According to Rumelt, the final broad test of strategy is its
A) advantage.
B) feasibility.
C) consonance.
D) consistency.
E) distinctiveness
Answer: B) feasibility.
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GEB Chapter 9
- A particularly important twenty-first-century challenge facing all strategists today is
- Proponents of the top-down approach contend that ________ are the only persons in the firm with the collective experience, acumen, and fiduciary responsibility to make key strategy decisions.
- Which of the following statements about contingency plans is NOT true?
- What activity is defined as having alternative plans that can be put into effect if certain key events do not occur as expected?
- ________ organizations require more elaborate and detailed strategy-evaluation systems than ________ ones because it is more difficult to coordinate efforts among different divisions and functional areas.
- Which of the following is true regarding the design of a firm's strategy-evaluation system?
- The strategy-evaluation process should
- What aims to balance long-term with short-term concerns, financial with nonfinancial concerns, and internal with external concerns?
- Corrective action should do all of the following EXCEPT
- Research suggests that which of the following is one of the best ways to overcome individuals' resistance to change in strategy evaluation?
- Corrective actions should always
- What corrective actions might a firm take during strategy evaluation?
- Most quantitative criteria are geared to ________ objectives rather than ________ objectives.
- Financial ratios are used to compare a firm's performance over different time periods, to compare the firm's performance to industry averages, and to compare a firm's performance with
- Also important in evaluating strategies are ________ criteria, like high absenteeism and turnover rates, or low employee satisfaction.
- Which of these is NOT a key financial ratio?
- Quantitative criteria commonly used to evaluate strategies are
- Which of the following is a corrective action a company might take to correct unfavorable variances?
- Which of the following is NOT included in measuring organizational performance?
- A revised ________ should indicate how effective a firm's strategies have been in response to key opportunities and threats.
- Changes in the organization's management, marketing, finance/accounting, production/operations, R&D, and MIS strengths and weaknesses should be the focus of a revised
- If you discover during the course of strategy evaluation that major changes have occurred in the firm's internal strategic position, you should
- Corrective actions are almost always ________ except when external and internal factors have not significantly changed and the firm is progressing satisfactorily toward achieving stated objectives.
- Strategy-evaluation activities should ideally be performed
- Modern organizational realities demand that employees demonstrate greater