Strategic Management and Question
Question 1
Which one of the following is not a major concern of strategic management?
The marketing mix
Question 2
Why is it important that objectives are measurable?
Controlling strategy implementation and evaluating the outcomes of a strategy depend on being able to measure organisational performance against targets.
Question 3
Achieving sustainable competitive advantage is an overriding objective of strategy in the not-for-profit sector.
False
Question 4
Corporate governance is concerned with how the organisation serves its customers and deals with the environment.
False
Question 5
In the private sector the overriding objective of strategy is to achieve value for money in service provision.
False
Question 6
Operational level strategy is about how to compete successfully in particular markets.
False
Question 7
Strategic management is not important in the public sector because the public sector is not concerned with creating competitive advantage.
False
Question 8
The strategic capability of the organisation is made up of resources and competences.
True
Question 9
How do an organisation's strategic objectives relate to its mission?
Strategic objectives provide a more precise or quantifiable basis for developing strategy than the general mission statement.
Question 10
In the private sector, strategy making is dominated by pursuit of which of the following objectives?
Profits
Question 11
The objectives of strategy in the public sector tend to be concerned with which of the following?
Value for money
Question 12
What do you understand by the term 'strategic direction'?
'Strategic direction' refers to the underlying intent of a strategy, e.g. growth, consolidation, market entry or diversification.
Question 13
What do you understand by the term 'strategic drift'?
Progressive failure of strategies to address the strategic position of the organisation
Question 14
What does SBU stand for?
Strategic business unit
Question 15
What
Which one of the following is not a major concern of strategic management?
The marketing mix
Question 2
Why is it important that objectives are measurable?
Controlling strategy implementation and evaluating the outcomes of a strategy depend on being able to measure organisational performance against targets.
Question 3
Achieving sustainable competitive advantage is an overriding objective of strategy in the not-for-profit sector.
False
Question 4
Corporate governance is concerned with how the organisation serves its customers and deals with the environment.
False
Question 5
In the private sector the overriding objective of strategy is to achieve value for money in service provision.
False
Question 6
Operational level strategy is about how to compete successfully in particular markets.
False
Question 7
Strategic management is not important in the public sector because the public sector is not concerned with creating competitive advantage.
False
Question 8
The strategic capability of the organisation is made up of resources and competences.
True
Question 9
How do an organisation's strategic objectives relate to its mission?
Strategic objectives provide a more precise or quantifiable basis for developing strategy than the general mission statement.
Question 10
In the private sector, strategy making is dominated by pursuit of which of the following objectives?
Profits
Question 11
The objectives of strategy in the public sector tend to be concerned with which of the following?
Value for money
Question 12
What do you understand by the term 'strategic direction'?
'Strategic direction' refers to the underlying intent of a strategy, e.g. growth, consolidation, market entry or diversification.
Question 13
What do you understand by the term 'strategic drift'?
Progressive failure of strategies to address the strategic position of the organisation
Question 14
What does SBU stand for?
Strategic business unit
Question 15
What