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Strategic Management Review
Strategic Management Review
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#Introduction to Strategic Management
Flashcards
15 cards
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Practice quiz
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Questions
15
Answers
1
Which point is "not" part of the internal innovation?
Innovation ideas
Incremental and novel innovation
Autonomous strategic behavior
Induced strategic behavior
2
What is the first stage of strategic management?
Conception
Formulation
Evaluation
Implementation
3
The use or application of entrepreneurship within an established firm is ...
Entrepreneurship Strategy
Business Entrepreneurship
Corporate Entrepreneurship
Strategic Entrepreneurship
4
What is internal environment?
Opportunities and strengths
Opportunities and threats
Strengths and threats
Strengths and weaknesses
5
The strategic management process is formulation, implementation and planning.
False
True
6
There are three coherence in strategic direction: company vision, mission and objectives.
True
False
7
Corporate planning is one of the key terminology in strategic management.
False
True
8
What is Strategic Management?
It promotes alignment of organization, environment & goals
comprehensive plan foraccomplishing an organization’s goals
It involves formulating andimplementing strategies
All of the above
9
Reasons for no strategic planning include overconfidence, too expensive and laziness.
False
True
10
Strategic Management means drafting, implementing and evaluatingcross functional decisions.
False
True
11
A cooperative strategy in which firms combine some of their resources to create a competitive advantage is ...
Cooperative strategy
Corporate – Level Cooperative Strategy
Strategic alliance
Business – Level Cooperative Strategy
12
The action stage of strategic management is called strategy formulation.
False
True
13
Strategic management must be a self-reflective learning process.
False
True
14
What is external environment?
Opportunities and strengths
Opportunities and threats
Strengths and threats
Strengths and weaknesses
15
What is the final stage in the strategic management process?
Strategy formulation
Strategy evaluation
Strategy implementation
Strategy planning
