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WorksheetsTheories, models and Key Authors of Strategic Planning
Total questions: 11
Worksheet time: 4mins
Question: What is the main idea of Stakeholder Theory?
Businesses should focus solely on maximizing shareholder value.
Companies should balance the needs of all stakeholders, not just shareholders.
Organizations should focus only on their internal strengths.
Competitive advantage is determined entirely by industry structure.
Which model helps businesses analyze industry competition based on five external forces?
SWOT Analysis
Porter’s Five Forces
Balanced Scorecard
McKinsey 7-S Model
Who is considered the “father of modern management”?
Peter Drucker
Michael Porter
Henry Mintzberg
Jay Barney
What is the focus of the Dynamic Capabilities Theory?
Companies should create uncontested market spaces.
Businesses should focus only on financial metrics.
Organizations must continuously adapt and transform to maintain a competitive advantage.
Strategy is static and does not require change.
What is the main goal of Blue Ocean Strategy?
Compete aggressively with market leaders
Reduce operational costs
Create new, uncontested market spaces
Focus only on shareholder interests
Who developed the Five Forces model?
Jay Barney
Michael Porter
Henry Mintzberg
Igor Ansoff
According to Resource-Based View (RBV), what makes a resource a sustainable competitive advantage?
It is expensive
It is easy to copy
It is valuable, rare, inimitable, and organized (VRIO)
It depends only on external market conditions
The Ansoff Matrix is used to…
Evaluate internal company culture.
Measure financial performance
Identify market growth opportunities
Assess competitor strategies.
What is Jay Barney’s main contribution to strategic management?
The Five Forces Model
The 7-S Framework
The BCG Matrix
The VRIO Framework
According to Michael Porter, how can companies achieve a competitive advantage?
Through differentiation, cost leadership, or focus
By competing solely on price
By copying their competitors’ strategies
By avoiding competition altogether
What are the four categories in the BCG Growth-Share Matrix?
Vision, Mission, Goals, and Strategy
Strengths, Weaknesses, Opportunities, and Threats
Stars, Cash Cows, Question Marks, and Dogs
Market Leaders, Challengers, Niche Players, and Strugglers
