771. An organization’s strategy:
A. remains set in place longer than the mission and objectives
B. generally forms over a period of time as events unfold
C. tends to be formed at the same time the mission is developed and objectives are formulated
D. is usually conceived at a single time when managers sit down and work out a comprehensive strategic plan for the next 3-5 years

772. The primary focus of strategic management is:
A. strategic analysis
B. the total organization
C. strategy formulation
D. strategy implementation.

773. Which of the following is not an advantage of strategic management?
A. It provides organizations with a clearer sense of direction and purpose
B. It helps improve the political, economic, social and technological environment of the organisation
C. It helps orientate management decisions to relevant environmental conditions
D. It helps organizations be proactive rather than reactive

774. Which of the following defines what business or businesses the firm is in or should be in?
A. Business strategy
B. Corporate strategy
C. Functional strategy
D. National strategy

775. Which of the following defines how each individual business unit will attempt to achieve its mission?
A. Business strategy
B. Corporate strategy
C. Functional strategy
D. National strategy

776. Which of the following focuses on supporting the corporate and business strategies?
A. Competitive strategy
B. Corporate strategy
C. Operational strategy
D. National strategy
E. Mission strategy

777. Which one of the following is not a primary task of strategic managers?
A. Establishing strategic objectives
B. Developing the steps to follow in implementing operational level plans
C. Defining the business and developing a mission
D. Developing a strategy
E. Implementing and evaluating the chosen strategy

778. The task of strategy choice involves:
A. developing plans and activities which will improve the organisation’s performance and competitive position
B. determining how the organisation can be more market and efficiency oriented
C. monitoring whether the organisation is achieving good financial performance
D. keeping the organisation free of debt

779. Which one of the following is at the core of strategic management?
A. Choosing which organisational objectives to focus on
B. Being alert for opportunities to change work responsibilities
C. Adapting the organisation to a changing external environment
D. Choosing whether to make decisions autocratically or on the basis of participation

780. The corporate level is where top management directs:
A. all employees for orientation
B. its efforts to stabilize recruitment needs
C. overall strategy for the entire organization
D. overall sales projections

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