Defining Strategic Management

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to Lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What does social responsibility expect of businesses or individuals?

  • To ignore stakeholders
  • To avoid measuring performance
  • To focus solely on financial results
  • To improve the overall welfare of society (correct)

What does a triple bottom line assessment measure?

  • Social performance only
  • Financial performance only
  • Financial, social, and environmental performance (correct)
  • Environmental performance only

According to Coherence in Strategic Direction, what do strategic objectives do?

  • Form a hierarchy of goals
  • Operationalize the mission statement with specific yardsticks (correct)
  • Guide ideas
  • Operationalize the vision

What is required for strategic management according to Empowered Strategic Management?

<p>An integrative view of the organization (A)</p> Signup and view all the answers

Who are the local line leaders according to Empowered Strategic Management?

<p>Leaders with profit &amp; loss responsibility (B)</p> Signup and view all the answers

'Vision' in the context of Coherence in Strategic Direction does what?

<p>Evokes compelling mental images of a shared future (D)</p> Signup and view all the answers

'Mission' in Coherence in Strategic Direction encompasses what?

<p>Current purpose, basis of competition, &amp; competitive advantage (D)</p> Signup and view all the answers

'Internal networkers' in Empowered Strategic Management are characterized by what?

<p>'Little positional power, but have conviction &amp; clarity of ideas' (D)</p> Signup and view all the answers

'Coherence in Strategic Direction' suggests that organizations express priorities best through what?

<p>'Stated goals &amp; objectives that form a hierarchy of goals' (B)</p> Signup and view all the answers

'Jump to Appendix 3' in the text most likely contains what type of information?

<p>'Long description related to strategic management' (C)</p> Signup and view all the answers

Flashcards are hidden until you start studying

More Like This

Strategic Management Module 1
8 questions

Strategic Management Module 1

BrotherlyProtactinium avatar
BrotherlyProtactinium
Strategic Management Concepts
42 questions
Use Quizgecko on...
Browser
Browser