Global Strategic Management Challenges Quiz

SteadiestConsciousness1994 avatar
SteadiestConsciousness1994
·
·
Download

Start Quiz

Study Flashcards

10 Questions

What is the main focus of strategic management?

Developing new and innovative strategies

What is the purpose of a strategic vision?

Leveraging firm's resources and core competencies to achieve goals

What does the industry-based model strategy focus on?

Competitive advantages within the industry

What does the resource-based model strategy analyze?

Internal resources available to the firm

What is the role of top executives in strategic management?

Formulating policies and programs to guide the company

What are the challenges of strategic management in the economic global arena?

The challenges are substantial for both big corporations operating in the multi-national environment and small firms.

How is strategy described in the context of integrated management?

Strategy is an integrated management challenge as the top executive formulates policies and programs to bring the company in its desired direction.

What is the main focus of the industry-based model strategy in strategic management?

It focuses on analyzing the prevailing industry where the firm has its competitive advantages over other firms in the environment.

What is the main focus of the resource-based model strategy in strategic management?

It focuses on analyzing the prevailing resources available to the firm in the internal environment that could be utilized to develop competitive advantage.

What is the advantage of a strategic vision in the competitive environment?

A strategic vision leverages the firm's resources and core competencies to accomplish its goals in the competitive environment.

Make Your Own Quizzes and Flashcards

Convert your notes into interactive study material.

Get started for free

More Quizzes Like This

Global Strategy and Strategic Management
5 questions
Global Strategic Planning
17 questions

Global Strategic Planning

HarmoniousJadeite8793 avatar
HarmoniousJadeite8793
Use Quizgecko on...
Browser
Browser