NEW
Font size
Worksheetsstrategic management
Total questions: 20
Worksheet time: 12mins
A company’s strategic plan:
links the company’s financial targets to control mechanisms.
maps out the company’s history.
outlines the competitive moves and approaches to be used in achieving the desired business results
All the above
Strategic planning is....
Long term planning
Short term planning
General planning
Seasonal planning
Which is NOT a part of Porters 5 forces?
Bargaining power of Suppliers
Threat of New entrants
Bargaining power of customers
Financial threat
Which is the FIRST step in the strategic Management process?
Monitoring and evaluating strategies
Developing the vision and mission
Strategy formulation
Goals and Objectives
In the BCG matrix , which of the following the strategy is sell off (divest)?
Star
Cow
Question mark
Dog
What does the "S" stand for in PESTLE?
Support
Short term
Social
Subsidiary
When developing strategy for organization, which questions should we ask first?
How we will get there on a daily to weekly basis?
How are our departmental operational plans?
What are our short-term goals and operational objectives? How do we break down a larger strategic goal into workable tasks?
Where do we compete? What unique value do we bring to market? Which resources do we have or need? How do we sustain our value?
The internal business environment consists of...
factors that directly impact the organisation
factors that influence the operations of the business
factors that influence the wider environment in which the business operates
An external analysis is the process of scanning and evaluating an organization's various external environmental sectors to determine positive and negative trends that could impact on organizational performance.
True
False
Which of the following SWOT elements are external factors for a business?
Strengths and Weaknesses
Strengths and Opportunities
Opportunities and Threats
Weaknesses and Threats
An organisation carrying out its value chain activities at a cost lower than its competitors will enable the organisation to achieve:
Differentiation Strategy
Focus Strategy
Hybrid Strategy
Cost Leadership Strategy
The THREAT section is mainly areas that:
Can be easily removed and turned in to strengths
Cannot be removed or ignored and will need planning to work with or around. Are a potential risk to your development.
Nasty things that have been said to you
Are areas that you threaten your safety
