18 Questions
What is a key factor that organizations must consider when assessing organizational performance?
Return on investment
When analyzing the external environment, what is the main purpose for organizations to scan and assess it?
To identify strategic factors that pose opportunities and threats
What is one of the main objectives when generating, evaluating, and selecting alternative strategies in strategic management?
Achieve a set of objectives
In strategic management, what does an organization determine when scanning and assessing its internal corporate environment?
Strengths or core competencies and weaknesses
What is one of the main tasks when evaluating implemented strategies in strategic management?
Monitoring strategies through feedback systems and control activities
What is a primary aspect that organizations should revise based on analyzing strategic factors in strategic management?
Corporate mission and objectives
What determines the success of the implementation stage of a strategy?
Effective communication by upper management
Which of the following is a critical component of successful strategy implementation?
Optimizing resource usage
What is imperative for an enterprise when it comes to allocating resources?
Sound strategy
Why does success today not guarantee success in the future according to the text?
Strategies need constant evaluation
Which phase of strategic planning involves establishing specific targets or goals for implementation?
Strategy Formulation
What does the construction of a solid structure help to optimize according to the text?
Resource usage
Which strategic planning model is best for identifying strategic issues and goals caused by external factors?
Alignment Strategic Planning Model
What technique is often used in the Organic Strategic Planning Model to let participants create their ideas before sharing them with a larger group?
Storyboarding
Which strategic planning model is best for fine-tuning a business's strategies and correcting problem areas that prevent growth?
Alignment Strategic Planning Model
What is the first step in the Alignment Strategic Planning Model process?
Determining the business's resources, mission, programs, and required support
Which strategic planning model emphasizes continual reference to common values and shared reflection around current processes?
Organic Strategic Planning Model
What is the role of brainstorming in the Organic Strategic Planning Model?
It is used to pinpoint the needs of the enterprise and target the issues that need addressing
Test your knowledge on assessing organizational performance, reviewing corporate governance, and scanning the external and internal corporate environment.
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