Strategic Management Process – Test 4

Which seeks to explain business undertaken by firm, with respect to customer needs, target markets & technologies

Which of these point out a particular direction, charts a strategic path to followed in future ?

Which is not the parameter to be assessed & controlled by mission statement ?

Which of these are open-ended?

Strategic management process is _______.

Environmental and organizational analysis is at which stage of strategic management

Which of these delineates management’s aspirations for organization & highlights a particular direction, or strategic path?

Which is not the principal aspect in implementation of strategy ?

Which of these involves determination of the course of action to attain the predetermined objectives?

________can be understand as the philosophical base of strategic management

Which of these explain the reason for existence of firm & identify what business company undertakes?

Which of these does not explain the philosophy of organization ?

Which is not the reason for having mission statement in organization ?

Business organization translate their vision & mission into ________ ?

What should be considered before setting long-term objectives?

Strategic management process is cleanly divided and neatly performed in practice as ________ suggests.

Top management views & conclusion about company’s direction & product-
customer market- technology focus constitute ________ for company

Which of these is operation-oriented, activity aimed at shaping performance of core business activities?

________ means deciding what need to done in future & generating blueprint for action ?

__________Refers to purposes of what the organization strives for?

Which of these delineates the firm’s business, its goals & ways to reach goals ?

Which is time-based measurable targets, which help in accomplishment of goals ?

Which of these are central to strategic planning ?

Which of these serves as justification for the firm’s very presence & existence ?

By spelling out ________ management indicates speed at which longer-range targets are to be approached?

Which of these provides the basis for major decision of the firm & also said the organizational performance to be realized at each level ?

Which is not the stage of strategic management ?

Which is not involved in organizational analysis ?

Which strategy actually steers the firms towards success?

Generally, result of strategic implementation are seen on which basis?