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MGT 498 Final Exam




Question;1) In a survey of;50 corporations, which of the following was rated as a benefit of strategic;management?;2) Research suggests that strategic;management evolves through four sequential phases in corporations. The first;phase is;3) Strategic management is that set of;managerial decisions and actions that determine the long-run performance of a;corporation. Which one of the following is NOT one of the basic elements of;the strategic management process?;4) The relationship among the board of;directors, top management, and shareholders is referred to as;5) The concept that proposes private;corporations have responsibilities to society that extend beyond making a;profit is known as;6) Who said that the social;responsibility of business is a "fundamentally subversive doctrine;and that the one social responsibility of business is "to use its;resources and engage in activities designed to increase its profits so long as;it stays with the rules of the game..."?;7) Which of the following is NOT;descriptive of external environmental scanning?;8) According to Porter, the corporation;is most concerned with;9) When a company determines a;competency's competitive advantage, Barney refers to this issue as;10) An acronym for the assessment of the;external and internal environments of the business corporation in the process;of strategy formulation/strategic planning is;11) In the development of a SFAS matrix;the first step is to;12) The technique that illustrates how;management can match the external opportunities and threats with its;strengths and weaknesses to yield four sets of strategic alternatives is;called a (an);13) Which strategy specifies the firm's;overall direction in terms of its general orientation toward growth, the;industries or markets in which it competes, and the manner in which it;coordinates activities and transfers resources among business units?;14) Continuous improvement is an;operations concept developed in;15) The process by which a firm;approaches its cross-border activities and those of competitors, and plans to;approach them in the future, is called;16) What question must managers ask;concerning the relationship between economic logic and international;strategy?;17) Which strategy is developed to pull;together the various activities and competencies of each department so that;corporate and business unit performance improves and resource productivity is;maximized?;18) The strategy that deals with product;and process innovation and improvement is known as a ________ strategy.;19) The hiring of new people with new;skills, firing of people with inappropriate or substandard skills, and/or;training existing employees to learn new skills are included the process of;20) The strategy implementation tool used;to determine what actions are going to be taken, by whom, during what time;frame, and with what expected results is called a(n);21) Executives with a particular mix of;skills and experiences may be classified as an executive type and paired with;22) According to the text, what is the;key" to effective management of change in culture?;23) The sum total of the activities and;choices required for the execution of a strategic plan is known as in;24) Who typically implements strategy in;large, multi-industry corporations?;25) Which one of the following is NOT a;part of the evaluation and control of performance?;26) The end result of activity is known;as;27) Which is the MOST commonly used;measure of corporate performance (in terms of profit)?;28) Because of the belief that;accounting-based numbers such as ROI, ROE, and EPS are not reliable;indicators of a corporation's economic value, which method of corporate;performance is now preferred?;29) Which company experienced a tarnished;reputation and scandal after experiencing behavior substitution when;employees altered their behavior on the job to fit the reward system?;30) Suboptimization occurs when


Paper#56708 | Written in 18-Jul-2015

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