.
What is Strategy Implementation? - Answer 1. Strategy implementation is managing forces
during the action.
2. Strategy implementation focuses on efficiency.
3. Strategy implementation is primarily an operational process.
4. Strategy implementation requires special motivation and leadership skills.
List 5 reasons for annual objectives - Answer 1. They represent the basis for allocating
resources.
2. They are a primary mechanism for evaluating managers.
3. They enable effective monitoring of progress toward achieving long-term objectives.
4. They establish organizational, divisional, and departmental priorities.
5. They are essential for keeping a strategic plan on track.
What are Annual objectives? - Answer They are desired milestones an organization needs to
achieve to ensure successful strategy implementation.
They should be measurable, consistent, reasonable, challenging, clear, communicated
throughout the organization, characterized by an appropriate time dimension, and
accompanied by commensurate rewards and sanctions
What are Horizontal consistency of objectives? - Answer Objectives need to be compatible
across functions; for example, if marketing wants to sell 10% more, then production must
produce 10% more.
, Which qualities should Objectives have? - Answer They should state quantity, quality, cost, and
time—and also be verifiable.
What are Policies? - Answer They refer to specific guidelines, methods, procedures, rules,
forms, and administrative practices established to support and encourage work toward stated
goals.
6 reasons why policies are essential for strategy implementation - Answer 1. Policies set
boundaries, constraints, and limits on the kinds of administrative actions that can be taken to
reward and sanction behavior.
2. Policies let both employees and managers know what is expected of them, thereby increasing
the likelihood that strategies will be implemented successfully.
3. Policies provide a basis for management control and allow coordination across organizational
units.
4. Policies reduce the amount of time managers spend making decisions. Policies also clarify
what work is to be done and by whom.
5. Policies promote delegation of decision making to appropriate managerial levels where
various problems usually arise.
6. Policies clarify what can and cannot be done in pursuit of an organization's objectives.
List 4 types of resources - Answer (1) financial resources
(2) physical resources
(3) human resources
(4) technological resources
What is resource allocation? - Answer It can be defined as distributing an organization's
"assets" across products, regions, and segments according to priorities established by annual
objectives.
Type:
