Test Bank For Strategic Management Theory & Cases An Integrated Approach, 14th Edition Charles W. L. Hill, Melissa A. Schilling Chapter 1-12 Chapter 01 - Strategic Leadership: Managing the Strategy-Making Process for Competitive Advantage True / False 1. Determining the technological and legal factors surrounding a company’s possible international expansion into India is an example of an internal analysis. a. True b. False ANSWER: False POINTS: 1 DIFFICULTY: Moderate REFERENCES: 1-5 The Strategic Planning Process QUESTION TYPE: True / False HAS VARIABLES: False LEARNING OBJECTIVES: SM.HILL.24.01.05 - Identify the primary steps in a strategic planning process. NATIONAL STANDARDS: United States - BUS PROG: Reflective Thinking KEYWORDS: Bloom's: Apply DATE CREATED: 4/19/2023 4:45 PM DATE MODIFIED: 4/21/2023 11:36 AM 2. A customer comment on an online forum about changing a company’s product placement in stores stimulates a change in an existing business plan, which results in increased profits and positive outcomes and is an example of serendipity. a. True b. False ANSWER: True POINTS: 1 DIFFICULTY: Moderate REFERENCES: 1-6 Strategy as an Emergent Process QUESTION TYPE: True / False HAS VARIABLES: False LEARNING OBJECTIVES: SM.HILL.24.01.06 - Examine the criticisms of strategic planning. NATIONAL STANDARDS: United States - BUSPROG: Analytic | Technology - BUSPROG: Analytic KEYWORDS: Bloom's: Apply DATE CREATED: 4/19/2023 4:45 PM DATE MODIFIED: 4/21/2023 11:36 AM 3. Using customer surveys, focus groups, and field research to drive business decisions is an example of the ivory tower concept of planning. a. True b. False ANSWER: False Copyright Cengage Learning. Powered by Cognero.
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