Strama Quiz

A set of organizational goals that identifies the purpose of the organization, its basis of competition, and competitive advantage

• Mission

• Goals

• Strategy

• Vision

1.    __________ is the study of firm’s external and internal environments, and their fit with organizational vision and goals.

• Strategic Analysis

• Strategy formulation

• Strategy implementation

• Strategy intent

1.     A model that links three interdependent strategic management tasks

• CFI

• AFI

• BEI

• GFI

1.    One of the most commonly used businesses tool. primarily assesses your current position and the future endeavors.​

• CPM

• PESTLE

• SWOT

• FIVE PORTERS

1.    . A model focuses on a single growth decision. It assesses the viability of a specific product or service.

• Five Forces

• PESTLE

• SWOT

• CPM

1.    A tool or framework for marketers. You can use it if you are seeking to analyze and screen the external marketing environment of your company

• CPM

• PESTLE

• SWOT

• FIVE FORCES

1.    are decisions made by firms regarding investments, commitments, and other aspects of operation that create and sustain competitive advantage.

• Strategy formulation

• Strategy implementation

• Strategic analysis

• strategic intent

A firm that achieves superior performance relative to other competitors in the same industry or the industry average has a________

• Core competency

• Competitive advantage

• Operational activities

• Competitive parity

1.    consists of the analyses, decisions, and actions an organization undertakes in order to create and sustain competitive advantages.

• Strategic Management

• Strategic aanalyses

• Strategy formulation

• Operations management

1.       are the set of goal-directed actions a firm takes to gain and sustain superior performance relative to competitors.

• mission

• goals

• Strategy

• objectives