Strategic Planning
Test Questions
Course Introduction
Strategic Planning is a comprehensive course that explores the principles, processes, and tools involved in shaping an organizations long-term direction and competitive advantage. Students will learn to analyze internal and external environments, set visionary goals, formulate actionable strategies, and evaluate their effectiveness. The course emphasizes the integration of analytical frameworks, stakeholder analysis, and scenario planning, preparing students to lead and implement strategic initiatives in dynamic business environments. Through case studies, simulations, and practical projects, learners will develop critical thinking and decision-making skills essential for crafting and executing successful organizational strategies.
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Strategic Management Planning for Domestic Global Competition 14th Edition by John Pearce
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14 Chapters
1102 Verified Questions
1102 Flashcards
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Page 2
Chapter 1: Strategic Management
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86 Verified Questions
86 Flashcards
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Sample Questions
Q1) The general plan of major actions through which a firm intends to achieve is long-term objectives is called its:
A) Generic strategy
B) Long-term goal
C) Grand strategy
D) Mission
Answer: C
Q2) A flow of information through interrelated stages of analysis toward achievement of an aim is:
A) A process
B) A procedure
C) A policy
D) A system
Answer: A
Q3) Dividend policies are decided at the
A) Corporate level
B) Business level
C) Functional level
D) Operational level
Answer: A
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Chapter 2: Company Mission
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87 Verified Questions
87 Flashcards
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Sample Questions
Q1) When the survival goal is taken for granted,therefore neglected in strategic decision making,the firm's focus shifts to
A) Long run
B) Intermediate run
C) Direction-less activities
D) Short run
Answer: D
Q2) In a dynamic business environment,______ is essential.
A) Status quo
B) Compromising ethics in decision making
C) Proactive change
D) Adverse selection
Answer: C
Q3) _______ is often a single sentence,designed to be memorable.
A) Mission statement
B) Agency theory
C) Adverse selection
D) Vision statement
Answer: D
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Page 4
Chapter 3: Corporate Social Responsibility and Business Ethics
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83 Verified Questions
83 Flashcards
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Sample Questions
Q1) Which principle argues that employees must be expected to engage in cooperative activities according to the rules of the company,assuming that the company rules are deemed fair?
A) Distributive-justice
B) Difference
C) Fairness
D) Liberty
Answer: C
Q2) The Sarbanes-Oxley Act includes provisions restricting the corporate control of all of these EXCEPT
A) Attorneys
B) Customers
C) Executives
D) Accounting firms
Answer: B
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Page 5
Chapter 4: The External Environment
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83 Flashcards
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Sample Questions
Q1) Assets purchased at preinflation prices is an example of:
A) Product differentiation
B) Cost disadvantages independent of size
C) Capital requirements
D) Distribution
Q2) The learning curve effect is an example of which barrier to entry?
A) Cost disadvantages independent of size
B) Product differentiation
C) Economies of scale
D) Government policy
Q3) Political activity may have a significant impact on which of the following governmental functions?
A) Religious orientation
B) Customer function
C) Manufacturer function
D) Social changes
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Chapter 5: The Global Environment
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85 Verified Questions
85 Flashcards
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Sample Questions
Q1) Which of the following is NOT a geographic factor in choosing a foreign manufacturing site?
A) Efficiency of transport
B) Proximity of site to export markets
C) Availability of local raw materials
D) Availability of tariff protection
Q2) A ______ is one in which competition crosses national borders.
A) Stakeholder activism
B) Multidomestic industry
C) Polycentric environment
D) Global industry
Q3) Global personnel development and placement occurs in which orientation of a global firm?
A) Ethnocentric
B) Regiocentric
C) Geocentric
D) Polycentric
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Chapter 6: Internal Analysis
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77 Verified Questions
77 Flashcards
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Sample Questions
Q1) The cells on the bottom of the SWOT diagram are both characterized by:
A) Substantial internal strengths
B) Numerous environmental opportunities
C) Critical internal weaknesses
D) Major environmental threats
Q2) SWOT analysis is based on the assumption that an effective strategy derives from a sound "fit" between a firm's _________ and its ________.
A) strengths and opportunities; weaknesses and threats
B) strengths and weaknesses; opportunities and threats
C) strengths and threats; weaknesses and opportunities
D) strengths and opportunities; opportunities and threats
Q3) Critics of ______ warn that it is a one-time view of a changing,or moving,situation.
A) SWOT analysis
B) Core competency analysis
C) Distinctive competency analysis
D) Strategic analysis
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Chapter 7: Long-Term Objectives and Strategies
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85 Verified Questions
85 Flashcards
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Sample Questions
Q1) Which of the following is NOT a value discipline?
A) Operational excellence
B) Cost leadership
C) Customer intimacy
D) Product leadership
Q2) The type of strategy typically accomplished either by cost reduction and/or asset reduction is known as:
A) Market development
B) Innovation
C) Liquidation
D) Turnaround
Q3) Which of the grand strategies is typically lowest in risk?
