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Strategic Management Prof.Lhacen BELHCEN Quiz

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Strategic Management Prof.Lhacen BELHCEN Quiz

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Questions and Answers

What is the primary characteristic of strategic decisions?

They involve low risk

They are made frequently

They have a high risk, organization-wide impact, and a long-term focus (correct)

They are made by junior managers

What is the primary goal of achieving organizational goals?

Launching new products

Supplementing tactical and strategic objectives

Acquiring resources and deciding how they’ll be utilized (correct)

Day-to-day decision making

Who typically makes strategic decisions in an organization?

Lower-level employees

Middle managers

Senior managers (correct)

Junior managers

What is the primary focus of tactical decisions?

Medium-term goals Signup and view all the answers

What is the primary role of a disturbance handler in an organization?

To handle disturbances and crises Signup and view all the answers

What is the primary goal of strategic management?

To achieve organizational goals Signup and view all the answers

What does corporate-level strategy focus on?

Overall purpose and scope of an organization Signup and view all the answers

What is the primary concern of business-level strategy?

How to compete successfully in particular markets Signup and view all the answers

What aspect should be considered for formulating strategic decisions according to the text?

Analysis of internal and external environment Signup and view all the answers

Which factor is crucial for a strategic choice to be relevant and appropriate?

Match between decisions and environmental requirements Signup and view all the answers

Why is a SWOT analysis carried out by a company?

To support the decision-making process Signup and view all the answers

Which level of strategy deals with how different parts of an organization deliver the corporate and business strategies?

Functional (operational) strategy Signup and view all the answers

What is the primary goal of the strategy formulation process?

To ensure strategic decisions align with internal and external environments Signup and view all the answers

What is the purpose of segmentation in the strategic process?

To divide customers into groups with similar needs and behaviors Signup and view all the answers

What is a strategic business unit (SBU)?

A part of an organization with a distinct external market Signup and view all the answers

What is the risk of not aligning strategic decisions with internal and external environments?

Strategic drift Signup and view all the answers

What is the benefit of tracking revenues, costs, and profits independently in a strategic business unit?

To quickly react to market changes Signup and view all the answers

What is the outcome of effective segmentation in the strategic process?

The identification of new market opportunities Signup and view all the answers