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Lecture

MGT CHAP9.doc


Department
Global Management Studies
Course Code
GMS 200
Professor
Masoomeh Moharrer

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Chapter 9: Strategic Management 1
Multiple Choice Questions
CHAPTER INTRODUCTION
145. Today’s highly competitive business environment places a premium on effective __________ and
__________ as prerequisites for organizational success.
A. Time management operations management.
B. Inventory control tactical management.
C. Strategy employee discipline.
D. Strategy strategic management.
E. Performance measurement strategic management.
D GT Ap
STRATEGIC COMPETITIVENESS (STUDY QUESTION 1)
146. When an organization has __________, it is operating with an attribute or combination of
attributes that allows it to outperform its competitors.
A. Competitive success.
B. Competitive effectiveness.
C. Competitive advantage.
D. Dominating competition.
E. Monopolistic behaviour.
C KT Fa

Only pages 1-3 are available for preview. Some parts have been intentionally blurred.

2Schermerhorn & Wright: Management
147. __________ is one that is difficult for competitors to imitate.
A. Superior performance capability.
B. Hypercompetitive success.
C. Sustainable competitive success.
D. Ongoing competitive effectiveness.
E. Sustainable competitive advantage.
E GT Fa
148. Which of the following statements is NOT accurate?
A. The ultimate goal of any organization is to simply achieve competitive advantage.
B. The ultimate goal of any organization is to achieve sustainable competitive advantage.
C. A sustainable competitive advantage is one that is difficult for competitors to imitate.
D. To gain sustainable competitive advantage, an organization must consistently deal with market
and environmental forces better than its competitors.
E. The task of achieving a sustainable competitive advantage can be challenging in any setting.
A GT Fa
What Is Strategy?
149. A comprehensive plan of action that identifies long-term direction for an organization and guides
resource utilization to accomplish an organization’s goals with sustainable competitive advantage
is known as the __________.
A. Operating philosophy.
B. Strategy.
C. Planning objectives.
D. Operating objectives.
E. Official objectives.
B KT Fa
150. __________ refers to an action focus that links an organization to its environment.
A. Objective setting.
B. Ecological management.
C. Problem-solving.
D. Strategy.
E. Decision making.
D GT Fa
151. __________ refers to an organization focusing its energies on a unifying and compelling target.
A. Strategic intent.
B. The operational plan.
C. The functional plan.
D. Strategic thinking.
E. Managing with sound objectives.
A KT Fa

Only pages 1-3 are available for preview. Some parts have been intentionally blurred.

Chapter 9: Strategic Management 3
152. A __________ is a plan for using resources consistent with __________.
A. Strategy strategic intent.
B. Vision strategic intent.
C. Budget transformational leadership.
D. Strategy transformational leadership.
E. Strategy visionary leadership.
A GT Fa
153. Customers and flexibility increasingly drive __________ in contemporary businesses.
A. Objective setting.
B. Communications.
C. Problem solving.
D. Strategy.
E. Decision making.
D GT Ap
Strategic Management
154. __________ refers to the process of formulating and implementing strategies to accomplish long-
term goals and sustain competitive advantage.
A. Strategic management.
B. Managerial planning.
C. Problem solving.
D. Portfolio planning.
E. Environmental scanning.
A KT Fa
155. The essence of __________ is looking ahead, understanding the environment and the organization,
effectively positioning the organization for competitive advantage in changing times, and then
achieving it..
A. Managerial planning.
B. Strategic management
C. Problem solving.
D. Portfolio planning.
E. Environmental scanning.
B GT Fa
Strategic Management Goals
156. According to Harvard scholar Michael Porter, the ultimate goal for any business should be
__________.
A. Maximum wealth creation.
B. Maximum market share.
C. Superior profitability.
D. Industry domination.
E. Total customer satisfaction.
C GT Fa
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