Question : 31. Strategy formulation involves all but one of the following. Name : 1250975

31. Strategy formulation involves all but one of the following. Name the exception. 
A. Defining the firm’s mission and goals
B. Assessing the firm’s external opportunities and threats
C. Defining the firm’s organizational structure
D. Generating various strategic alternatives

The task of defining the firm’s organizational structure is an aspect of strategy implementation process.

32. The process that involves allocating resources, developing structures, hiring skilled employees, and developing appropriate reward systems is known as: 
A. strategy formulation.
B. strategy implementation.
C. strategic planning.
D. strategic management.

Strategy implementation is the process of devising structures and allocating resources to enact the strategy a company has chosen.

33. All of the following are strategy decisions about competition EXCEPT: 
A. How long to compete?
B. Where to compete?
C. How to compete?
D. With what to compete?

The strategy decisions consist of addressing the issues of where to compete, how to compete, and with what to compete to achieve the firm’s missions and goals.

34. Strategic decision makers often pay less attention to the _____ issue, resulting in poor strategic decisions. 
A. “when to compete”
B. “where to compete”
C. “how to compete”
D. “with what will we compete”

When firms make decisions without fully understanding what resources would be needed to compete in a particular market, they end up making poor strategic decisions.

35. In an organization, a strategic planning group consists of all but one of the following. Name the exception. 
A. Chief executive officer
B. Presidents
C. Regional business head
D. Chief financial officer

A firm’s strategic management decision-making process usually takes place at its top levels, with a strategic planning group consisting of the chief executive officer, the chief financial officer, the president, and various vice presidents.

36. _____ levels of integration seem to exist between the HRM function and the strategic management function. 
A. Two
B. Four
C. Five
D. Three

The four levels of integration are: administrative linkage, one-way linkage, two-way linkage, and integrative linkage.

37. Which is the lowest level of integration between the HRM function and the strategic management function? 
A. Administrative linkage
B. Two-way linkage
C. Integrative linkage
D. Executive linkage

In administrative linkage the HRM function’s attention is focused on day-to-day activities and is completely divorced from any component of the strategic management process in both strategy formulation and strategy implementation.

38. At which level of integration is HR’s attention and time focused solely on day-to-day activities? 
A. Administrative linkage
B. One-way linkage
C. Two-way linkage
D. Integrative linkage

In administrative linkage the HRM function’s attention is focused on day-to-day activities and is completely divorced from any component of the strategic management process in both strategy formulation and strategy implementation.

39. At which level of integration is the HR department simply engaged in regulatory work that is unrelated to the company’s core business needs? 
A. Administrative linkage
B. One-way linkage
C. Two-way linkage
D. Integrative linkage

In administrative linkage the HRM function’s attention is focused on day-to-day activities and is completely divorced from any component of the strategic management process in both strategy formulation and strategy implementation.

40. Which of the following often leads to strategic plans that the company cannot successfully implement? 
A. Congruent linkage
B. Integrative linkage
C. Two-way linkage
D. One-way linkage

In one-way linkage, the firm’s strategic business planning function develops the strategic plan and then informs the HRM function of the plan.