Strategic Management in Action
Strategic Management in Action, 6e (Coulter)
Chapter 1 Introducing the Concepts
1) Companies that use strategic management tend to have higher levels of performance.
Answer: TRUE
Diff: 2 Page Ref: 2
Topic: Explain Why Strategic Management Is Important
AACSB: Reflective Thinking
Objective: Define strategic management and identify its basic components
2) Strategy should be developed from a number of approaches rather than a single approach.
Answer: TRUE
Diff: 2 Page Ref: 3
Topic: Explain Why Strategic Management Is Important
AACSB: Reflective Thinking
Objective: Define strategic management and identify its basic components
3) An organization's simple action can be considered a strategy.
Answer: FALSE
Diff: 2 Page Ref: 5
Topic: Explain What Strategic Management Is
AACSB: Analytical Skills
Objective: Define strategic management and identify its basic components
4) Strategy involves only the examination of an organization's goals.
Answer: FALSE
Diff: 2 Page Ref: 5
Topic: Explain What Strategic Management Is
AACSB: Analytical Skills
Objective: Define strategic management and identify its basic components
5) An organization's strategy is its goal-directed decisions and actions in which its capabilities and resources are matched with the opportunities and threats in its environment.
Answer: TRUE
Diff: 2 Page Ref: 5
Topic: Explain What Strategic Management Is
AACSB: Analytical Skills
Objective: Define strategic management and identify its basic components
6) A situation analysis is the first step in the sequential strategic management process.
Answer: TRUE
Diff: 1 Page Ref: 6
Topic: Explain What Strategic Management Is
AACSB: Analytical Skills
Objective: Define strategic management and identify its basic components
7) Functional strategies are the goal-directed plans and actions of the organization's various functional departments.
Answer: FALSE
Diff: 1 Page Ref: 7
Chapter 1 Introducing the Concepts
1) Companies that use strategic management tend to have higher levels of performance.
Answer: TRUE
Diff: 2 Page Ref: 2
Topic: Explain Why Strategic Management Is Important
AACSB: Reflective Thinking
Objective: Define strategic management and identify its basic components
2) Strategy should be developed from a number of approaches rather than a single approach.
Answer: TRUE
Diff: 2 Page Ref: 3
Topic: Explain Why Strategic Management Is Important
AACSB: Reflective Thinking
Objective: Define strategic management and identify its basic components
3) An organization's simple action can be considered a strategy.
Answer: FALSE
Diff: 2 Page Ref: 5
Topic: Explain What Strategic Management Is
AACSB: Analytical Skills
Objective: Define strategic management and identify its basic components
4) Strategy involves only the examination of an organization's goals.
Answer: FALSE
Diff: 2 Page Ref: 5
Topic: Explain What Strategic Management Is
AACSB: Analytical Skills
Objective: Define strategic management and identify its basic components
5) An organization's strategy is its goal-directed decisions and actions in which its capabilities and resources are matched with the opportunities and threats in its environment.
Answer: TRUE
Diff: 2 Page Ref: 5
Topic: Explain What Strategic Management Is
AACSB: Analytical Skills
Objective: Define strategic management and identify its basic components
6) A situation analysis is the first step in the sequential strategic management process.
Answer: TRUE
Diff: 1 Page Ref: 6
Topic: Explain What Strategic Management Is
AACSB: Analytical Skills
Objective: Define strategic management and identify its basic components
7) Functional strategies are the goal-directed plans and actions of the organization's various functional departments.
Answer: FALSE
Diff: 1 Page Ref: 7