This work book belongs to:

Date: _____________
Rating:__________

Score:___________

KOLEHIYO NG LUNGSOD NG LIPA

Marawoy, Lipa City, Batangas 4217

Strategic Management Readiness Assessment

A readiness assessment will be administered to determine students
understanding of key terms with consideration of the learning experience
related to Strategic Management. This will also define the approach and
instruction appropriate in the conduct of the lectures. Moreover, it will
facilitate a comprehensive discussion on the key terms , its importance and
relation to Strategic Management .
1. Strategic Management is all about gaining and maintaining
Competitive Advantage. What is Competitive Advantage?
a. Anything that a firm does well compared to rival firms
b. Less fixed assets than rival companies can also provide a major
competitive advantage
c. Developing strategies aligned to the changes in the external
environment
d. All of the above
2. The Strategist are individuals who are responsible for the success and
failure of an organization. Who are the strategist ?
a. Chief executive officer
b. Owner
c. Chairman of the board
d. Manager
e. All of the above
3. Which of the following is an example of a Vision Statement?
a. To improve peoples lives through innovation, research and patient
care (Ohio State University)
b. To create a technology solution for forward-thinking organization
(Siera Technology Solutions)
c. To organize the worlds information and make it universally
accessible and useful (Google)
d. We shall build good ships here-at a profit if we can at a loss if we
must but always good ships (Newport News Shipping )
e. All of the above
f. None of the above
4. A mission statement must be
a. inspiring
b. broad in scope
Page | 2

KOLEHIYO NG LUNGSOD NG LIPA

Marawoy, Lipa City, Batangas 4217

c. less than 250 words in length

d. all of the above
5. Internal strength and Weakness may be derived from
a. Economic Forces
b. Cultural Forces
c. Demographic Forces
d. Technological Forces
e. None of the above
f. All of the above
6. Which of the following may be considered as External Opportunities and
Threats affecting firms?
a. Marketing trend using the Internet
b. Growth in revenues in the global markets
c. Unemployment rates
d. Slowdown in consumer spending
e. All of the above
f. None of the above
7. Long term objective are essential to an organizations success. Therefore it
must be:
a. Specific
b. Measurable
c. Attainable
d. Realistic
e. Timely
f. All of the above
g. None of the above
8. Strategies are
a. the means by which short term objectives are achieved
b. actions that requires human resource action
c. past oriented
d. done with consideration of the internal environment only
e. all of the above
f. none of the above
9. Policies may also be called
a. Guidelines
b. Rules
c. Procedure
d. All of the above
e. None of the above
10. The areas in which a corporation might establish its annual objective are:
Page | 3

KOLEHIYO NG LUNGSOD NG LIPA

Marawoy, Lipa City, Batangas 4217

a.
b.
c.
d.
e.
f.

Profitability (net profits)

Efficiency (low costs, etc)
Utilization of resources
Reputation (being considered a top firm)
All of the above
None of the above

Direction: Answer the following question by writing the best letter of your choice
1.
2.
3.
4.
5.

_________________
_________________
_________________
_________________
_________________
Readiness Rating
Ready
Almost Ready
Not yet Ready

6. _________________
7. _________________
8. _________________
9. _________________
10. ________________
Score
8-10
5-7
1-4

Page | 4