Midterm Online Chapter Test

1.       Is developing detailed business strategies, putting them into practice, and analyze the outcomes of a company’s long-term goals.

• Strategic Objectives

• Strategic Planning

• Strategic Management  

• none of the above

Assists in creating a strategic vision, establishing goals, establishing direction, and creating and implementing strategies that align with the organization’s goal.

• Strategic Management

• Strategic Planning

• Strategic Objectives

• none of the above

Refer to the specific performance targets the business wants to accomplish.

 

• Strategic Planning

• Strategic Management   

• Strategic Objective

• none of the above

This strategic planning model usually consists of creating a mission statement detailing the enterprise’s existence.

• Goal-based Strategic Planning Model 

• Basic Strategic Planning Model 

• . Scenario Strategic Planning Model

• none of the above

This makes use of a PESTEL analysis and can be used by an enterprise that wants to beef up and prepare for different scenarios, such as changes in the economy, trends in society, new laws, and other external forces that can alter how it does business.

• Alignment Strategic Planning Model

• Goal-based Strategic Planning  Model   

• Scenario Strategic Planning Model

• none of the above

Is designed for more established businesses and enterprises. This entails using a SWOT analysis.

• Goal-based Strategic Planning Model  

• Scenario Strategic Planning Model

• Organic Strategic Planning Model

• Real-time Strategic Planning  Model

This often uses a technique known as storyboarding to let participants create their ideas before

             Sharing them with a larger group.

• Organic Strategic Planning Model

• Scenario Strategic Planning Model

• Inspirational Strategic Planning  Mode

• Real-time Strategic Planning Model

This approach of strategic decision-making systematically gathers appropriate information for

               Situation analysis generates feasible alternative strategies and rationally selects the  most

                appropriate strategy.

 

• Adaptive mod

• Entrepreneurial mode

• Planning mode   

• none of the abovve

This mode focuses on opportunities and growth, not business problems. This is guided by the

               founder’s vision of direction and is exemplified by significant, bold decisions.

• Entrepreneurial mode     

• Adaptive mode

• Planning mode

• none of the above

This mode lacks clarity and consensus on strategic goals and is only appropriate for dealing with

               Complex and changing environment.

• Adaptive mode

• . Entrepreneurial mode    

• Planning mode

• none of the above