Blog Archives

1. What does the term “Red Ocean” refer to in strategy? a) Unexplored market spaces b) Highly competitive markets c) Environmental sustainability markets d) Innovation-driven markets Answer: b) Highly competitive markets 2. Which of the following is a characteristic of … Continue reading →

1. What does the BCG Matrix stand for? a) Boston Creative Group Matrix b) Boston Consulting Group Matrix c) Business Competitive Growth Matrix d) Brand Consulting Growth Matrix Answer: b) Boston Consulting Group Matrix 2. What is the primary purpose … Continue reading →

1. Who developed the Business Model Canvas? a) Michael Porter b) Alexander Osterwalder c) Clayton Christensen d) Peter Drucker Answer: b) Alexander Osterwalder 2. What is the purpose of the Business Model Canvas? a) To evaluate financial performance b) To … Continue reading →

1. Who developed the Five Forces Framework? a) Michael Porter b) Peter Drucker c) Henry Mintzberg d) Clayton Christensen Answer: a) Michael Porter 2. What is the purpose of the Five Forces Framework? a) To evaluate internal company strengths b) … Continue reading →

1. What does SWOT stand for in strategic management? a) Strengths, Weaknesses, Opportunities, Threats b) Strategies, Weaknesses, Operations, Targets c) Strengths, Workflows, Objectives, Targets d) Scenarios, Workarounds, Operations, Threats Answer: a) Strengths, Weaknesses, Opportunities, Threats 2. Which of the following … Continue reading →

1. What does the acronym PESTEL stand for? a) Political, Economic, Social, Technological, Environmental, Legal b) Product, Economy, Strategy, Technology, Environment, Leadership c) Political, Equity, Social, Technological, Economic, Legal d) Process, Efficiency, Sustainability, Technology, Environment, Logistics Answer: a) Political, Economic, … Continue reading →

1. Who developed the Balanced Scorecard? a) Michael Porter b) Peter Drucker c) Kaplan and Norton d) Henry Mintzberg Answer: c) Kaplan and Norton 2. What is the primary purpose of the Balanced Scorecard? a) Financial analysis b) Employee performance … Continue reading →

1. What does the IA3 Framework in nonmarket strategy stand for? a) Identify, Analyze, Anticipate, Act b) Influence, Align, Adapt, Advocate c) Integrate, Analyze, Adjust, Act d) Identify, Assess, Adapt, Align Answer: a) Identify, Analyze, Anticipate, Act 2. What is … Continue reading →

1. What does VRIO stand for in strategic management? a) Value, Rarity, Imitability, Organization b) Vision, Resources, Integration, Opportunities c) Value, Resources, Insights, Optimization d) Visibility, Results, Innovation, Operations Answer: a) Value, Rarity, Imitability, Organization 2. What is the primary … Continue reading →