Why does strategist do not choose all the feasible alternative actions in formulating and implementing a strategy?
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43.
Why does strategist do not choose all the feasible alternative actions in
formulating and implementing a strategy?
a. Because a strategist just wanted to apply the strategy that they have been using.
b. Because a strategist needs to respect the management culture in
implementing strategy.
c. Because there can be an infinite possible actions and ways to implement strategy
d. Because a strategist tends to back out with the strategy, he is not used in
doing
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- 77) Which of the following statements related to strategy is true? a) Strategy formulation usually requires more people than strategy implementation b) You cannot distinguish strategy formulation from strategy implementation c) Strategy formulation and strategy implementation are independent d) Strategy implementation and strategy execution are processes that require managerial attention.Which of the following is NOT typically a trigger to an evolving strategy? A. the need to keep strategy in step with changing circumstances, market conditions, and changing customer needs and expectations B. the proactive efforts of company managers to fine-tune and improve one or more pieces of the strategy C. the need to abandon some strategy features that are no longer working well D. the need to respond to the newly initiated actions and competitive moves of rival firms E. the need to respond to short-term swings in the stock marketWhy is consistency between strategic and tactical objectives important? a. Because they are develop simultaneously. b. Consistency is a key component of measurement. c. Consistency assures that tactics do not work against strategies. d. Because strategy naturally flows from tactics.
- 88) Which of the following best describes what strategy implementation is from a behavior perspective? a) The Behavior and activities related to the implementation of a new software system. b) Those senior-level leadership behavior and activities that will transform a working plan into a concentrate reality. c) Those senior level activities that determine which compensation plan is used. d) Those activities that determine how elasticity of demand is transformed from a working plan to a business strategyWhich of the following is NOT true of a good balanced scorecard? a. It identifies all measures, whether significant or small, that help to implement strategy. b. It uses nonfinancial measures to serve as leading indicators of future financial performance. c. It helps to communicate corporate strategy to all members of the organization. d. It tells the story of a company's strategy by articulating a sequence of cause-and-effect relationships.17- Which statement is not true regarding planning? a. Plan is always prepared only by the top level managers b. All managers continuously make plans c. Planning is the primary function of management d. Failing to plan is planning to fail
- 1.Which of the following statements is incorrect about risk and risk management? a.Risk can be classified as either an opportunity or a threat. b.A risk management system can only be as good as the people manning it. c.Risk management should be performed by management accountants only. d.The risk management philosophy must be embedded in the company’s structure and culture. 2.Which of the following is not considered as a key to a successful strategic risk management? a.Top management support b.Covering all known risks in the existing risk management activities c.Updating and educating the board and top management d.Leverage existing resources 3.Which of the following is not considered as a limitation of strategic risk management? a.It requires specialized skills and capabilities in strategy and risk management b.It requires working beyond the silos in risk management c.It requires updating and educating the board and top management d. Strategy, risk assessment, and risk management…he strategic management process is a. a set of activities that will assure a temporary advantage and average returns for the firm. b. a decision-making activity concerned with a firm’s internal resources, capabilities, and competencies, independent of the conditions in its external environment. c. a process directed by top-management with input from other stakeholders that seeks to achieve above-average returns for investors through effective use of the organization’s resources. d. the full set of commitments, decisions, and actions required for the firm to achieve above-average returns and strategic competitiveness.Identify the resources, capabilities and core competencies that would be needed for that business. Resources: Asset that an organization can use when formulating or implementing a strategy. - Tangible: people, money, equipment, location, supplies - Intangible: knowledge, patent, trademark, brand, reputation, training system Capabilities: An organizational and management skill necessary to orchestrate a diverse set of resources and deploy them strategically. This is an intangible. Core competencies: A unique strength within an organization that allows it to differentiate its products and services from those of its competitors, creating higher value or lower costs for its customers and itself. Identify the major costs of the following three ways to start a new business. Start-up Business purchase Franchise What do you think is best way to start up this business (creating a new business, buying an existing business or franchising a business)? Why?
- 11. If an IS organization is viewed as a cost center/service provider, its strategic planning process is typically directed inward and focused on determining how to do what it is currently doing but doing it cheaper, faster, and better. a. True b. False 14 The strategic plan of an information system (IS) must identify those technologies, vendors, competencies, people, systems, and projects in which an organization will invest to support the corporate and business unit strategies. a. True b. False 16. The release of a new and more powerful mobile computing device or data-crunching software package can influence the strategic plan of an information system. a. True b. FalseWhat does it mean for the balanced scorecard to “reflect strategy”?a. One should be able to infer an organization’s strategy from the balanced scorecard.b. The management accountant develops the balanced scorecard prior to developing a strategy.c. The balanced scorecard is one of the key methods for implementing strategy.d. One cannot have an effective strategy without an effective balanced scorecard.48. During the current situation of corona, people need savings to meet their emergency needs. This is an example of ____________ a. Strategic planning b. None of the options given c. Operational planning d. Contingency planning 49. The power which involve the ability to either reward or punish persons being influenced, in order to gain compliance is termed as___________. a. Expert and informational power b. Reward and coercive power c. Referent power d. Legitimate power