1. A firm may change its strategy as a response to a change in the environment.
True
False
2. An organization’s weaknesses are derived from its set of resources.
True
False
3. Implementation issues should be considered before a decision to adopt a strategy is made.
True
False
4. In the context of the SW/OT matrix, opportunities and alternatives are often synonymous.
True
False
5. Opportunities and threats are associated with factors outside the organization.
True
False
6. Organizational resources include the experience, capabilities, knowledge, skills, and judgment of all the firm’s employees.
True
False
7. Organizational strengths are derived from earlier assessment of the environment.
True
False
8. Physical resources include the firm’s systems and processes, including its strategies, structure, culture, financial base, research and development, marketing, information systems, and control systems.
True
False
9. Research suggests that strategic alternatives most likely to lead to success are defensive in nature.
True
False
10. Strategic alternatives
should always be evaluated.
should always be adopted.
emanate from creative managers.
All of the above.