Management Practice & Strategic Management

Which one is the correct step of strategic management process?

• Identify mission & goals - Formulate Strategies - SWOT Analysis - Implement Strategies - Evaluate Results

• Identify mission & goals - Formulate Strategies - SWOT Analysis - Evaluate Results - Implement Strategies

• Identify mission & goals - SWOT Analysis - Formulate Strategies - Implement Strategies - Evaluate Results

• Formulate Strategies - Identify mission & goals - SWOT Analysis - Implement Strategies - Evaluate Results

• Formulate Strategies - SWOT Analysis - Identify mission & goals - Implement Strategies - Evaluate Results

The purpose of an organization is called as?

• Strategy

• Mission

• Planning

• Objective

Based on SWOT Analysis, which one is the External Analysis? (you can choose more than one answers)

• Strengths

• Weakness

• Opportunity

• Threat

• All the answer is correct

Based on SWOT Analysis, which one is the INTERNAL Analysis? (you can choose more than one answers)

• Strengths

• Weakness

• Opportunity

• Threat

• All the answer is correct

In SWOT analysis, any activities the organization does well or its unique resources is called as?

• Strengths

• Weakness

• Opportunity

• Threat

• All the answer is correct

In SWOT analysis, activities the organization does not do well or resources it needs but does not possess is called as?

• Strengths

• Weakness

• Opportunity

• Threat

• All the answer is correct

In formulating strategies, there area three main types of strategies managers will formulate. One of them is Corporate Strategy. What is corporate strategy?

• an organizational strategy that determines what businesses a company is in or wants to be in, and what it wants to do with those businesses

• an organizational strategy for how an organization will compete in its business unit

• a strategy used by an organization’s various functional departments to support the competitive strategy

In formulating strategies, there area three main types of strategies managers will formulate. One of them is Functional Strategy. What is functional strategy?

• an organizational strategy that determines what businesses a company is in or wants to be in, and what it wants to do with those businesses

• an organizational strategy for how an organization will compete in its business unit

• a strategy used by an organization’s various functional departments to support the competitive strategy

In formulating strategies, there area three main types of strategies managers will formulate. One of them is Competitive Strategy. What is competitive strategy?

• an organizational strategy that determines what businesses a company is in or wants to be in, and what it wants to do with those businesses

• an organizational strategy for how an organization will compete in its business unit

• a strategy used by an organization’s various functional departments to support the competitive strategy

A corporate strategy that’s used when an organization wants to expand the number of markets served or products offered, either through its current business(es) or through new business is called as?

• Renewal Strategy

• Stability Strategy

• Growth Strategy