WorksheetsBusiness- Strategic Position (Understanding missions and aims)
Total questions: 10
Worksheet time: 5mins
What does the 'S' in SWOT analysis stand for?
Strengths
Strategy
Structure
Sequence
What should an effective and functional objective be?
BRIGHT
AGILE
SMART
CANNY
What does the 'T' in PESTLE stand for?
Tax
Tactics
Threats
Technology
Who decides the objectives in a business?
Stakeholders
The Queen
Shareholder
The employees
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Which of these is a tool used by companies to analyse the competition?
Tannenbaum-Schmidt Continuum
Porter's 5
Maslow's Hierarchy of Needs
Which of these definitions best describes a mission?
Long-term objectives
Targets that must be realised to achieve an aim
Short-term objectives
Qualitative statement of a business' aims
Which of these would most likely be a Secondary Objective?
Expand into 7 other countries within ten years
Produce 400 units in one day
Increase profits by 20% by next year
Expand the workforce by 10% within 6 monnths
Which of these DOESN'T describe a strategic objective?
Set by the Board of Directors
Likely to involve significant investment
Focus on long-term objectives
Relatively low risk
What is at the top of the 'Stategic Pyramid'?
Vision
Mission
Core values
SMART Goals
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