Strategic Management Test Bank

Exam
Name___________________________________

TRUE/FALSE. Write 'T' if the statement is true and 'F' if the statement is false.
1) Effective strategy formulation can usually guarantee successful strategy implementation.
Answer:

True

False

2) Strategy formulation is the managing of forces during the action, whereas strategy implementation is the positioning of forces before the action.
Answer:

True

True

True

True

True

True

True

True

True

9)

False

10) Policies refer to specific guidelines, methods, procedures, rules, forms, and administrative practices established to support and encourage work toward stated goals.
Answer:

8)

False

9) Undesirable conduct such as distorting the record can be a result of overemphasis on achieving objectives. Answer:

7)

False

8) Horizontal consistency is more important than vertical consistency in developing annual objectives.
Answer:

6)

False

7) Annual objectives are key components in the strategic-management process because they dictate how resources will be allocated.
Answer:

5)

False

6) A bottom-up flow of communication is essential for developing top-down support.
Answer:

4)

False

5) Unlike strategy formulation, strategy implementation varies considerably among different types and sizes of organizations.
Answer:

3)

False

4) It is always easier to say you are going to do something (strategy formulation) than to actually do it
(strategy implementation).
Answer:

2)

False

3) Strategy formulation requires coordination among a few individuals, but strategy implementation requires coordination among many.
Answer:

1)

False
1

10)

11) Strategies clarify what can and cannot be done in pursuit of an organization's objectives.
Answer:

True

False

12) Not allocating resources according to the priorities indicated by approved objectives is detrimental to the strategic-management process.
Answer:

True

True

True

True

15)

False

16) Concerning managing and resolving conflict, defusion includes such