Strategic Management

A strategy is

• same as a plan

• a process of mapping out objectives & methods of achieve those objectives

• is above the organizational goals

• all of these

FedEx closing retail stores means the company is down-sizing.

• True

• False

Realized strategy is the implemented plan of action and includes

• some parts of the intented as well as emergent strategy

• some bits of the discarded strategy

• Both the above

• None of the above

Strategic planning is a simplistic, linear process

• True

• False

Business Strategies

• are company-wide and focus on the overall strategy of the company

• identify how a business unit will compete in products & services

• guide activities within one specific functional area of operation

• All of the above

Growth strategies entail

• Mergers & Acquisitions

• Expanding in terms of product/services

• Expanding the client base

• All the above

Cash Cows in Boston Consulting Group (BCG) Matrix signify a lucrative product/service with a high market share

• True

• False