MGT-6370A - Strategic Management oed answer key

Showing 81 to 100 of 138 total answers.

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Awesome StudentQuestion • Strategic Management

Strategy deals with long term developments rather than short-term operations.

Answer

FALSE

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Awesome StudentQuestion • Strategic Management

It is time-based measurable actions, which help in theaccomplishment of goals.

Answer

Objectives

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Awesome StudentQuestion • Strategic Management

Strategic Management serves as a foundation for all key decisions of the firm.

Answer

TRUE

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Awesome StudentQuestion • Strategic Management

Implementing strategy means mobilizing employees and managers to put formulated

Answer

TRUE

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Awesome StudentQuestion • Strategic Management

It is the dream of the business and an inspiration, base for theplanning process.

Answer

Vision

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Awesome StudentQuestion • Strategic Management

The statement of an organization’saspirations can be found in the organization’s:

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Awesome StudentQuestion • Strategic Management

Who are the individuals who are most responsible for the success or failure of an

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Awesome StudentQuestion • Strategic Management

Set of related actions that managers take to increase their company's performance.

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Awesome StudentQuestion • Strategic Management

Strategy provides overall framework for guiding organizational thinkingand action.

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Awesome StudentQuestion • Strategic Management

This promise high returns so reinvest heavily to defend market share and position.

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Awesome StudentQuestion • Strategic Management

deals with acquisition of resources with which organizational goalscan be achieved.

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Awesome StudentQuestion • Strategic Management

Anything that a firm does especially well compared to rival firms is referred to as?

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Awesome StudentQuestion • Strategic Management

Short-term milestones that organizations must achieve to reach long-term objectives.

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Awesome StudentQuestion • Strategic Management

Accordingto Porter (1996) in his article “What is strategy?”, strategy is about being

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Awesome StudentQuestion • Strategic Management

Strategy is derived from the Greek word strategos, meaning military leader or general.

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Awesome StudentQuestion • Strategic Management

An organization’s external environment consistsof the general or macro environment and:

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Awesome StudentQuestion • Strategic Management

Feedback plays a very important role in the evaluation stage, providing the strategists

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Awesome StudentQuestion • Strategic Management

Drucker refersto an organization’s assumption about its environment and its strength and

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Awesome StudentQuestion • Strategic Management

According toMarkides (1999), a strategic position represents a company’s answers to three

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