Are You Ready to Study? Measuring Accounting Students’ Understanding of Strategic Management Key Terms
Abstract
The objective of this study was to investigate level of understanding of strategic management key terms among students who registered in a strategic management course. A total of 189 accounting students from 6 batches were selected to participate in this study. A newly developed instrument called “strategic management key terms” measurement was employed to evaluate students’ understanding of key terms’ meaning. This instrument consisted of 11 key terms in management, which was normally used in a strategic management course. Findings revealed that the highest-frequency key termin strategic management selected “yes” was “goal” (ƒ= 170, 89.9%). The lowest-frequency key terms in strategic management chosen “no” comprised of two words: “mission” (ƒ= 20, 10.6%) and “business ecosystem” (ƒ= 20, 10.6%). Results of this study did not support the previous findings of a similar study in which term of “strategic management” was reported as the most understood terminology.
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