Question $51$

Why is it important to identify and understand an organisation's strengths and weaknesses when developing a strategy?

a$.$

To align the strategy with the organisation's strategic objectives and goals

b$.$

To explore external threats

c$.$

To determine the organisation's financial performance

d$.$

To assess market opportunities

Question $52$

What is one of the primary purposes of annual objectives within an organisation?

a$.$

To focus solely on profitability

b$.$

To reduce employee motivation and identification

c$.$

To eliminate the need for a strategic plan

d$.$

To justify activities to stakeholders and serve as standards of performance

Question $53$

What does Corporate Social Responsibility $($CSR$)$ primarily refer to$?$

a$.$

Legal obligations of a organisation

b$.$

Maximizing shareholder returns

c$.$

Caring for employees and society

d$.$

Government regulations

Question $54$

Which Corporate Social Responsibility $($CSR$)$ approach denies any form of social or ethical responsibility and prioritises profit above all else?

a$.$

Proactive approach

b$.$

Obstructionist approach

c$.$

Defensive approach

d$.$

Accommodative approach

Question $55$

Which of the following issues might require a management policy regarding employee development?

a$.$

To establish a high$-$or low$-$safety stock of inventory

b$.$

To tie executive compensation to annual objectives

c$.$

To allow heavy, light, or no overtime work

d$.$

To offer extensive or limited management development workshops and seminars

Question $56$

What are viable options to vertical integration?

a$.$

Joint ventures and strategic alliances

b$.$

Outsourcing

c$.$

Liquidation

d$.$

Mergers

Question $57$

What is the primary purpose of analysing an organisation's strengths and weaknesses?

a$.$

To identify opportunities in the external environment

b$.$

To understand market trends and consumer preferences

c$.$

To exploit strengths and improve weaknesses for gaining a competitive advantage

d$.$

To allocate resources for funding certain projects

Question $58$

$*$How should relevant social, cultural, demographic and environment $($SCDE$)$ factors be stated in strategic planning?

a$.$

In broad terms with no specific data

b$.$

In financial terms only

c$.$

In AQCD terms to the extent possible

d$.$

In qualitative terms only

Question $59$

Which strategy is exemplified when a firm uses its strengths to avoid or reduce the impact of external threats?

a$.$

WO strategy

b$.$

ST strategy

c$.$

WT strategy

d$.$

SO strategy

Question $60$

What is the basic premise of the Resource$-$Based View theory?

a$.$

Internal resources are fundamental to sustainable competitive advantage. $($DDD: $97)$

b$.$

Short$-$term strategies are key to success.

c$.$

External resources drive competitive advantage.

d$.$

Product innovation is the sole determinant of performance.