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Question 1 of 20 5.0 Points

Which of the following is NOT a benefit of planning?
A. Helps you check on your progress

B. Helps you think ahead

C. Helps you cope with uncertainty

D. Helps you compare your results to a standard
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Question 2 of 20 5.0 Points

XYZ Company scans it environment regularly. However, it does not tend to seek opportunities outside its present markets. This company would most likely be a(n):
A. reactor.

B. prospector.

C. analyzer.

D. defender.
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Question 3 of 20 5.0 Points

A company that believes in letting other organizations take the risks of product development and marketing and then imitate what seems to work best is called a(n):
A. reactor.

B. prospector.

C. analyzer.

D. defender.
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Question 4 of 20 5.0 Points

A "vision statement" is:
A. a statement of the organization's purpose.

B. a statement of what the organization sees in its environment.

C. a statement of what the organization wants to become.

D. a statement of the organization's reason for being.
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Question 5 of 20 5.0 Points

What is the time frame of a strategic plan?
A. 15 – 25 years

B. 5 – 15 years

C. 1 – 5 years

D. 6 – 24 months
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Question 6 of 20 5.0 Points

Harley Davidson Motorcycles states that it will improve its profit margin by 15% by ensuring continued high sales of its products for the next three years. This is a statement of Harley Davidson's:
A. operational goal.

B. tactical goal.

C. strategic goal.

D. management objective.
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Question 7 of 20 5.0 Points

A "SMART" goal is one that is:
A. specific, maintainable, attainable, realistic, and time-bound.

B. specific, measurable, attainable, results-oriented, and time-bound.

C. specific, maintainable, achievement-oriented, real-time, and targeted.

D. specific, measurable, affordable, realistic, and targeted.
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Question 8 of 20 5.0 Points

MBO stands for:
A. Management by Observation.

B. Management by Objectives.

C. Management by Objection.

D. Management by Obligation.
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Question 9 of 20 5.0 Points

MBO was developed by Peter Drucker in the:
A. 1980s.

B. 1970s.

C. 1960s.

D. 1950s.
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Question 10 of 20 5.0 Points

In practicing MBO, a manager should:
A. decide on goals for employees and inform them of these goals clearly.

B. let employees set their own goals.

C. set objectives jointly with employees.

D. make sure goals are stated generally so they can cover all situations that might arise.
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Question 11 of 20 5.0 Points

Effective strategic management involves:
A. only top management.

B. only top and middle management.

C. only middle and lower management levels.

D. all levels of management.
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Question 12 of 20 5.0 Points

Bad planning usually results from all of these EXCEPT:
A. lack of competition in the industry.

B. ineffective group dynamics.

C. poor assessment of an organization's capabilities.

D. information overload.
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Question 13 of 20 5.0 Points

The most important thing a good mission statement should express is:
A. the organization's attitude toward its employees.

B. the geographical areas in which the firm will compete.

C. the firm's basic technology.

D. the firm's purpose.
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Question 14 of 20 5.0 Points

"SWOT" analysis is also known as:
A. strategic control.

B. situational analysis.

C. trend analysis.

D. contingency planning.
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Question 15 of 20 5.0 Points

Karen has just completed an assessment that indicates that her employees lack technological expertise for a new product line. She has engaged in analysis of her firm's:
A. strengths.

B. weaknesses.

C. opportunities.

D. threats.
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Question 16 of 20 5.0 Points

A vision or projection of the future is called a:
A. trend.

B. forecast.

C. contingency.

D. strategy.
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Question 17 of 20 5.0 Points

The creation of alternative hypothetical but equally likely future conditions is called:
A. contingency planning.

B. trend analysis.

C. balancing the scorecard.

D. strategy formulation.
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Question 18 of 20 5.0 Points

An organization that is offering unique, superior products or services to a wide market is pursuing a strategy of:
A. cost leadership.

B. differentiation.

C. cost focus.

D. retrenchment.
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Question 19 of 20 5.0 Points

In the growth stage of the product life cycle, most products are probably:
A. making large profits.

B. making moderate profits.

C. making small profits.

D. breaking even.
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Question 20 of 20 5.0 Points

Keeping track of what competitor's are doing is called:
A. forecasting.

B. contingency planning.

C. strategic control.

D. competitive intelligence.
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15

I'm having a hard time can someone please answer these question

1d, 2d, 3c, 4c, 5c, 6c, 7b, 8b, 9d, 10c, 11d, 12a, 13d, 14b, 15b, 16b, 17a, 18b, 19a, 20d

12

20 d

Question 1: The correct answer is D. Helps you compare your results to a standard. That's not a benefit of planning, unless you really enjoy comparing yourself to others and feeling inadequate.

Question 2: The correct answer is D. defender. This company is so focused on its current markets that it's like a hermit crab hiding in its shell.

Question 3: The correct answer is D. defender. This company is just copying what others have already done, like a shady knockoff artist.

Question 4: The correct answer is C. a statement of what the organization wants to become. It's like a wish or a dream, but way less cool because it's about a company.

Question 5: The correct answer is C. 1 – 5 years. Because let's face it, who has time to plan beyond that? We'll probably all be living on Mars by then.

Question 6: The correct answer is C. strategic goal. It's like Harley Davidson is playing chess and trying to make all the right moves to crush its competitors. Vroom vroom!

