MGT. 3830 Ch. 9

IFRS comprise approximately _______ pages

5,000

Controls need to be _______ oriented rather than ______ oriented

action, information

Most quantitative criteria are geared to ______ objectives rather than _______

annual, long term

- aims to balance long term with short term concerns, financial with non financial concerns with internal with external concerns?

balance scorecard

- term refers to need for strategists to examine sets of trends as wells as individual trends, in evaluating strategies

consonance

_________ plans can be defined as alternative plans that can be put into effect if certain key events do not occur as expected

contingency

Strategy evaluation activités should ideally be performed on a ________ basis

continous

According to Rumelt, the final broad test of strategy is ___________ a. consonance b. feasibility 3. consistency

feasibility

Cornerstone of effective strategy evaluation is adequate and timely _______

feedback

- occurs when the nature, types, and speed of changes overpower an individuals or organizations ability and capacity to adapt

future shock

Corrective actions are almost always ________

needed

- not a key attribute to fortune 500 Amount of ______ resources

physical

Competitive advantage is the result of superiority in skills, resources, and _______

position

- quantitative criteria commonly used to evaluate strategies are financial _______

ratios

Most strategy literature advocates that strategic management is more of a ______ than an ______

science, art