LEVEL 4: INT. TO STRATEGIC MGT- WEEK 2 SESSION 1- PESTEL ANALYSIS

Question 1

A mission statement primarily describes:

Accepted Answer

The core purpose and present activities of the business

Question 2

Which of the following best differentiates a mission from a vision?

Accepted Answer

Mission focuses on current purpose, vision focuses on future goals

Question 3

Which of the following is an example of an ‘opportunity’ in SWOT analysis?

Accepted Answer

New untapped market

Question 4

In PESTEL analysis, the 'T' stands for:

Accepted Answer

Technology

Question 5

In SWOT analysis, ‘W’ stands for:

Accepted Answer

Weaknesses

Question 6

Strategic position refers to:

Accepted Answer

An organization’s external and internal context influencing strategy

Question 7

SWOT analysis is best used to:

Accepted Answer

Evaluate strategic position by identifying internal and external factors

Question 8

Which of the following is a typical strategic choice?

Accepted Answer

Entering a new international market

Question 9

The system that explains how a company is run, governed and controlled is called what?

Accepted Answer

Corporate Governance

Question 10

Strategic choices involve decisions about:

Accepted Answer

Future direction, methods, and competitive advantage

Question 11

Which of the following strategy tools helps to judge how business perform optimally than others?

Accepted Answer

Competitive advantage

Question 12

A vision statement is concerned with:

Accepted Answer

Long-term aspirations and desired future state

Question 13

Which of the following is odd in the list?

Accepted Answer

Legal compliance

Question 14

Strategy in action" refers to:

Accepted Answer

C. The implementation and monitoring of strategies

Question 15

Which of the following factors would be analyzed under the 'Technological' element of PESTEL?

Accepted Answer

Cybersecurity trends

Question 16

The SWOT analysis is used to:

Accepted Answer

Analyse internal and external environment

Question 17

PESTEL analysis is primarily used to:

Accepted Answer

Examine external macro-environment

Question 18

Which of the following is most relevant when analyzing a company's strategic position?

Accepted Answer

SWOT and PESTEL analysis

Question 19

Which of the following is key to successful strategy implementation?

Accepted Answer

Clear communication and resource allocation

Question 20

Which of the following is odd from the list?

Accepted Answer

Security

Questions 20