Which of the following statements best describes the process of crafting a business strategy

Which of the following statements best describes the process of crafting a business strategy

Multiple Choice Questions

Chapter 1 - Introduction Strategy

Which of the following are typically seen as being associated with strategic decisions?

A.

The organisation's long-term direction

B.

The detailed planning of a department's work over the next month

C.

The values and expectations of powerful actors in the organisation

D.

The scope of the organisation's activities

Which strategy is about how to compete successfully in particular markets?

A.

Business-level strategy

B.

Corporate-level strategy

C.

Alliance-based strategy

D.

Operational-level strategy

A group of managers is considering pricing strategy and differentiation. At which level of strategy are

the managers most likely to be working?

A.

Corporate level

B.

Operational level

C.

Business level

D.

Mission and vision

An organisation's general expression of its overall purpose is known as its:

A.

objective

B.

vision

C.

goal

D.

mission

Which of the following terms correctly complete the definition: Operational strategies are about how

the component parts of an organisation deliver strategies in terms of _____ _____ and _____.

A.

people

B.

alliances

C.

mission

D.

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Which of the following statements best describes the process of crafting a business strategy quizlet?

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staffing the organization with strong management and employee retention..
acquiring, developing and strengthening the resources and capabilities required for good strategy execution..
structuring the organization and work effort..