QUIZ 1

1. Is a fundamental feature of the new economy. As the world implies, it carries a note of overexcitement and
agitation.
2. It occurs when product or service offering and technologies are so new that standards become unstable and
competitive advantage is not sustainable.
3. It is a condition where strategic maneuverings have escalated to bigger business exposure, more sophisticated
marketing positioning, aggressive selling, and innovative products and services.
4. It is characterized by activities such as outdoing each other, surpassing sales, taking competitors by surprise,
capturing a bigger market share, winning the business battle, and seizing the number one slot.

5. It is a situation where both globalization and technology collaborate to create a heightened cut-throat situation.
It means that businesses compete with each other whether they have the same products, similar products,
substitute products, and different products. Competitors continuously strive to outplay and outsmart each other.

6. It is a continuous process of strategy creation.

7. It involves strategic processes like strategic analysis and decision-making, strategy formulation and
implementation, and strategy control with the primary objectives of achieving and maintaining better alignment
of corporate policies, priorities, and success.

8. It consists of a systematic evaluation of variables currently existing in the External and internal environments.

9. It is deliberately bringing together the right resources for the right markets at the right time.

10. It is designing strategies on the business and corporate levels.

11. It is employing these crafted strategies to achieve organizational set goals and objectives.

12. It is the application of an appropriate monitoring and feedback system.

13. Is the capability of an organization to possess relevant and related knowledge, abilities, foresight, and system
thinking.

14. It is the cognitive process of competently and analytically weighing factors and arriving at critical decisions in the
context of the current milieu of which an organization is a part.
15. It pertains to the ability of any business/company to utilize its resources optimally and sustainably for maximum
performance and productivity.

16. It refers to the ability of an organization to produce a particular good or service at lower marginal and
opportunity costs than its competitors.

17. It is the accomplishment of a high level of productivity that is characterized by efficiency in the context of lean
and quantifiable management.

18. Organizational input

19. Strategic Management Process

20. Organizational Success

21. It is defined as continuous process, repetitive, and competitive process of setting the goals and objectives that an
organization aims to attain.

22. It generates blueprint

30. Why is there a need for strategic planning?

31. Is an inspirational statement of what the organization hopes to achieve at some point in the future.

32. It defines the current purpose of an organization…

34. It is macro and represents the overall vision of an organization.

35. Properties of goals

36. Are guided by values, which vary from one organization to another.

[37.] Are inherent roots of motivation within an individual, an organization, a community, or a nation.?

37.[38.] Values are generally exhibited in two different ways, namely..?

38.[39.] ___________ are cognitive manifestations while, __________ are characteristically behavioral.

39.[40.] Is characteristically broader in scope; aside from values, it includes other variables such as the organization's
dreams, aspirations, interests, expectations, philosophies, as well as leadership and management styles and
ethical practices.

40.[41.] It denotes a wide range of social phenomena, including an organization's customary dress, language,
behavior, beliefs, values, symbols of status and authority, myths, ceremonies. It defined the identity of a
company.

41.[42.] Is often defined as the regular and repetitive pattern of attitudes and behavior

42. SOURCES OF STRATEGIC MANAGEMENT

QUIZ 2

1. It refers to the expertise, insight, and wisdom possessed by an entity it serves as a valuable guide to its journey
to becoming competitive.
2. It is the study and interpretation of the forces existing in the external and internal environments.
3. Example of external environment.
4. It covers competitors, suppliers, customers, stakeholders, culture, and the government.
5. It is carefully monitoring the surroundings with the end goal of ascertaining early indications of prospects and
challenges that may influence the organization's present and future plans.
6. It consists of the facts and data used by organizations to assist them in achieving their vision, mission, and goals.
It can be drawn from both external and competitive environments.
7. ___________ are gathered through personal experience, observation, and experimentation while, ___________
are data collected from reports, internet sources, and other published materials.
8. Two processes of scanning the environment
9. Simply viewing; and searching for information.
10. 4 ways of environmental scanning.
11. The individual is exposed to information with no specific informational need in mind. The sources of information
are wide-ranging and large chunks of information are quickly dropped from the individual's attention.
12. The individual directs viewing of information to specified facts and data to be able to assess their general impact
on the organization. It is not an active search but a mere viewing of information.
13. The individual actively looks for information to increase knowledge of a particular issue.
14. The effort exerted by the individual is deliberate and planned. The search both focused and structured and the
research methodology is clearly enumerated and followed.
15. Is a structured assessment tool used to evaluate an organization, industry a place or even a person in terms of
set parameters like strengths, weaknesses, opportunities and threats.
16. Credited to Albert Humphrey in 1960, the SWOT matrix classifies strengths and weaknesses as internal
dynamics characterizing an organization and threats and opportunities as external influences to the
organization. (NOTES!)
17. Are features that organizations possess, thus giving it significant advantage over others.
18. Are characteristics that place organizations at a disadvantage relative to others, and may just be limitations of
vulnerabilities of organizations.
19. Are possibilities in the external environment that organizations can exploit to their advantage.
20. Are challenges in the external environment that can cause problems to organizations.
21. It refers to important issues that are characteristic of global and local societies.
22. It refers to the network of social institutions that includes the family and the community.
23. Is one of the basic institutions of a social organization.
24. Is the urgent call of the global neighborhood.
25. The analysis of the external environment is referred to PEST.

26. What is Environmental Scanning and why do we need to conduct it?

27. What are the two sources of strategic management? Give them an example.

28. Differentiate the Strategic Management and Strategic Planning

29. Explain why the business is dynamic.