Formative Test 01

1. The 21st century is marked by the following characteristic:

• a spirit of predictability

• an environment of certainty

• the reality of dynamism

2. The current landscape of competition today:

• is highly threatening

• static

• friendly

3. In a hypercompetitive environment, organizations:

• do not help each other

• do not collaborate with each other

• outsmart each other

4. Organizations conduct their businesses by offering:

• less products

• few products

• innovative products

5. In surviving this cut-throat competition, the challenge today is:

• to adopt traditional activities

• to adapt to the changing times

• managing people

6. Strategic management is:

• coming up with organizational policies

• a continuous process of strategy creation

• managing people

7. Strategic intelligence is:

• ensuring that everyone has the same mindset

• possessing and using relevant and related knowledge, abilities, foresight, and systems thinking in an organization

• thinking about the welfare of every employee

8. Strategic decision-making is greatly demonstrated when:

• all employees are happy and content

• the stakeholders earn good profits

• the right resources for the right markets at the right time are brought together

9. This is needed to systematically evaluate the variables currently existing in the external and internal environments:

• strategic analysis

• strategy formulation

• strategic decision-making

10. Uniquely designed and effectively communicated formulated strategies allow organizations to attain:

• organizational competitiveness

• competitive advantage

• more profits