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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?

  • Path dependency
  • Strategic drift
  • Recency bias
  • Transformational change