Strategic Management Concepts
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Questions and Answers

What is the plan that needs to be implemented for an organization to progress towards its vision and fulfill its goals called?

  • Macro environment
  • Micro environment
  • Reactor strategy
  • Strategic direction (correct)

    • Which strategy lies midway between the prospector and the defender?

  • Macro environment
  • Micro environment
  • Strategic direction
  • Reactor strategy (correct)

    • What is the broad environment outside of an organization's industry and markets?

  • Strategic direction
  • Micro environment
  • Reactor strategy
  • Macro environment (correct)

    • What changes can impact all organizations within an industry?

    <p>Changes in the micro environment</p> Signup and view all the answers

    What is not traditionally drawn on the organizational chart?

    <p>Vertical linkage of departments</p> Signup and view all the answers

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