Chapter 11 - BUSN 450

Question 1

The SAFe criteria

Answer 1

Suitability
Acceptability
Feasibility

Question 2

Suitability

Answer 2

is concerned with assessing which proposed strategies address the key opportunities & constraints an organisation faces

Question 3

Competitive position within an industry can be

Answer 3

1) Dominant 2) Strong 3) Favourable 4) Tenable 5) Weak

Question 4

Acceptability

Answer 4

is concerned with whether the expected performance outcomes of a proposed strategy meet the expectations of stakeholders

Question 5

There are three key aspects of acceptability - the ‘3 R’s’

Answer 5

• Risk - concerns the extent to which the outcomes of a strategy can be predicted.
• Return - are the financial benefits which stakeholders are expected to receive from a strategy.
• Reactions (of stakeholders).

Question 6

Feasibility

Answer 6

is concerned with whether a strategy could work in practice