STRATEGIC MANAGEMENT

QUIZ 2 BLENDED

It seeks to explain the business undertaken by the firm,

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with respect to the customer needs, target audience, and

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alternative technologies.

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The correct answer is: Business Definition
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Both an Art and science of formulating, implementing,

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and evaluating, cross-functional decisions that facilitate

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an organization to accomplish its objectives.

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The correct answer is: Strategic management

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 Organizations need to set adequate and appropriate

objective to cover all performance areas.

The correct answer is 'True'.

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This takes Strategic Intent to an all-together new level by

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including the employee's emotions with the organization
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aspirations.
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The correct answer is: Sense of Destiny

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Goals are the end results that the organization attempts

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to achieve.
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The correct answer is 'True'.

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 A statement, that provides a perspective of the means,

which will lead the organization, reach the vision in the

long run.

The correct answer is: Strategic Intent

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The quality of the objectives can be judge on the basis of
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its ability to give scientific direction.

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The correct answer is 'False'.

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It is designed to help potential shareholders and investors

understand the purpose of the company.

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 The correct answer is: Mission Statement

It is time-based measurable actions, which help in the

accomplishment of goals.

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The correct answer is: Objectives

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It is the dream of the business and an inspiration, base

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for the planning process.

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The correct answer is: Vision

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