Strategic Decision-Making Quiz

What is the main focus of strategic decision-making?

• Short-term profit maximization

• Employee satisfaction

• Daily operational tasks

• Aligning with long-term goals

Which of the following is the first step in the strategic decision-making process?

• Implementing the decision

• Gathering information

• Identifying the problem or opportunity

• Evaluating alternatives

What was the critical opportunity identified by Netflix that led to a strategic decision?

• Transitioning to streaming

• Expanding DVD rental services

• Partnering with cable networks

• Entering the gaming industry

Before launching the iPhone, what did Apple focus on?

• Creating a device combining communication, entertainment, and computing

• Developing a new operating system

• Expanding its computer line

• Entering the gaming market

What was Toyota's strategic decision in the 1990s?

• Investing in electric vehicles

• Investing in hybrid technology

• Expanding into the European market

• Focusing on luxury cars

What was Amazon's strategic move in the cloud computing market?

• Developing a new search engine

• Entering the cloud computing market with AWS

• Acquiring a major competitor

• Focusing on physical retail stores

What was Steve Jobs' transformative decision for Apple in 2007?

• Expanding the iPod line

• Entering the smartphone market with the iPhone

• Focusing on desktop computers

• Partnering with Microsoft

What strategic shift did Satya Nadella implement at Microsoft?

• Focusing solely on Windows

• Acquiring social media platforms

• Expanding into hardware manufacturing

• Pivoting to cloud services with Azure

What is a key component of strategic decision-making?

• Long-term impact assessment

• Immediate financial gain

• Employee training programs

• Daily operational efficiency

What is the final step in the strategic decision-making process?

• Identifying opportunities

• Gathering information

• Evaluating alternatives

• Implementing and monitoring the decision