Strategic Management - Study Mode

[#236] Which of the following is a consideration when assessing the feasibility of a strategy?
Correct Answer

(A) Timing

Explanation

Solution: Timing is a consideration when assessing the feasibility of a strategy. Feasibility is concerned with the resources required to implement the strategy are available, can be developed or obtained.

[#237] Situation analysis allows the organization to examine:
Correct Answer

(D) both external and internal factors

Explanation

Solution: Situation analysis allows the organization to examine both external and internal factors. Situation analysis is defined as an analysis of the internal and external factors of a business. It clearly identifies a business's capabilities, customers, potential customers and business environment, and their impact on the company.

[#238] Which of the following is an issue considered in developing corporate strategies?
Correct Answer

(D) What businesses are we in and what to do with those businesses?

Explanation

Solution: What businesses are we in and what to do with those businesses? is an issue considered in developing corporate strategies?

[#239] Which of the following is NOT a major element of the strategic management process?
Correct Answer

(D) Assigning administrative tasks

Explanation

Solution: Assigning administrative tasks is NOT a major element of the strategic management process. The process of strategic management includes goal setting, analysis, strategy formation, strategy implementation, and strategy monitoring.

[#240] Which of the following statements is NOT true regarding corporate strategies?
Correct Answer

(B) They are concerned with how the organization is going to compete in a specific business or industry

Explanation

Solution: They are concerned with how the organization is going to compete in a specific business or industry is not true regarding corporate strategies.