BUSN 412 Week 5 Quiz
In consideration that the "traditional" approach to strategic control is sequential, the following is not one of the steps in the sequence.
Strategies are formulated and top management sets goals.
Action plans are submitted by lower level managers.
Performance is measured against the predetermined goal.
Strategies are implemented.
2. Question :
The primary drawback of "traditional" strategic control systems is:
They are only appropriate when the environment is stable and simple.
Goals and objectives cannot be measured with a high level of certainty.
They lead to complacency.
They lack the flexibility needed to adjust to changes in the environment.
3. Question :
The following is true for businesses facing complex and turbulent business environments:
Complacency about predetermined milestones can prevent adaptability
Detailed plans are needed to maintain order
Goals and objectives that are uncertain prevent opportunism
Traditional strategic controls are usually inappropriate
4. Question :
Contemporary approaches to strategic control rely primarily on:
5. Question :
Our text states that informational control systems ask:
Is the organization "doing the right things"?
Is the organization "doing things right"?
Are rules and regulations being followed as information is processed?
Is the organization's environment a necessary and sufficient condition for success?
All of the following are examples of strategic actions a firm might take except:
Acquiring competitors to reduce competition
Expanding into neglected markets
Changing product packaging
Tying-up raw material sources
7. Question :
The best example of a tactical action that a company might use in response to a competitive attack is to: