GROUP 1 QUIZ

Strategic analysis is based on feelings and instincts.

• True

• False

Intuitive thinking is usually slower and more data-driven than strategic analysis.

• True

• False

SWOT analysis helps a company understand its strengths, weaknesses, opportunities, and threats.

• True

• False

Answer explanation

The 5-step process of strategic analysis involves setting goals, analyzing the outside world, analyzing the inside world, creating options, and making a decision.

• True

• False

Strategic analysis is based on facts, data, and planning.

• True

• False

Intuitive thinking can be helpful when there’s not enough time or data for careful analysis.

• True

• False

In the SWOT analysis, 'Threats' refer to internal problems within the company.

• True

• False

Intuitive thinking is based on gut feelings, experiences, and quick decision-making.

• True

• False

Personal networks are not relevant in intuitive thinking, as they are not based on emotions or past experiences.

• True

• False

Strategic analysis and intuitive thinking are mutually exclusive, meaning a company should choose one or the other.

• True

• False