ACCA SP Strategic Business Leadership

Question 1

Which of the following best describes 'strategic leadership'?

Accepted Answer

Providing direction, vision and purpose for an entire organisation while balancing stakeholder interests

Answer

Managing the day-to-day operations of a department

Answer

Setting annual sales targets for the marketing team

Answer

Preparing the annual budget

Question 2

Porter's Five Forces model assesses:

Accepted Answer

The competitive forces that determine the attractiveness and profitability of an industry

Answer

The internal strengths and weaknesses of an organisation

Answer

The ethical framework governing professional behaviour

Answer

The financial performance of competing firms

Question 3

A 'balanced scorecard' at the strategic level links performance measures to:

Accepted Answer

The organisation's vision and strategy through four interconnected perspectives

Answer

Annual budgets only

Answer

The external audit findings

Answer

Regulatory compliance requirements only

Question 4

Which of the following is an example of a 'disruptive innovation' (Christensen)?

Accepted Answer

A new entrant offering a simpler, cheaper product that initially serves ignored market segments but eventually displaces incumbents

Answer

An incremental product improvement by a market leader

Answer

A multinational acquiring a direct competitor

Answer

A company rebranding its existing product

Question 5

The TOWS matrix extends SWOT by:

Accepted Answer

Generating strategic options by matching internal factors (S/W) with external factors (O/T)

Answer

Adding financial analysis to the four quadrants

Answer

Quantifying each SWOT element numerically

Answer

Replacing qualitative analysis with scenario planning

Question 6

Which leadership style (Lewin) is most appropriate in a crisis requiring immediate, clear direction?

Accepted Answer

Autocratic

Answer

Laissez-faire

Answer

Democratic

Answer

Transformational