AI in Strategic Management Quiz

What is the primary focus of AI in strategic management as introduced in the video?

• Increasing product diversity

• Developing new marketing strategies

• Improving decision-making and operational efficiency

• Enhancing customer service

How does Amazon use AI for predictive analytics?

• To forecast product demand and optimize inventory

• To create new product designs

• To enhance customer service interactions

• To develop marketing campaigns

Which company uses AI to analyze vast data sets for market research?

• Google

• Microsoft

• Apple

• Facebook

What is one of the benefits of AI in scenario planning and simulation?

• It increases marketing reach

• It helps assess potential outcomes and risks

• It allows for the creation of new business models

• It reduces the need for human resources

How does Telstra benefit from integrating AI into its operations?

• By reducing employee turnover

• By increasing its market share

• By developing new products

• By simplifying processes and enhancing data utilization

What is a key advantage of AI in process automation?

• It limits the scalability of projects

• It complicates strategic initiatives

• It increases the number of employees needed

• It reduces operational costs and enhances productivity

How does Amazon Web Services use AI for resource allocation?

• By optimizing resource distribution to support strategic growth

• By reducing the number of employees

• By developing new AI software

• By increasing the number of data centers

What role does AI play in recruitment and talent acquisition?

• It decreases the number of applicants

• It automates resume screening and matches candidates to roles

• It complicates the hiring process

• It increases the time to hire

Which company uses AI to identify skill gaps and recommend training programs?

• Johnson & Johnson

• Facebook

• Microsoft

• Google

What is a benefit of AI in employee development and retention?

• It reduces the need for training programs

• It fosters career growth and increases retention rates

• It limits employee promotions

• It complicates workforce planning