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WorksheetsIntro to Strategy Management
Total questions: 10
Worksheet time: 5mins
Which of the following is NOT part of a company's macro-environment?
The company's resource strengths, weaknesses and competitive capabilities.
Economic factors.
Political and Socio-Cultural factors.
Technological factors and Legal conditions.
The most widely used tool for diagnosing the competitive pressures in a market is the:
SWOT.
Competitor Profiling.
Five Forces Model.
Market analysis.
Which of the following is generally NOT considered a barrier to entry?
The reaction of other firms to rapid market growth.
Strong brand preferences and a high degree of customer loyalty.
High capital requirements and restrictive government policies.
Strong “network effects” in customer demand.
A company’s strategic plan:
maps out the company’s history.
links the company’s financial targets to control mechanisms.
outlines the competitive moves and approaches to be used in achieving the desired business results.
all of these.
Which is NOT a part of Porters 5 forces?
Bargaining power of Suppliers
The 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
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 organization carrying out its activities at a cost lower than its competitors will enable the organization to achieve:
Differentiation Strategy
Focus Strategy
Hybrid Strategy
Cost Leadership Strategy
What is the last step of the Strategic Management Process?
Formulating Strategies
Implementing Strategies
Evaluating Results
Evaluating Weakness
A firm can achieve differentiation through all of the following means except
improving brand image.
better customer service.
offering lower prices to customers.
adding additional product features.
