BUS 6611 CH 1-2

request modifications, additions, and deletions.

After a draft mission statement has been developed, it is important to

using plans as a standard for measuring performance.

All of these are pitfalls an organization should avoid in strategic planning EXCEPT

cannot be

All stakeholders' claims on an organization ________ pursued with equal emphasis.

Formulation

During what stage of strategic management is a firm's specific internal strengths and weaknesses determined?

Implementation

In which phase of strategic management are annual objectives especially important?

organizational behavior

Strategic management focuses on integrating functional areas to achieve organizational success. Which of the following is NOT one of the functional areas that is the focus of strategic management?

on the battlefield.

Terms such as objectives, mission, strengths, and weaknesses were first formulated to address problems

one sentence.

The ideal length of a vision statement is

an annual financial plan.

The purpose of a mission statement is to declare all of these EXCEPT

Developing vision and mission statements

What is the first step in the comprehensive strategic-management model?

What are the basic beliefs, values, aspirations, and ethical priorities of the firm?

What question is asked in conjunction with the philosophy component of a mission statement?

Interpersonal

What types of skills are especially critical for successful strategy implementation?

Mission

When an effective process is followed, developing a ________ statement can create an "emotional bond" among employees and customers.

Universities

Which group would NOT be classified as stakeholders?

We are committed to leapfrogging ongoing competition within 1,000 days by unleashing the constructive and creative abilities and energies of each of our employees.

Which of the following illustrates the self-concept component of a mission statement?

Vision statements should indicate the expected amounts of profits the firm wants to make.

Which of the following is NOT true of vision statements?

Developing a vision statement

Which of the following is often considered to be the first step in strategic planning?

Strategy implementation

Which phase of strategic management is most strongly associated with "action"?

It should be coupled with analysis in decision making

Which statement best describes intuition?

Taking corrective actions

________ is NOT a strategy-implementation activity.