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Insurance Test

In: Business and Management

Submitted By negranau
Words 7145
Pages 29
Strategic Management: Concepts and Cases, 13e (David)
Chapter 9 Strategy Review, Evaluation, and Control

1) Most strategists believe that an organization's well being depends on evaluation of the strategic-management process.
Answer: TRUE
Diff: 1 Page Ref: 286
Topic: The Nature of Strategy Evaluation
Objective: 9.02 Explain why strategy evaluation is complex, sensitive, and yet essential for organizational success.

2) Adequate, timely feedback is important to effective strategy evaluation.
Answer: TRUE
Diff: 1 Page Ref: 287
Topic: The Nature of Strategy Evaluation
Objective: 9.02 Explain why strategy evaluation is complex, sensitive, and yet essential for organizational success.

3) Too much emphasis on evaluating strategies may be expensive and counterproductive.
Answer: TRUE
Diff: 2 Page Ref: 287
Topic: The Nature of Strategy Evaluation
Objective: 9.02 Explain why strategy evaluation is complex, sensitive, and yet essential for organizational success.

4) Strategy evaluation should have a long-run focus and avoid a short-run focus.
Answer: FALSE
Diff: 2 Page Ref: 287
Topic: The Nature of Strategy Evaluation
Objective: 9.02 Explain why strategy evaluation is complex, sensitive, and yet essential for organizational success.

5) According to Richard Rumelt, consonance and consistency are mostly based on a firm's external assessment.
Answer: FALSE
Diff: 2 Page Ref: 288
Topic: The Nature of Strategy Evaluation
Objective: 9.02 Explain why strategy evaluation is complex, sensitive, and yet essential for organizational success.

6) According to Rumelt, consistency and feasibility are largely based on a firm's internal assessment.
Answer: TRUE
Diff: 2 Page Ref: 288
Topic: The Nature of Strategy Evaluation
Objective: 9.02 Explain why...

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