A firm may change its strategy as a response to a change in the environment. Tru

Question

A firm may change its strategy as a response to a change in the environment.

True

False

1 points   

QUESTION 2

An organization’s weaknesses are derived from its set of resources.

True

False

1 points   

QUESTION 3

Implementation issues should be considered before a decision to adopt a strategy is made.

True

False

1 points   

QUESTION 4

In the context of the SW/OT matrix, opportunities and alternatives are often synonymous.

True

False

1 points   

QUESTION 5

Opportunities and threats are associated with factors outside the organization.

True

False

1 points   

QUESTION 6

Organizational resources include the experience, capabilities, knowledge, skills, and judgment of all the firm’s employees.

True

False

1 points   

QUESTION 7

Organizational strengths are derived from earlier assessment of the environment.

True

False

1 points   

QUESTION 8

Physical resources include the firm’s systems and processes, including its strategies, structure, culture, financial base, research and development, marketing, information systems, and control systems.

True

False

1 points   

QUESTION 9

Research suggests that strategic alternatives most likely to lead to success are defensive in nature.

True

False

1 points   

QUESTION 10

Strategic alternatives

should always be evaluated.

should always be adopted.

emanate from creative managers.

All of the above.

should always be evaluated.

should always be adopted.

emanate from creative managers.

All of the above.

Explanation / Answer

1. True

2. True

3. False

4. False

5. True

6. False (It is Human Resources)

7. True

8. False (It is organizational resources)

9. True

10. Should always be evaluated

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