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Strategic Management Process Quiz

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Questions and Answers

What is the main focus of the Basic Strategic Planning Model?

Analyzing external factors using PESTEL

Developing action plans

Conducting a SWOT analysis

Creating a mission statement and setting intermediate goals (correct)

Which type of organization is best suited for the Basic Strategic Planning Model?

Businesses looking for a comprehensive plan

Organizations with basic strategic planning experience

Large corporations with extensive resources

Organizations with few resources (correct)

What does the Goal-based Strategic Planning Model emphasize before formulating a mission statement?

Conducting a SWOT analysis (correct)

Developing action plans

Analyzing external factors using PESTEL

Creating a budget

Which type of organization is best suited for the Goal-based Strategic Planning Model?

Established businesses seeking a comprehensive plan Signup and view all the answers

What analysis is utilized in the Scenario Strategic Planning Model?

PESTEL analysis Signup and view all the answers

Prioritizing objectives is a key step in which strategic planning model?

Goal-based Strategic Planning Model Signup and view all the answers

What is the characteristic of Logical Incrementalism as a strategy approach?

It is a fusion of strategy formulation and implementation. Signup and view all the answers

How does the Basic Strategic Planning Model differ from Logical Incrementalism?

It establishes a clear mission and objectives upfront. Signup and view all the answers

In what way does Strategic Decision-Making Process differ from Logical Incrementalism?

It involves top management proposing strategies to achieve the mission. Signup and view all the answers

What is the key advantage of the Scenario Strategic Planning Model?

It allows business units to propose strategies for achieving mission objectives. Signup and view all the answers

How does Proactive Planning differ from Reactive Planning in strategic decision-making?

Proactive Planning involves solving existing problems, while Reactive Planning searches for new opportunities. Signup and view all the answers

In what scenario would a company be more likely to use Logical Incrementalism as a strategic approach?

The company operates in an environment where resources must be developed before committing fully to a strategy. Signup and view all the answers