Business Policy & Strategic Management –
Questions With Complete Solutions
Save
Terms in this set (116)
1) Which of the following is E
a management issue central
to strategy
implementation?
A) Devising policies
B) Revising reward and
incentive plans
C) Minimizing resistance to
change
D) Developing an effective
human resources function
E) All of the above
Ch 7
Which of the following is C
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
,Effective strategy False
formulation can usually
guarantee successful
strategy implementation
Ch 7 p.206
It is always easier to say True
you are going to do
something (strategy
formulation) than to
actually do it (strategy
implementation).
Ch 7 p. 206
Unlike strategy formulation, True
strategy implementation
varies considerably among
different types and sizes of
organizations.
Ch 7 p. 207
Implementing strategy False
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
What are five differences implementation is primarily an operational process.
between strategy Strategy formulation requires good intuitive and
formulation and strategy analytical skills, whereas strategy implementation
implementation? requires special motivational and leadership skills.
Ch 7 p. 208 Figure 7-2 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
Considerable time and E
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
, Which of the following is C
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
Which word or phrase C
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
A firm's annual objectives True
can be stated by business
segment.
Ch 7 p. 209
Annual objectives are key True
components in the
strategic-management
process because they
dictate how resources will
be allocated.
Ch 7 p. 208 #1 in list of 5
Questions With Complete Solutions
Save
Terms in this set (116)
1) Which of the following is E
a management issue central
to strategy
implementation?
A) Devising policies
B) Revising reward and
incentive plans
C) Minimizing resistance to
change
D) Developing an effective
human resources function
E) All of the above
Ch 7
Which of the following is C
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
,Effective strategy False
formulation can usually
guarantee successful
strategy implementation
Ch 7 p.206
It is always easier to say True
you are going to do
something (strategy
formulation) than to
actually do it (strategy
implementation).
Ch 7 p. 206
Unlike strategy formulation, True
strategy implementation
varies considerably among
different types and sizes of
organizations.
Ch 7 p. 207
Implementing strategy False
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
What are five differences implementation is primarily an operational process.
between strategy Strategy formulation requires good intuitive and
formulation and strategy analytical skills, whereas strategy implementation
implementation? requires special motivational and leadership skills.
Ch 7 p. 208 Figure 7-2 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
Considerable time and E
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
, Which of the following is C
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
Which word or phrase C
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
A firm's annual objectives True
can be stated by business
segment.
Ch 7 p. 209
Annual objectives are key True
components in the
strategic-management
process because they
dictate how resources will
be allocated.
Ch 7 p. 208 #1 in list of 5
