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Strategic Management Study Set 1

Criminal Justice

Quiz 4 :

The Internal Assessment

Quiz 4 :

The Internal Assessment

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A(n) ________ ideally supports the collective commitment of an organization's people to a common purpose.
Free
Multiple Choice
Answer:

Answer:

D

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What is the essential bridge between the present and the future that increases the likelihood of achieving desired results?
Free
Multiple Choice
Answer:

Answer:

B

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Opportunities are a firm's distinctive competencies that cannot be easily matched or imitated by competitors.
Free
True False
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Answer:

False

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________ captures the subtle, elusive, and largely unconscious forces that shape a workplace.
Multiple Choice
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The strategic-management process takes place largely within a particular organization's ________.
Multiple Choice
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Successful strategy formulation generally rests upon the ability of an organization to sell some product or service.
True False
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For a resource to be valuable, it must be either rare, hard to imitate, or not easily substitutable.
True False
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A firm's strengths that cannot be easily matched or imitated by competitors are called
Multiple Choice
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The basic premise of the research-based view is that the mix, type, amount, and nature of a firm's internal resources should be considered first and foremost in devising strategies that can lead to sustainable competitive advantage.
True False
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Proponents of the resource-based view argue that external factors are more important than internal factors for a firm in achieving and sustaining competitive advantage.
True False
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Explain the resource-based view and its relation to strategic management.
Essay
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Which of the following does the text call an up-front investment in success?
Multiple Choice
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A pattern of behavior developed by an organization as it learns to cope with its problems of external adaptation and internal integration, and that has worked well enough to be considered valid and to be taught to new members as the correct way to perceive, think, and feel is called
Multiple Choice
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A resource is valuable if it is rare, hard to imitate, or
Multiple Choice
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All of the following are basic activities of management EXCEPT
Multiple Choice
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2 + 2 = 5 is the mathematical expression of the concept of
Multiple Choice
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Since ________ resources can more easily be bought and sold, ________ resources are often more important for gaining and sustaining competitive advantages.
Multiple Choice
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Land is an example of a(n) ________ resource.
Multiple Choice
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Culture and ________ must work together.
Multiple Choice
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The functions of management can be performed best when a firm's ________ and culture are integrated.
Multiple Choice
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