BUS1002 Week 6

BUS1002 Week 6

University

20 Qs

quiz-placeholder

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BUS1002 Week 6

BUS1002 Week 6

Assessment

Quiz

Professional Development

University

Hard

Used 3+ times

FREE Resource

20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

__________ is an action focus that links an organisation to its environment.

Objective setting

Ecological management

Problem solving

Strategy

Decision making

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The essence of __________ is looking ahead, understanding the environment and the organisation, and effectively positioning the organisation for competitive advantage.

managerial planning

strategic management

problem solving

portfolio planning

environmental scanning

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The __________ is an environment that contains a few players who do not directly compete against one another.

anti-competitive environment

monopoly environment

hypercompetition environment

oligopoly environment

dysfunctional environment

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Successful strategic management occurs when organisations formulate and implement strategies that:

fit with the organisation's vision and mission.

fulfil the organisation's social responsibility objectives.

enable employees to be productive.

enable the organisation to make a profit

achieve long-term, sustainable competitive advantage.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

__________ is the process of allocating resources and putting strategies into action.

Mission implementation

Action planning

Strategy implementation

Vision activation

Managerial budgeting

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Important strategic management tasks include all of the following EXCEPT :

identifying organisational mission and objectives.

assessing current performance in relation to mission and objectives.

creating strategic plans to accomplish mission and objectives, and implementing those plans.

evaluating the results, and changing strategic plans or implementation processes as necessary.

providing visionary and inspirational leadership.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

__________ direct activities towards key and specific performance results.

Corporate objectives

Official objectives

Strategic objectives

Operating objectives

Planning objectives

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