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1、201Chapter 8 Strategic ManagementTRUE/FALSE QUESTIONSTHE IMPORTANCE OF STRATEGIC MANAGEMENT1. Strategic management is the set of managerial decisions and actions that determines the short-term performance of an organization. (False)THE STRATEGIC MANAGEMENT PROCESS2. The first step in the strategic m
2、anagement process is analyzing the external environment. (False)3. Within an industry, an environment can present opportunities to one organization and pose threats to another. (True)4. Evaluating an organizations intangible assets is part of doing an internal analysis in the strategic management pr
3、ocess. (True)5. Activities that an organization does well or resources that it has available are called capabilities. (False)6. Exceptional or unique organizational resources are known as core capabilities. (False P165)7. The final step in the strategic management process is implementing the objecti
4、ves. (False)TYPES OF ORGANIZATIONAL STRATEGIES8. Corporate-level strategies are developed for organizations that run more than one type of business. (True; moderate; p. 167)9. One method of implementing a growth strategy is to increase production capacity. (True)10. A trucking company that grows by
5、purchasing a chain of gasoline stations is engaged in horizontal integration. (False)11. Diversification is an example of a corporate retrenchment strategy.202(False)12. A stability strategy is developed when management decides it will remain profitable by maintaining the status quo in a rapidly cha
6、nging external environment. (False)13. A retrenchment strategy is a renewal strategy designed to address organizational weaknesses that are leading to performance declines. (Truep169)14. Turnaround is one type of renewal strategy. (True)15. Stars, one of the four business groups in the corporate por
7、tfolio mix, are characterized by low growth and low market share. (False)16. According to Porters competitive strategies framework, the cost leadership strategy would result in the best quality product at a justifiable cost. (False)17. According to Porters competitive strategies framework, a company
8、 using a focus strategy seeks to be unique in its product offering and in its industry in ways that are widely valued by customers. (True)STRATEGIC MANAGEMENT IN TODAYS ENVIRONMENT18. Managers in all kinds of organizations face increasingly intense global competition and high performance expectation
9、s by investors and customers. (True)19. When managers “manage strategically” by following the strategic management process, the chosen strategies will always lead to positive outcomes. (False)20. The key for managers is responding quickly when it is obvious that the strategy isnt working. (True)21.
10、Since information technology is so readily accessible, it cannot contribute to sustainable competitive advantage. (False)22. An important innovation strategy involves communication. (False)203MULTIPLE-CHOICE QUESTIONS For each of the following choose the answer that most completely answers the quest
11、ion.THE IMPORTANCE OF STRATEGIC MANAGEMENT23. _ is the collection of managerial decisions and actions that determine the long- run performance of an organization. a.Planning b. Goal-oriented management c.Strategic management d. Leadership (c)24. Studies of the factors that contribute to organization
12、al performance have shown _ relationship between strategic planning and performance. a.no b. a mixed c.a negative d. a positive (d)THE STRATEGIC MANAGEMENT PROCESS25. What provides clues to what an organization sees as its purpose? a.the organizations goals b. the organizations strategies c.the orga
13、nizations business model d. the organizations mission (d)26. In analyzing the environment, managers should know _. a.the competitions stock price b. pending legislation that might affect the organization c.the organizations purpose d. the goals currently in place and the strategies currently being u
14、sed (b,p165)27. When an organization is analyzing its labor supply, it is studying its _. a.organizational culture b. internal environment c.external environment d. organizational structure (c)20428. _ and _ are outcomes from a study of the external environment. a.Threats; weaknesses b. Strengths; w
15、eaknesses c.Weights; measures d. Opportunities; threats (d)29. What are an organizations financial, physical, human, and intangible assets that are used to develop, manufacture, and deliver products or services to its customers? a.its resources b. its capabilities c.its opportunities d. its core com
16、petencies (a)30. If a bank estimates the capabilities of its training and development department employees prior to implementing a new training program designed to change their method of providing customer service, it is completing what step in the strategic management process? a.doing an external analysis b. identifying the organizations current mission, goals, and strategies c.doing an i
