Ambot

Question 1

is a set of managerial decisions and actions that
determines the long run performance of a corporation.

Answer 1

Strategic management

Question 2

Managers initiate serious planning when they are
requested to propose foll year’s budget.

Answer 2

1-Basic financial
planning:

Question 3

: As annual budgets become less useful at
stimulating long term planning, managers attempt to propose five-year plans.

Answer 3

2-Forecast-based planning

Question 4

: As annual budgets become less useful at
stimulating long term planning, managers attempt to propose five-year plans.

Answer 4

2-Forecast-based planning

Question 5

Frustrated with highly political yet
ineffectual five-year plans, top management takes control of the planning process

Answer 5

Externally oriented (strategic) planning:

Question 6

refers to the use of business practices to reduce a company’s impact upon the natural, physical environment. Climate change is playing
role e in business decisions.

Answer 6

Environmental sustainability

Question 7

refers to the use of business practices to reduce a company’s impact upon the natural, physical environment. Climate change is playing
role e in business decisions.

Answer 7

Environmental sustainability

Question 8

is the monitoring, evaluating, and disseminating of
information from the external and internal environments to key people within the
corporation.

Answer 8

Environmental scanning

Question 9

of a corporation consists of variables (Strengths and
Weaknesses) that are within the organization itself and are not usually within the short-
run control of top management.

Answer 9

The internal environment

Question 10

is the development of long-range plans for the effective
management of environmental opportunities and threats, in light of corporate strengths
and weaknesses (SWOT).

Answer 10

Strategy formulation

Question 11

is the purpose or reason for the organization’s existence, It
tells what the company is providing to society-either a service such as housecleaning
or a product such as automobiles.

Answer 11

mission

Question 12

are the end results of planned activity. They should be stated as action
verbs and tell what is to be accomplished by when and quantified if possible.

Answer 12

Objectives

Question 13

are the end results of planned activity. They should be stated as action
verbs and tell what is to be accomplished by when and quantified if possible.

Answer 13

Objectives

Question 14

of a corporation forms a comprehensive master plan that states how the
corporation will achieve its mission and objectives.

Answer 14

strategy

Question 15

describes a company’s overall direction in terms of its
general attitude toward
and the management of its various businesses
and product lines.

Answer 15

Corporate strategy

Question 16

usually occurs at the business unit or product level, and it
emphasizes improvement of the competitive position of a corporation’s products
or services in the specific industry or market segment served that business

Answer 16

Business strategy

Question 17

typically fit within the three main
categories of stability, growth, and retrenchment.

Answer 17

Corporate strategies

Question 18

is a process by which strategies and policies are put
the development of programs, budgets, and procedures. This
process might changes within the overall culture, structure, andlor management
system of the entire organization.

Answer 18

Strategy implementation

Question 19

is a process by which strategies and policies are put
the development of programs, budgets, and procedures. This
process might changes within the overall culture, structure, andlor management
system of the entire organization.

Answer 19

Strategy implementation

Question 20

is a statement of the activities or steps needed to accomplish a single-use
plan.

Answer 20

program

Question 21

is a statement of a corporation’s programs in terms of denominations. Used in
planning and control, a budget lists the detailed cost of each program.

Answer 21

budget

Question 22

sometimes termed Standard Operating Procedures (SOP), are a system
of sequential steps or techniques that describe in detail how a particular task or job is to
be done.

Answer 22

Procedures

Question 23

is a process in which corporate activities and
performance results are monitored so that actual performance can be compared with
desired performance.

Answer 23

Evaluation and control

Question 24

is the end result of activities. It includes the actual outcomes of the
strategic management process.

Answer 24

Performance

Question 25

is the end result of activities. It includes the actual outcomes of the
strategic management process.

Answer 25

Performance

Question 26

As organizations grow larger and more complex, with more
uncertain environmens, decisions become increasingly complicated and difficult to
make. In agreement with the strategic choice perspective mentioned earlier, this book
proposes a strategic decision-making framework that can help people make these
decisions regardless of their level and function in the corporation.

Answer 26

Strategic decision making

Question 27

deal with the long-run future of
an entire organization
and have three characteristics:
1. Rare: Strategic decisions are unusual and typically have no precedent to follow.

Answer 27

strategic decisions

Question 28

deal with the long-run future of
an entire organization
and have three characteristics:
1. Rare: Strategic decisions are unusual and typically have no precedent to follow.

Answer 28

strategic decisions