Strategic Planning

Becoming a strategic thinker involves:

• a) Mastering strategy tools and models

• b) Ignoring implementation

• c) Avoiding others' support

 Proactivity, in the context of strategic thinking, is about:

• a) Waiting for opportunities

• b) Taking initiative

• c) Avoiding risks

Why is proactivity important in strategic thinking?

• a) Anticipate future needs

• b) Ensures success

• c) creates positive outcomes

• d) All of the above

The Circle of Influence includes:

• a) External factors

• b) Areas of direct control

• c) Both a and b

• d) None of the above

What does the Circle of Concern include?

• a) Internal factors

• b) Areas of direct control

• c) External factors

• d) Both a and c

What are the three disciplines to build competency in strategic thinking?

• a) Analysis, synthesis, action

• b) Acumen, allocation, action

• d) Convergence, divergence, creativity

In Porter's Generic Strategies the Differentiation Strategy involves making products or services:

• a) Similar to competitors

• b) Different and less attractive

• c) Different and more attractive

What does the Focus Strategy emphasize?

• a) Serving a broad market

• b) Targeting specific niche markets

• c) Adopting a cost leadership approach

• d) Emphasizing brand image

What is the role of a Snorkelers manager?

• a) Providing no business knowledge

• b) Provides tactical answers to problems

• c) Ignoring strategic thinking

Strategic Thinking is a thinking process applied by an individual in the context of achieving a goal or set of goals :

• True

• False