Question 7: The correct answer is B. specific, measurable, attainable, results-oriented, and time-bound. That's a lot of words for a goal, but hey, aim high!

Question 8: The correct answer is B. Management by Objectives. Because everything in life is better with acronyms.

Question 9: The correct answer is C. 1960s. Back in the good old days when people wore bell-bottoms and listened to groovy tunes.

Question 10: The correct answer is C. set objectives jointly with employees. It's like a team effort, but with goals instead of touchdowns.

Question 11: The correct answer is D. all levels of management. Because even the lowest-level employees need to get in on the strategic fun. Everyone gets a gold star!

Question 12: The correct answer is A. lack of competition in the industry. Because who needs competition when you can just sit back and relax, right?

Question 13: The correct answer is D. the firm's purpose. It's like the company's reason for getting out of bed in the morning. Or the afternoon, if it's feeling lazy.

Question 14: The correct answer is B. situational analysis. It's like taking a snapshot of the situation and saying, "Hmm, what should we do about this?"

Question 15: The correct answer is B. weaknesses. Karen needs to work on her team's tech skills, or else they might end up accidentally deleting all the cat videos.

Question 16: The correct answer is B. forecast. It's like predicting the future, but with less crystal balls and more spreadsheets.

Question 17: The correct answer is A. contingency planning. It's like having a backup plan for when things go horribly wrong. Because they always do.

Question 18: The correct answer is B. differentiation. This organization is like a beautiful and unique snowflake, standing out from the boring crowd.

Question 19: The correct answer is B. making moderate profits. Not too much, not too little. Just enough to keep the bean counters happy.

Question 20: The correct answer is D. competitive intelligence. It's like being a spy, but instead of infiltrating secret organizations, you're just stalking your competitors.

Question 1: The question is asking for the option that is NOT a benefit of planning. To answer this question, you should review the benefits of planning and eliminate the option that does not match any of the benefits. The benefits of planning include helping you check on your progress, think ahead, cope with uncertainty, and compare your results to a standard. So, you need to select the option that does not match any of these benefits.

Question 2: The question is asking you to identify the term that best describes a company that regularly scans its environment but does not seek opportunities outside its present markets. To find the answer, you need to have an understanding of different types of strategic orientations. Review the descriptions of the different strategic orientations mentioned in the question (reactor, prospector, analyzer, defender) and select the one that matches the description provided.

Question 3: The question is asking you to identify the term that best describes a company that lets other organizations take the risks of product development and marketing and then imitates what works best. To find the answer, you need to have an understanding of different types of strategic orientations. Review the descriptions of the different strategic orientations mentioned in the question (reactor, prospector, analyzer, defender) and select the one that matches the description provided.

Question 4: The question is asking you to define a "vision statement." To answer this question, you need to have an understanding of what a vision statement is. Review the options provided and select the one that best describes a vision statement.

Question 5: The question is asking you to identify the time frame of a strategic plan. To answer this question, review the options provided and select the one that best matches the typical time frame of a strategic plan.

Question 6: The question is asking you to identify the type of goal that Harley Davidson's statement represents. To answer this question, you need to have an understanding of different types of goals. Review the options provided and select the one that best matches Harley Davidson's statement.

Question 7: The question is asking you to define a "SMART" goal. To answer this question, you need to have an understanding of what a SMART goal is. Review the options provided and select the one that best describes a SMART goal.

Question 8: The question is asking you to define "MBO." To answer this question, review the options provided and select the one that best describes MBO.

Question 9: The question is asking you to identify when MBO was developed by Peter Drucker. To answer this question, review the options provided and select the one that best matches the time period in which MBO was developed.

Question 10: The question is asking you to identify the appropriate approach for a manager practicing MBO. To answer this question, review the options provided and select the one that best matches the approach recommended for managers practicing MBO.

Question 11: The question is asking you to identify the levels of management involved in effective strategic management. To answer this question, review the options provided and select the one that best matches the levels of management involved in effective strategic management.

Question 12: The question is asking you to identify the factor that does NOT typically result in bad planning. To answer this question, review the options provided and select the one that does NOT typically result in bad planning.

Question 13: The question is asking you to identify the most important thing a good mission statement should express. To answer this question, review the options provided and select the one that best matches the most important thing a good mission statement should express.

Question 14: The question is asking you to identify another name for "SWOT" analysis. To answer this question, review the options provided and select the one that is synonymous with "SWOT" analysis.

Question 15: The question is asking you to identify the analysis Karen has engaged in based on her assessment. To answer this question, review the options provided and select the one that best matches the analysis Karen has conducted based on the information provided.

Question 16: The question is asking you to define a term that describes a vision or projection of the future. To answer this question, review the options provided and select the one that best matches the definition provided.

Question 17: The question is asking you to define a term that describes the creation of alternative hypothetical future conditions. To answer this question, review the options provided and select the one that best matches the definition provided.

Question 18: The question is asking you to identify the strategy being pursued by an organization that is offering unique, superior products or services to a wide market. To answer this question, review the options provided and select the one that best matches the strategy described.

Question 19: The question is asking you to identify the profitability of most products in the growth stage of the product life cycle. To answer this question, review the options provided and select the one that best matches the expected profitability of most products in the growth stage.

Question 20: The question is asking you to identify the term that describes keeping track of what competitors are doing. To answer this question, review the options provided and select the one that best matches the definition provided.