A) Horizontal integration
B) Concentrated growth
C) Market development
D) Divestiture
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Chapter 8: Business Strategy
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84 Flashcards
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Sample Questions
Q1) Existence of an ability to add skilled personnel motivated and loyal workforce represent personnel capabilities at which stage of the industry evolution?
A) Maturity
B) Decline
C) Introduction
D) Growth
Q2) Quadrant II of the Grand Strategy Selection Matrix suggests which of these strategies when the basic idea underlying the matrix is the choice of an internal or external emphasis for growth or profitability?
A) Horizontal integration
B) Conglomerate diversification
C) Market development
D) Retrenchment
Q3) Industries in which competition crosses national borders are called a(n)__________ industry.
A) Emerging
B) Growth
C) Global
D) Fragmented
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Page 10
Chapter 9: Multibusiness Strategy
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90 Verified Questions
90 Flashcards
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Sample Questions
Q1) The Industry Attractiveness-Business Strength matrix has ____ cells,while the BCG matrix has ___ cells.
A) 6,4
B) 4,6
C) 9,4
D) 4,9
Q2) Which matrix makes fine distinctions among business portfolio positions with the inclusion of high/medium/low axes?
A) Industry strength matrix
B) Growth-share matrix
C) Strategic environments matrix
D) Industry attractiveness-business strength matrix
Q3) _______ are businesses whose high growth rate gives them considerable appeal,but whose low market share makes their profit potential uncertain.
A) Dogs
B) Stars
C) Question marks
D) Cash cows
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11
Chapter 10: Implementation
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88 Flashcards
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Sample Questions
Q1) Restricted stock plans offer:
A) Higher downside risk to executives
B) More limited downside risk to executives
C) No downside risk to executives
D) Limited upside risk to executives
Q2) Golden handcuffs:
A) Have no downside risk to executives, who always profits unlike other shareholders
B) Have a weak correlation between earnings measures and shareholder wealth creation
C) Make it hard to explain the dimensions of managerial performance using the movement in share price
D) May promote risk-averse decision making due to the downside risk borne by the executive
Q3) Business strategies provide _______ direction.
A) General
B) Focused
C) Generic
D) Narrow
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Chapter 11: Organizational Structure
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Sample Questions
Q1) _______ exist between different physical locations,countries or regions of the world and between cultures.
A) Vertical boundaries
B) Geographic boundaries
C) External interface boundaries
D) Horizontal boundaries
Q2) Most businesses in this country and around the world are:
A) Matrix organizations
B) Product-process organizations
C) Simple organizations
D) Strategic business units
Q3) __________ is used in a simple structure.
A) A formalized arrangement of tasks
B) A high level of empowerment
C) Hierarchical supervision including several management levels
D) Direct supervision
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13
Chapter 12: Leadership and Culture
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Sample Questions
Q1) __________ is to have a deep understanding of oneself,one's strengths and challenges.
A) Social empathy
B) Social awareness
C) Social skills
D) Self-awareness
Q2) Using a time of relative stability to remove organizational roadblocks to the desired culture is one broad theme in attempting to:
A) Manage around culture
B) Maximize synergy
C) Link to mission
D) Reformulate the strategy or culture
Q3) The research of Bartlett and Ghoshal suggests that the critical management functions:
A) Must be present in the organization, but not necessarily in all three levels of management
B) Is strictly the domain of top management?
C) Should be confined, typically, to the top two management levels
D) Need to be shared and distributed across three management levels
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Page 14
Chapter 13: Strategic Control
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27 Verified Questions
27 Flashcards
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Sample Questions
Q1) Which of the following is NOT one of the steps necessary for operational control systems to be effective?
A) Measure post-action performance
B) Set standards for performance
C) Initiate corrective action
D) Identify deviations from standards set
Q2) A(n)_____________ is the thorough and often rapid,reconsideration of the firm's strategy because of a sudden,unexpected event.
A) Special alert control
B) Implementation control
C) Milestone control
D) Premise control
Q3) ___________ is designed to check systematically and continuously whether the premises on which the strategy is based are still valid.
A) Strategic surveillance
B) Implementation control
C) Special alert control
D) Premise control
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15
Chapter 14: Innovation and Entrepreneurship
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Sample Questions
Q1) ____________ are also referred to as "crowdsourcing" or "open innovation."
A) Ideagoras
B) Disruptors
C) Sustainers
D) Golddiggers
Q2) The pressure for quarterly profits in many U.S.companies stifles innovative behavior.However,investment in intrapreneurial activity requires:
A) No hand-offs
B) Self-selection
C) Patient money
D) Corporate slack
Q3) _________ are available for a very select few new ventures that have usually gone through the other three sources of equity capital first.
A) Stock options
B) Public stock offerings
C) Venture capitalists
D) Friendly sources
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