Strategic Management Worksheet

Strategic Management Worksheet

University

50 Qs

quiz-placeholder

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Strategic Management Worksheet

Strategic Management Worksheet

Assessment

Quiz

Other

University

Hard

Created by

Shingirayi Mushonga

FREE Resource

50 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is strategic competitiveness?

Making short-term profits

Formulating quick business plans

Achieving success when a firm develops and implements a value-creating strategy

Setting annual sales targets

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The ability to achieve competitive advantage is based on:

Lucky market conditions

Effective use of resources and capabilities

Government subsidies

High employee turnover

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT part of the strategic management process?

Strategy analysis

Strategy formulation

Strategy implementation

Daily operations

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Globalization primarily affects:

Local demand

Regional economies only

Flow of goods, services, and knowledge

Hiring local workers only

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an intangible resource?

Patents

Land

Machinery

Raw materials

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The I/O model of above-average returns focuses on:

Internal resources only

External environment

Leadership styles

Employee satisfaction

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The Resource-Based Model suggests:

Industry structure is more important than resources

Resources and capabilities are central to strategic success

External factors solely determine profitability

Strategic groups lead market decisions

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