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
Which of the following is used to understand potential future impact
of factors that are external to an organisation?
Select one:
1. PESTLE
2. Resource Audit
3. MOST Analysis
4. Boston Box
PESTLE
Which analysis technique examines the current mission, objectives, strategy and tactics, and considers whether these are clearly defined and supported within the organisation? Select one: 1. Five Forces Model 2. PESTLE 3. Boston Matrix 4. MOST
MOST
The goals against which the organisation’s achievements can be measured are defined as: Select one: 1. Objectives 2. Mission 3. Strategy 4. Tactics
Objectives
A statement declaring what business the organisation is in, and what
it is intending to achieve can be defined as:
Select one:
1. Strategy
2. Mission
3. Objectives
4. Tactics
Mission
Which of the following can help an organisation to identify core competences
that could provide the ability to create new or unexpected products or services?
Select one:
1. Technical audit
2. Social audit
3. Financial audit
4. Resource audit
Resource audit
Which of the following is not a tangible resource? Select one: 1. Physical 2. Reputation 3. Financial 4. Human
Reputation
The approach that is going to be taken by the organisation in order to achieve the objectives and mission is defined as: Select one: 1. Mission 2. Objectives 3. Strategy 4. Tactics
Strategy
The detailed means by which the strategy will be implemented by the organisation is defined as: Select one: 1. Objectives 2. Tactics 3. Strategy 4. Mission
Tactics
Which of the following are measures that an organisation uses to find out how well it is doing? Select one: 1. Objectives 2. CSFs 3. Metrics 4. KPIs
KPIs
A strategic study for a retail company and has identified a large number of groups lobbying against the use of cheap labour i.e. underage workers / sweatshop conditions. Which PESTLE category would you categorize this threat as? Select one: 1. Political 2. Environmental 3. Economic 4. Technological
Environmental
Which technique could assist an organisation in identifying strengths and weaknesses by assessing core competencies? Select one: 1. Boston box (portfolio analysis) 2. MOST analysis 3. SWOT analysis 4. Resource audit
Resource audit
Which of the following are classified as intangible resources during a Resource audit of an organisation? Select one: 1. Capital investment 2. Committed, experienced staff 3. Buildings, plant and equipment 4. Patents and trademarks
Patents and trademarks
Which of the following strategies focuses on the delivery of the corporate and SBU strategies through the effective organisation and development of resources, processes and people? Select one: 1. Financial strategy 2. Operational strategy 3. Business unit strategy 4. Corporate strategy
Operational strategy
Which of the following strategies addresses choice of products, pricing, customer satisfaction and competitive advantage? Select one: 1. Corporate strategy 2. Financial strategy 3. Operational strategy 4. Business unit strategy
Business unit strategy
Strategies exist at different levels in an organisation. Which of the following is not a typical level of strategy? Select one: 1. Corporate strategy 2. Business unit strategy 3. Operational strategy 4. Financial strategy
Financial strategy
A written statement of strategy is needed for many reasons, except:
Select one:
1. It provides a framework for a practical allocation of investment and other resources.
2. It enables appropriate performance measures to be put in place that measures KPI.
3. It enhances the chances of growth
4. It tells the outside world about the organisation.
It enhances the chances of growth
Which of the following strategies is concerned with the overall purpose and scope of the business? Select one: 1. Financial strategy 2. Business unit strategy 3. Operational strategy 4. Corporate strategy
Corporate strategy
Under which category of a SWOT, should an organisation record the fact that they employ ill-trained, de-motivated staff? Select one: 1. Threats 2. Learning and Growth 3. Skills 4. Weaknesses
Weaknesses
Which technique to help formulate strategy, is of limited use unless it is uses the results of both internal and external environment analysis? Select one: 1. SWOT analysis 2. Resource audit 3. PESTLE 4. MOST analysis
SWOT analysis
Old equipment and buildings in a poor state of repair would be classified as what during a SWOT analysis. Select one: 1. Strength 2. Opportunity 3. Threat 4. Weakness
Weakness
