Strategic Management
Strategic Management Quiz
Test your knowledge of strategic management concepts with our engaging quiz! This quiz covers essential topics such as PESTEL analysis, competitive advantage, and SWOT analysis.
- 7 multiple choice questions
- Assess your understanding of strategic frameworks
- Get instant feedback on your performance
PESTEL analysis is:
1. A type of internal analysis
2. A source of competitive advantage
3. A tool to analyze the macro environment
4. A tool to analyze the competitive environment of an industry
Strategic groups analysis:
1. Is a tool to identify strengths
2. Is a tool to identify weaknesses
3. A tool to analyze the macro environment
4. Is a tool to identify close competitors
Competitive Advantage is:
1. Above industry average financial and operational performance
2. Above industry average manifested exploitation of market opportunities and neutralization of competitive threats
3. Above industry average idiosyncratic firm resources
4. Above industry average competencies derived from a bundle of valuable, rare, inimitable and non-substitutable tangible or intangible resources
Which of the below is not a theory about the sources of competitive advantage
1. Industrial organization theory
2. Market-led theory
3. Market share theory
4. Resource-based theory
Superior Performance is:
1. Above industry average manifested exploitation of market opportunities
2. Above industry average manifested neutralization of competitive threats
3. Above industry average financial and operational performance
4. Above industry average accounting profitability
ROIC ratio measures:
1. Return on Assets
2. Return on Equity
3. The firm performance, as a proxy variable
4. Return to Net Income
SWOT analysis:
1. Is a tool to identify opportunities and threats
2. Is a tool to identify strengths and weaknesses
3. Is a tool to identify opportunities and threats as well as strengths and weaknesses
4. Is a tool to design a strategy based on opportunities, threats, strengths and weaknesses
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