Strategic Management Theory & Cases: An Integrated Approach 13th Edition by Charles test bank

 
c. 
analyzing the macroenvironment.

 
d. 
determining the firm's employee turnover rate.

 
e. 
deciding on a fit between the organization's strengths and weaknesses and the environment's opportunities and threats.

 
ANSWER:  
a


 
44. Strategy formulation refers to:
 
a. 
executing corporate- and business-level plans.

 
b. 
putting strategies into action.

 
c. 
designing organizational structures and control systems.

 
d. 
implementing emergent strategies.

 
e. 
analyzing an organization's external and internal environments and then selecting appropriate strategies.

 
ANSWER:  
e


 
45. Which of the following identifies the difference between a mission and a vision statement?
 
a. 
A mission statement describes where the company wants to be in the community while a vision statement declares the purpose the company serves to its’ customer.

 
b. 
A mission statement describes the “what”, “who” and “why” while the vision statement describes the “where”.

 
c. 
A mission statement expresses the aspirations upon achievement of goals while a vision statement expresses functions and objectives.

 
d. 
A mission statement illustrates results while a vision statement illustrates actions.

 
e. 
A mission statement and a vision statement are interchangeable.

 
ANSWER:  
b


 
46. Beta Corp., a gaming software company, recently launched a new game. The target audience identified by the company was the age group of 12–18 years. The advertising and marketing strategies were designed exclusively to target this age group. However, sales data revealed individuals who belong to the age bracket 18–25 years were the ones who bought the game. The managers at Beta Corp. decided to redesign their marketing strategies to position the game as a product that people of all ages would enjoy. The company's decision to modify its product positioning demonstrates which of the following strategies? 
 
a. 
downsizing

 
b. 
emergent 

 
c. 
deliberate

 
d. 
concurrency control

 
e. 
unrealized 

 
ANSWER:  
b


 
47. Which of the following is NOT a characteristic of well-constructed goals?
 
a. 
They are precise and measurable.

 
b. 
They are lengthy and wordy.

 
c. 
They specify a time period in which the goals should be achieved.

 
d. 
They are challenging but realistic.

 
e. 
They address crucial issues.

 
ANSWER:  
b


 
48. Which of the following statements about emergent strategies is true?
 
a. 
They are essentially the strategies that arise from feedback loops.

 
b. 
An organization's capability to produce emergent strategies is a function of the kind of corporate culture that the organization’s structure and control systems foster.

 
c. 
They are the strategies that require the least amount of evaluation and strategic thinking from the managers.

 
d. 
They cannot be combined with the intended strategies of an organization.

 
e. 
They are the product of formal top-down planning mechanisms.

 
ANSWER:  
b


 
49. A company, at its inception, states that its goal is “to provide the best customer service possible.” Which of the following best describes this objective?
 
a. 
It is the company’s emergent strategy.

 
b. 
It is the company’s corporate structure.

 
c. 
It is the company’s HR strategy.

 
d. 
It is the company’s mission statement.

 
e. 
It is the company’s damage control plan.

 
ANSWER:  
d


 
50. A component of strategy implementation is:
 
a.