Name: ___________________________ Time: _______________ Total: _________
(1) Which of the following is not a strategy company usually considers?
b. Business Strategy
c. Functional Strategy
d. Innovation Strategy
(2) Recall that in the Basic Model of Strategic Management, there are four basic elements. Which one is the development of long-range plans for the effective management of environmental opportunities and threats?
b. Strategy formulation
c. Strategy implementation
d. Evaluation and control
（3）True or False: Strategic decisions deal with short term needs of an entire organization.
（4）It is crucial that we understand the steps involved in strategic decision making process in order to improve the process. Please rephrase to the best of your knowledge the steps involved in a rational approach to strategic decision making.