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A series of multiple-choice questions covering key concepts in strategic management, including swot analysis, competitive advantage, management functions, and the general environment. It provides insights into the application of these concepts in real-world business scenarios, making it a valuable resource for students studying business management.
Typology: Exams
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(completing a swot analysis) – Wrong Crafting a mission statement
FALSE
Leading
Competitive Advantage
(Increased Worker to Manager Relations) Wrong Increased Worker Satisfaction
Planning, Organizing, Leading, Controlling
True
Inventory Control
Musk wanted to protect the company’s overall strategy, and he recognized that all employees needed to be reminded that the company’s luxury/performance vehicle positioning.
(Competitive Analysis) Wrong Market Analysis
Strengths and Weaknesses are internal to the company and Opportunities and Threats are external to the company
Hanri Fayol
It explains why the customer would choose the firm’s product over alternatives or no product at all
(Political, Economic, Social, Technical, Legal, Environmental) WRONG Political, economics, social, technological, legal and environment
The process of integrating all functions and activities in an organization into a coherent whole