Executing a good strategy often determines the success of a firm's success. True or False?

Select one:

Select one:

True

False

Strategy is fundamentally about:

Select one:

1. satisfying all stakeholders
2. b.being an excellent "corporate citizen".
3. c.being better than rivals.
4. d.winning.

The concept of "Strategic fit" describes the gap or fit between the environment and a firm's strategy. True or False?

Select one:

True

False

Analyzing an organization's strategic position

Select one:

a. starts with a SWOT analysis.

b. concentrates on an internal resource and capability analysis.

c. concentrates on an external environment analysis.

d. involves an internal and external analysis and concludes with a SWOT.

Business Strategy defines:

Select one:

a. the way a firm competes in a particular industry or market.

b. the way a firm establishes a competitive advantage over its rivals within a specific industry or market.

c. both of the above.

d. neither of the above.

Corporate strategy is concerned with:

Select one:

a. the scope of the firm in terms of industries and markets, and the allocation of its resources.

b. a firm's relationships with its principal stakeholders.

c. the corporate governance of each individual business.

d. none of the above.

How do corporate level strategy and business level strategy differ?

Select one:

a. Corporate strategy defines the scope of a firm's activities, while business strategy focuses on how to beat the competition in a specific product market.

b. Corporate strategy defines the scope of a firm's structure, while business strategy emphasises the relationship of each business with its environment (state, regulators, etc.).

c. Corporate strategy focuses on the overall strategic plan, while business strategy focuses on implementing strategic decisions in each product market.

d. Corporate level strategy is concerned with long term goals, while business level strategy focuses on short term sustainability.

The most effective strategic leadership style is:

Select one:

a. technically excellent.

b. charismatic.

c. transformational.

d. action oriented.

Which one of the following actions is not key to effective strategic leadership?

Select one:

a. Effectively allocating and managing a firm's resources and capabilities.

b. Selecting and developing the career of key employees.

c. Determining strategic direction.

d. Establishing appropriate balanced controls.

Which one of the following actions of strategic leadership influences how individual employees behave and how the organisation generally goes about achieving its strategy?

Select one:

a.Determining strategic direction.

b.Controlling employees through performance management systems.

c.Sustaining an effective organisation culture.

d.Effectively allocating and managing an organisation's resources and capabilities.