Strategy Formulation
CHAPTER 9
Strategy Review, Evaluation and Control
True/False
The Nature of Strategy Evaluation
1. If strategy implementation is successful, an enterprise can be lulled into complacency with success.
Ans: F Page: 300
2. Adequate, timely feedback is important to effective strategy evaluation.
Ans: T Page: 300
3. Too much emphasis on evaluating strategies may be expensive and counterproductive.
Ans: T Page: 300
4. Strategy evaluation should have a long-run focus and avoid a short-run focus, given that strategies are long term in nature.
Ans: F Page: 300
5. According to Richard Rumelt, consonance and consistency are based on a firm’s external assessment.
Ans: F Page: 300
6. According to Rumelt, consistency and feasibility are largely based on a firm’s internal assessment.
Ans: T Page: 300
7. Regardless of the size of the organization, a certain amount of management by wandering around at all levels is essential to effective strategy evaluation.
Ans: T Page: 300
8. Falsification of reports can result from too great an insistence on attainment of objectives.
Ans: T Page: 300
9. Consistency, distinctiveness, advantage and feasibility are Richard Rumelt’s four criteria for evaluating a strategy.
Ans: F Page: 300
10. Most top managers feel an organization’s well-being depends on evaluation of the strategic-management process.
Ans: T Page: 300
11. Strategy evaluation is becoming increasingly easier with the passage of time, given the technological advances.
Ans: F Page: 301
12. The decreasing time span for which planning can be done with any degree of certainty is a reason strategy evaluation is more difficult today.
Ans: T Page: 301
13. Consistency refers to the need for strategists to examine sets of trends as well as individual
Strategy Review, Evaluation and Control
True/False
The Nature of Strategy Evaluation
1. If strategy implementation is successful, an enterprise can be lulled into complacency with success.
Ans: F Page: 300
2. Adequate, timely feedback is important to effective strategy evaluation.
Ans: T Page: 300
3. Too much emphasis on evaluating strategies may be expensive and counterproductive.
Ans: T Page: 300
4. Strategy evaluation should have a long-run focus and avoid a short-run focus, given that strategies are long term in nature.
Ans: F Page: 300
5. According to Richard Rumelt, consonance and consistency are based on a firm’s external assessment.
Ans: F Page: 300
6. According to Rumelt, consistency and feasibility are largely based on a firm’s internal assessment.
Ans: T Page: 300
7. Regardless of the size of the organization, a certain amount of management by wandering around at all levels is essential to effective strategy evaluation.
Ans: T Page: 300
8. Falsification of reports can result from too great an insistence on attainment of objectives.
Ans: T Page: 300
9. Consistency, distinctiveness, advantage and feasibility are Richard Rumelt’s four criteria for evaluating a strategy.
Ans: F Page: 300
10. Most top managers feel an organization’s well-being depends on evaluation of the strategic-management process.
Ans: T Page: 300
11. Strategy evaluation is becoming increasingly easier with the passage of time, given the technological advances.
Ans: F Page: 301
12. The decreasing time span for which planning can be done with any degree of certainty is a reason strategy evaluation is more difficult today.
Ans: T Page: 301
13. Consistency refers to the need for strategists to examine sets of trends as well as individual