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How great are you with strategy? Are you winning the game or playing to play? Test your strategy awareness with the following five questions.
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1: In most cases, a company’s capabilities areCorrectIncorrect
2: Which of the following statements about organizational structures is/are TRUE?
I. A functional organization structure is effective in reducing the firm’s costs.
II. Organizing by geography makes sense when the regions the firm competes in are broadly similar.
III. Customer-based organizations emerge when a generalist approach cannot meet the full range of distinct client needs.CorrectIncorrect
3: What is a strategy?CorrectIncorrect
4: What is the aim of successful strategy implementation?CorrectIncorrect
5: Which one of the following helps define the top four of a firm’s playing field broadly?
I. Customer segments
III. Geographical coverage
IV. Age group
V. Income rage
VI. Products and services on offerCorrectIncorrect