Strategy Management for Enterprise Final Exam

Strategic management consists of the analysis, decisions, and actions an organization undertakes in order to create and sustain competitive advantages

• True

• False    

Strategic management includes strategy analysis, strategy formulation, and strategy implementation.

• True

• False

According to the text, formulating strategy includes taking into consideration strategy at the business, international, digital, and corporate levels.

• True

• False

Shareholders in a company are the only individuals with an interest in the financial performance in the company.。

• True               

• False

Objectives in organizations should be clear, stated, and known by employees throughout the organization.

• True

• False

Strategic management should only include short-term objectives. Long-term objectives are covered in the organization's vision statement.

• True

• False

Organizational goals and objectives should be vague in order to allow for changes in strategy.

• True

• False

Organizational vision statements are the beginning point for the hierarchy of goals throughout the organization. An organization's vision statement should be massively inspiring, overarching, and long-term.

• True

• False

Although vision statements vary from organization to organization, vision statements are intended to motivate and inspire employees to work toward a general goal.

• True

• False

Shareholders in a company are the only individuals with an interest in the financial performance in the company.。

• True

• False