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Strategic Management : Creating Competitive Advantages 4th Canadian Edition Test Bank

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1Student: ___________________________________________________________________________1.The four key attributes of strategic management include the idea that aA.strategy must be directed toward overall organizational goals andobjectives.B.strategy must be focused on long-term objectives.C.strategy must be focused on one specific area of an organization.D.strategy must focus on competitor strengths.2.The four key attributes of strategic management include all of the followingexceptA.including multiple stakeholder interests in decision making.B.incorporating both short-term and long-term perspectives.C.recognizing thetrade-offs between effectiveness and efficiency.D.emphasis on the attainment of short-term objectives.3.Stakeholders areA.a new way to describe shareholders.B.individuals, groups, and organizations who have a stake in thesuccess of the organization.C.creditors who hold a lien on the assets of the organization.D.attorneys and their clients who sue the organization.4.Operational effectiveness includes allexceptA.benchmarking.B.performing different activities than rivals.C.business process re-engineering.D.just-in-time.

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Strategic Management : Creating Com...

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