Strategic Management in Action 6th Edition By Mary A. Coulter – Test Bank

Strategic Management in Action 6th Edition By Mary A. Coulter – Test Bank

Strategic Management in Action, 6e (Coulter)

Chapter 3  Assessing Opportunities and Threats: Doing an External Analysis

1) An external analysis is the process of scanning and evaluating an organization’s various external environmental sectors to determine positive and negative trends that could impact organizational performance.

Answer:  TRUE

Diff: 1    Page Ref: 56

Topic:  Describe What an External Analysis Is

AACSB:  Analytical Skills

Objective:  Explain how to evaluate a firm’s external environment

2) Threats are positive external environmental trends or changes that will help the organization improve its performance.

Answer:  FALSE

Diff: 2    Page Ref: 57

Topic:  Describe What an External Analysis Is

AACSB:  Analytical Skills

Objective:  Explain how to evaluate a firm’s external environment

3) Opportunities are positive external environmental trends or changes that may help the organization improve its performance.

Answer:  TRUE

Diff: 2    Page Ref: 56

Topic:  Describe What an External Analysis Is

AACSB:  Analytical Skills

Objective:  Explain how to evaluate a firm’s external environment

4) Max Weber viewed organizations as open systems.

Answer:  FALSE

Diff: 2    Page Ref: 57

Topic:  Describe What an External Analysis Is

AACSB:  Analytical Skills

Objective:  Explain how to evaluate a firm’s external environment

5) An open system is one that interacts with and responds to its external environment.

Answer:  TRUE

Diff: 1    Page Ref: 57

Topic:  Describe What an External Analysis Is

AACSB:  Analytical Skills

Objective:  Explain how to evaluate a firm’s external environment