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WorksheetsStrategic Drift (Business A2)
Total questions: 15
Worksheet time: 1hrs 15mins
Fill in the blank. Strategic Drift occurs when the strategy of the business no longer matches the ___________ in which it operates
Environment
Five Forces
Stakeholders
Population
Select all the answers below for the reasons for Strategic Drift.
Failure to identify changes that occurring
Failure to react quickly enough
Management deny there is a problem
Complacency has set in
Which of the four phases of the Strategic Drift graph are missing: Incremental Change; Strategic Drift; Transformational Change or Demise
Flux
Expansion
Recession
Recovery
What phase of the Strategic Drift graph is characterised by management indecision and a significant gap between what the market expects and what a business is delivering?
Incremental Change
Strategic Drift
Flux
Transformational Change or Demise
What phase of the Strategic Drift graph is where there is little significant change between the external environment and the business?
Incremental Change
Strategic Drift
Flux
Transformational Change or Demise
What phase of the Strategic Drift graph is where things are starting to drift, the rate of change in the external environment is accelerating, and incremental changes are not enough?
Incremental Changes
Strategic Drift
Flux
Transformational Change or Demise
What phase of the Strategic Drift graph is where the business radically changes or the business fails?
Incremental Change
Strategic Drift
Flux
Transformational Change or Demise
Recession
Hiring a new CEO to implement a significant change programme is an example of which phase of the Strategic Drift graph?
Incremental Change
Strategic Drift
Flux
Transformational Change
In the Blockbuster-Netflix case study, what was the most important external change that Blockbuster failed to follow?
Political
Economic
Technological
Legal
Environmental
What was Blockbuster?
Video rental company
News company
Technology company
Video game company
True or False. Complacency setting in is a possible reason for Strategic Drift
True
False
True or False. Nokia is an example of a company that suffered demise due to Strategic Drift.
True
False
Which external change was the most important in MySpace's demise?
Political
Economic
Social
Environmental
Which external change was the most important in Kodak's demise?
Political
Economic
Technological
Legal
Environmental
True or False. Strategic Drift occurs when the strategy of the business no longer matches the environment in which it operates
True
False
