Podcast
Questions and Answers
What is the main focus of this chapter on strategic management?
What is the main focus of this chapter on strategic management?
- Acknowledging the limitations of strategic management
- Identifying strategic decisions and behaviours within a firm
- Formulating strategic intent - vision, mission, goals, and values (correct)
- Describing strategic levels in organizations
According to Michael Porter, what is the consequence of a company without a strategy?
According to Michael Porter, what is the consequence of a company without a strategy?
- It is willing to try anything (correct)
- It experiences limitations in strategic management
- It recognizes the nature of strategic management
- It acknowledges the importance of strategic intent
What does Henry Mintzberg's quote suggest about strategy?
What does Henry Mintzberg's quote suggest about strategy?
- It's the consequence of planning
- It's not relevant in the modern business world
- It's related to limitations in strategic management
- It's the starting point of planning (correct)
Which level of an organization does strategic management primarily focus on?
Which level of an organization does strategic management primarily focus on?
What is emphasized as important for the development of an overall business strategy?
What is emphasized as important for the development of an overall business strategy?
According to the learning outcomes, should all decisions be strategic?
According to the learning outcomes, should all decisions be strategic?
What is the main focus of this chapter?
What is the main focus of this chapter?
Which term is used to refer to a set of interrelated functions and processes carried out by the management of an organisation to attain its objectives?
Which term is used to refer to a set of interrelated functions and processes carried out by the management of an organisation to attain its objectives?
What is the chief organ entrusted with the task of making an organisation a purposeful and productive entity?
What is the chief organ entrusted with the task of making an organisation a purposeful and productive entity?
Which process involves determination of the goals, design of the organisation, and installation of control systems?
Which process involves determination of the goals, design of the organisation, and installation of control systems?
What is the term 'management' used in relation to, in addition to referring to a key group in an organisation in-charge of its affairs?
What is the term 'management' used in relation to, in addition to referring to a key group in an organisation in-charge of its affairs?
Which term refers to an influence process to make things happen, to gain command over phenomena, and to induce and direct events and people in a particular manner?
Which term refers to an influence process to make things happen, to gain command over phenomena, and to induce and direct events and people in a particular manner?
What do managers formulate to cope with, to adapt, and to adjust themselves with the behaviour and changes in the environment?
What do managers formulate to cope with, to adapt, and to adjust themselves with the behaviour and changes in the environment?
What does management systematically mobilize and utilize efficiently and effectively to make an organization a unified functioning system?
What does management systematically mobilize and utilize efficiently and effectively to make an organization a unified functioning system?
$The strategic management process is the set of activities that firm$ __________.
$The strategic management process is the set of activities that firm$ __________.
What is the survival and success of an organisation dependent on?
What is the survival and success of an organisation dependent on?
