Strategic Management

Question 1

The Economic factor in STEEPLE analysis would be concerned with

Accepted Answer

unemployment rates, Inflation, Economic growth, Monetary policy such as Interest rates

Question 2

The values of the business are linked to

Accepted Answer

The vision statement

Question 3

Factors that represent Legal in STEEPLE Analysis include

Accepted Answer

Government tax policies, Competition and consumer law, Employment law

Question 4

The external environment

Accepted Answer

factors outside the business that there is little control

Question 5

Your vision statement outlines

Accepted Answer

Where you want to be

Question 6

The internal environment

Accepted Answer

factors inside the business that the business controls

Question 7

The T in STEEPLE represents

Accepted Answer

external Technological factors

Question 8

STEEPLE Analysis has also been known as

Accepted Answer

SLEPT and PESTLED analysis, PEST and PESTEL analysis

Question 9

Internal strengths or weaknesses could be

Accepted Answer

People, Systems, Finance and Products

Question 10

what is the best description ofthe L in STEEPLE Analysis

Accepted Answer

External legal factors that impact a businesses environment

Question 11

This statement defines the purpose and primary objectives of the organisation

Accepted Answer

Mission

Question 12

Are individuals who have an active economic and possibly moral interest in an organisation

Accepted Answer

Stakeholders

Question 13

This statement gives your business direction and communicates the values of the businesss.

Accepted Answer

Vision Statement

Question 14

The three E's in STEEPLE analysis represent

Accepted Answer

Environmental, Economic and Ethical factors

Question 15

SWOT Analysis is a tool

Accepted Answer

used for evaluating the organisation and its environment.

Question 16

Technological factors in the STEEPLE Analysis include

Accepted Answer

Research and Development, New innovation and inventions in the market, The speed of technology transfer

Question 17

Internal Environment in the SWOT

Accepted Answer

Strengths and Weaknesses

Question 18

Ethical factors in the STEEPLE analysis include the

Accepted Answer

businesses method of attaining & retaining quality customers, businesses method of attaining and retaining quality staff, businesses publicity that is generated

Question 19

An agreed goal is

Accepted Answer

have the approval and understanding of everyone involved.

Question 20

Objectives are the outcomes that the business wants to gain in order to achieve its

Accepted Answer

aims

Question 21

The environmental factors in STEEPLE Analysis would be concerned with

Accepted Answer

Environmental regulations, Reputational consequences, health scares such as SARS, ECOLI

Question 22

Environmental factors include

Accepted Answer

natural resources - water, wind, food, environmental regulations, Pollution

Question 23

A goal that is able to be achieved taking into account its resources, market and competition

Accepted Answer

Realistic

Question 24

External Opportunities and Threats could be

Accepted Answer

economic climate, ecology, market, interest rates, FX rates.

Question 25

Factors in the Political environment could include

Accepted Answer

Political Corruption, Political Stability, Government monetary policy

Question 26

What does the S in SMART Goal signify?

Accepted Answer

Specific goal

Question 27

External environment in a SWOT analysis

Accepted Answer

Threats and Opportunities

Question 28

Your mission statement outlines

Accepted Answer

Where you are in the present

Question 29

SWOT Analysis looks at the businesses

Accepted Answer

Strengths, Weaknesses, Opportunities and Strengths

Question 30

What are the S factors the STEEPLE Analysis ?

Accepted Answer

Social factors

Question 31

The central aim of an organisation is to

Accepted Answer

maximise shareholders value

Question 32

In the STEEPLE analysis, Social factors are

Accepted Answer

Demographics factors

Question 33

The P in STEEPLE Analysis represents

Accepted Answer

External threats and opportunities from the Political arena

Question 34

By a 'Specific' goal it means

Accepted Answer

stating exactly what it is trying to achieve

Question 35

A SMART corporate objective would be

Accepted Answer

to increase profits of all divisions by 5% by 30/6/18to

Question 36

In the acronym SMART - a 'measureable' goal is a goal that

Accepted Answer

is able to be measured to see if they have achieved it.

Question 37

A goal that states a time by which it should be achieved.

Accepted Answer

Time Specific

Strategic Management

Questions 37

Strategic Management

Questions 37