Podcast
Questions and Answers
What is the primary goal of strategy implementation?
What is the primary goal of strategy implementation?
- Creating a corporate vision without execution.
- Executing a strategic plan through programs, budgets, and procedures. (correct)
- Developing high-level strategies but leaving execution to employees.
- Avoiding operational involvement in business strategy.
Which of the following is NOT a key question in the strategy implementation process?
Which of the following is NOT a key question in the strategy implementation process?
- Who will carry out the strategic plan?
- What must be done to align operations with the strategy?
- How is everyone going to work together to implement the strategy?
- What is the expected revenue increase after one quarter? (correct)
What is the main purpose of a program in strategy implementation?
What is the main purpose of a program in strategy implementation?
- To outline financial goals without execution.
- To make a strategy action-oriented by defining specific initiatives. (correct)
- To increase employee engagement without considering business goals.
- To develop policies unrelated to corporate strategy.
Which of the following describes an example of a program supporting strategy implementation?
Which of the following describes an example of a program supporting strategy implementation?
What role do budgets play in the strategy implementation process?
What role do budgets play in the strategy implementation process?
Which type of synergy occurs when different units share knowledge and skills?
Which type of synergy occurs when different units share knowledge and skills?
How did the merger between Delta and Northwest Airlines achieve synergy?
How did the merger between Delta and Northwest Airlines achieve synergy?
Which of the following is an example of economies of scale achieved through synergy?
Which of the following is an example of economies of scale achieved through synergy?
What triggers a strategy review?
What triggers a strategy review?
Which financial metric is used to measure profitability objectives?
Which financial metric is used to measure profitability objectives?
Which of the following is an example of steering control in strategic evaluation?
Which of the following is an example of steering control in strategic evaluation?
What is the primary benefit of using a balanced scorecard in strategy evaluation?
What is the primary benefit of using a balanced scorecard in strategy evaluation?
Which of the following is NOT one of the four perspectives in the balanced scorecard?
Which of the following is NOT one of the four perspectives in the balanced scorecard?
How does Amazon use the balanced scorecard approach?
How does Amazon use the balanced scorecard approach?
Flashcards
Strategy Implementation Goal
Strategy Implementation Goal
Executing a strategic plan via programs, budgets, and procedures.
Non-key Question in Strategy
Non-key Question in Strategy
Not focused on immediate strategy execution metrics.
