WorksheetsStrategic Management Topic 1
Total questions: 10
Worksheet time: 2mins
The following are competitive advantages. EXCEPT
Cost
Sustainable growth
Differentiation
Network
Strategist are senior leaders responsible for shaping an organisation’s direction and success.
TRUE
FALSE
Four function used in management related to strategic. Which is, planning, organizing, ? , and Controlling.
Performing
Imitiating
Leading
Scheduling
Strategic planning is the approach used in forming an organization direction. EXCEPT
Vission
Mission
Planning
Priorities
These are PESTEL Analysis. EXCEPT
Sociocultural forces
Strength and weakness
Political factors
Economic conditions
There are three levels of strategy formulation. EXCEPT
Organization
Corporate
Functional
Business
What is a primary benefit of implementing a strategic management process in an organization?
Improved employee morale
Greater resource diversity
Increased short-term focus
Enhanced clarity of purpose
What is one of the key advantages of strategic management in terms of resource allocation?
Reactive resource allocation
Arbitrary allocation decisions
Maximized resource utilization
Reduced resource diversity
Is the Strategy Evaluation the most difficult stage?
TRUE
FALSE
Is product development part of strategy?
TRUE
FALSE
