Gen Man Organisational Strategy Quiz

What are the three distinct categories of organisational strategy?

• Primary, Secondary, Tertiary

• Corporate, Business, Functional

• Strategic, Tactical, Operational

• Long-term, Short-term, Medium-term

Which of the following is NOT a common corporate level strategy?

• Rebranding

• Concentration

• Diversification

• Liquidation

What is the main focus of business level strategy?

• Long-term financial planning

• Linking corporate and functional strategies

• Specific departmental actions

• Broad organisational goals

Which of the following is a characteristic of functional level strategy?

• Broad in scope

• Complex

• Very detailed

• Geared toward main goals

What is a common reason for strategy failure?

• Creating a reasonable timeline

• Allocating sufficient resources

• Establishing a clear understanding

• Not monitoring progress

(Bonus) Which Module are we now on?

• Module 1

• Module 6

• Module 5

• Module 4

Which of the following is NOT a key element of a strategic plan?

• Core values

• Market analysis

• Vision statement

• Mission statement

What should be included in the evaluation of a strategic plan?

• Creating reports to highlight results

• Setting new goals

• Changing the mission statement

• Increasing the marketing budget

What is the difference between strategy and tactics?

• Strategy is about actions; tactics are about goals

• Strategy is complex; tactics are simple

• Strategy is focused on the destination; tactics are on actions

• Strategy is short-term; tactics are long-term

What is the purpose of a mission statement?

• To outline the company's financial goals

• To define the organisation's purpose

• To describe the company's products

• To set the marketing budget