WorksheetsStrategic Thinking
Total questions: 10
Worksheet time: 3mins
What is strategic thinking?
Being able to analyze and make effective decision
A type of board game
Out-thinking someone else and overpowering them
Making decisions on gut feeling
What are key elements of Strategic Thinking (select all correct answers)?
Broad view
Focuses on supporting goals
Important, non-intuitive, framework breaking ideas
Concrete with no engagement of imagination
Which one of the following is at the core of strategic management?
Choosing which organizational objectives to focus on
Being alert for opportunities to change work responsibilities
Adapting the organization to a changing external environment
Choosing whether to make decisions autocratically or on the basis of participation
The task of strategy choice involves:
Developing plans and activities which will improve the organization’s performance and competitive position
Determining how the organization can be more market and efficiency oriented
Monitoring whether the organization is achieving good financial performance
Keeping the organization free of debt
The term strategy is derived from the word ‘strategos’ which means:
Tactics
Leadership
Generalship
Management
Strategic Management does not involve:
Setting Objectives
Analyzing the competitive environment
Analyzing the internal organization
Analyzing the external organization
Strategic Management is the management of an organizations resources to achieve its:
Profit
Goals and Objectives
Market Share
Competitiveness
In strategic thinking, how long is the long term, approximately?
Any of these
1 to 12 months
1 to 5 years
More than 5 years
None of these
Which of the following is NOT a major element of the strategic management process?
Formulating strategy
Implementing strategy
Evaluating strategy
Assigning administrative tasks
When defining strategic management the most important thing to remember is that it is:
Not as easy as you think
Mainly the province of senior managers
A living evolving process
More conceptual than practical
A way of determining responsibilities
