A) Second B) First C) Final D) Third
A) It replaces strategy formulation B) It helps organizations adapt to changes C) Strategies never change D) It reduces competition
A) A continuous process B) Done only at year-end C) Done every five years D) Done only by top management
A) SWOT and SPACE B) QSPM and CPM C) BCG and IE D) EFE and IFE
A) Are profits increasing? B) Are strengths and weaknesses still accurate? C) Are competitors reacting? D) Are strategies confidential?
A) Employees and managers B) Current plans and budgets C) Past and future strategies D) Expected results and actual results
A) Employee morale B) Product quality C) Customer satisfaction D) Market share
A) Sales growth B) Employee morale C) Return on investment D) Profit margin
A) Performance is significantly below expectations B) Strategies are popular C) Performance exceeds expectations D) Underlying factors remain stable
A) Eliminate all risks B) Replace management C) Realign operations with strategic objectives D) Increase bureaucracy
A) Michael Porter B) Alfred Chandler C) Peter Drucker D) Robert Kaplan and David Norton
A) Market-based only B) Financial only C) Internally focused D) Balanced across multiple perspectives
A) Learning and Growth B) Internal Business Process C) Financial D) Customer
A) Customer B) Learning and Growth C) Community D) Financial
A) Daily operations B) Financial auditing C) Marketing control D) Oversight and direction by the board
A) Managers B) Employees C) Customers D) Shareholders
A) Monitoring CEO performance B) Managing daily operations C) Creating marketing campaigns D) Hiring all employees
A) Keep the board small and efficient B) Encourage interlocking directorships C) Let the CEO always be chairperson D) Have more than 15 members
A) A blend of intuition and analysis B) Fully analytical C) Purely intuitive D) Based on guesswork
A) Long-term budgeting B) “What if?” scenarios C) Employee training D) Competitor analysis
A) Faster decision-making B) Employee motivation C) Accountability and compliance D) Higher market share
A) Thick documents B) People and dialogue C) Bureaucratic processes D) Strict routines
A) Strengthen “Good ethics is good business” B) Keep strategies secret C) Pursue many strategies D) Avoid bad news
A) Shows only financial data B) Looks technical C) Provides continuous feedback for adjustment D) Works only at the end |