Strategic management entrepreneurship

1.
What is strategy?
A. Process of formulating, implementing, and evaluating, strategies to
accomplish long-term goals
B. positive internal factors that a company can draw on to accomplish its
mission
C. comprehensive action plan that identifies long-term direction
D. are positive external options that the firm can exploit to accomplish its
mission, goals, and objectives
2.
What is strategic management?
A. Process of formulating, implementing, and evaluating, strategies to
accomplish long-term goals
B. positive internal factors that a company can draw on to accomplish its
mission
C. comprehensive action plan that identifies long-term direction
D. are positive external options that the firm can exploit to accomplish its
mission, goals, and objectives
3.
Which of the following is a benefit of strategic management?
i Clear sense of strategic vision of the firm
ii Sharper focus on what is strategically important
iii Improved understanding of a rapidly changing environment
iv Develop a clear vision and translate it into a meaningful mission
statement.
A. i & ii
B. ii & iii
C. i,ii & iii
D. i,ii,iii & iv

4.
How many step in management process?
A. 7
B. 9
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Strategic management entrepreneurship

C. 10
D. 11
5.
What is the step 2 in management process?
A. Identify the key factors for success in the business.
B. Translate strategic plans into action plans.
C. Create company goals and objectives.
D. Assess the companys strengths and weaknesses

.
6.
The above statement refers to
A. Mission
B. Vision
C. Goal
D. Objectives
7.
what do we want to become refers to
A. Mission
B. Vision
C. Goal
D. Objectives
8.
What is key success factors?
A. positive external factors options that the firm can exploit to accomplish
its mission, goals, and objectives
B. internal factors that a company can draw on to accomplish its mission ,
goal and objectives
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Strategic management entrepreneurship

C. The factors that determine a company ability to compete
successful in an industry.
D. external factors that a company can draw on to accomplish its
mission , goal and objectives

Offer the same products and services, and

customers often compare prices, features, and
deals from these competitors as they shop.

Yahoo and Google

9.
The above statement refers competitor analysis
A. direct competitor
B. Indirect competitor
C. whosale competitor
D. manufacturer competitor
10.
________ are the broad, long-range attributes that a business seeks to
accomplish.
A. Goal
B. Objectives
C. Strategy
D. Threats
11.
Translate strategic plans into actions is step
A. 2
B. 4
C. 6
D. 8
12.

Strategic management entrepreneurship

A company following a _________ seeks to build customer loyalty by
positioning its goods or services in a unique or different fashion.
A. cost leadership strategy
B. differentiation strategy
C. Focus strategy
D. Translate strategy
13.
stratos meanings is.
A. lead
B. Police
C. teach
D. army

Written expression of how the company

will reflect the owner values, belief and
vision

14.
The above statement refers to
A. Mission
B. Vision
C. Goal
D. Objectives