Question 1

Strategy is solely about businesses and corporations.

Accepted Answer

A) True 
 B)False

Question 2

Modern strategic management is based directly on the writings of:

Accepted Answer

A) Sun Tzu 
B) Von Clauswitz 
C) Andrews,Ansoff,Christensen,Guth and Learned 
D) Michael Porter

Question 3

In the resource-based view of strategy,the set of conditions leading to sustainable competitive advantage is that the organisation's resources are:

Accepted Answer

A) valuable,rare,imperfectly imitable and unique 
B) invaluable,common,imperfectly imitable and difficult to substitute 
C) valuable,common,perfectly imitable and difficult to substitute 
D) valuable,rare,imperfectly imitable and easy to substitute

Question 4

Performance of an organisation is based solely on financial performance.

Accepted Answer

A) True 
 B)False

Question 5

De Geus argued that the main reason most organisations did not survive for very long was that they had:

Accepted Answer

A) limited experience 
B) poorly trained employees 
C) outdated technology 
D) a learning disability

Question 6

Should strategy development be the exclusive task of the CEO? Evaluate.

Accepted Answer

The answer of Should strategy development be the exclusive task...

Question 7

The Chinese have a word - guanxi - that relates to the importance of relationships,reciprocity and connections in getting business done.

Accepted Answer

A) True 
 B)False

Question 8

The first model of strategy developed at Harvard Business School proposed an exclusive role for the CEO.

Accepted Answer

A) True 
 B)False

Question 9

Which of the following is the most likely factor to be unique to each country and affects the opportunities available to organisations originating in that particular country?

Accepted Answer

A) Individual/national values 
B) Limited capital markets 
C) Central role of government 
D) Small local markets

Question 10

Hubbard,Rice and Galvin state that the essential question in strategy is why do some organisations:

Accepted Answer

A) seem luckier than others 
B) maintain their competitive edge longer than others 
C) perform better than others 
D) have better CEOs and employees than others

Question 11

The balanced scorecard approach assesses organisational performance relative to:

Accepted Answer

A) external consistency of business strategy 
B) achievement of business strategy 
C) capabilities of the organisation 
D) expectations of the key stakeholders 
E) all of the above

Question 12

One view to explain why strategy might be different in countries with smaller economies is that separate sets of values and rules for different countries or geographic regions are simply due to each being at a different stage of transition to Western capitalism.

Accepted Answer

A) True 
 B)False

Question 13

The Boston Consulting Group (BCG)developed a 2 x 2 business portfolio matrix.

Accepted Answer

A) True 
 B)False

Question 14

In 1985 Michael Porter suggested three generic strategies:

Accepted Answer

A) low delivered cost,differentiation and focus 
B) low price,differentiation and focus 
C) low production cost,high quality and focus 
D) low cost,differentiation and targeting

Question 15

It is NOT an assumption of organisational theory that:

Accepted Answer

A) the fundamental unit of analysis is the individual 
B) individuals have different attitudes due to environment and heredity 
C) organisational characteristics influence individual behaviour 
D) organisational goals arise from interactions between it and individuals

Question 16

Why are the differences between strategies of organisations in small economy countries compared with large economy countries?

Accepted Answer

The answer of Why are the differences between strategies of...

Question 17

The acronym ESC in 'ESC gap analysis model' stands for:

Accepted Answer

A) environmentally sustainable capability 
B) economics-sociology-culture 
C) environment-strategy-capacity 
D) environment-strategy-capability

Question 18

In the business strategy model proposed by Hubbard,Rice and Galvin:

Accepted Answer

A) performance assessment comes before performance measurement 
B) performance comes before implementation 
C) implementation comes after gap analysis 
D) decision-making comes after performance

Question 19

Cooperative strategy envisages groups of firms competing with one another.

Accepted Answer

A) True 
 B)False

Question 20

The three levels of strategy are essential for:

Accepted Answer

A) all types of organisations 
B) only large firms 
C) multi-business organisations 
D) global organisations only

Exam 1: What Is Strategy

Strategy is solely about businesses and corporations.

Modern strategic management is based directly on the writings of:

In the resource-based view of strategy,the set of conditions leading to sustainable competitive advantage is that the organisation's resources are:

Performance of an organisation is based solely on financial performance.

De Geus argued that the main reason most organisations did not survive for very long was that they had:

Should strategy development be the exclusive task of the CEO? Evaluate.

The Chinese have a word - guanxi - that relates to the importance of relationships,reciprocity and connections in getting business done.

The first model of strategy developed at Harvard Business School proposed an exclusive role for the CEO.

Which of the following is the most likely factor to be unique to each country and affects the opportunities available to organisations originating in that particular country?

Hubbard,Rice and Galvin state that the essential question in strategy is why do some organisations:

The balanced scorecard approach assesses organisational performance relative to:

One view to explain why strategy might be different in countries with smaller economies is that separate sets of values and rules for different countries or geographic regions are simply due to each being at a different stage of transition to Western capitalism.

The Boston Consulting Group (BCG)developed a 2 x 2 business portfolio matrix.

In 1985 Michael Porter suggested three generic strategies:

It is NOT an assumption of organisational theory that:

Why are the differences between strategies of organisations in small economy countries compared with large economy countries?

The acronym ESC in 'ESC gap analysis model' stands for:

In the business strategy model proposed by Hubbard,Rice and Galvin:

Cooperative strategy envisages groups of firms competing with one another.

The three levels of strategy are essential for: