Strategy and Choice

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Questions and Answers

Which stage of the strategy and choice process involves making subjective decisions based on objective information?

  • Stage 3: The Decision Stage
  • Stage 4: The Implementation Stage
  • Stage 2: The Matching Stage (correct)
  • Stage 1: The Analysis Stage

What is the nature of strategy analysis and choice?

  • To determine the firm's mission and objectives
  • To select strategies to pursue
  • To generate alternative strategies (correct)
  • To establish long-term objectives

What is the focus of generating feasible alternative strategies?

  • Determining the firm's mission and objectives
  • Aligning external and internal factors
  • Selecting strategies to pursue
  • Matching external and internal critical success factors (correct)

How is strategy defined in the text?

<p>The match between internal resources and skills (D)</p> Signup and view all the answers

What is the key to effectively generating feasible alternative strategies?

<p>Aligning key external and internal factors (A)</p> Signup and view all the answers

Which stage of the strategy and choice process involves determining alternative courses of action?

<p>Stage 1: The Analysis Stage (B)</p> Signup and view all the answers

What does strategy seek to determine?

<p>Opportunities and risks (B)</p> Signup and view all the answers

What is the focus of the Matching Stage?

<p>Matching external and internal critical success factors (B)</p> Signup and view all the answers

How is strategy defined in the text?

<p>The match an organization makes between its internal resources and skills and the opportunities and risks created by its external factors (D)</p> Signup and view all the answers

What is the key to effectively generating feasible alternative strategies?

<p>Matching external and internal critical success factors (C)</p> Signup and view all the answers

Which stage of the strategy and choice process involves generating alternative strategies?

<p>Stage 1: The Analysis Stage (C)</p> Signup and view all the answers

What is the purpose of strategy analysis and choice?

<p>To determine alternative courses of action (D)</p> Signup and view all the answers

What is the focus of the strategy and choice stage 2?

<p>Aligning external and internal factors (A)</p> Signup and view all the answers

What is the key to effectively generating feasible alternative strategies?

<p>Matching external and internal critical success factors (A)</p> Signup and view all the answers

How is strategy defined in the text?

<p>The process of matching internal resources and skills with external opportunities and risks (B)</p> Signup and view all the answers

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