FREE TMA Introduction to Strategy Questions and Answers

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

Correct! Wrong!

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!

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!

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

TRUE

FALSE

Correct! Wrong!

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

Correct! Wrong!

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

Correct! Wrong!

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!

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

Operational-level strategy

Alliance-based strategy

Corporate-level strategy

Business-level strategy

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!

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

Vision

Objective

Mission

Goal

Correct! Wrong!

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

Correct! Wrong!

FREE TMA Introduction to Business Questions and Answers
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FREE TMA Introduction to Strategy Questions and Answers

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

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 _____.

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

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

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

According to the experience lens, plans should evolve.

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

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

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

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

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

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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 _.