FREE CBS Strategic Planning & Execution Questions and Answers
Which factor is essential for successful strategy execution?
Correct!
Wrong!
Clear communication ensures that all stakeholders understand their roles and responsibilities in executing the strategy.
Which tool is commonly used in strategic planning to assess external opportunities and threats?
Correct!
Wrong!
A PEST analysis examines political, economic, social, and technological factors affecting business strategy.
What is the primary goal of strategic planning in business?
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Strategic planning aligns business goals with long-term objectives to ensure growth and sustainability.
What is a key characteristic of an effective strategic plan?
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A good strategic plan is adaptable to changes in market conditions while maintaining long-term vision.
How can businesses measure the success of a strategic plan?
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Key performance indicators (KPIs) help track progress and effectiveness of a strategic plan.
Why is execution critical to strategic planning?
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Wrong!
A well-executed strategy turns business goals into actionable results and ensures competitive advantage.