Strategic Management CIA-3

In SWOT analysis, which element is considered an internal negative factor?

• Threat

• Opportunity

• Weakness

• Strength

Which of the following best describes the purpose of environmental scanning?

• Identifying internal financial records

• Monitoring external forces affecting strategy

• Organizing employee roles

• Reducing operational costs

Which technique is used in organizational appraisal to compare performance with industry leaders?

• Gap analysis

• Benchmarking

• Brainstorming

• PESTLE

Organizational appraisal focuses solely on external threats and opportunities.

• True

• False

The process of evaluating and interpreting information from the environment to identify potential trends is called __________.

Strategic Advantage Profile helps determine the company’s position relative to __________.

Environmental appraisal is only concerned with analyzing the micro-environment.

• True

• False

What does strategy primarily focus on in an organization?

• Short-term goals

• Day-to-day operations

• Long-term goals and objectives

• Employee benefits

A key feature of strategy is ______ setting, which involves defining clear and measurable objectives.

PESTLE analysis does not include which of the following elements?

• Legal

• Environmental

• Technological

• Marketing