What is the cornerstone of effective strategy evaluation?
Adequate and timely feedback
Quality and quantity of managers
Smaller ratio of top- to lower-level management
Evaluation preceding implementation stage
Punitive corrective actions
If success for one organizational department means failure for another department, then
synergistic
advantageous
trendy
feasible
inconsistent
All of the following are reasons strategy evaluation is more difficult today EXCEPT
a dramatic increase in the environment's complexity.
the increasing number of variables.
the increase in the number of both domestic and world events affecting organizations
the increasing time span for which planning can be done with any degree of certainty.
the rapid rate of obsolescence of even the best plans.
Strategy-evaluation activities should ideally be performed
just on a periodic basis.
only at the onset of a problem.
on a continuous basis
solely upon completion of major projects.
annually only.
Corrective actions are almost always ________ except when external and internal factors have not significantly changed and the firm is progressing satisfactorily toward achieving stated objectives.
unnecessary
needed
undesirable
prohibitively expensive
futile
Which of the following is NOT included in measuring organizational performance?
Comparing results to competitors' expectations
Examining progress being made toward meeting stated objectives
Investigating deviations from plans
Evaluating individual performance
Comparing expected results to actual results
Financial ratios are used to compare a firm's performance over different time periods, to compare the firm's performance to industry averages, and to compare a firm's performance with
overall business standards
projected goals.
the performance of suppliers
non-financial ratios
the performance of competitors.
Research suggests that which of the following is one of the best ways to overcome individuals' resistance to change in strategy evaluation?
Participation
Command-and-control
Laissez-faire system
Rational argument
Emotional reactions
________ plans can be defined as alternative plans that can be put into effect if certain key events do not occur as expected.
Agile
Scenario
Evaluation
Contingency
Forecast
