Strategic Planning & Leadership Flashcards

Which strategic planning horizon is MOST associated with day-to-day operational decisions?

Answer: Short-term (1 year or less)

Short-term operational planning covers immediate activities and resource allocation within a fiscal year or less.

Porter's Generic Strategies include cost leadership, differentiation, and:

Answer: Focus

Porter's three generic strategies are cost leadership, differentiation, and focus (targeting a narrow market segment).

A servant leader's PRIMARY concern is to:

Answer: Empower and develop team members to perform at their best

Servant leadership prioritizes the growth, well-being, and empowerment of team members as the path to achieving organizational goals.

Which scenario BEST illustrates a 'first-mover advantage'?

Answer: A company enters a new market before rivals, capturing early customers

First-mover advantage occurs when a company gains a competitive edge by being the first to enter a new market or launch a new product.

In strategic management, 'blue ocean strategy' refers to:

Answer: Creating uncontested new market space, making competition irrelevant

Blue ocean strategy, developed by Kim and Mauborgne, focuses on creating new demand in uncontested market spaces rather than fighting in saturated markets.

A CBO wants to cascade strategic goals throughout the organization. Which tool BEST aligns individual performance with corporate strategy?

Answer: Objectives and Key Results (OKRs)

OKRs (Objectives and Key Results) connect high-level strategic objectives to measurable individual and team key results, creating alignment across the organization.

When a strategic initiative fails to gain traction, organizational inertia is BEST described as:

Answer: The tendency of people and systems to resist change and maintain the status quo

Organizational inertia is the tendency for established behaviors, structures, and cultures to resist change, making strategic execution difficult.