Podcast
Questions and Answers
What is an intended strategy?
What is an intended strategy?
- A strategy that an organization actually follows
- The strategy described in an organization's strategic plan (correct)
- A strategy resulting from disasters
- An unplanned strategy that arises in response to unexpected opportunities
Which type of strategy results from unexpected opportunities and/or challenges?
Which type of strategy results from unexpected opportunities and/or challenges?
- Emergent Strategy (correct)
- Deliberate Strategy
- Realized Strategy
- Unrealized Strategy
What is a characteristic of emergent strategies?
What is a characteristic of emergent strategies?
- Described in detail in the organization's strategic plan
- Always leading to tremendous success
- Unplanned and a response to unexpected circumstances (correct)
- Followed by the organization without any changes
Which type of strategy is a product of an organization's intended, deliberate, and emergent strategies?
Which type of strategy is a product of an organization's intended, deliberate, and emergent strategies?
What can making the wrong strategic moves lead to?
What can making the wrong strategic moves lead to?
In what document are intended strategies typically described?
In what document are intended strategies typically described?
What is the key to achieving a sustainable competitive advantage?
What is the key to achieving a sustainable competitive advantage?
How does a company achieve a competitive advantage according to the text?
How does a company achieve a competitive advantage according to the text?
What action leads to a sustainable competitive advantage?
What action leads to a sustainable competitive advantage?
Which company has enjoyed a sustainable competitive advantage over Samsung in the smartphone industry?
Which company has enjoyed a sustainable competitive advantage over Samsung in the smartphone industry?
Why is uniqueness important in gaining a competitive advantage?
Why is uniqueness important in gaining a competitive advantage?
How can a firm be said to have a competitive disadvantage?
How can a firm be said to have a competitive disadvantage?
What is an essential consideration for managers in strategic positioning?
What is an essential consideration for managers in strategic positioning?
Which of the following is true about resources in strategic management?
Which of the following is true about resources in strategic management?
What is the danger of competing to be just a bit better than competitors?
What is the danger of competing to be just a bit better than competitors?
What is a primary focus of strategic planning?
What is a primary focus of strategic planning?
What is the purpose of risk management in a business?
What is the purpose of risk management in a business?
How can operational effectiveness, marketing skills, and functional expertise contribute to strategic positioning?
How can operational effectiveness, marketing skills, and functional expertise contribute to strategic positioning?
What is an example of sustainability in an organization?
What is an example of sustainability in an organization?
Who are primarily responsible for ensuring high ethical principles in an organization?
Who are primarily responsible for ensuring high ethical principles in an organization?
What unethical action involves using company resources for personal gain?
What unethical action involves using company resources for personal gain?
Which unethical behavior involves dumping banned products in foreign markets?
Which unethical behavior involves dumping banned products in foreign markets?
What is a key responsibility of strategists within an organization?
What is a key responsibility of strategists within an organization?
Which unethical action involves giving inappropriate gifts?
Which unethical action involves giving inappropriate gifts?
What is the primary focus of strategic management?
What is the primary focus of strategic management?
How often do firms typically revise or create new strategies?
How often do firms typically revise or create new strategies?
What does a company's strategy aim to do in a competitive marketplace?
What does a company's strategy aim to do in a competitive marketplace?
What is the key essence of competing differently in strategic management?
What is the key essence of competing differently in strategic management?
How does a strategy stand a better chance of succeeding, as mentioned in the text?
How does a strategy stand a better chance of succeeding, as mentioned in the text?
What does a company's strategy provide guidance on, based on the text?
What does a company's strategy provide guidance on, based on the text?
