D081 BUS 2080
Innovative & Strategic Thinking
OBJECTIVE ASSESSMENT GUIDE
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,1. Multiple Choice: Which of the following is a key characteristic of
strategic thinking?
a) Focusing on short-term objectives
b) Adhering strictly to traditional methods
c) Anticipating future trends and issues
d) Avoiding risk at all costs
Correct Answer: c) Anticipating future trends and issues
Rationale: Strategic thinking involves looking ahead and
preparing for future developments, rather than just focusing on
immediate concerns.
2. Fill-in-the-Blank: __________ is the process of identifying and
leveraging unique opportunities to create value.
Correct Answer: Opportunity recognition
Rationale: Opportunity recognition is a core component of
innovative thinking, allowing businesses to find and exploit
openings for competitive advantage.
3. True/False: Innovation always requires a completely new idea or
product.
© WGU 2024/2025
, Correct Answer: False
Rationale: Innovation can also involve improving or recombining
existing ideas or products in a way that adds value.
4. Multiple Response: Select all that apply. Which of the following
are elements of a SWOT analysis?
a) Strengths
b) Weaknesses
c) Opportunities
d) Threats
e) Objectives
Correct Answers: a) Strengths, b) Weaknesses, c)
Opportunities, d) Threats
Rationale: SWOT analysis is a strategic planning tool used to
identify and analyze the internal and external factors that can
impact an organization.
5. Multiple Choice: In the context of IT management, which of the
following best describes 'agile' methodologies?
a) A rigid and strictly sequenced approach
b) A flexible and iterative approach
c) A top-down management style
d) A cost-focused strategy
© WGU 2024/2025
Innovative & Strategic Thinking
OBJECTIVE ASSESSMENT GUIDE
© WGU 2024/2025
,1. Multiple Choice: Which of the following is a key characteristic of
strategic thinking?
a) Focusing on short-term objectives
b) Adhering strictly to traditional methods
c) Anticipating future trends and issues
d) Avoiding risk at all costs
Correct Answer: c) Anticipating future trends and issues
Rationale: Strategic thinking involves looking ahead and
preparing for future developments, rather than just focusing on
immediate concerns.
2. Fill-in-the-Blank: __________ is the process of identifying and
leveraging unique opportunities to create value.
Correct Answer: Opportunity recognition
Rationale: Opportunity recognition is a core component of
innovative thinking, allowing businesses to find and exploit
openings for competitive advantage.
3. True/False: Innovation always requires a completely new idea or
product.
© WGU 2024/2025
, Correct Answer: False
Rationale: Innovation can also involve improving or recombining
existing ideas or products in a way that adds value.
4. Multiple Response: Select all that apply. Which of the following
are elements of a SWOT analysis?
a) Strengths
b) Weaknesses
c) Opportunities
d) Threats
e) Objectives
Correct Answers: a) Strengths, b) Weaknesses, c)
Opportunities, d) Threats
Rationale: SWOT analysis is a strategic planning tool used to
identify and analyze the internal and external factors that can
impact an organization.
5. Multiple Choice: In the context of IT management, which of the
following best describes 'agile' methodologies?
a) A rigid and strictly sequenced approach
b) A flexible and iterative approach
c) A top-down management style
d) A cost-focused strategy
© WGU 2024/2025
