SPP Strategic Analysis & Environmental Scanning

Question 1

What is the primary purpose of environmental scanning in strategic planning?

Accepted Answer

To identify external opportunities and threats

Answer

To increase daily sales

Answer

To train employees

Answer

To set internal policies

Question 2

Which tool is commonly used for analyzing external factors in strategic planning?

Accepted Answer

PESTEL analysis

Answer

SWOT analysis

Answer

Balanced Scorecard

Answer

Benchmarking

Question 3

What does SWOT stand for in strategic analysis?

Accepted Answer

Strengths, Weaknesses, Opportunities, Threats

Answer

Sales, Work, Organization, Team

Answer

Systems, Workforce, Operations, Tactics

Answer

Strategy, Wins, Objectives, Targets

Question 4

Why is competitor analysis important in strategic planning?

Accepted Answer

To understand competitive position

Answer

To copy competitor’s products

Answer

To set employee salaries

Answer

To ignore market trends

Question 5

What is a PESTEL analysis used for?

Accepted Answer

Analyzing macro-environmental factors

Answer

Evaluating financial statements

Answer

Organizing company events

Answer

Managing employee conflicts

Question 6

How does environmental scanning contribute to risk management?

Accepted Answer

By detecting threats early

Answer

By ignoring risks

Answer

By increasing product prices

Answer

By cutting employee training

Question 7

What is the first step in conducting environmental scanning?

Accepted Answer

Defining scope and objectives

Answer

Collecting data

Answer

Implementing strategy

Answer

Hiring new staff

Question 8

Which factor is NOT part of a PESTEL analysis?

Accepted Answer

Financial

Answer

Technological

Answer

Economic

Answer

Environmental

Question 9

What is the outcome of effective strategic analysis?

Accepted Answer

Informed decisions and aligned strategies

Answer

Random actions

Answer

Ignoring market signals

Answer

Internal conflicts