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Question 132 pts How does contingency planning impact overall…
Question 132 pts
How does contingency planning impact overall strategy?
Group of answer choices
Contingency planning replaces overall strategy.
Contingency planning supports overall strategy.
Contingency planning has no impact on overall strategy.
Contingency planning detracts from the overall strategy.
Flag question: Question 14Question 142 pts
What is the relationship between stakeholder engagement and business success?
Group of answer choices
Stakeholder engagement is sufficient for business success but not necessary.
Stakeholder engagement has no relationship to business success.
Stakeholder engagement is necessary for business success but not sufficient.
Stakeholder engagement is both necessary and sufficient for business success.
Flag question: Question 15Question 152 pts
Which of the following is an example of a social factor in business strategy?
Group of answer choices
Government regulations
Technological advancements
Industry structure
Demographics
Flag question: Question 16Question 162 pts
What is the purpose of conducting a PESTEL analysis in strategy formulation?
Group of answer choices
To determine the company’s market position
To assess the organization’s political, economic, social, technological, environmental, and legal environment
To evaluate the organization’s strengths, weaknesses, opportunities, and threats
To assess the external environment
Flag question: Question 17Question 172 pts
What is the relationship between culture and strategy execution?
Group of answer choices
Culture has no relationship to strategy execution.
Culture is both necessary and sufficient for strategy execution.
Culture supports strategy execution.
Culture is necessary for strategy execution but not sufficient.
Flag question: Question 18Question 182 pts
Which type of diversification involves adding new products or services to an existing market?
Group of answer choices
Related diversification
Unrelated diversification
Concentric diversification
Horizontal diversification
Flag question: Question 19Question 192 pts
Which of the following is an example of a cultural factor in business strategy?
Group of answer choices
Consumer attitudes
Industry structure
Economic conditions
Technological advancements
Flag question: Question 20Question 202 pts
Which of the following is an example of a resource factor in business strategy?
Group of answer choices
Financial resources
Technological advancements
Market trends
Company culture
Flag question: Question 21Question 212 pts
What is the relationship between a company’s resources, capabilities, and competitive advantage?
Group of answer choices
Resources and capabilities have no relationship to a company’s competitive advantage.
Resources and capabilities are necessary for a company to have a competitive advantage, but they are not sufficient.
Resources and capabilities are both necessary and sufficient for a company to have a competitive advantage.
Resources and capabilities are sufficient for a company to have a competitive advantage, but they are not necessary.
Flag question: Question 22Question 222 pts
What is the most important element of strategy execution?
Group of answer choices
Communicating strategy effectively to stakeholders
Developing a clear and concise strategy
Building a strong culture of execution
Aligning organizational resources with strategy
Flag question: Question 23Question 232 pts
Which type of diversification involves expanding into completely unrelated businesses?
Group of answer choices
Related diversification
Concentric diversification
Horizontal diversification
Unrelated diversification
Flag question: Question 24Question 242 pts
What is diversification in business strategy?
Group of answer choices
Focusing on a single product or service
Expanding a company’s product line or entering new markets
Selling off non-core businesses
Eliminating competition
Flag question: Question 25Question 252 pts
What is the purpose of a fishbone diagram in root cause analysis?
Group of answer choices
To determine the consequences of a problem or issue
To develop a solution to a problem or issue
To identify the underlying causes of a problem or issue
To evaluate the immediate causes of a problem or issue
Flag question: Question 26Question 262 pts
What is the relationship between strategy and processes in strategy execution?
Group of answer choices
Processes drive strategy in strategy execution.
Strategy and processes are unrelated in strategy execution.
Strategy drives processes in strategy execution.
Strategy and processes are interdependent in strategy execution.
Flag question: Question 27Question 272 pts
What is the purpose of conducting an internal analysis in strategy formulation?
Group of answer choices
To evaluate the company’s competitors
To identify the organization’s strengths, weaknesses, opportunities, and threats
To assess the external environment
To determine the company’s market position
Flag question: Question 28Question 282 pts
What is the role of scenario planning in contingency planning?
Group of answer choices
To identify potential risks and develop response strategies
To predict the future and develop plans accordingly
To eliminate all risk from a business
To provide a backup plan in case of unexpected events
Flag question: Question 29Question 292 pts
What is the difference between internal and external stakeholders regarding their engagement in business strategy?
Group of answer choices
There is no difference between internal and external stakeholders in terms of their engagement in business strategy.
Both internal and external stakeholders are equally engaged in business strategy.
Internal stakeholders are more engaged in business strategy than external stakeholders.
External stakeholders are more engaged in business strategy than internal stakeholders.
Flag question: Question 30Question 302 pts
What is the role of communication in strategy execution?
Group of answer choices
Communication is used to inform stakeholders about strategy execution.
Communication is used to align stakeholders with strategy execution.
Communication has no role in strategy execution.
Communication is used to both inform and align stakeholders with strategy execution.
