Mintzberg's Notion of "Crafting" Strategies

question 16

Multiple Choice

Mintzberg's notion of "crafting" strategies

• A) is consistent with the view that strategic management is more a science than an art.
• B) contends that firms need to assess their environments, do research, evaluate alternatives, analyze, and then choose a course of action.
• C) suggests that strategic decision making be based primarily on holistic thinking, intuition, creativity, and imagination.
• D) reject strategies that result from subjective imagination in favor of objective analysis.
• E) insists on formality.

Recognize the role of expert knowledge in driving creativity.

Comprehend the significance and impact of group creativity.

Identify practices that undermine creativity in the workplace.

Understand the influence of self-perception on creativity.

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Definitions:

Stock Of Wealth

Refers to the total value of all assets owned by an individual, a company, or a country at a given point in time, excluding liabilities.

Intermediate Goods

Products used in the production process to make other goods and services but not sold directly to consumers.

Manufacture

The process of converting raw materials into finished goods through the use of labor, machines, and chemical processes.

Gross Domestic Product

The total value of all goods and services produced within a country in a specific time period.