Strategy Management Review

Quiz
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Business
•
University
•
Medium

Trinidad Cortés
Used 10+ times
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20 questions
Show all answers
1.
OPEN ENDED QUESTION
3 mins • 1 pt
If you had to research about a company environment, what tool would you use?
Evaluate responses using AI:
OFF
Answer explanation
Basically, PESTEL, PORTER and Strategic Profile!
2.
OPEN ENDED QUESTION
3 mins • 1 pt
Your boss has asked you to explain the competitive innovation of your company to potential investors. What would you do?
Evaluate responses using AI:
OFF
Answer explanation
1. Make an excellent internal analysis of the company
2. Develop a DAFO Analysis
3. Conclude that its competitive advantage comes from basing its strategy on resources and capacities different from those of the traditional industry (platform yes, no assets, no real estate,...)
3.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
A Space Matrix analysis helps you to make strategic decisions and creates a plan. SPACE is an acronym for......... Identify the wrong one
Strategy
Position
Aggresive
Evaluation
Answer explanation
Strategy, Position, Action and Evaluation
If you combine the finantial strength, environmental stabilite, competitive advantage and the insudtriy attractiveness, you'll get four positions:
Conservative, aggresive, defensive and competitive
4.
DRAW QUESTION
3 mins • 1 pt
Draw a Balance Scorecard

Answer explanation
Bottom-up drawing!
Bearing in mind the Vision, mission, strategic themes and strategic results, first identify your values.
Next, define your strategic objetives and strategy map.
Finally, set measures, targets and iniciatives for each objetive.
5.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
BSC enables Stratrategy executions through 3 imperatives.
Mark the woring one
Leadership intent, clearly
communicated and acted upon
Prioritization of
strategic initiatives to
focus on the most
important things
Performance culture focused on continuos improvement and results
Aligned people, processes and
systems
Answer explanation
"Prioritization of strategic initiatives to focus on the most important things" is an inherent characteristic that helps strategy execution.
6.
MULTIPLE CHOICE QUESTION
3 mins • Ungraded
What kind of tool do you need to implement your Strategy?
A tool that....
Supports ROI calculations
Provides international consistency
Works with all existing frameworks
Builds employee engagement
Answer explanation
What kind of tool do you need? Basically a BSC. : )
• A precise, on going, decision making, monitoring and reporting tool
• Gives a reliable view to all stakeholders
• Builds employee engagement
• True comparability between businesses
• Supports ROI calculations
• Works with all existing frameworks
• Provides international consistency
• Guarantees achievement is connected to bringing forth a flourishing future
• Anti greenwashing
7.
MULTIPLE CHOICE QUESTION
3 mins • 1 pt
If you are second to launch to market...
The organization sacrifices flexibility in favor of efficiency and responding to the challenge of the First.
The organization may require access to risk capital finance
Manufacturing focuses on efficient automation for large-scale production
Sales identifies and reaches faborable market segments
Answer explanation
Review Time-Based Tool or competitive strategy accoding to the launch time (Unit 6)
You should know what you will require for each division:
R&D&I
Manufacturing
Sales
Financing
Organization
Time of launch
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