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