Strategic Supply Chain Management Quiz

What is the main focus of Strategic Supply Chain Management?

• Ignoring supplier relationships

• Minimizing customer service

• Balancing cost efficiency with market-driven service requirements

• Maximizing individual profits

What does SWOT analysis stand for in the context of strategic management?

• Strategy, Wealth, Organization, Time

• Strength, Weakness, Opportunity, Threat

• Sales, Workforce, Operations, Technology

• Success, Wisdom, Objectives, Teamwork

What is the purpose of Strategic Planning?

• To determine long-term objectives and strategies

• To create chaos within the organization

• To focus only on short-term goals

• To avoid any form of planning

What are the three levels of strategy within an organization?

• Basic, Intermediate, Advanced

• Corporate, Business, Operational

• Short-term, Medium-term, Long-term

• Simple, Complex, Elaborate

What does the BCG matrix focus on in strategic management?

• Market growth rate and relative market share

• Financial statements and revenue

• Employee satisfaction and retention

• Customer complaints and feedback

What is the main factor determining the threat of substitutes in Porter's five forces model?

• Advertising budget

• Market saturation

• Relative price/performance

• Number of employees

What is the primary goal of Strategic Implementation?

• To translate chosen strategy into organizational action

• To create confusion within the organization

• To avoid executing strategic plans

• To focus only on short-term objectives

What is the main challenge in strategy selection according to the text?

• Avoiding any form of risk

• Lack of strategic options

• Ignoring organizational capabilities

• Availability of financial resources

What does PESTLE analysis focus on in strategic management?

• Market segmentation

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

• Employee training

• Product development

What is the nature of Strategic Supply Chain Management according to the text?

• Does not require a strategic direction

• Ignores external environment

• Demands attention to the 'big picture' and rational assessment of future options

• Focused on short-term gains