管理学第十版C8习题与答案.doc

Chapter 8 Strategic Management True/False Questions THE IMPORTANCE OF STRATEGIC MANAGEMENT Strategic management is the set of managerial decisions and actions that determines the short-term performance of an organization. (False) THE STRATEGIC MANAGEMENT PROCESS The first step in the strategic management process is analyzing the external environment. (False) Within an industry, an environment can present opportunities to one organization and pose threats to another. (True) Evaluating an organization’s intangible assets is part of doing an internal analysis in the strategic management process. (True) Activities that an organization does well or resources that it has available are called capabilities. (False) Exceptional or unique organizational resources are known as core capabilities. (False P165) The final step in the strategic management process is implementing the objectives. (False) TYPES OF ORGANIZATIONAL STRATEGIES Corporate-level strategies are developed for organizations that run more than one type of business. (True; moderate; p. 167) One method of implementing a growth strategy is to increase production capacity. (True) A trucking company that grows by purchasing a chain of gasoline stations is engaged in horizontal integration. (False) Diversification is an example of a corporate retrenchment strategy. (False) A stability strategy is developed when management decides it will remain profitable by maintaining the status quo in a rapidly changing external environment. (False) A retrenchment strategy is a renewal strategy designed to address organizational weaknesses that are leading to performance declines. (Truep169) Turnaround is one type of renewal strategy. (True) Stars, one of the four business groups in the corporate portfolio mix, are characterized by low growth and low market share. (False) According to Porter’s competitive strategies framework, the cost leadership strategy would result in the best quality product at a justifiable cost. (False) Acco