Strengths and weaknesses are determined relative to competitors (true)
A set of annual objectives is needed for each long-term objective. (true)
Albert Einstein acknowledged the importance of intuition when he said . (true)
making good strategic decisions is the major responsibility of an organization’s owner or chief executive
officer, (true)
Intense price competition is plaguing most firms (true)
Successful strategy does not implementation hinges on managers’ ability to develop an organizational
climate (false)
Comparative advantage can be defined as any activity a firm does especially well compared to activities
done by rival firms, or any resource a firm possesses that rival firms desire. (false)
Managers desperately need to know when particular strategies are not working well; strategy
