Question 1

The value chain of an organisation:

Accepted Answer

A) includes only those activities that are profitable 
B) is determined by what competitors choose not to do 
C) is the set of activities that the organisation undertakes or organises to deliver the product to the customer 
D) is determined by collaborating firms such that value-adding activities are arranged in a chain of value creation between collaborators 
A) includes only those activities that are profitable 
B) is determined by what competitors choose not to do 
C) is the set of activities that the organisation undertakes or organises to deliver the product to the customer 
D) is determined by collaborating firms such that value-adding activities are arranged in a chain of value creation between collaborators

Question 2

The function(s)of key stakeholders is/are to:

Accepted Answer

A) constitute the effective corporate governance of the company 
B) influence the major decisions the company will make 
C) determine the current and future strategy of the company 
D) all of the above 
A) constitute the effective corporate governance of the company 
B) influence the major decisions the company will make 
C) determine the current and future strategy of the company 
D) all of the above

Question 3

Tests for a good business strategy do NOT include the requirement that the strategy:

Accepted Answer

A) creates value for customers 
B) will confuse competitors 
C) is unique compared with competitors 
D) is enduring 
A) creates value for customers 
B) will confuse competitors 
C) is unique compared with competitors 
D) is enduring

Question 4

Strategic analysis is not concerned with the current or existing business strategy.

Accepted Answer

A) True 
 B)False

Question 5

In the shareholder value/value-based management theory,management seeks to maximise:

Accepted Answer

A) market share 
B) value for the shareholders 
C) their retirement benefits 
D) prices in the marketplace 
A) market share 
B) value for the shareholders 
C) their retirement benefits 
D) prices in the marketplace

Question 6

Which of the following statements is true regarding an organisation's vision statement?

Accepted Answer

A) The vision statement should be focused on an organisation's short-term strategic position. 
B) The vision statement should be all-purpose or generic. 
C) The vision statement should be focused on the company's most outstanding past achievements. 
D) The vision statement should be memorable and enduring. 
A) The vision statement should be focused on an organisation's short-term strategic position. 
B) The vision statement should be all-purpose or generic. 
C) The vision statement should be focused on the company's most outstanding past achievements. 
D) The vision statement should be memorable and enduring.

Question 7

Only private sector organisations develop strategies.

Accepted Answer

A) True 
 B)False

Question 8

A mission statement is a statement that:

Accepted Answer

A) should be used instead of a vision statement 
B) was always different from the vision statement 
C) over time,became commonly focused on mundane matters 
D) operationalises the vision statement for the current business situation 
A) should be used instead of a vision statement 
B) was always different from the vision statement 
C) over time,became commonly focused on mundane matters 
D) operationalises the vision statement for the current business situation

Question 9

A vision statement is a succinct statement that identifies long-term strategic purpose of the organisation.

Accepted Answer

A) True 
 B)False

Question 10

Why is it difficult to identify the existing business strategy of an organisation? Discuss.

Accepted Answer

It may often be difficult to identify th

Question 11

Reasons why business strategy may be misunderstood within an organisation do NOT include:

Accepted Answer

A) employees may not be interested in the business strategy 
B) employees may not understand the business strategy 
C) employees may not be convinced that the business strategy is right 
D) employees may get mixed messages from a variety of managers 
A) employees may not be interested in the business strategy 
B) employees may not understand the business strategy 
C) employees may not be convinced that the business strategy is right 
D) employees may get mixed messages from a variety of managers

Question 12

Explain the difference in strategies in the public sector between policy-direction setters and transformers.Use at least one example of each in your answer.

Accepted Answer

Policy-direction setters,like the Depart

Question 13

According to Kim and Mauborgne,there are four utility levers.

Accepted Answer

A) True 
 B)False

Question 14

What are the features of a good 'vision statement'? Explain.

Accepted Answer

A vision statement is a statement that i

Question 15

What is a value proposition for customers and what is it based on?

