SM-C7-StrategyMonitoring

Which of the following is NOT one of the three basic activities of strategy evaluation?

• Examine underlying bases of strategy
• Compare expected vs actual results
• Take corrective actions
• Develop mission statement

Adequate and timely ______ is the cornerstone of effective strategy evaluation.

• Innovation
• Feedback
• Consistency
• Flexibility

Which company is showcased as exemplary in continual strategy evaluation?

• Nestlé
• BHP Billiton
• Amazon
• Google

Why is strategy evaluation important?

• Because environments are dynamic
• Because strategies never fail
• Because evaluation is optional
• Because plans are permanent

Which of these is NOT a criterion for evaluating a strategy according to Rumelt?

• Consistency
• Consonance
• Feasibility
• Profitability

Rumelt’s criterion 'Consonance' focuses on:

• Internal conflict resolution
• Matching external trends
• Financial feasibility
• Human resources

'Consistency' as a criterion checks for:

• Conflict among goals and policies
• Cash flow problems
• External trend analysis
• Employee turnover

Which criterion ensures that a strategy does not overtax resources?

• Feasibility
• Consonance
• Consistency
• Advantage

Which criterion is linked to sustaining competitive advantage?

• Consistency
• Feasibility
• Advantage
• Consonance

A positional advantage is considered:

• Easily replicable
• Self-sustaining
• Unnecessary
• Temporary