This is a complete list of questions from the entire book, only the most important core concepts. All answers are given. They go from general to more complex. At the end I put several questions that were on the real test (University of Pennsylvania /Wharton)
TEST BANK
112 questions and answers from all chapters
Exploring Strategy
Richard Whittington
13th edition 2023
Level: average
On the last page I put 12 questions that were on the final exam
,Contents
1. Introducing Strategy................................................................................3
2. The Environment.....................................................................................3
3. Strategic Capabilities...............................................................................4
4. Strategic Purpose....................................................................................4
5. Culture and Strategy...............................................................................4
6. Business Strategy....................................................................................5
7. Corporate Strategy and Diversification...................................................5
8. International Strategy..............................................................................5
9. Innovation and Entrepreneurship............................................................6
10. Mergers, Acquisitions, and Alliances.....................................................6
11. Evaluating Strategies............................................................................6
12. Strategy Development Processes..........................................................7
13. Organizing for Success..........................................................................7
14. Leadership and Strategic Change..........................................................7
15. The Practice of Strategy........................................................................7
16. Introducing Strategy (Advanced)...........................................................8
17. The Environment (Advanced)................................................................8
18. Strategic Capabilities (Advanced).........................................................9
19. Strategic Purpose (Advanced)...............................................................9
20. Culture and Strategy (Advanced)..........................................................9
21. Business Strategy (Advanced).............................................................10
22. Corporate Strategy and Diversification (Advanced)............................10
23. International Strategy (Advanced)......................................................11
26. Evaluating Strategies (Advanced).......................................................12
28. Organizing for Success (Advanced).....................................................13
29. Leadership and Strategic Change (Advanced)....................................13
30. The Practice of Strategy (Advanced)...................................................14
31. General Knowledge.............................................................................14
Questions and answers that were on the test, summer 2024...................15
, 1. Introducing Strategy
1. What is strategy?
Strategy is the long-term direction of an organization.
2. What are the three horizons of strategy?
o Horizon 1: Extend and defend the core business.
o Horizon 2: Build emerging businesses.
o Horizon 3: Create viable options for the future.
3. What are the levels of strategy?
o Corporate-level strategy.
o Business-level strategy.
o Operational strategy.
4. What is the purpose of a mission statement?
To communicate the overriding purpose of the organization.
5. What are the components of a strategy statement?
o Fundamental goals.
o Scope of activities.
o Competitive advantages.
2. The Environment
6. What is the PESTEL framework?
It categorizes macro-environmental influences into: Political,
Economic, Social, Technological, Environmental, and Legal.
7. What is Porter’s Five Forces framework?
It assesses industry attractiveness based on:
o Threat of entry.
o Threat of substitutes.
o Power of buyers.
o Power of suppliers.
o Competitive rivalry.
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