Strategic Management - Study Mode

[#246] ______ takes place in the recovery phase of strategic conflict management
Correct Answer

(B) Reputation management

Explanation

Solution: Reputation management takes place in the recovery phase of strategic conflict management. Reputation management (sometimes referred to as rep management, online reputation management or ORM) is the practice of attempting to shape public perception of a person or organization by influencing online information about that entity.

[#247] Which of the following elements of strategy affect the process of strategy creation and implementation?
Correct Answer

(D) Strategic paradoxes

Explanation

Solution: Strategic paradoxes elements of strategy affect the process of strategy creation and implementation. The strategy paradox is a consequence of the conflict between commitment and uncertainty, i.e., strategic uncertainty. Commitments are what allow an organization to create and capture value. Uncertainty creates risk and opportunity

[#248] Miles and Snow (1994) identify four main reasons for failure. Which of the following is one of those reasons?
Correct Answer

(D) Poor judgement leading to poor, inappropriate strategic decisions

Explanation

Solution: Miles and Snow (1994) identify four main reasons for failure. Poor judgement leading to poor, inappropriate strategic decisions is one of those reasons. Miles and Snow suggest that business level strategies generally fall into one of four categories: prospector, defender, analyzer, and reactor.

[#249] How does Checkland (1981) describe an organization?
Correct Answer

(B) Systems that comprise a collection of people who are trying to act with purpose

Explanation

Solution: Checkland (1981) describe an organization as Systems that comprise a collection of people who are trying to act with purpose.

[#250] How might an organization spot, create, and exploit new opportunities ahead of its rivals?
Correct Answer

(A) Through managers in the various businesses working together, sharing information and capabilities, helping each other, and creating synergy

Explanation

Solution: Through managers in the various businesses working together, sharing information and capabilities, helping each other, and creating synergy an organization spot, create, and exploit new opportunities ahead of its rivals.