BUS 490 WK 10 Quiz 9 Ch. 9 - All Possible Questions
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BUS 490 WK 10 Quiz 9 Ch. 9 - All Possible Questions
1) Most strategists believe that an organization's well being depends on evaluation of the strategic-management process.
2) Adequate, timely feedback is important to effective strategy evaluation.
3) Too much emphasis on evaluating strategies may be expensive and counterproductive.
4) Strategy evaluation should have a long-run focus and avoid a short-run focus.
5) According to Richard Rumelt, consonance and consistency are mostly based on a firm's external assessment.
6) According to Rumelt, consistency and feasibility are largely based on a firm's internal assessment.
7) Consistency, distinctiveness, advantage and feasibility are Richard Rumelt's four criteria for evaluating a strategy.
8) Strategy evaluation is becoming increasingly easier with the passage of time, given technological advances.
9) The decreasing time span for which planning can be done with any degree of certainty is a reason strategy evaluation is more difficult today.
10) Strategies may be inconsistent if policy problems and issues continue to be brought to the top for resolution.
11) Competitive advantages normally are the result of superiority in one of three areas: feasibility, consistency, or consonance.
12) Regardless of the size of the organization, a certain amount of "management by wandering around" at all levels is essential to effective strategy evaluation.
13) Evaluating strategies on a continuous rather than on a periodic basis allows benchmarks of progress to be established and more effectively monitored.
14) The end of the fiscal year is the best time to do strategy evaluation.
15) Changes in the organization's management, marketing, finance/accounting, production/operations, R&D and MIS strengths...