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Strategic Management Process Quiz

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Questions and Answers

Which of the following is a component of the comprehensive model of strategic management?

Financial analysis
Market analysis
Human resource analysis
SWOT analysis (correct)

What is the purpose of strategic intent?

To analyze the external environment
To allocate resources
To define the business model
To guide the organization's actions (correct)

Which of the following is an example of a strategic control?

Financial performance analysis (correct)
Employee performance evaluation
SWOT analysis
Market research

What is the purpose of a vision and mission in strategic management?

To provide a sense of purpose and direction (D) Signup and view all the answers

What is the main difference between strategic analysis and strategic evaluation?

Strategic analysis assesses the current situation, while strategic evaluation assesses the effectiveness of strategies (B) Signup and view all the answers

What are the basic components of the models used to analyze strategic management?

Strategic Intent, Vision, Mission, Business definition, Business model, Objectives, Strategy Formulation, Environmental Organizational Appraisal, SWOT Analysis, Corporate-level Strategies, Business-level Strategies, Strategic analysis and choice, Strategic plan, Strategy Implementation, Strategic Evaluation, Project Procedural, Resource allocation, Structural, Behavioral, Functional & Operational, Strategic control Signup and view all the answers

What is the process flow of strategic management?

Strategic management is a process—a flow of information through interrelated stages of analysis toward the achievement of some goal Signup and view all the answers

What is the purpose of strategic analysis?

To assess the internal and external factors that may affect the achievement of strategic goals Signup and view all the answers

What is the purpose of strategic evaluation?

To assess the effectiveness of the implemented strategies and their impact on the organization's performance Signup and view all the answers

What are examples of corporate-level strategies?

Diversification, vertical integration, strategic alliances, mergers and acquisitions Signup and view all the answers

Strategic Management Process Quiz

Choose a study mode

Podcast

Questions and Answers

Which of the following is a component of the comprehensive model of strategic management?

What is the purpose of strategic intent?

Which of the following is an example of a strategic control?

What is the purpose of a vision and mission in strategic management?

What is the main difference between strategic analysis and strategic evaluation?

What are the basic components of the models used to analyze strategic management?

What is the process flow of strategic management?

What is the purpose of strategic analysis?

What is the purpose of strategic evaluation?

What are examples of corporate-level strategies?

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