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An organization's external environment consists of the general or macro environment
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Seminar 2

Questions and Answers

BS2232 Business Policy

 

 

Questions

and Answers from:

Understanding Strategic Management,

2nd edition

 

 

 

Group 1 Questions

Question 1

It is generally agreed that the role of strategy is to:

a) Make best use of resources

b) Achieve competitive advantage

c) Make profits for the organization

d) Make the best products and services

Question 5

An organization's external environment consists of the general or macro environment and:

a) The internal environment

b) The competitive environment

c) The specific environment

d) The micro-environment

 

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Question 8

The goals of an organization derive from its:

a) Strategy

b) Purpose

c) Objectives

d) Mission

Question 9

Decisions regarding which industries to compete in are the concern of:

a) Business level strategy

b) Corporate level strategy

c) Mergers and acquisitions

d) Functional level strategy

 

 

 

Question 13

The process of following weak signals in the environment is referred to as:

a) Predicting

b) Scanning

c) Forecasting

d) Monitoring

Question 17

Porter's Five Forces framework is based on the principle of:

a) Resource-based view

b) Conduct - structure - performance

c) Structure - conduct – performance

d) Econometrics

 

 

Group 2 Questions

Question 2

According to

Porter (1996)

in his article 'What is strategy?', strategy is about being:

a) Different

b) Better

c) Bigger

d) Open minded

Question 4

Kay (1993)

sees the strategy of an organization as matching internal capabilities with:

a) The external environment

b) Its external relationships

c) Its customer needs

d) The industry life cycle

 

 

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