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Week 10 Strategic Agility Flashcards | StudBud

Explore/Week 10 Strategic Agility

Week 10 Strategic Agility

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Questions 8

Answers

1
How are the concepts of value and the value chain related to strategy?
These concepts relate primarily to for-profit enterprises.
Value points to economic metrics
The value chain defines what is important for stakeholders.
Value chain analysis identifies areas critical to success.
2
There are three key aspects of acceptability - the ‘3 R’s’ are
Risk, rentability, reactions
Risk, Rules, reactions
Risk, Reading, Returns
Risk, return, reactions
3
Business marketing activities must consider their acceptability to...
Pressure groups
Customers
Regulatory organisations
All of these
4
Methods of strategy development are
Organic, M&A and Alliances
Organic, M&A & Inorganic
Inorganic, M&A and Alliances
M&A, Alliances & Factoring
5
Strategy Evaluation - Pick the odd one out
Suitability
Feasibility
Specification
Acceptability
6
What are the main elements of the strategy evaluation ?
Feasibility, Efficient, Acceptability
Acceptability, Sociability, Suitability
I Dont know I want holidays
Suitability, Acceptability, Feasibility
7
Win-Win Strategy
Collaborating
Compromising
Avoiding
Accommodating
8
What is strategy?
Fulfil stakeholder expectations
Gain advantage through resources & competences
All A, B & C
The direction and scope of an organisation over the long term