SU MBA6999 Week 5 Knowledge Check

Question 1 Almost every textbook on strategy starts by emphasizing the need to establish a firm's mission or vision.

Question 1 options:

True                      

False     

Question 2 In a new company, the entrepreneur who is organizing the company has some clear mission in mind that sets the original strategic direction.

Question 2 options:

True                      

False     

Question 3 In the twenty first century, a visionary leader only needs to worry about maintaining the current product line.

Question 3 options:

True                      

False     

Question 4 When new competitors appear with an appealing product or solution, customers are the entity that desires change.

Question 4 options:

True                      

False     

Question 5 When firms cannot beat current competitors in today's markets, top management has to provide the resources to create incentives and control systems to see that both goals are pursued.

Question 5 options:

True                      

False