Strategic Control Techniques Quiz

What type of strategic control is used in relatively stable environments?

• Strategic leap control

• Strategic momentum control

• Strategic issue management

• Systems modeling

Which of the following is NOT one of the key techniques used in strategic momentum control?

• Responsibility control centers

• Underlying success factors

• Scenarios

• Generic strategies approach

What are the four types of responsibility control centers?

• Cost, production, revenue, profit

• Revenue, expense, profit, investment

• Marketing, operations, finance, HR

• Strategic, operational, tactical, functional

How does the Generic Strategies Approach help in strategic control?

• By comparing an organization's strategies with those of similar firms

• By identifying the organization’s mission statement

• By assessing financial performance

• By setting goals for employees

What is the main focus of Strategic Leap Control?

• Ensuring continued strategic momentum

• Adapting to unstable environments and making significant changes

• Monitoring short-term goals

• Maintaining operational efficiency

Which technique under Strategic Leap Control identifies and assesses issues that may impact organizational objectives?

• Strategic issue management

• Strategic field analysis

• Systems modeling

• Value chain analysis

What is the purpose of systems modeling in strategic control?

• To track employee performance

• To simulate organizational and environmental scenarios for better decision-making

• To establish industry benchmarks

• To optimize marketing campaigns

What is the primary benefit of scenario planning in strategic control?

• Reducing employee turnover

• Predicting potential future developments and their impact

• Increasing production speed

• Lowering operational costs

What does the VRIO framework assess?

• Value, rarity, inimitability, and organization of a firm’s capabilities

• Vision, resources, input, and output of a business

• Vital, rapid, innovative, and operational strategies

• Value, revenue, income, and operations

Which evaluation technique involves analyzing a firm's interrelated activities from production to marketing?

• Benchmarking

• Value chain analysis

• Quantitative analysis

• Systems modeling