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Test Bank For Strategic Management: Text And Cases, 8th Edition

Stay prepared for any question with Test Bank For Strategic Management: Text And Cases, 8th Edition, offering structured learning and strategic exam tips.

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1-1Chapter 01Strategic Management: Creating Competitive AdvantagesTrue / False Questions1.Hewlett-Packard's failure and success under the leadership first of Carly Fiorina and then of Mark Hurdwas said to be a direct result of the quality ofleadership of each of these CEOs. According to the text, thiswould be an example of the "romantic" perspective of leadership.TrueFalse2.Strategic management consists of the analyses, decisions, and actions an organization undertakes in orderto create and sustain competitive advantages.TrueFalse3.Strategic management is concerned with the analysis of strategic goals as stated in the vision, mission, andstrategic objectives of a firm.TrueFalse4.The three interrelatedand principal activities of strategic management are: strategy analysis, strategyformulation, and strategy implementation.TrueFalse5.Strategic management isnotconcerned with how to create competitive advantage in the marketplace.TrueFalse6.Management innovations such as total quality, just-in-time, benchmarking, business process reengineering,and outsourcing are important, but not enough for building sustainable competitive advantage.TrueFalse7.Making trade-off decisions between effectiveness and efficiency is central to the practice of strategicmanagement.TrueFalse8.Only shareholders in a publicly held company are stakeholders because they are the only group that has astake in the success ofthe organization.TrueFalse9.Strategic management is only concerned with short-term perspectives.TrueFalse

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Strategic Management: Text And Case...

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