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| Section | Objectives |
|---|---|
| Topic 1: Strategy Formulation | - Strategic analysis of external environment
|
| Topic 2: Strategic Choices | - Business unit strategy
|
| Topic 3: Strategy Implementation | - Change management
|
1. RRR is an insurance company which maintains an extensive database of its customer transactions over the last 10 years. RRR is developing a new product and has carried out a SWOT analysis.
Within which of the following aspects of the SWOT analysis would RRR include its customer database?
A) Weakness
B) Strength
C) Threat
D) Opportunity
2. DRAG DROP
PQ is an international airline.
In accordance with Porter's Value Chain, select "Primary" or "Support" for each of the activities listed below:
Select and Place:
Correct
3. Which THREE of the following frameworks are used solely to evaluate the external environment of an organization? (Choose three.)
A) SWOT analysis
B) PEST Analysis
C) Porter's Value Chain
D) Kaplan and Norton's Balanced Scorecard
E) Porter's Diamond
F) Porter's Five Forces Model
4. You have been given responsibility, as a newly qualified management accountant, for delivering an ambitious project to centralize and computerize the accounts function within a medium-sized, geographically dispersed business. The timetable also requires the project to be delivered within a very short timescale with limited resources. You have built a team to deal with these proposed changes.
With regard to effective teams and change, which THREE of the following statements are correct? (Choose three.)
A) Teams that cross departmental boundaries can develop new performance criteria.
B) Individuals must become more than they were when working alone and must develop new commitments and behaviors.
C) Teams should continue after their purpose has been served.
D) Teams enhance learning and address change directly through creating recommendations and new ideas.
E) Teams play minor roles in institutional change.
F) Teams that cross departmental boundaries can destroy shared values.
5. TUV had an employee turnover rate of 25% among new recruits and was becoming short of skilled workers.
The Board of TUV realized there was something dramatically wrong and called in consultants to assess the problem. The consultants recommended transformational change in that TUV should redesign the entire production system, change the placement of all equipment and the flow of work, redefine every job and give all workers new assignments.
Which type of change did the consultants recommend for TUV?
A) Evolution
B) Revolution
C) Adaptation
D) Reconstruction
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: Only visible for members | Question # 3 Answer: B,C,F | Question # 4 Answer: A,B,D | Question # 5 Answer: D |
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