Assignment: MGT450 Strategic Planning

Assignment: MGT450 Strategic Planning

Assignment: MGT450 Strategic Planning

MGT 450 Strategic Planning for Organizations

Week 2 Quiz (All correct)

Question 1

An entrepreneurial mindset is:

Seeing things from a customer’s perspective

Noticing a problem that exists

Being able to state the problem clearly

Finding opportunities

All of the above

Question 2

Which of the following cannot be deduced from a strategic-group map?

Competitors that are strategically similar

Market shares of individual competitors

Areas of unserved demand

Competitors that are not really competitors

Entry barriers of different strategic groups

Question 3

Strategic thinking is best done during the annual strategic-planning process.

True

False

Question 4

Which of the following is not an industry driving force?

Changes in the industry growth rate

Increasing pace of technological change

Increasing globalization of the industry

Developing a core competence

Rising energy costs

Question 5

Finding a “blue ocean” or “situational monopoly” is a legitimate part of strategic thinking.

True

False

Question 6

A company that is not actively pursuing opportunities won’t be in business very long.

True

False

Question 7

A situational monopoly is one of the following:

An instant monopoly

Something no other competitor has

An ownable space for a useful period of time

An opportunity to charge more than competitors

None of the above

Question 8

What is at the core of blue-ocean strategy?

Satisfying customers

Being differentiated

Value innovation

Industry repositioning

None of the above

Question 9

Which of the following is not a barrier to entry?

Distribution channels all tied up

Ability to forge strategic alliances

High capital investment

Developing a brand reputation

Competitors with lower costs

Question 10

Which factor is typically not included in an industry-attractiveness analysis?

Size of potential market

Industry growth rate

Size of entry barriers

Financial strength

Degree of competition

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  Discussion Questions (DQ)

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  • I highly recommend using the APA Publication Manual, 6th edition.

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