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Chapter 1 The Nature of Strategic
management Exam Questions and Answers
100% Pass
Strategic Management - ANS Art and science of formulating, implementing, and evaluating
cross-functional decisions that enable an organization to achieve its objectives.
Strategic Planning - ANS Refers only to strategy formulation.
Strategic-Management - ANS Refer to strategy formulation, implementation, and
evaluation
Strategic Plan - ANS A company's game plan.
Strategies - ANS Determine long-term competitive advantages
Strategy formulation - ANS Developing mission/vision, identifying organizations external
opportunities & threats, detecting internal strengths & weaknesses, estimating long-term
objectives, generating alternative strategies, & choosing particular strategies to pursue.
Strategy implementation - ANS Requires a firm to establish annual objectives, devise policies,
motivate employees, & allocate resources so that formed strategies can be executed.
©FYNDLAY 1
Chapter 1 The Nature of Strategic
management Exam Questions and Answers
100% Pass
Strategic Management - ANS Art and science of formulating, implementing, and evaluating
cross-functional decisions that enable an organization to achieve its objectives.
Strategic Planning - ANS Refers only to strategy formulation.
Strategic-Management - ANS Refer to strategy formulation, implementation, and
evaluation
Strategic Plan - ANS A company's game plan.
Strategies - ANS Determine long-term competitive advantages
Strategy formulation - ANS Developing mission/vision, identifying organizations external
opportunities & threats, detecting internal strengths & weaknesses, estimating long-term
objectives, generating alternative strategies, & choosing particular strategies to pursue.
Strategy implementation - ANS Requires a firm to establish annual objectives, devise policies,
motivate employees, & allocate resources so that formed strategies can be executed.
©FYNDLAY 1
