Question 1

A useful way to prioritize the list of issues in the SWOT analysis is to categorize the issues using an A-B-C system. The A category refers to issues that are

Accepted Answer

A)  Examples of best practice 
B)  Difficult to predict 
C)  Weak signals 
D)  Crucial to competitive advantage 
A)  Examples of best practice 
B)  Difficult to predict 
C)  Weak signals 
D)  Crucial to competitive advantage

Question 2

The well known work of Alfred Chandler which demonstrates the link between strategy and organizational structure is from which school of thought

Accepted Answer

A)  Mechanistic 
B)  Innovative 
C)  Emergent 
D)  Classical 
A)  Mechanistic 
B)  Innovative 
C)  Emergent 
D)  Classical

Question 3

Explain what is meant by the 'classical' approach to strategy?

Accepted Answer

Also known as rational view, prescriptiv

Question 4

In constructing a SWOT analysis, which of the following issues are likely to be considered weaknesses

Accepted Answer

A)  Social and political factors in the macro environment 
B)  A new competitor entering the industry 
C)  A simple process design 
D)  High staff turnover 
A)  Social and political factors in the macro environment 
B)  A new competitor entering the industry 
C)  A simple process design 
D)  High staff turnover

Question 5

The institutional/social context is the broadest aspect of an organization's external environment.

Accepted Answer

A) True 
 B)False

Question 6

A leading UK retail bank has decided to close down some of its high street branches and invest more in its online banking service. This decision is strategic.

Accepted Answer

A) True 
 B)False

Question 7

Porter (1980) argues that competitive advantage comes from imitating industry leaders.

Accepted Answer

A) True 
 B)False

Question 8

The opportunities and threats in the SWOT analysis focuses on changes in the environment whereas Porter's Five Forces has been criticized as being a dynamic analysis.

Accepted Answer

A) True 
 B)False

Question 9

A typical, planned process of strategy formulation would normally start with an assessment of

Accepted Answer

A)  The internal environment 
B)  The external environment 
C)  The mission of the business 
D)  The stakeholders of the business 
A)  The internal environment 
B)  The external environment 
C)  The mission of the business 
D)  The stakeholders of the business

Question 10

Which if the following statements most closely describes the nature of strategic decisions?

Accepted Answer

A)  They result in plans that are executed by top management that influence the future survival of the organization 
B)  They are intended to deal with an uncertain future and have long-term implications 
C)  They are mainly concerned with organizing and allocating resources across different activities 
D)  They are intended to take the organization in new directions in order to cope with an uncertain future 
A)  They result in plans that are executed by top management that influence the future survival of the organization 
B)  They are intended to deal with an uncertain future and have long-term implications 
C)  They are mainly concerned with organizing and allocating resources across different activities 
D)  They are intended to take the organization in new directions in order to cope with an uncertain future

A useful way to prioritize the list of issues in the SWOT analysis is to categorize the issues using an A-B-C system. The A category refers to issues that are

The well known work of Alfred Chandler which demonstrates the link between strategy and organizational structure is from which school of thought

Explain what is meant by the 'classical' approach to strategy?

In constructing a SWOT analysis, which of the following issues are likely to be considered weaknesses

The institutional/social context is the broadest aspect of an organization's external environment.

A leading UK retail bank has decided to close down some of its high street branches and invest more in its online banking service. This decision is strategic.

Porter (1980) argues that competitive advantage comes from imitating industry leaders.

The opportunities and threats in the SWOT analysis focuses on changes in the environment whereas Porter's Five Forces has been criticized as being a dynamic analysis.

A typical, planned process of strategy formulation would normally start with an assessment of

Which if the following statements most closely describes the nature of strategic decisions?

Systems Model and Strategy Map

The Microeconomics of Strategy

The Macroeconomics of Strategy

Competitive Strategy: The Analysis of Strategic Position

Competitive Strategy: The Analysis of Strategic Capability

The Competitive Environment

Corporate Strategy: Adding Value in Multi-Business Firms

Global Strategies and International Advantage

Organisational Models and Approaches to Strategy

Risk, Uncertainty and Strategy

Strategic Decision Making: Process Analysis

Strategic Decision Making: Managing Strategic Change

Strategy As Knowledge: Innovation and Learning

Strategy and Corporate Governance

Analyzing and Measuring Strategic Performance

Filters

Exam 1: Introduction to Strategy

A useful way to prioritize the list of issues in the SWOT analysis is to categorize the issues using an A-B-C system. The A category refers to issues that are

The well known work of Alfred Chandler which demonstrates the link between strategy and organizational structure is from which school of thought

Explain what is meant by the 'classical' approach to strategy?

In constructing a SWOT analysis, which of the following issues are likely to be considered weaknesses

The institutional/social context is the broadest aspect of an organization's external environment.

A leading UK retail bank has decided to close down some of its high street branches and invest more in its online banking service. This decision is strategic.

Porter (1980) argues that competitive advantage comes from imitating industry leaders.

The opportunities and threats in the SWOT analysis focuses on changes in the environment whereas Porter's Five Forces has been criticized as being a dynamic analysis.

A typical, planned process of strategy formulation would normally start with an assessment of

Which if the following statements most closely describes the nature of strategic decisions?

Systems Model and Strategy Map

The Microeconomics of Strategy

The Macroeconomics of Strategy

Competitive Strategy: The Analysis of Strategic Position

Competitive Strategy: The Analysis of Strategic Capability

The Competitive Environment

Corporate Strategy: Adding Value in Multi-Business Firms

Global Strategies and International Advantage

Organisational Models and Approaches to Strategy

Risk, Uncertainty and Strategy

Strategic Decision Making: Process Analysis

Strategic Decision Making: Managing Strategic Change

Strategy As Knowledge: Innovation and Learning

Strategy and Corporate Governance

Analyzing and Measuring Strategic Performance

Filters