Strategic Management - Study Mode

[#151] the following are considered grand strategies, except for:
Correct Answer

(B) Strategic business units

Explanation

Solution: The following are considered grand strategies, except for Strategic business units. Strategic Business Unit (SBU) implies an independently managed division of a large company, having its own vision, mission and objectives, whose planning is done separately from other businesses of the company.

[#152] Analysing the ext environment and the organisations resources are part of the:
Correct Answer

(D) Strategic planning process

Explanation

Solution: Analysing the ext environment and the organisations resources are part of the Strategic planning process. Strategic planning is a process undertaken by an organization to develop a plan for achievement of its overall long-term organizational goals.

[#153] Which of the following is not one of Porters five competitive forces?
Correct Answer

(C) Threats of technological advances

Explanation

Solution: Threats of technological advances is not one of Porters five competitive forces. Porter's five forces include three forces from 'horizontal' competition--the threat of substitute products or services, the threat of established rivals, and the threat of new entrants--and two others from 'vertical' competition--the bargaining power of suppliers and the bargaining power of customers.

[#154] Strategic business units
Correct Answer

(C) Develop their own unique way of competing

Explanation

Solution: Strategic business units develop their own unique way of competing. A strategic business unit, popularly known as SBU, is a fully-functional unit of a business that has its own vision and direction. Typically, a strategic business unit operates as a separate unit, but it is also an important part of the company. It reports to the headquarters about its operational status.

[#155] Marketing current products with possible modifications and range increases is also known as what?
Correct Answer

(D) Market development

Explanation

Solution: Marketing current products with possible modifications and range increases is also known as Market development. Market development is a strategic step taken by a company to develop the existing market rather than looking for a new market.