3/9 Chapter 3 Strategy analysis Flashcards
When there are numerous suppliers who are easy to find, what does this mean within Porter’s Five Forces model for buyers?
Select one:
1. They have high bargaining power
2. They have low bargaining power
3. Switching costs will be high
4. New entrants will find it easy to enter the market
They have high bargaining power
Which of the following is NOT explicitly considered as a force in Porter's five forces model? Select one: 1. Forces that help or hinder change 2. Bargaining power of suppliers 3. Substitutes 4. Bargaining power of buyers
Forces that help or hinder change
When considering the ‘industry competitors’ force in Porter’s five forces model, which of the following is considered to be the ‘Key Focus’ of this force?
Select one:
1. An external marketing campaign launched by a competitor
2. Rivalry among existing competitors
3. The competitors’ products
4. The market share of known competitors
Rivalry among existing competitors
In Porter’s 5 forces model, when the supplier brand is powerful, which of the following statements is true?
Select one:
1. It will be easy for new entrants to gain market share
2. Buyer power is considered to be high
3. Supplier power is considered to be low
4. Supplier power is considered to be high
Supplier power is considered to be high
Which of the following is a perspective considered by the ‘Balanced Business Scorecard’? Select one: 1. Internal business processes 2. Competition 3. Shared values 4. Bargaining power
Internal business processes
If an organisation uses the Boston Box to analyse the portfolio of businesses it owns, how would it classify its businesses that have high market share in a market with high growth? Select one: 1. Cow 2. Dog 3. Star 4. Wild cat
Star
The Boston Box considers which of the following? Select one: 1. Differentiation 2. Time 3. Power/influence 4. Market share
Market share
Which of the following are the things the organisation must be good at in order to succeed? Select one: 1. SWOT 2. BAM 3. KPIs 4. CSFs
CSFs
When executing strategy, McKinsey's 7-S Model would encourage you to consider which one of the following? Select one: 1. Scenarios 2. Substitutes 3. Skills 4. Strengths
Skills
PESTLE analysis is used to focus solely on what aspect that affects an organisation? Select one: 1. Internal influences 2. External influences 3. Both of the above 4. Neither of the above
External influences
Organisations face a complex and changing external environment of
increasing unpredictability except:
Select one:
1. Changes in consumer life cycles and tastes
2. The mission statement of the organisation
3. The state of the national and local economies
4. Changes in technology
The mission statement of the organisation
The acronym PESTLE does not refer to which of these issues among others? Select one: 1. Legal 2. Economical 3. Technological 4. Practical
Practical
Which of the following is not an environmental issue affecting an organisation’s external business environment? Select one: 1. Animal Welfare 2. Unemployment x 3. Global warming and climate change 4. Waste, such as unnecessary packaging
Unemployment
Michael Porter’s model is a tool of analysis depicting the following except: Select one: 1. Threat of new entrants 2. Bargaining power of buyers 3. Industry competitors 4. Style of management
Style of management
Which of the following is not a threat from substitute products?
Select one:
1. New technologies that are more convenient
2. Changes in need
3. Increasing number of competing firms
4. We decide to ‘do without it’
Increasing number of competing firms