1. The pie slices within the circles of a ________ reveal the percent of corporate profits contributed by each division
a) QSPM
b) BCG matrix
c) SPACE matrix
d) Grand strategy matrix
2. Which one of the following is of concern for not-for-profit organizations
a) The markets to service
b) Identifying suppliers to deal with
c) Developing capabilities
d) Building monopolies
3. Select the statement that best applies to emergent strategies. Emergent strategy...
a) implies an ability to react to events
b) implies strategizing
c) implies no deviation from plans
d) implies constant evaluation of the bigger picture
4. The impact of strategies on the general direction and basic character of a company is
a) short range
b) medium range
c) long range
d) minimal
5. Select the most accurate statement. Value
a) means value for money
b) is best described as the benefits the business chooses to give to customers through its product/service
c) is the benefits of a product/service as perceived by the customer
d) does not offer competitive advantage
6. A _______ strategy addresses organizational weaknesses, helps stabilize operations and revitalizes organizational resources and capabilities
a) unrelated diversification
b) horizontal integration
c) vertical integration
d) retrenchment
7. Which one of the following are considered to be synergistic benefits for LVMH?
a) Joint ventures
b) Similarity of portfolio
c) Commercial exploitation
d) Name association
8. An organization is said to have _______ when it has several different businesses that are independent and that formulate their own strategies
a) operational units
b) strategic business units
c) competitive advantages
d) legal subunits
9. Which of the following is a force in the Porter's five forces model of industry attractiveness?
a) opportunity for new entrants
b) opportunity for substitutes
c) bargaining power of suppliers
d) sustainable competitive advantage for customers
10. Which one of the following is not one of the elements of strategic thinking described by Campbell and Alexander (1997)?
a) Organizational culture
b) Outlining of competencies
c) Future-gazing
d) Organizational behavior