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Strategy Management Review

Total questions: 20

Worksheet time: 1hrs 2mins

Name
Class
Date
1.

If you had to research about a company environment, what tool would you use?

4 lines
2.

Your boss has asked you to explain the competitive innovation of your company to potential investors. What would you do?

4 lines
3.

A Space Matrix analysis helps you to make strategic decisions and creates a plan. SPACE is an acronym for......... Identify the wrong one

a)

Strategy

b)

Position

c)

Aggresive

d)

Evaluation

4.

Draw a Balance Scorecard

5.

BSC enables Stratrategy executions through 3 imperatives.

Mark the woring one

a)

Leadership intent, clearly

communicated and acted upon

b)

Prioritization of

strategic initiatives to

focus on the most

important things

c)

Performance culture focused on continuos improvement and results

d)

Aligned people, processes and

systems

6.

What kind of tool do you need to implement your Strategy?

A tool that....

a)

Supports ROI calculations

b)

Provides international consistency

c)

Works with all existing frameworks

d)

Builds employee engagement

7.

If you are second to launch to market...

a)

The organization sacrifices flexibility in favor of efficiency and responding to the challenge of the First.

b)

The organization may require access to risk capital finance

c)

Manufacturing focuses on efficient automation for large-scale production

d)

Sales identifies and reaches faborable market segments

8.

What is an emergent technology?

a)

A new technology appears in its developmental phase, when it is not in direct competition with the technology in use at the time

b)

Technologies that were emerging but have managed to have a strong competitive impact, but are only known and controlled by the market leaders

c)

There is little return from the technology in comparison with the investment effort made.

d)

It is commercially available although there is not enough information about its applications (technology in evaluation). The relation between the investment made and return is low

9.

What do you see?

a)

S Live curve of technology

b)

Modified ADL Tool

c)

Technnology Dilemma

d)

Lyfe cycle of a product

10.

Draw a BCG Matrix

11.

Choose your strategy for STARS

a)

Invest to sustain growth

Maintain or build market share

Repel challenges from competitors

Create barriers to entry (branding, customer loyalty, quality advantages)

b)

Invest to increase market share

Try to build competitive advantage (eg. Selective market segmentation and positioning

Build selectively and invest in the most likely stars

Cash flow likely to be negative

c)

Defende market share

Reduce investment in order to maximise cash flow and profits

Use profits from CASH COWS to invest in question marks and stars

d)

Not worth investing in

Uses up more management time and resources tan cabe justified

Phase out or sell off

12.

How valuable is the BCG Matrix?

4 lines
13.

To get the most out of the matrix for successful experimentation in the modern business environment, companies need to focus on four practical imperatives. Choose the incorrect anwer

a)

Accelerate

b)

Balance exploration and exploitation

c)

Measure and manage portfolio economics of experimentation

d)

Select swiftly

14.

Draw a basic McKinsey Matrix

15.

This man is related to...

a)

McKinsey Matrix

b)

SPACE Matrix

c)

Ansoff Growth Matrix

d)

S Curves Matrix

16.

Draw a matrix with types of strategic change

17.

What are the best practices in implementing strategy?

4 lines
18.

VRIO analysis allows the organization to understand the resources, competitive edge, value proposition and its value in the market.

Select the wrong answer

a)

[VALUE] whether the resources owned by a company are currently able to take advantage of existing opportunities or address the impending threat

b)

[RARE_SCARCITY] whether the resources they have are only owned by a small number of competitor companies

c)

[INTERACTION] whether the company has a cost disadvantage if they do not interact between departments.

d)

[ORGANIZATION]

whether the policies or procedures adopted by the company can provide something such as value which is rare and difficult to replicate.

19.

When doing strategy you should quit doing....

4 lines
20.

How profitability is constantly eroded?

Choose the wrong one!

a)

If suppliers try to increase the output price

b)

If customers add pressure to obtaing a better-quality product, service and price

c)

If workers want higher salaries

d)

If financers want a greater profitability