Podcast
Questions and Answers
What is the primary characteristic of strategic decisions?
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?
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?
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?
What is the primary focus of tactical decisions?
What is the primary role of a disturbance handler in an organization?
What is the primary role of a disturbance handler in an organization?
What is the primary goal of strategic management?
What is the primary goal of strategic management?
What does corporate-level strategy focus on?
What does corporate-level strategy focus on?
What is the primary concern of business-level strategy?
What is the primary concern of business-level strategy?
What aspect should be considered for formulating strategic decisions according to the text?
What aspect should be considered for formulating strategic decisions according to the text?
Which factor is crucial for a strategic choice to be relevant and appropriate?
Which factor is crucial for a strategic choice to be relevant and appropriate?
Why is a SWOT analysis carried out by a company?
Why is a SWOT analysis carried out by a company?
Which level of strategy deals with how different parts of an organization deliver the corporate and business strategies?
Which level of strategy deals with how different parts of an organization deliver the corporate and business strategies?
What is the primary goal of the strategy formulation process?
What is the primary goal of the strategy formulation process?
What is the purpose of segmentation in the strategic process?
What is the purpose of segmentation in the strategic process?
What is a strategic business unit (SBU)?
What is a strategic business unit (SBU)?
What is the risk of not aligning strategic decisions with internal and external environments?
What is the risk of not aligning strategic decisions with internal and external environments?
What is the benefit of tracking revenues, costs, and profits independently in a strategic business unit?
What is the benefit of tracking revenues, costs, and profits independently in a strategic business unit?
What is the outcome of effective segmentation in the strategic process?
What is the outcome of effective segmentation in the strategic process?
