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Strategic Business Leadership Flashcards

6 cards from real ACCA SP practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.

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

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

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

  2. A 'scenario planning' approach to strategy involves:

    Answer: Developing multiple plausible alternative futures to test strategic robustness

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

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

    Answer: Internal resources and capabilities as the source of sustainable competitive advantage

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

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

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

    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.

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

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

    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.

  6. Which of the following is an example of a 'strategic alliance'?

    Answer: Two companies entering a joint agreement to share resources and capabilities without full merger

    A strategic alliance is a collaborative arrangement between two or more organisations to share resources, capabilities or risks to achieve strategic objectives, without full integration.