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WorksheetsStrategy Quiz
Total questions: 30
Worksheet time: 15mins
What is the core definition of strategy?
A high-level plan designed to achieve long-term goals
A short-term plan for immediate goals
A tactical approach to daily operations
A set of random decisions made by management
Lewin's Theory of Change
Defrost, Change, Freeze
Heat, Change, Freeze
Unfreeze, Change, Freeze
Heat, Fry, Grill
Meredith Belbin brought 9 roles for effective teams. How many roles did he invent?
8
9
10
6
Which of the 6 Thinking Hats focus on Positivity, Strengths, Optimism?
Blue
Green
Yellow
Red
What is the purpose of SWOT analysis in strategy?
To set financial budgets
To evaluate employee performance
To create a marketing plan
To identify internal strengths and weaknesses
Which component of an organization's identity defines where it wants to be in the long term?
A.
Core Values
B.
Operational Objectives
C.
Vision Statement
D.
Mission
What does the 'measurable' element of effective strategy refer to?
Tracking progress with specific steps and KPIs
Ignoring performance metrics
Using vague goals
Setting unrealistic targets
What is the goal of cost leadership strategy?
To focus on customer service
To offer the lowest prices through efficiency
To provide unique products
To offer the highest prices
What is P in PESTEL Analysis?
Peaceful
People
Political
Production
What does the VRIO test assess?
Employee satisfaction
Sustainability of competitive advantage
Financial performance
Market trends
What is one of the value disciplines companies must excel at?
Operational Excellence
Market Saturation
Cost Inefficiency
Product Redundancy
What does the 5 Whys technique help identify?
The financial status of a company
The core 'root cause' of a problem
Market opportunities
Employee performance issues
What is the purpose of the Six Thinking Hats method?
To analyze financial data
To take diverse perspectives
To create marketing strategies
To evaluate employee performance
What does capability modeling define?
The marketing strategy
The employee hierarchy
What an organization does to create value
The financial structure of a company
What does SMART in SMART KPIs stand for?
Specific, Measurable, Achievable, Relevant, Time-bound
Simple, Manageable, Attainable, Realistic, Timely
Strategic, Measurable, Actionable, Relevant, Tangible
Specific, Meaningful, Achievable, Realistic, Timed
What is a key aspect of cooperation in organizational culture?
Focusing on individual achievements
Avoiding teamwork
Clear communication toward common goals
Working in isolation
What is the second stage of team building stages for Tuckman?
Storming
Performing
Forming
Norming
What does community in organizational culture aim to build?
Isolation among departments
Focus on individual success
Strict competition among employees
A sense of belonging and inclusion
Which strategy involves creating new demand in uncontested market spaces?
Red Ocean
Blue Ocean
Differentiation
Cost Leadership
The Power-Interest Matrix categorizes stakeholders based on their level of power and interest in the project or organization. The matrix has four quadrants of "high and low" based on which two categories?
Supply and Demand
Power and Interest
Urgency and Importance
Goals and Vision
Appreciative inquiry is a model for change management, which one is NOT a stage.
Discovery
Dream
Divide
Destiny
Which of the following is a correct example of a SMART KPI for an organization focusing on operational efficiency?
A. "We want to become the fastest airport in the region by next year."
B. "Increase the number of happy passengers using our digital services."
C. "Reduce the average security wait time to under 5 minutes by Q4."
D. "Improve our baggage handling process to ensure high quality."
Definition: Focused on improving or enhancing existing structures, processes, or capabilities without altering the core of the organisation.
Example: Offering professional development programs, or implementing more efficient project management tools.
Evolutionary Change (Incremental Change)
Revolutionary Change (Transformational Change)
Developmental Change
Transitional Change
Which one is NOT one of the Porter's 5 Forces?
Bargaining Power of Suppliers & Buyers
Threat of Substitutes
Threat of Organizational Culture
Threat of New Entrants
One CSR initiative in the industry is the investment, research and usage of SAF. What does it stand for?
Sustainable Aircrafts Fuel
Sustainable Airlines Fuel
Sustainable Aviation Fuel
Social Aviation Fuel
One of the Essential Change Management Models is the McKinsey 7-S Framework which aligns seven organisational elements to ensure readiness and coherence during change. Which couple does NOT belong to it?
Strategy, Structure
Systems, Shared Values
Style, Staff
Sustainability and Sales
Pareto' principle says that 80% of your efforts lead to 20% or results?
True
False
Which type of resistance is harder to detect, does not involve vocal opposition, has avoidance behaviour and does not question change?
Active Resistance
Passive Resistance
Ishikawa's causes and effects diagram is in the shape of:
Frog skeleton
Fshbone
Plants roots
Human bones
Which leadership principle means working with less to achieve more
Fragile
Frugality
Dive deep
Happiness
