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Terms in this set (10)

A company exhibits strategic intent when:

It relentlessly pursues an ambitious strategic objective, concentrating the full force of its resources and competitive actions on achieving that objective

Which of the following is the best example of a well-stated financial objective?

Increase earnings per share by 15 percent annually

Which of the following is the best example of a well-stated strategic objective?

Overtake key competitors on product performance or quality within three years

Strategic intent refers to a situation where a company:

Relentlessly pursues an ambitious strategic objective

Perhaps the most reliable way for e a company to improve its financial performance over time is to:

Recognize that the achievement of strategic objectives signals that the company is well positioned to sustain or improve its performance

Which of the following is NOT an accurate description of the task of creating a company's strategy?

The task of crafting strategy is best done by a company's chief strategic planning officer, who should report directly to the company's CEO and board of directors

Which of the following most accurately describes the task of crafting a company's strategy?

The most a company's operations cut across different products, industries, and geographical areas, the more that headquarters executives have little option but to delegate considerable strategy-making authority to down-the-line managers in charge of particular subsidiaries, product lines, geographic sales offices, and plants

Business strategy, as distinct from corporate strategy, is chiefly concerned with:

Deciding how to build competitive advantage and improve performance in a particular line of business

In a single-business company, the strategy-making hierarchy consists of:

Business strategy, functional strategies, and operating strategies

A company's values relate to such things as:

Fair treatment, integrity, ethical behavior, innovativeness, teamwork, top-notch quality, superior customer service, social responsibility, and community citizenship

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Which of the following is the best example of a well stated strategic objectives?

Which of the following is the best example of a well-stated strategic objective? Overtake key competitors on product performance or quality within three years. Correct.

What is a well stated strategic objective?

Strategic objectives are high-level goals outlining what an organization wants to achieve, with a clearly stated deadline. Strategic objectives populate your plan's Focus Areas and are very specific. Each strategic objective contributes to at least one strategic Focus Area and, once completed, is replaced by another.

Which of the following is a characteristic of well stated objectives?

A well-written objective should meet the following criteria: (1) describe a learning outcome, (2) be student oriented, (3) be observable (or describe an observable product).

Which of the following examples are characteristics of an effectively worded strategic vision statement?

Which of the following are characteristics of an effectively worded strategic vision statement? From Table 2.2, it is evident that an effectively worded vision statement is graphic, directional, focused, flexible, feasible, desirable, and easy to communicate.