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Strategic Planning Analysis Tools and Techniques

Total questions: 10

Worksheet time: 5mins

Name
Class
Date
1.

What can lead to a crowded industry where many new competitive rivals start appearing regularly?

a)

Intensity of Competitive Rivalry

b)

Threat of New Entrants

c)

Bargaining Power of Suppliers

2.

What is the type of benchmarking where in you observe the best practices of other teams and organizations within your company?

a)

Internal Benchmarking

b)

Competitive Benchmarking

c)

Strategic Benchmarking

3.

What is the most important section of your industry analysis? This is where you explain who your ideal customer is.

a)

Competitor

b)

Pricing and Forecast

c)

Target market

4.

What is the process where you measure your company’s success against other similar companies?

a)

Strategic Benchmarking

b)

Balanced Scorecard

c)

Benchmarking

5.

What anticipates future events to recognize risks and opportunities - Prior to forming any strategic plans?

a)

Forecasting

b)

Scanning

c)

Monitoring

6.

What is a strategic analysis tool designed to help organizations uncover and protect the resources and capabilities that give them a long-term competitive advantage?

a)

Value Analysis

b)

VRIO Framework Analysis

c)

PEST/PESTLE Analysis

7.

What is a useful tool for understanding the “big picture” of the environment in which you are operating?

a)

PEST/PESTLE Analysis

b)

Resource Analysis

c)

Environment Analysis

8.

What factor in PESTLE Analysis does the sentence below belong?

"Closure of local firms providing employment"

a)

Political

b)

Economic

c)

Social

d)

Technological

9.

What factor does not belong to Location and Site Development in Technical Analysis?

a)

Proximity of Land to Markets

b)

Availability of Raw Materials

c)

Outdoor works

10.

What is a process that helps you identify opportunities and challenges, both internal and external to your organization/service or product by defining the scope of a problem?

a)

Situation Analysis

b)

Market Analysis

c)

Resource Analysis