QTH U5

The first three steps of the strategic management process involve ________ strategies.

• planning

• implementing

• evaluating

• identifying

An external analysis will identify the threats to a company's well-being, but not opportunities for success.

• TRUE

• FALSE

SWOT analysis combines ________.

• a company's mission with its goals

• external and internal analyses phân tích bên ngoài bên trong

• a company's philosophy with its ethics

• profit with productivity

An internal analysis, the third step of the strategic management process, helps identify ________.

• opportunities and threats

• resources and capabilities

• opportunities and possibilities

• values and philosophy

The four reasons that organizations plan is to provide direction, set standards, minimize waste, and reduce uncertainty and the impact of change.

• TRUE

• FALSE

SWOT analysis includes the identification of an organization's strengths, weaknesses, opportunities, and threats.

• TRUE

• FALSE

An external analysis, the second step of the strategic management process, helps identify ________.

• the products that a company makes

• the long-term goals for a company

• a company's opportunities and threats

• a company's concern for its employees

Core competencies include an organization's major capabilities and its resources.

• TRUE

• FALSE

A key function of planning is to create goals.

• TRUE

• FALSE

Which term refers to an organization's capital, workers, and patents?

• resources

• capabilities

• abilities

• core competencies