It is advisable to have management from all levels participate in the strategy formulation process

C) budgets.D) course of action.E) procedures.Answer:ADifficulty:EasyChapter Objective: Develop programs, budgets, and procedures to implement strategic change45) The innovative bottle design of Ecologic Brands was influenced by a pulp tray used to shipBDifficulty:Moderate

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Chapter Objective: Develop programs, budgets, and procedures to implement strategic change46) The term used in strategic implementation that describes a system of sequential steps ortechniques that describe in detail how a particular task or job is to be done isA) program.B) guidelines.C) budgets.D) course of action.E) procedures.Answer:E

Difficulty:EasyChapter Objective: Develop programs, budgets, and procedures to implement strategic change47) When the return on investment for each division of a corporation is greater than what thereturn would be if each division were an independent business, that corporation is said to haveachievedA

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Difficulty:ModerateChapter Objective: Understand the importance of achieving synergy during strategyimplementation

  • School King Saud University
  • Course Title MGT 581
  • Type

    Test Prep

  • Pages 24
  • Ratings 100% (21) 21 out of 21 people found this document helpful

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40) Which statement below is NOT true of strategy implementation?A) It is the process by which strategies and policies are put into action through the developmentof programs, budgets, and procedures.B) Implementation is often considered after strategy has been formulated.C) Strategy implementation is the sum total of the activities and choices required for theexecution of a strategic plan.D) Strategy implementation should be kept separate and distinct from that of strategicmanagement.E) Strategy formulation and strategy implementation are two sides of the same coin.Answer:DDiff: 2Page Ref: 272

Topic:Strategy Implementation41) A survey of 93 Fortune 500 firms found ten major problems that over half of the groupexperienced when they attempted to implement a strategic change. Which of the following isNOT one of the implementation problems?C

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Diff: 2Page Ref: 273Topic:Strategy Implementation42) Who typically implements strategy in large, multi-industry corporations?EDiff: 1Page Ref: 273

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Topic:Who Implements Strategy?6

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It is advisable to have management from all levels participate in the strategy formulation process

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Small Business Management: Launching & Growing Entrepreneurial Ventures

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43) It is advisable to have management from all levels participate in the strategy formulationprocessCDiff: 2Page Ref: 273

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Topic:Who Implements Strategy?44) The term used in strategic implementation that describes a statement of activities or stepsneeded to accomplish a single-use plan and whose use is to make the strategy action-oriented isA) program.B) guidelines.C) budgets.D) course of action.E) procedures.Answer:ADiff: 1Page Ref: 274

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It is advisable to have management from all levels participate in the strategy formulation process

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Small Business Management: Launching & Growing Entrepreneurial Ventures

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What is the role of top management in strategy formulation and implementation?

Top management is responsible for establishing policies, guidelines and strategic objectives, as well as for providing leadership and direction for quality management within the organization. It should also establish those responsible and hold them accountable for a wide variety of management system processes.

Which type of organizational structure combines functional and product forms at the same level in the organization?

Matrix structure is one of the essential organizational structures in which at least two designs are consolidated to shape another design. It generally combines product structure and functional structure where representatives work across tasks and groups within their departments and functions.

Is a process by which strategies and policies are put into action through the development of programs budgets and procedures?

Strategy implementation - The process by which strategies and policies are put into action through the development of programs, budgets, and procedures.

What are the 3 most important aspects of strategic management?

Strategic management has three major elements, which include strategic analysis, strategic choice, and strategy implementation.