CS Strategic Planning & Development 2

Question 1

A company conducts a PESTLE analysis before entering a new market. Which factor category addresses regulatory compliance and trade policies?

Accepted Answer

Political

Answer

Political factors in PESTLE include government policies, trade regulations, and regulatory compliance requirements.

Question 2

During strategy formulation, a firm identifies a capability that is valuable, rare, inimitable, and organized. According to the VRIO framework, this capability provides:

Accepted Answer

Sustained competitive advantage

Answer

A resource meeting all four VRIO criteria—valuable, rare, inimitable, and organized—yields sustained competitive advantage.

Question 3

Which planning horizon is most commonly associated with operational plans in strategic management?

Accepted Answer

Less than 1 year

Answer

Operational plans address day-to-day activities and typically cover a horizon of less than one year.

Question 4

A strategic planner uses the Ansoff Matrix to evaluate growth options. Selling existing products to new customer segments is best described as:

Accepted Answer

Market development

Answer

Market development involves taking existing products into new markets or customer segments.

Question 5

In the context of strategic planning, a 'stretch goal' is best defined as:

Accepted Answer

An aspirational target that requires significant capability building

Answer

Stretch goals are ambitious targets that push an organization beyond its current capabilities to drive innovation and growth.

(CS) Certified Strategist Practice Test

(CS) Certified Strategist Practice Test

CS Strategic Planning & Development 2