1⟩ ‘Hard’ human resource approaches are concerned with which of the following?
► A) Issues of performance management
► B) The most difficult issues
► C) Recruitment and training
► D) Peoples’ behavior
A) Issues of performance management
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“Successful Strategy Interview Questions and Answers will guide you how to Enabling Successful Corporate Strategy in an organization, and corporate strategy there are typically business-level competitive strategies and functional unit strategies. So learn more about Successful Corporate Strategy with the help of this Successful Strategy Interview Questions with Answers guide”
27 Successful Strategy Questions And Answers
2⟩ ‘Soft’ human resource approaches are concerned with which of the following
► A) Systems and procedures
► B) The easy issues
► C) Peoples’ behavior
► D) Culture
C) Peoples’ behavior
3⟩ A business model describes
* A) Product flows, service flows, information flows, market positioning
* B) Product flows, service flows, information flows, participants’ roles
* C) The business plan, product flows, information flows, market positioning
* D) The business plan, product flows, information flows, participants’ roles
B) Product flows, service flows, information flows, participants’ roles
4⟩ Data mining is about
* A) Finding trends and connections in data to inform competitive strategy
* B) Gathering data from new sources
* C) Making more of the available data
* D) Finding trends and connections in data
A) Finding trends and connections in data to inform competitive strategy
5⟩ R&D is best funded from & located at the corporate centre for
* A) Commercializing new technologies
* B) Product or process improvements
* C) Development of new technologies
* D) Assessing new technologies
D) Assessing new technologies
6⟩ Short-term human resource activities should be linked to which of the following?
► A) Business strategies
► B) All of answers A, C and D
► C) Long-term human resource strategies
► D) Other short-term human resource strategies
B) All of answers A, C and D
7⟩ The impact on core competences of enhanced information processing capability is to
► A) Build core competences
► B) Destroy core competences
► C) Build or destroy core competences
► D) Neither builds nor destroys core competences
C) Build or destroy core competences
8⟩ A human resources function could undertake the following roles?
► A) Service provider, regulator, advisor, change agent
► B) Service provider, regulator, recruiter, change agent
► C) Service provider, regulator, advisor, benchmarking
► D) Recruitment, regulator, advisor, benchmarking
A) Service provider, regulator, advisor, change agent
9⟩ Tell me what needs happen to break-even?
You need to play around with financial projections and forecasts to determine the volume of sales needed to cover your expenses and to become profitable. Include monthly breakdowns for the first two years.
10⟩ Diffusion is
* A) The extent and pace of market adoption
* B) The pace of technological improvement of products
* C) the factors that influence ‘, early adopters ’, of products
* D) Degree of improvement in product performance
A) The extent and pace of market adoption
11⟩ During the launch period, strategies are best funded by
* A) Venture capital
* B) Long term loans
* C) Growth investors
* D) Retained earnings
A) Venture capital
12⟩ Market conditions will have the biggest influence on prices for which of the following
* A) New products or services
* B) Overseas sales
* C) Commodity products or services
* D) Customized products or services
C) Commodity products or services
13⟩ Enhanced information processing capability can contribute most too low price strategies through which of the following
* A) Improving product features
* B) Lowering prices
* C) Customization
* D) Routinisation
D) Routinisation
14⟩ Shareholder value is determined by
* A) The long-term cash-generating capability of the organization
* B) The share price
* C) Dividend payments
* D) Investments
A) The long-term cash-generating capability of the organization
15⟩ Share your ideas how does company differentiate itself?
Describe your business model and competitive advantage. This will help you to outline how the business will sustain its position within the market.
16⟩ Tell me about your most effective marketing and promotional strategies?
Once you've identified your target client, you'll need to develop and implement a strategy on how best to reach them (e.g. PPC, television, radio, social, etc). And this in large part will be influenced by where your target client consumes information.
17⟩ Do you know how much money required to get business started and generating revenue?
Identify needed capital requirements by determining where your business stands today, and what is needed in order to move forward. Also, if you are in need of outside funding, what will be the sources and uses of funds requested.
18⟩ Do you know who will be the key players in the business?
The management team, board and advisers to the business. Highlight their expertise and experiences.
19⟩ Do you know about the need that business exists to satisfy?
Every business exists because of some noticeable opportunity that you have discovered within the market. So you must clearly define the need and/or problem you are solving with this business.
20⟩ Define economics of your business?
Define your revenue streams including pricing structure, costs, margins and expenses.
