Business. Ch5

A company with a stability strategy will plan to dramatically increase market share in a highly competitive market

False

An external analysis will identify the threats to a company's well-being, but not opportunities for success.

False

A corporate strategy may be a growth strategy, a stability strategy, or a renewal strategy

True

SWOT analysis includes the identification of an organization's strengths, weaknesses, opportunities, and threats

True

SWOT analysis combines ________.

external and internal analyses

The first step in the six-step strategic management process is to ________.

identify the organization's mission

Which term refers to an organization's capital, workers, and patents?

resources

Innovation and super-high quality are typically the keys to a cost-leadership strategy

False

The first step in the strategic management process is analyzing the external environment.

False

An internal analysis, the third step of the strategic management process helps identify ________.

resources and capabilities

An organization's capabilities identify ________.

what the organization can do

An organization's resources identify ________.

what the organization has