Strategic Management Emphasis Quiz
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Questions and Answers

What is the primary focus of strategic management?

  • Monitoring and evaluating external opportunities and threats (correct)
  • Examining the organization's internal environment
  • Analyzing the short-run performance of the corporation
  • Evaluating the performance of first line managers

    • Which phase comes first in the evolution of strategic management in corporations?

  • Forecast-based planning
  • Basic financial planning (correct)
  • Externally-oriented planning
  • Internally-oriented planning

    • What is the typical time horizon for basic financial planning?

  • One quarter
  • One year (correct)
  • Less than one month
  • More than five years

    • How does forecast-based planning differ from basic financial planning?

    <p>Forecast-based planning incorporates both internal and external information</p> Signup and view all the answers

    What does strategic management involve with regard to external opportunities and threats?

    <p>Strategic management considers both opportunities and threats</p> Signup and view all the answers

    Which phase of strategic management involves the use of sophisticated techniques and consultants?

    <p>Forecast-based planning</p> Signup and view all the answers

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