Strategic Entrepreneurship

According to Henry Mintzberg Strategy we can identify ............ perspectives

• one

• two

• three

• four

• five

What are the factors considered in Porter's Five Forces Model?

• Bargaining Power of Suppliers

• Threat of New Entrants

• Bargaining Power of Managers

• Bargaining Power of Buyers

• Threat of Substitutions

A distinctive factor, allowing it to generate greater sales or margins and/or retain more customers than its competitors can be identified as a

• Capability

• Competitive Advantage

• Strategy

• Resource

Which of the following are correct regarding a Competitor in a business is

• An entity which is a rivalry

• Operating in the same industry

• Offers similar products

• Operating in a similar industry

• None of the above

Which of the following two aspects looks at internal aspects under SWOT analysis

• Strengths

• Weaknesses

• Opportunities

• Threats

Which of the following is NOT a factor to be considered when developing a resource based view

• Valuable

• Inimitable

• Rate

• Non-Substitutable

• Ownership

Factors which could affect the competitive rivalry are :

• Market growth rate

• Fixed Cost

• Capacity

• Product differentiation

• Switching cost

Using strengths, you could overcome the company's

• Threats

• Opportunities

• Weaknesses

• None of the above

Strategic Planning is

• Short term planning

• Seasonal planning

• Long term planning

• Contingent planning

According to Porter, buyer power is higher when

• Higher switching cost

• Products are differentiated

• Buyer has full information

• There are few buyers