Strategic Management & Business Policy
y
Strategic Management & Business Policy, 12e (Wheelen/Hunger)
Chapter 1 Basic Concepts in Strategic Management
1) Strategic management is one decision that determines the short-term performance of a corporation.
Answer: FALSE
Diff: 1 Page Ref: 5
Topic: The Study of Strategic Management
2) In the externally oriented planning phase, plans are developed by heavily involving the input of managers from lower levels.
Answer: FALSE
Diff: 2 Page Ref: 5
Topic: The Study of Strategic Management
3) General Electric led the transition from strategic planning to strategic management during the 1980s.
Answer: TRUE
Diff: 1 Page Ref: 6
Topic: The Study of Strategic Management
4) One of the benefits of strategic management is a clearer sense of vision for the firm.
Answer: TRUE
Diff: 2 Page Ref: 6
Topic: The Study of Strategic Management
5) To be effective, strategic management must be a formal process.
Answer: FALSE
Diff: 3 Page Ref: 7
Topic: The Study of Strategic Management
6) Globalization is the internationalization of markets and corporations.
Answer: TRUE
Diff: 1 Page Ref: 8
Topic: Globalization and Environmental Sustainability: Challenges to Strategic Management
7) As more industries become global, strategic management is becoming less important in positioning a company for long-term competitive advantage.
Answer: FALSE
Diff: 2 Page Ref: 8
Topic: Globalization and Environmental Sustainability: Challenges to Strategic Management
8) Environmental sustainability reflects business practices to reduce a firm's impact on the physical environment.
Answer: TRUE
Diff: 2 Page Ref: 8
Topic: Globalization and Environmental Sustainability: Challenges to Strategic Management
AACSB: Ethical Reasoning
9) One member of the European Union (EU) is Chile.
Answer: FALSE
Diff: 2 Page Ref: 9
Topic: Globalization and Environmental Sustainability: Challenges to Strategic Management
10) The goal of NAFTA is complete
Strategic Management & Business Policy, 12e (Wheelen/Hunger)
Chapter 1 Basic Concepts in Strategic Management
1) Strategic management is one decision that determines the short-term performance of a corporation.
Answer: FALSE
Diff: 1 Page Ref: 5
Topic: The Study of Strategic Management
2) In the externally oriented planning phase, plans are developed by heavily involving the input of managers from lower levels.
Answer: FALSE
Diff: 2 Page Ref: 5
Topic: The Study of Strategic Management
3) General Electric led the transition from strategic planning to strategic management during the 1980s.
Answer: TRUE
Diff: 1 Page Ref: 6
Topic: The Study of Strategic Management
4) One of the benefits of strategic management is a clearer sense of vision for the firm.
Answer: TRUE
Diff: 2 Page Ref: 6
Topic: The Study of Strategic Management
5) To be effective, strategic management must be a formal process.
Answer: FALSE
Diff: 3 Page Ref: 7
Topic: The Study of Strategic Management
6) Globalization is the internationalization of markets and corporations.
Answer: TRUE
Diff: 1 Page Ref: 8
Topic: Globalization and Environmental Sustainability: Challenges to Strategic Management
7) As more industries become global, strategic management is becoming less important in positioning a company for long-term competitive advantage.
Answer: FALSE
Diff: 2 Page Ref: 8
Topic: Globalization and Environmental Sustainability: Challenges to Strategic Management
8) Environmental sustainability reflects business practices to reduce a firm's impact on the physical environment.
Answer: TRUE
Diff: 2 Page Ref: 8
Topic: Globalization and Environmental Sustainability: Challenges to Strategic Management
AACSB: Ethical Reasoning
9) One member of the European Union (EU) is Chile.
Answer: FALSE
Diff: 2 Page Ref: 9
Topic: Globalization and Environmental Sustainability: Challenges to Strategic Management
10) The goal of NAFTA is complete