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5 Written questions

5 Matching questions

  1. Strategic plan
  2. Barriers to Good Decisions
  3. Why are most SWOT Analyses not valid?
  4. Concentric diversification
  5. Psychological Biases
  1. a A set of procedures for making decisions about long term goals and strategies.
  2. b Psychological Biases
    Time pressures
    Social Realities
  3. c corporate strategy moving into new businesses that relate to the original core business.
  4. d a. Illusion of Control = over-confidence
    b. framing effects - painting a pretty picture
    c. discounting the future - focusing only on short term
  5. e They don't segment the data and they are too generalized.

5 Multiple choice questions

  1. • Psychological Biases
    • Time Pressures:
    • Social Realities
  2. 1. Analyze the situation
    2. Alternative goals and plans
    3. Goal and plan evaluation
    4. Goal and plan selection
    5. Implementation
    6. Monitor and Control Performance
  3. Top-level managers: Strategic planning
    Middle-level managers: Tactical planning
    Lower-level managers: Operational planning . Internal Alignment is crucial here
  4. Internal resource analysis
    Financial analysis
    Human resources assessment
    Marketing audit
    Operations analysis
    Other internal resource analyses
  5. S- Strengths

    W- Weaknesses

    O- Opportunities

    T- Threats

5 True/False questions

  1. What are Stakeholders?S- Specific : precise, describe details
    M- Measurable : objective, 3 mos., 6 mos. 1 yr
    A- Attainable : achievable
    R- Relevant : contribute to the organization's goals
    T- Time-bound : Specify a target date for completion

          

  2. External Threats and OpportunitiesInternal resource analysis
    Financial analysis
    Human resources assessment
    Marketing audit
    Operations analysis
    Other internal resource analyses

          

  3. BenchmarkingHigh Growth, Weak Competitive position: Question marks

    High Growth, Strong Competitive position: Stars

    Low Growth, Weak Competitive position: Dogs

    Low Growth, Strong Competitive position: Cash Cows

          

  4. Low Cost Strategya strategy an organization uses to build competitive advantage by being efficient and offering a standard, no-frills product. (Walmart)

          

  5. Vertical integrationcorporate strategy of a single business in a single industry

          

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