Strategic Management Process – Test 1

Which is not the meaning of vision ?

Which of these are the base of measurement ?

Best-worded ______ statement clearly & crisply illuminates direction in which organization is headed.

Which is not the question for deciding the mission statement ?

Objectives with _______ relate to outcomes that strengthen an organization‘s overall business position & competitive vitality?

A _________ delineates management’s aspiration for the organization and highlights a particular direction, or strategic path for it to follow in preparing for the future, and modules its identity

Which question According to Peter Drucker, every organization must ask & get meaningful answer?

Which of these consists of economic, social, technological, market & other forces which affect its functioning?

Which is a managerial process of selecting best course of action out of several alternative courses for purpose of accomplishment of organization goals?

Which is not the element of strategic intent ?

Rivals firms, operating in the same industry rely on different __________ due to their strategic choice

Forming a strategic vision is an exercise in intelligent ___________.

Who was the first to agitate the issue of mission statement through writings?

Which is more specific & translate goals to both short-term & long-term goals?

Strategy formulating is at which stage of strategic management

Which of these is foundation & from this the network of goals is built ?

Which stage is diagnostic phase of strategic analysis?

Which is not the major dimension of strategic decision making?

Which can be employed when information gathering & additional are not able to reduce uncertainty?

________ Depicts the organization’s aspirations and provides a glimpse of what the organization would like to become in the future?

Which of these is not related with business definition ?

Which is not the element of strategic vision?

Why an organization need mission statement ?

Which of these are close-ended?

Strategy formulation, implementation, & evaluation activities should be performed _________?

Which of these is not the type of strategic analysis?

Which of these communicates management aspirations to stakeholders & helps steer the energies of company personnel in a common direction?

Which is not the final stage of strategic management ?

Which of these is made by senior management ?

Strategic intent indicates the __________market position.