Strategy Methods Questions And Answers

21⟩ What are the reasons for finding strategy methods useful for trust worthy behavior?

Researchers find the strategy method useful for several reasons:

☛ It allows the researcher to observe behavior at rarely-reached decision nodes.

☛ It is convenient for use in statistically representative surveys and field experiments, where households may be sampled through the mail or in personal or telephone interviews.

☛ Because the strategy method requires respondents to think about possible reactions in different situations, it might better reflect their behavior in the field, outside the artificial environment of the laboratory.

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22⟩ Two useful approaches to assess feasibility in financial terms are

* A) Funds flow and break-even analyses

* B) Ratio analyses and investment appraisal

* C) Resource deployment and funds flow analyses

* D) Break-even and ratio analyses

A) Funds flow and break-even analyses

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23⟩ Where an organization is considering strategic development in an existing market with existing products, it should consider (amongst others) the following strategic option

► A) Diversification

► B) Market development

► C) Protect/ build

► D) Protect

C) Protect/ build

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24⟩ Profitability analysis for assessing the acceptability of a strategy include

* A) Return on capital employed, ratio analysis, funds flow analysis

* B) Return on capital employed, payback period, and discounted cashflow

* C) Payback period, discounted cashflow, and decision trees

* D) Ranking, decision trees and scenarios

B) Return on capital employed, payback period, and discounted cashflow

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25⟩ What are the opportunities in strategy methods of business?

Opportunities in the world where the organization can benefit of their current strengths. Opportunities have to be identified, assessed, and finally a subset has to be selected to pursue.

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26⟩ What is the basic concepts business strategy?

Nowadays companies foster an identity of the company by formulating a mission. The mission can be supported by the articulation of typical four company values. The company identity is used for branding: what is the image of the company, how is the company perceived by the market, its customers and its shareholders. The mission and company values tend to be very generic, providing a direction to managers and employees. The leaders in the company formulate a vision: what value can the company bring to the world, what role can the company play. The vision tends to be more market domain specific and will evolve over time. A true vision is a powerful instrument, uniting the company employees by a shared vision. Unfortunately, too many visions are the result of a mechanistic process. The creation of a vision depends on leaders with the ability to combine a huge amount of context data in a sensible picture. A poor vision might result in ghost hunting or lack of cohesion in the organization.

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27⟩ Tell me about the methods for strategy support in business?

Here are a few strategy methods:

☛ Strengths

☛ Weaknesses

☛ Opportunities

☛ Threats

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28⟩ Acceptability assessment concerns

* A) The expected performance outcomes, such as risk, return, and stakeholder reactions, if a strategy is implemented

* B) The resources and competences required to implement the strategy

* C) The strategic fit of the strategy to the future trends and changes in the environment

* D) The stakeholder reaction to a strategy

A) The expected performance outcomes, such as risk, return, and stakeholder reactions, if a strategy is implemented

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29⟩ The relative suitability of strategies could be judged by using the following frameworks

* A) Ranking; ratio analysis; scenario planning

* B) Ranking; decision tree; feasibility study

* C) Feasibility study; decision tree; scenarios

* D) Ranking; decision tree; scenarios

D) Ranking; decision tree; scenarios

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30⟩ What most often is the limitation when assessing return using cost benefit analysis

* A) Clear identification of the key stakeholders

* B) Difficulty in quantification

* C) Identifying objectives of the strategy

* D) Difficulties in establishing the timescales to be applied

B) Difficulty in quantification

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31⟩ Assessing the suitability of a strategy concerns

* A) Whether, a strategy addresses the circumstances in which an organization is operating

* B) The relationship between the intended strategy and the potential outcome

* C) Whether a strategy meets stakeholder expectations

* D) Key resource issues

A) Whether, a strategy addresses the circumstances in which an organization is operating

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32⟩ Tell me about strengths in strategy methods of business?

Strengths of the own organization, including technology and market position, where the organization can build on.

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Strategy Methods

Home Business and Economy Strategy Methods

32 Strategy Methods Questions And Answers

21⟩ What are the reasons for finding strategy methods useful for trust worthy behavior?

22⟩ Two useful approaches to assess feasibility in financial terms are

23⟩ Where an organization is considering strategic development in an existing market with existing products, it should consider (amongst others) the following strategic option

24⟩ Profitability analysis for assessing the acceptability of a strategy include

25⟩ What are the opportunities in strategy methods of business?

26⟩ What is the basic concepts business strategy?

27⟩ Tell me about the methods for strategy support in business?

28⟩ Acceptability assessment concerns

29⟩ The relative suitability of strategies could be judged by using the following frameworks

30⟩ What most often is the limitation when assessing return using cost benefit analysis

31⟩ Assessing the suitability of a strategy concerns

32⟩ Tell me about strengths in strategy methods of business?

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Strategy Methods

Home Business and Economy Strategy Methods

32 Strategy Methods Questions And Answers

21⟩ What are the reasons for finding strategy methods useful for trust worthy behavior?

22⟩ Two useful approaches to assess feasibility in financial terms are

23⟩ Where an organization is considering strategic development in an existing market with existing products, it should consider (amongst others) the following strategic option

24⟩ Profitability analysis for assessing the acceptability of a strategy include

25⟩ What are the opportunities in strategy methods of business?

26⟩ What is the basic concepts business strategy?

27⟩ Tell me about the methods for strategy support in business?

28⟩ Acceptability assessment concerns

29⟩ The relative suitability of strategies could be judged by using the following frameworks

30⟩ What most often is the limitation when assessing return using cost benefit analysis

31⟩ Assessing the suitability of a strategy concerns

32⟩ Tell me about strengths in strategy methods of business?

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