ACCA SP Strategic Business Leadership 2

Question 1

Organisational 'culture' (Johnson & Scholes) is best represented by:

Accepted Answer

The cultural web — the paradigm, stories, symbols, routines, power structures, control systems and organisational structures

Answer

Johnson & Scholes' cultural web depicts organisational culture through six interrelated elements (stories, rituals, symbols, power structures, control systems, organisational structures) surrounding the paradigm.

Question 2

A 'scenario planning' approach to strategy involves:

Accepted Answer

Developing multiple plausible alternative futures to test strategic robustness

Answer

Scenario planning involves constructing several plausible but distinct future environments, allowing an organisation to test strategies against each and identify robust options.

Question 3

The 'resource-based view' (RBV) of strategy focuses on:

Accepted Answer

Internal resources and capabilities as the source of sustainable competitive advantage

Answer

RBV (Barney, Penrose) argues that sustainable competitive advantage derives from unique, valuable, rare, inimitable and non-substitutable (VRIN) internal resources and capabilities.

Question 4

Which of the following describes 'emergent strategy' (Mintzberg)?

Accepted Answer

Strategy that develops incrementally in response to unplanned opportunities and environmental changes

Answer

Mintzberg distinguished intended strategy (planned) from emergent strategy, which arises from ad-hoc responses to events. Realised strategy is a combination of deliberate and emergent elements.

Question 5

Corporate social responsibility (CSR) at the strategic level is best described as:

Accepted Answer

Integrating social, environmental and ethical considerations into core business strategy and operations

Answer

Strategic CSR integrates ethical, social and environmental concerns into business strategy and operations, creating shared value for both the company and society beyond mere legal compliance.

ACCA Strategic Professional Practice Test

ACCA Strategic Professional Practice Test

ACCA SP Strategic Business Leadership 2