Free TMA Introduction to Strategy Q&A

Which two sections may the pertinent traits be most effectively classified under when creating strategic groups?

Please select 2 correct answers

PESTEL factors

Resource commitment

Competitiveness

Scope of activities

Correct! Wrong!

Under which heading in the Exploring Strategy Model are environment, capability, goals, and culture covered?

Strategic choices

Strategic applicability

Strategic position

Strategy in action

Correct! Wrong!

When customers are able to eliminate middlemen like intermediaries, suppliers experience forward vertical integration.

TRUE

FALSE

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Which approach focuses on how to effectively compete in certain markets?

Operational-level strategy

Alliance-based strategy

Corporate-level strategy

Business-level strategy

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Which of the following phrases best sums up the definition of operational strategies? Operational strategies deal with how an organization's constituent elements implement strategies in terms of _ and _.

Please select 2 correct answers

Alliances

People

Resources

Mission

Correct! Wrong!

The overarching goal of an organization is generally expressed by its:

Vision

Objective

Mission

Goal

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According to the experience lens, plans should evolve.

through the shared assumptions in the organisation, often thought of as the organisational culture

through the individual experience of a few top managers or strategic planners

through the shared assumptions across similar types of organisations within an industry (or organisational field)

All of the above

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Which of the following scenarios most likely has a high buyer power?

Please select 3 correct answers

Where ultimate consumer power is weak

Where switching costs are low

Where a few large customers account for the majority of sales

Where the buyer can threaten to compete

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Which three primary subfields of strategy research comprise the field of strategy studies?

Please select 3 correct answers

Strategy processes

Strategy content

Strategic context

Strategy lenses

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Which of the following is often thought to be connected to decisions made at the strategic level?

Please select 3 correct answers

The detailed planning of a department's work over the next month

The organization's long-term direction

The scope of the organization's activities

The values and expectations of powerful actors in the organization

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A group of managers is debating differentiation and price strategies. Which strategic level are the managers most likely to be operating at?

Mission and Vision

Corporate level

Operational level

Business level

Correct! Wrong!

FREE TMA Introduction to Strategy Questions and Answers

Which two sections may the pertinent traits be most effectively classified under when creating strategic groups?

Under which heading in the Exploring Strategy Model are environment, capability, goals, and culture covered?

When customers are able to eliminate middlemen like intermediaries, suppliers experience forward vertical integration.

Which approach focuses on how to effectively compete in certain markets?

Which of the following phrases best sums up the definition of operational strategies? Operational strategies deal with how an organization's constituent elements implement strategies in terms of _ and _.

The overarching goal of an organization is generally expressed by its:

According to the experience lens, plans should evolve.

Which of the following scenarios most likely has a high buyer power?

Which three primary subfields of strategy research comprise the field of strategy studies?

Which of the following is often thought to be connected to decisions made at the strategic level?

A group of managers is debating differentiation and price strategies. Which strategic level are the managers most likely to be operating at?

Turnaround Management Association Test Prep Guide

FREE TMA Introduction to Business Questions and Answers

Which two sections may the pertinent traits be most effectively classified under when creating strategic groups?

Under which heading in the Exploring Strategy Model are environment, capability, goals, and culture covered?

When customers are able to eliminate middlemen like intermediaries, suppliers experience forward vertical integration.

Which approach focuses on how to effectively compete in certain markets?

Which of the following phrases best sums up the definition of operational strategies? Operational strategies deal with how an organization's constituent elements implement strategies in terms of _____ and _____.

The overarching goal of an organization is generally expressed by its:

According to the experience lens, plans should evolve.

Which of the following scenarios most likely has a high buyer power?

Which three primary subfields of strategy research comprise the field of strategy studies?

Which of the following is often thought to be connected to decisions made at the strategic level?

A group of managers is debating differentiation and price strategies. Which strategic level are the managers most likely to be operating at?

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Which of the following phrases best sums up the definition of operational strategies? Operational strategies deal with how an organization's constituent elements implement strategies in terms of _ and _.

Premium Tests $49/mo
FREE October-2024