week 1 quiz

Question 1

what would you expect to see in a company’s mission statement

Answer 1

A statement of why the company exists

- provides clarity of what the organisation is fundamentally about

Question 2

what type of strategy is concerned with the overall scope of the organisation

Answer 2

Corporate level strategy

Question 3

state the main themes of an organisations strategy statement

Answer 3

a strategy statement should cover goals, scope and advantages so…

• fundamental goals of the company
• the scope of the organisations activities
• the particular advantages or capabilities of the company

Question 4

organisation strategy guarantees the survival of a company. true or false?

Answer 4

False

Question 5

what type of strategy is concerned with the way a business seeks to compete in a particular market

Answer 5

Business strategy

Question 6

who are directly involved in strategy work within an organisation

Answer 6

CEO’s, Middle level managers and lower level managers

Question 7

what three elements constitute the exploring strategy model?

Answer 7

• strategic position
• strategic choices
• strategy in action

Question 8

state the ‘ triple bottom line ‘ objectives

Answer 8

• environmental
• economic
• social

Question 9

google continues to raise external finance to fund continual growth. at what level is this decision likely to be made at

Answer 9

corporate level

Question 10

the fundamental purpose for the existence of a company is stated where?

Answer 10

the company’s mission statement

Question 11

what is not a consideration for the public sector organisations?

Answer 11

Diverse sources of funds