-?TRUE FALSE QUEST?ONS Please write your answer in the table Answer 11 12 13 141
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Question
-?TRUE FALSE QUEST?ONS Please write your answer in the table Answer 11 12 13 1415 Answer 1. Strategic management begins with the creation and execution of strategies, tonowed by the definition of goals that can be met by following these strategies 2. Adaptation is the process associated with atemptimg to control the envirommem to make it less hostile and more conducive to organizational success. 3. Management of resources is a major corporate-level strategic managament responsibility. 4. Unless an internal capability or resource is costly or difficult to imitate by competitors, the capability or resource is unlikely to lead to a sustainable competitive advantage. C 5. Awareness of and compliance with the attitudes of society can help an ogantration avoid problems associated with a bad ethical reputation.Explanation / Answer
Answer 1: False. Goal-setting is the first step in order to formulate and implement strategy , the vision should be clearly defined.
Answer 2. False.Adaptation is the process to improvise changes in the organization but at the same time making the environment conducive by shielding it from hostility.
Answer 3.True.The corporate-level strategic management includes the goal setting and examining the ability of internal resources of firm and therefore the management of resources forms a part of the corporate strategy.
Answer 4. True. The two main competitive strategies adopted for sustainable competitive advantage are low-cost and differentiation strategies. In case an organization has costly internal resource it can have the advantage of the cost-based strategy whereas in case the resource is difficult to imitate , the differentation strategy can be used.
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