REVISIÓN 2: STRATEGIC ISSUES

What are strategic issues?

• Strategic issues are minor problems that can be easily resolved.
• Strategic issues refer to daily operational tasks within an organization.
• Strategic issues are critical challenges or opportunities that impact an organization's long-term objectives.
• Strategic issues are only relevant to the finance department.

What is the primary purpose of strategic planning in an organization?

• To increase employee turnover.
• To minimize operational costs without strategy.
• To define direction and allocate resources effectively.
• To enhance customer dissatisfaction.

Which of the following is considered a strategic issue in a company?

• Market competition and resource allocation.
• Annual holiday parties
• Office decoration choices
• Employee satisfaction surveys

What is a SWOT analysis used for in strategic decision-making?

• To determine the company's annual budget.
• To analyze customer satisfaction surveys.
• To assess internal and external factors influencing strategic decisions.
• To evaluate employee performance metrics.

Which of the following is a key factor in addressing strategic issues in an organization?

• Effective communication
• Rigid hierarchy
• Ignoring feedback
• Lack of planning

Which type of strategy focuses on expanding market reach and increasing product offerings?

• Cost-cutting strategy
• Diversification strategy
• Stability strategy
• Growth strategy

Which of the following best describes a “competitive advantage” in strategic terms?

• A strategy to reduce costs without improving quality.
• A method to increase market share through aggressive pricing.
• Attributes that allow an organization to outperform its competitors.
• A plan to enhance customer service without changing product offerings.

Which of these is a common challenge faced when aligning organizational strategy with day-to-day operations?

• Overly detailed operational procedures.
• Lack of communication and understanding of strategic goals.
• Excessive focus on short-term profits.
• Strong alignment of all departments with no issues.

In the context of strategic issues, what does “market positioning” refer to?

• Market positioning is the strategy of defining how a brand or product is perceived in relation to competitors in the market.
• Market positioning is the process of increasing product prices.
• Market positioning refers to the geographical location of a business.
• Market positioning is about the physical layout of a store.

Which of the following is a risk of not addressing strategic issues in a timely manner?

• Increased market share and business expansion.
• Enhanced brand loyalty and customer satisfaction.
• Increased competition and potential financial losses.
• Improved employee morale and productivity.