Fundamentals of Strategic Thinking
Authored by Lehrstuhl König SMIE
Science
University
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
According to Rumelt (2011), what is the essence of a good strategy?
It urges us to pursue specific financial goals
It urges us to focus and coordinate efforts
It urges us to craft a vision
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which element of the kernel of good strategy includes "deciding under uncertainty and complexity"?
Guiding policy
Concentration of effort on leverage points
Coordination of efforts and coherent actions
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is not one of the key characteristics of strategy?
Strategy can be either deliberate or emergent
Strategy is about rational choices under certainty
Strategy includes a focus on an external market
4.
MULTIPLE SELECT QUESTION
1 min • 3 pts
Porter (1996) deals with what constitutes a strategy. What contributes to a successful strategy?
Making clear trade-offs and tightening strategic fit
Defining a unique position and reinforcing and extending this position
Showing discipline and continuity
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
According to Porter (1996), competitive strategy is about...
...being different from other companies to deliver a unique mix of value.
...constant improvement in operational effectiveness in order to shift the productivity frontier outwards.
... doing more benchmarking and analyses than other companies.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Applying the Strategy Stack, the three key elements of strategic decision-making are:
Criteria, trade-offs, choices
Options, choices, implementation
Dimensions, options, criteria
7.
MULTIPLE SELECT QUESTION
1 min • 2 pts
Options as key elements of the Strategy Stack are...
... reflections of the unbiased rationality of the strategic leader.
... an array of various alternatives to solve a given problem.
... subject to trade-offs that decision-makers must consider.
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