Strategic Management - Study Mode

[#121] Which of the following is not a key planning element of spheres of influence?
Correct Answer

(C) Cost base

Explanation

Solution: Cost base is not a key planning element of spheres of influence. The cost base of a capital gains tax (CGT) asset is generally the cost of the asset when you bought it, plus certain other costs associated with acquiring, holding and disposing of the asset.

[#122] ____________ assesses the whole strategic management process
Correct Answer

(A) Strategic audit

Explanation

Solution: Strategic audit assesses the whole strategic management process. A strategic audit is an in-depth review to determine whether a company is meeting its organizational objectives in the most efficient way. Additionally, it examines whether the company is utilizing its resources fully. A successful strategic audit is beneficial to any company.

[#123] __________ of an organization deals with investigation of organizational strengths and weaknesses by focusing on factors which are relevant to it
Correct Answer

(B) Internal analysis

Explanation

Solution: Internal analysis of an organization deals with investigation of organizational strengths and weaknesses by focusing on factors which are relevant to it. An internal analysis is an exploration of your organization's competency, cost position and competitive viability in the marketplace. Conducting an internal analysis often incorporates measures that provide useful information about your organization's strengths, weakness, opportunities and threats – a SWOT analysis.

[#124] Which of the following is one of the factors related to the issue of the feasibility of a strategy?
Correct Answer

(C) Finance and other resource availability

Explanation

Solution: Finance and other resource availability is one of the factors related to the issue of the feasibility of a strategy. Financial resources is a term covering all financial funds of the organization. From an economic perspective financial resources are the part of the organization’s assets (property).

[#125] _________ strategies are also known as grand or root strategies
Correct Answer

(A) Corporate

Explanation

Solution: Corporate strategies are also known as grand or root strategies. A corporate strategy entails a clearly defined, long-term vision that organizations set, seeking to create corporate value and motivate the workforce to implement the proper actions to achieve customer satisfaction.