6. Which of the following is not a method of strategy development?
Mergers and acquisitions
Organic development
Foreign direct investment
Strategic alliances
7. In the context of strategic alliances, what is meant by the term 'collaborative advantage'?
The result of managing alliances better than competitors
The benefit of creating a new entity that is owned separately by the partners involved
The benefits of being part of a network of alliances of which an organisation is a member
The aim of two or more organisations in sharing resources and activities to pursue a strategy
8. Which of the following are the correct axes for stakeholder mapping?
Power/interest
Control/interest
Influence/interest
Process/interest
9. Which of the following terms is used for'an organisation that is loosely coordinatedinternationally, but involves dispersion overseas of variousactivities, with goods and services produced locally in each national market’?
Exporter
Transnational
Multidomestic
Global
10. When using PESTEL it is easy to get overwhelmed by a multitude of details. Instead, it is important to step back and identify the:
key drivers for change
complex links between each of the factors
relevant Five Forces that exist
market segments
11. What term is used for something that 'creates substantial growth by offering a new performance trajectory that, even if initially inferior to the performance of existing technologies, has the potential to become markedly superior'?
Platform launch
Disruptive innovation
Sustaining innovation
Positioning option
12. Which type of lens encourages a detached approach to planning and analysis, valuing hard facts and objectivity?
Discourse
Variety
Design
Experience
13. What is meant by the term 'SBU'?
Single business unit
Service bureau unit
Strategic business unit
Strategic board undertaking
14. What term is used for a situation where early events and decisions establish policy paths that have lasting effects on subsequent events and decisions?
Path dependency
Historicisation
Strategic drift
Cyclical strategy
15. What name is given to the purchase of components and services from the most appropriate suppliers around the world regardless of location?
The global–local dilemma
Multidomestic marketing
Global sourcing
International compartmentalisation
16. A film company and a music recording company may choose to combine, believing that the result will be more effective than the sum of the two component parts. What term is used for the benefits?
Diversification
Consolidation
Synergy
Integeration
17. Which of the following definitions explains what is meant by the corporate parent?
The owner or major shareholder of the corporation
The founder of the business
The levels of management above that of business units
The central head office of the organisation
18. What term is used for the 'long-term direction of an organisation'?
Strategy
Mission
Goals
Vision
19. Best-in-class benchmarking seeks to assess organisational performance against:
the competitor who is ’best inclass’ wherever that may be.
The nearest geographical competitor.
The nearest principal competitor.
The competitor who is the best in the industry
20. The QWERTY typewriter layout is an example of which of the following?