Strategic Management
Strategic Management Quiz
Test your knowledge on key concepts in strategic management with our engaging quiz. Dive deep into topics like PESTEL analysis, competitive advantage, and strategic group analysis.
Challenge yourself and discover your understanding of:
- Macro and micro environments
- Competitive advantage theories
- Tools like SWOT and ROIC
PESTEL analysis is:
A type of internal analysis
A source of competitive advantage
A tool to analyze the macro environment
A tool to analyze the competitive environment of an industry
Strategic groups analysis:
Is a tool to identify strengths
Is a tool to identify weaknesses
A tool to analyze the macro environment
Is a tool to identify close competitors
Competitive Advantage is:
Above industry average financial and operational performance
Above industry average manifested exploitation of market opportunities and neutralization of competitive threats
Above industry average idiosyncratic firm resources
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
Industrial organization theory
Market-led theory
Market share theory
Resource-based theory
Superior Performance is:
Above industry average manifested exploitation of market opportunities
Above industry average manifested neutralization of competitive threats
Above industry average financial and operational performance
Above industry average accounting profitability
ROIC ratio measures:
Return on Assets
Return on Equity
The firm performance, as a proxy variable
Return to Net Income
SWOT analysis:
Is a tool to identify opportunities and threats
Is a tool to identify strengths and weaknesses
Is a tool to identify opportunities and threats as well as strengths and weaknesses
Is a tool to design a strategy based on opportunities, threats, strengths and weaknesses
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