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5 Written Questions

5 Matching Questions

  1. S. W. O. T
  2. T. O. W. S. Analysis
  3. Psychological Biases
  4. What are Stakeholders?
  5. Strategic goal
  1. a S- Strengths

    W- Weaknesses

    O- Opportunities

    T- Threats
  2. b major targets or end results relating to long-term survival, value and growth
  3. c Groups and individuals who affect and are affected by the achievement of the organization's mission, goals, and strategies.
    EX: Buyers, suppliers, competitors, government and regulatory agencies, unions and employee groups, financial community, owners and shareholders, and trade associations.
    The environmental analysis examines stakeholders
    St. Paul Public Library
  4. d Expanded SWOT analysis that yields more information because it analyzes how to overcome weaknesses using strengths or how to negate threats with opportunities
  5. e a. Illusion of Control = over-confidence
    b. framing effects - painting a pretty picture
    c. discounting the future - focusing only on short term

5 Multiple Choice Questions

  1. Evaluate progress and take corrective action.
    Encourage efficient operations
    Adapt to changing conditions.
    Includes a budget
  2. The long-term direction and strategic intent of a company.
    Points to the future
    Inspire organization members
    Offer a worthwhile target for the entire organization to work together to achieve.
    Points to where the organization is headed and what it can become
  3. • Psychological Biases
    • Time Pressures:
    • Social Realities
  4. Define strategic tasks.
    Assess organization capabilities.
    Develop an implementation agenda.
    Create an implementation plan.
  5. a strategy an organization uses to build competitive advantage by being efficient and offering a standard, no-frills product. (Walmart)

5 True/False Questions

  1. Differentiation Strategya strategy an organization uses to build competitive advantage by being unique in its industry or market segment along one or more dimensions. (Nordstrom)

          

  2. Core competenceA unique skill and/or knowledge an organization possesses that gives it an edge over competitors

          

  3. Barriers to Good DecisionsThe long-term direction and strategic intent of a company.
    Points to the future
    Inspire organization members
    Offer a worthwhile target for the entire organization to work together to achieve.
    Points to where the organization is headed and what it can become

          

  4. Question MarksBCG Category of Business: high-growth, weak-competitive position businesses require substantial investment to improve their position, or else they should be divested.

          

  5. External Threats and OpportunitiesIndustry profile
    Industry growth
    Industry forces
    Competitor profile
    Competitor analysis
    Competitor advantages
    Legislation and regulatory activities
    Political activity
    Social issues
    Social interest groups
    Labor issues
    Macroeconomic conditions
    Technological factors

          

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