BUS 490 week 2 Quiz New Work
BUS 490 week 2 Quiz NEW
The strategic-management process
• Question 2
The goal of strategic management is to
• Question 3
A strong ________ heritage underlies the study of strategic management.
• Question 4
The one factor that has most significantly impacted the nature and core of buying and selling in nearly all industries has been
• Question 5
Superior strategy formulation and implementation ________ an opponent's superiority in numbers and resources.
• Question 6
What are enduring statements of purpose that distinguish one business from other similar firms?
• Question 7
The Internet has transferred power from ________ to ________.
• Question 8
The first step in strategic planning is generally
• Question 9
Which phase of strategic management is called the action phase?
• Question 10
Internal ________ are activities in an organization that are performed especially well.
• Question 11
What can be defined as the art and science of formulating, implementing and evaluating cross-functional decisions that enable an organization to achieve its objectives?
• Question 12
What are guides to decision making?
• Question 13
Anything that a firm does especially well compared to rival firms is referred to as
• Question 14
How do line managers become "owners" of the strategy?
• Question 15
Which individuals are most responsible for the success and failure of an organization?