MHR 300 Quiz 1 (UW-Madison Min Li) Mini Mastery
Test: Score High Fast!!
Strategic control includes ________.
a. seldom making adjustments to a strategy
b. a strong employee diversity and synergy agenda
c. monitoring the execution of strategy and making adjustments, if necessary
d. developing a diversity plan
e. implementing MBO correct answers c. monitoring the execution of strategy and making
adjustments, if necessary
Developing a program focused on individual aspects of an organization for short-term
success is the focus of strategic planning.
a. True
b. False correct answers False
To develop a grand strategy, you need to gather data and make projections, using the tools of
competitive intelligence, SWOT analysis, forecasting, benchmarking, and Porter's five
competitive forces.
a. True
b. False correct answers True
Who are our customers? What are our major products or services? In what geographic areas
do we compete? These are all questions that are answered in a good ________.
a. value pact
b. code of ethics
c. mission statement
d. management belief statement
e. vision statement correct answers c. mission statement
Regarding the results of a SWOT analysis, organizational opportunities are ________.
a. problems that a specific industry needs to correct
b. skills and capabilities that give an industry advantages in executing its strategies
c. MBO skills and opportunities that should be emphasized
d. weaknesses within the organizational hierarchy
, e. environmental factors that the organization may exploit for a competitive advantage correct
answers e. environmental factors that the organization may exploit for a competitive
advantage
Christopher's Restaurant and Catering serves delicious vegetarian and vegan dishes. So when
the local community became interested in eating a healthier diet, Christopher's benefited. The
changing community attitudes are an example of a(n) ________ for Christopher's.
a. strength
b. threat
c. weakness
d. opportunity
e. intelligence correct answers d. opportunity
According to Harvard Business School professor Michael Porter, strategic positioning
"means performing different activities from rivals, or performing similar activities in
different ways" to achieve sustainable competitive advantage.
a. True
b. False correct answers True
Don knows that one of the reasons people do not return to his electronics store is because of
the slow service. This is an example of the organization's ________.
a. strengths
b. intelligence
c. threats
d. opportunities
e. weaknesses correct answers e. weaknesses
Many customers shop at Organic Foods because of the employees' extensive product
knowledge. This is an example of the company's ________.
a. strengths
b. intelligence
c. threats
d. opportunities
e. weaknesses correct answers a. strengths
The second step in the strategic-management process is to look at where the organization
stands and see what is working and what could be different to maximize efficiency and
effectiveness in achieving the organization's mission. This step is the process of completing
a(n) ________.
a. organizational vision statement
b. company synergy assessment
c. ethical and diversity evaluation
d. grand strategy
e. current reality assessment correct answers e. current reality assessment
Test: Score High Fast!!
Strategic control includes ________.
a. seldom making adjustments to a strategy
b. a strong employee diversity and synergy agenda
c. monitoring the execution of strategy and making adjustments, if necessary
d. developing a diversity plan
e. implementing MBO correct answers c. monitoring the execution of strategy and making
adjustments, if necessary
Developing a program focused on individual aspects of an organization for short-term
success is the focus of strategic planning.
a. True
b. False correct answers False
To develop a grand strategy, you need to gather data and make projections, using the tools of
competitive intelligence, SWOT analysis, forecasting, benchmarking, and Porter's five
competitive forces.
a. True
b. False correct answers True
Who are our customers? What are our major products or services? In what geographic areas
do we compete? These are all questions that are answered in a good ________.
a. value pact
b. code of ethics
c. mission statement
d. management belief statement
e. vision statement correct answers c. mission statement
Regarding the results of a SWOT analysis, organizational opportunities are ________.
a. problems that a specific industry needs to correct
b. skills and capabilities that give an industry advantages in executing its strategies
c. MBO skills and opportunities that should be emphasized
d. weaknesses within the organizational hierarchy
, e. environmental factors that the organization may exploit for a competitive advantage correct
answers e. environmental factors that the organization may exploit for a competitive
advantage
Christopher's Restaurant and Catering serves delicious vegetarian and vegan dishes. So when
the local community became interested in eating a healthier diet, Christopher's benefited. The
changing community attitudes are an example of a(n) ________ for Christopher's.
a. strength
b. threat
c. weakness
d. opportunity
e. intelligence correct answers d. opportunity
According to Harvard Business School professor Michael Porter, strategic positioning
"means performing different activities from rivals, or performing similar activities in
different ways" to achieve sustainable competitive advantage.
a. True
b. False correct answers True
Don knows that one of the reasons people do not return to his electronics store is because of
the slow service. This is an example of the organization's ________.
a. strengths
b. intelligence
c. threats
d. opportunities
e. weaknesses correct answers e. weaknesses
Many customers shop at Organic Foods because of the employees' extensive product
knowledge. This is an example of the company's ________.
a. strengths
b. intelligence
c. threats
d. opportunities
e. weaknesses correct answers a. strengths
The second step in the strategic-management process is to look at where the organization
stands and see what is working and what could be different to maximize efficiency and
effectiveness in achieving the organization's mission. This step is the process of completing
a(n) ________.
a. organizational vision statement
b. company synergy assessment
c. ethical and diversity evaluation
d. grand strategy
e. current reality assessment correct answers e. current reality assessment
