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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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