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31 Cards in this Set

  • Front
  • Back
Select the best answer
Non profit organizations have been slow to adopt strategic planning because:
a) the services they provide are difficult to measure
b) employees have a strong commitment to their professions
c) they are constrained by short-term budget cycles
d) forecasting and budgeting are confused with planning
c) they are constrained by short-term budget cycles
True or False
The three levels of strategy are corporate level strategy, business unit corporate level strategy and functional level strategy
True
Strategic planning is:
a) the pattern for the organization's response to it's environment over time
b) the unique reason for existence
c) analyzing the environment and organizational goals to develop a plan to move into the future
d) selecting goals, determining policies and establishing implementation methods
e) basic sense of direction
f) evaluating each business unit according to the marketplace and the corporation's internal makeup
a) the pattern for the organization's response to it's environment over time
c) analyzing the environment and organizational goals to develop a plan to move into the future
True or False
The evaluation component of an organizational goal assists managers in selecting among competing alternatives
False
Select each of the following items whish is a step in resource analysis:
a) determine key sucess requirements of market
b) determination of strategic change required
c) environmental analysis
d) logical incrementalism
e) profile skills and resources
a) determine key sucess requirements of market
e) profile skills and resources
True or False
Strategic decision making involves identifying, evaluating, and selecting alternative strategic approaches
True
The approach to developing corporate strategy in which major strategic decisions evolve ofer tie and are confirmed by the entire organization is called
values based
True or False
Strategic planning focuses on doing the right things
True
Planning specialists in large organizations are particularly effective because they:
a) provide leadership to top management in the creaton of a strategic plan
b) develop strategic plans from surveys and research
c) support and assist line managers in strategic planning
d) designs systems of strategic control
c) support and assist line managers in strategic planning
True or False
One disadvantage of strategic planning is that hte investment of time, money and people may take years to pay off
True
Select the best response
A disadvantage os strategic planning:
a) it encourages the organization to avoid high-risk opportunities
b) it provides constant guidelines for the organization's activities
c) it minimizes the chance of mistakes and unpleasant surprises
d) it decreases and organizations responsiveness to a changing environment
d) it decreases and organizations responsiveness to a changing environment
True or False
The entrepreneurial mode of strategy making is the science of "muddling through"
False
Planning mode is:
a) the pattern for the organization's response to it's environment over time
b) the unique reason for existence
c) analyzing the environment and organizational goals to develop a plan to move into the future
d) selecting goals, determining policies and establishing implementation methods
e) basic sense of direction
f) evaluating each business unit according to the marketplace and the corporation's internal makeup
d) selecting goals, determining policies and establishing implementation methods
True or False
Strategy is an organizations mission purpose and objectives
False
An organization's mission is:
a) the pattern for the organization's response to it's environment over time
b) the unique reason for existence
c) analyzing the environment and organizational goals to develop a plan to move into the future
d) selecting goals, determining policies and establishing implementation methods
e) basic sense of direction
f) evaluating each business unit according to the marketplace and the corporation's internal makeup
b) the unique reason for existence
True or False
Functional level strategies are less detailed than corporate level strategies
False
Corporate portfolio approach is:
a) the pattern for the organization's response to it's environment over time
b) the unique reason for existence
c) analyzing the environment and organizational goals to develop a plan to move into the future
d) selecting goals, determining policies and establishing implementation methods
e) basic sense of direction
f) evaluating each business unit according to the marketplace and the corporation's internal makeup
f) evaluating each business unit according to the marketplace and the corporation's internal makeup
True or False
The top down approach to formal strategic planning means upper level executives formulate a controlled, unified stategy with the advice of lower level managers
True
Select the best response
The goals of an organization include:
a) strategy, plaanning and control
b) planning, strategy and objectives
c) markets, services, and clients
d) purpose, mission and objectives
d) purpose, mission and objectives
Select all items from the list that are characteristic of strategy:
a) adaptive mode
b)improved functioning
c) concentration of effort
d) identification of strategic alternatives
e) time horizon
c) concentration of effort
e) time horizon
The active formulation of a strategy which takes a broad and usually long range focus is known as ________
strategic planning
True or False
Non-profit organizations tend to be managed in a strategic sense
False
Select every item in the following list that indicates a level of strategy:
a) values based approach
b) top-level involvement
c) dual-level approach
d) business unit stratgey
e) level of employee commitment
d) business unit stratgey
The planning approach whose simplicity and abstractness can encourage simplistic approaches to comp;ex problems and situations is called the _______
BCG Mtrix
A major challenge of strategic planning is to obtain long-term commitments in the face of increasingly ____ and____ environments
Dynamic
uncertain
To devise an appropriate strategy, managers must determine their organization's ____ ___ and ___
mission, purpose and objectives
The approach to formal strategic planning in which corporate executives and lower-level managers develop strategy in consultation with each other is ____
Interactive
Organizations whose top managers are less likely thatn other managers to engage in formal strategic planning are ____ organizations
non-profit
Organizations that are motivated essentially by one overriding goal, namely constant growth are called _____ organizations
entrepreneurial
Strategy is defined at ___ levels
3
Porter's framework for market competition outlines ___ environmental forces
4