SM-Unit-II: Strategic Planning Quiz

Which framework is used to analyze the internal and external environment of an organization?

• PESTEL Framework

• Porters Five Force Framework

• Real-time Strategy Planning

• Competitive Analysis

What is the main purpose of SWOT analysis?

• To conduct competitive analysis

• To develop real-time strategy planning

• To identify internal strengths and weaknesses

• To analyze the competitive landscape

Which model focuses on the long-term goals and vision of an organization?

• Environmental Scanning

• Organic Model of Strategic Planning

• Competitive Analysis

• Porters Five Force Framework

What is the primary focus of the Real-time Strategy Planning approach?

• Immediate actions and responses

• Long-term goals and vision

• Internal strengths and weaknesses

• Competitive landscape analysis

Which tool is used to analyze the bargaining power of suppliers and buyers in an industry?

• PESTEL Framework

• Porters Five Force Framework

• Environmental Scanning

• Competitive Analysis

What is the main focus of the Organic Model of Strategic Planning?

• Long-term goals and vision

• Immediate actions and responses

• Internal strengths and weaknesses

• Competitive landscape analysis

Which approach emphasizes the need for continuous monitoring and adaptation of strategies?

• SWOT & PESTEL Framework

• Real-time Strategy Planning

• Strategy Development Processes

• Competitive Analysis

What is the main purpose of the Competitive Analysis process?

• To analyze the competitive landscape

• To develop real-time strategy planning

• To conduct environmental scanning

• To identify internal strengths and weaknesses

Which process involves the identification of strategic options and the evaluation of their feasibility?

• SWOT & PESTEL Framework

• Environmental Scanning

• Competitive Analysis

• Strategy Development Processes

What does PESTEL stand for in the PESTEL Framework?

• Porters Five Force Framework, Environmental Scanning, SWOT Analysis, Long-term goals

• Political, Economic, Social, Technological, Environmental, Legal

• Real-time Strategy Planning, Competitive Analysis, Strategy Development Processes, Immediate actions

• Organic Model of Strategic Planning, Internal strengths, Weaknesses, Competitive landscape