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Strategic Management in Action, 6th Edition Test Bank

Need to sharpen your exam skills? Strategic Management in Action, 6th Edition Test Bank provides answers to tough questions, helping you excel.

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1Strategic Management in Action, 6e(Coulter)Chapter 1 Introducing the Concepts1) Companies that use strategic management tend to have higher levels of performance.Answer: TRUEDiff: 2Page Ref:2Topic: Explain Why Strategic Management Is ImportantAACSB: Reflective ThinkingObjective: Define strategic management and identify its basic components2) Strategy should be developed from a number of approaches rather than a single approach.Answer: TRUEDiff: 2Page Ref:3Topic: Explain Why Strategic Management Is ImportantAACSB: Reflective ThinkingObjective: Define strategic management and identify its basic components3) An organization's simple action can be considered a strategy.Answer: FALSEDiff: 2Page Ref:5Topic: Explain What Strategic Management IsAACSB: Analytical SkillsObjective: Define strategic management and identify its basic components4) Strategy involves only the examination of an organization's goals.Answer: FALSEDiff: 2Page Ref:5Topic: Explain What Strategic Management IsAACSB: Analytical SkillsObjective: Define strategic management and identify its basic components5) An organization's strategy is its goal-directed decisions and actions in which its capabilitiesand resources are matched with the opportunities and threats in its environment.Answer: TRUEDiff: 2Page Ref:5Topic: Explain What Strategic Management IsAACSB: Analytical SkillsObjective: Define strategic management and identify its basic components6) A situation analysis is the first step in the sequential strategic management process.Answer: TRUEDiff: 1Page Ref:6Topic: Explain What Strategic Management IsAACSB: Analytical SkillsObjective: Define strategic management and identify its basic components

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