Accepted Answer

In any market,there will be different se

Question 16

Typical 'stakeholders' of an organisation do not include its:

Accepted Answer

A) employees 
B) board of directors 
C) suppliers 
D) World Trade Organization 
A) employees 
B) board of directors 
C) suppliers 
D) World Trade Organization

Question 17

A 'demand side' perspective refers to the overall demand for a particular product or service.

Accepted Answer

A) True 
 B)False

Question 18

Identifying the current business strategy of an organisation is not always easy.

Accepted Answer

A) True 
 B)False

Question 19

'Does the organisation plan to grow?' is an unnecessary first question of business strategy.

Accepted Answer

A) True 
 B)False

Question 20

What are some of the reasons why employees,who understand a company's strategy,might not assist with implementing it?

Accepted Answer

Employees who understand a strategy may

The value chain of an organisation:

The function(s)of key stakeholders is/are to:

Tests for a good business strategy do NOT include the requirement that the strategy:

Strategic analysis is not concerned with the current or existing business strategy.

In the shareholder value/value-based management theory,management seeks to maximise:

Which of the following statements is true regarding an organisation's vision statement?

Only private sector organisations develop strategies.

A mission statement is a statement that:

A vision statement is a succinct statement that identifies long-term strategic purpose of the organisation.

Why is it difficult to identify the existing business strategy of an organisation? Discuss.

Reasons why business strategy may be misunderstood within an organisation do NOT include:

Explain the difference in strategies in the public sector between policy-direction setters and transformers.Use at least one example of each in your answer.

According to Kim and Mauborgne,there are four utility levers.

What are the features of a good 'vision statement'? Explain.

What is a value proposition for customers and what is it based on?

Typical 'stakeholders' of an organisation do not include its:

A 'demand side' perspective refers to the overall demand for a particular product or service.

Identifying the current business strategy of an organisation is not always easy.

'Does the organisation plan to grow?' is an unnecessary first question of business strategy.

What are some of the reasons why employees,who understand a company's strategy,might not assist with implementing it?

What Is Strategy

Analysing the External Environment

Analysing the External Environment

Measuring Strategic Organisation Performance

GAP Analysis and Business-Level Strategic Options

Strategic Decision-Making

Dynamic Competitive Strategy

Corporatemulti-Business Strategy

Acquisitions and Alliances

International Strategy

Capabilities, Systems and Structure

Leadership, People and Culture

Change Management

Filters

Exam 2: Analysing Business Strategy: Creating Value

The value chain of an organisation:

The function(s)of key stakeholders is/are to:

Tests for a good business strategy do NOT include the requirement that the strategy:

Strategic analysis is not concerned with the current or existing business strategy.

In the shareholder value/value-based management theory,management seeks to maximise:

Which of the following statements is true regarding an organisation's vision statement?

Only private sector organisations develop strategies.

A mission statement is a statement that:

A vision statement is a succinct statement that identifies long-term strategic purpose of the organisation.

Why is it difficult to identify the existing business strategy of an organisation? Discuss.

Reasons why business strategy may be misunderstood within an organisation do NOT include:

Explain the difference in strategies in the public sector between policy-direction setters and transformers.Use at least one example of each in your answer.

According to Kim and Mauborgne,there are four utility levers.

What are the features of a good 'vision statement'? Explain.

What is a value proposition for customers and what is it based on?

Typical 'stakeholders' of an organisation do not include its:

A 'demand side' perspective refers to the overall demand for a particular product or service.

Identifying the current business strategy of an organisation is not always easy.

'Does the organisation plan to grow?' is an unnecessary first question of business strategy.

What are some of the reasons why employees,who understand a company's strategy,might not assist with implementing it?

What Is Strategy

Analysing the External Environment

Analysing the External Environment

Measuring Strategic Organisation Performance

GAP Analysis and Business-Level Strategic Options

Strategic Decision-Making

Dynamic Competitive Strategy

Corporatemulti-Business Strategy

Acquisitions and Alliances

International Strategy

Capabilities, Systems and Structure

Leadership, People and Culture

Change Management

Filters