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5 Written Questions

5 Matching Questions

  1. Why are most SWOT Analyses not valid?
  2. Low Cost Strategy
  3. T. O. W. S. Analysis
  4. Stars
  5. Core competence
  1. a Expanded SWOT analysis that yields more information because it analyzes how to overcome weaknesses using strengths or how to negate threats with opportunities
  2. b A unique skill and/or knowledge an organization possesses that gives it an edge over competitors
  3. c BCG Category of Business: Businesses with high growth and a strong competitive position require heavy investment
  4. d They don't segment the data and they are too generalized.
  5. e a strategy an organization uses to build competitive advantage by being efficient and offering a standard, no-frills product. (Walmart)

5 Multiple Choice Questions

  1. 1. Analyze the situation
    2. Alternative goals and plans
    3. Goal and plan evaluation
    4. Goal and plan selection
    5. Implementation
    6. Monitor and Control Performance
  2. S- Strengths

    W- Weaknesses

    O- Opportunities

    T- Threats
  3. Industry 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
  4. Evaluate progress and take corrective action.
    Encourage efficient operations
    Adapt to changing conditions.
    Includes a budget
  5. 1. Identify and diagnose problem
    2. Generate alternative solutions
    3. Evaluate alternatives
    4. Make the choice
    5. Implement the plan
    6. Evaluate and repeat

5 True/False Questions

  1. Differentiation StrategyStrategies that are implemented by each functional area of the business to support the business strategy.
    Includes major functional areas like production, human resources, marketing, etc.
    The last strategy to be developed

          

  2. What are Stakeholders?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

          

  3. Questions to ask in strategic planningWhere will we be active?
    How will we get there?
    How will we win the marketplace?
    How fast will we move, and in what sequence will we make changes?
    How will we obtain financial returns?

          

  4. When evaluating goals and plans, need to :Industry 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

          

  5. BenchmarkingHigh Growth, Weak Competitive position: Question marks

    High Growth, Strong Competitive position: Stars

    Low Growth, Weak Competitive position: Dogs

    Low Growth, Strong Competitive position: Cash Cows

          

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