39. Which of the following statements explains why groups can produce better solutions than individuals
in decision-making situations?
Formal groups have no group norms.
Groups cannot experience information overload.
Groups become committed to solutions they help choose.
Groups take additional time to carefully evaluate all options.
All of these are reasons why groups can produce better solutions than individuals in a
decision-making situation.
40. The first step in the strategy-making process is to:
assess the need for strategic change
conduct a situation analysis
choose strategic alternatives
evaluate the impact of changes on the internal environment
create a strategic budget
41. In a situational analysis, a strategic group is a group of __________ that top managers choose for
comparing, evaluating, and benchmarking their company’s strategic threats and opportunities.
non-industry-specific companies
trade journals and other relevant periodicals
other firms within an industry
consulting firms that use the Delphi technique
42. Which of the following is a mechanism used to examine external threats and opportunities facing a
firm as well as its internal strengths and weaknesses?
shadow-strategy task forces
43. In any organization, the __________ are the less visible, internal decision-making routines,
problem-solving processes, and organization cultures that determine how efficiently inputs can be
turned into outputs.
imperfectly imitable resources