Chapter 02 Strategy Formulation, Execution, and Governance Answer
Key
Multiple Choice Questions
1.
Which one of the following is
not
one of the five stages of an ongoing, continuous strategic
management process?
2.
Which of the following is an integral part of the managerial process of crafting and executing
strategy?
3.
When companies adopt the strategy making, strategy execution process, it requires they start
by
4.
The strategic management process is shaped by
5.
When a company is confronted with significant industry change that mandates radical revision
of its strategic course, the company is said to have encountered a(n)
6.
A company’s strategic plan consists of
7.
The strategy-making, strategy-executing process
8.
A company’s strategic vision concerns
9.
Management’s strategic vision for an organization
10.
Top management’s views about where the company is headed and what its future product–
customer-market-technology will be
11.
Which one of the following is
not
an accurate attribute of an organization’s strategic vision?
12.
Well-conceived visions are
13.
Which of the following are characteristics of an effectively worded strategic vision statement?
14.
Which one of the following is
not
a characteristic of an effectively worded strategic vision
statement?
15.
Which of the following is
not
a common shortcoming of company vision statements?
16.
Which of the following are common shortcomings of company vision statements?
17.
Effectively communicating the strategic vision down the line to lower-level managers and
employees has the value of
18.
The benefit of a vivid, engaging, and convincing strategic vision is
19.
A company’s mission statement typically addresses which of the following questions?
20.
Ideally, a company’s mission statement should be sufficiently descriptive and include which of
the following?
21.
The difference between the concept of a company mission statement and the concept of a
strategic vision is that
22.
A company’s values concern
23.
A company’s values relate to such things as