Complete the mcq:
1. Why is doing strategic planning so difficult?
People seldom agree on where the company stands right now and how it is performing because they are biased, have a limited perspective, and often have personal or hidden agendas, that is, politics gets in the way of candor and truth
Information the company and its people possess is incomplete, dated, often inaccurate, and sometimes not useful, while the information they most need is often unavailable
The planning horizon is typically three to five years into the future, a future that is unknown, ambiguous, and changing before our very eyes
It takes too much effort, time, and money, and besides, "the company is doing fine"
All of the above
2. Which of the following is not a concentration strategy?
Develop innovative products
Invest in developing a new technology
Acquire a company in another industry
Expand internationally
Conglomerate-diversification strategy
3. Vision statements that include a timeframe in which the vision might be achieved are more useful than those that don't.
True
False
4. Which of the following is a good reason to have a formal set of corporate values?
It helps earn the public trust
It communicates to all employees how to behave
It fosters loyalty in consumers
It develops a culture based on those values
All of the above
5. Which of the following is not a key personality trait of leadership?
Being visionary
Having strong moral and ethical principles
Humility
Being liked
Having integrity
6. Every company that does business in the US must have its financial statements audited.
True
False
7. Mergers and acquisitions are the same.
True
False
8. A company's purpose is its vision statement.
True
False
9. Which of the following is not regulated?
Education
Electric utilities
Computers
Prescription drugs
Airline safety
10. A company's publicly stated underlying purpose has value because it:
Motivates employees
Attracts the right kind of person to want to work for the company
Generates positive public relations
Expresses values with which employees identify
All of the above