FiltersDone

Question type

Essay

Multiple Choice

Short Answer

True False

Matching

Exam 6: Developing a Business Strategy

Show Answer

Share

---

All types

Filters

Study FlashcardsPractice ExamLearn

Question 31

True/False

Review LaterAdd Note

Review Later

Identifying anticipated moves by competitors is a key outcome of the I/E Analysis.

A) True
B) False

Correct Answer

verified

Show Answer

Question 32

Multiple Choice

Review LaterAdd Note

Review Later

Developing a business strategy looks at each of the six areas _______,but also ________,in determining the road which an organization should take.

A) alone, holistically
B) individually, together
C) individually, holistically
D) alone, simultaneously
E) individually, simultaneously

F) B) and E)
G) A) and D)

Correct Answer

verified

Show Answer

Question 33

Multiple Choice

Review LaterAdd Note

Which of the following is NOT part of the strategic planning process and its organizing framework?

Understanding what is influencing markets today is part of the strategic planning process and its organizing framework.

,effectively respond to the following:

Every business is faced with the reality of having less uses for resources than resources available.

___________ are broad,long-term accomplishments an organization wants to achieve.

An identification of required staffing,infrastructure,and process is a key component of the operating plan development process.

Goals are broad,long-term accomplishments an organization wants to achieve.

Small and medium-size business owners need to assess and anticipate the changes which are occurring with the needs for their products.

Assessing what strategies competitors are pursuing is part of the strategic planning process and its organizing framework.

Small and medium-size business owners need to assess and anticipate the changes which are occurring with new opportunities.

Objectives should be expressed as broad,general principles rather than as specific short-term results.

The corporate level of planning would be determining specific objectives which it hopes to achieve for each of its identified business initiatives and/or business units.

The revolution in management that is currently underway suggests that the most effective managers of the future will:

Explain SMAC principles and provide examples.

SWOT analysis focuses only on the internal activities of the firm,while other analytical tools are used to review the external environment in which the firm operates.

Explain responsibility and accountability with respect to strategic planning.

Like for-profit entities,not-for-profits must develop ________ which produce positive financial results for the organization.

What is the final phase of the strategic planning process?