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Strategic Management Workshop Flashcards | StudBud
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Strategic Management Workshop
Strategic Management Workshop
15 terms
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StudBud Administration
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To test the participants in Strategic Management Workshop!
Flashcards
15 cards
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Practice quiz
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Questions
15
Answers
1
Which of the following is not a basic objective of a Business?
Growth
Divest
Survival
Profitability
2
The business environment consists of two broad things including Strengths and Weaknesses.
True
False
3
The strategy is the plan of actions designed to achieve the basic objectives of a business.
False
True
4
Management is the art of getting things done by others through the use of resources effectively and efficiently.
True
False
5
Which of the following is a resource in business?
Market
Money
Methods
All of the above
6
Which of the following is considered as a situation in Situation Analysis?
Product situation
Environmental factors
All of the above
Competitive situation
7
Which of the following is the problem in understanding the business environment?
Diversity
Uncertainty
All of the above
Complexity
8
SWOT talks about Strength, Weakness, Opportunity, and Threat.
True
False
9
Which of the following is not a part of the implementation of Six Sigma to new products?
Define
Improve
Analyze
Measure
10
Vision is the road map for the company’s future.
False
True
11
Which of the following is not a Micro-environment factor?
Political
Suppliers
Market
Competitors
12
Which of the following is a major type of strategic change?
Restructuring
Innovation
All of the above
Reengineering
13
Which of the following is not a financial benefit of Strategic Management?
Enhanced productivity
Increased employee productivity
Improved profitability
Increased sales
14
Which of the following is the effect of globalization?
Entrepreneurship
All of the above
Privatization
Mobility of skilled resources
15
Operational Control is one type of strategic control.
True
False
