1. In strategic planning, what is the purpose of setting SMART
goals?
A. To improve operational efficiency
B. To define clear, achievable objectives
C. To increase employee productivity
D. To reduce costs
Answer: B
Rationale: SMART goals (Specific, Measurable, Achievable,
Relevant, Time-bound) help set clear, actionable, and realistic
objectives that guide strategic efforts.
2. The primary goal of "knowledge management" in an
organization is to:
A. Increase the number of employees
B. Improve organizational knowledge sharing and collaboration
C. Reduce operational costs
D. Manage the company’s physical assets
Answer: B
Rationale: Knowledge management focuses on capturing, sharing,
and utilizing organizational knowledge to improve decision-
making and innovation.
,3. A strategic thinker primarily focuses on:
A. Short-term solutions
B. The organization's long-term vision and goals
C. The day-to-day operations
D. Immediate sales and profits
Answer: B
Rationale: Strategic thinkers prioritize the long-term vision of the
organization, aligning efforts with long-term objectives, rather
than focusing on short-term outcomes.
4. A company that adopts a "first mover" strategy seeks to:
A. Enter the market after competitors have established their
position
B. Offer the same product at a lower price
C. Be the first to introduce a new product or service to the market
D. Focus solely on customer service improvement
Answer: C
Rationale: A first mover strategy involves being the first company
to introduce a new product or service, gaining a competitive
advantage by capturing early market share.
, 5. A company that is highly adaptable and can quickly adjust its
strategies in response to changes in the market is demonstrating:
A. Innovation
B. Flexibility
C. Stability
D. Rigid planning
Answer: B
Rationale: Flexibility refers to the ability to adapt to changing
circumstances and quickly adjust strategies in a dynamic
environment.
6. Which of the following is a primary focus of strategic
innovation?
A. Reducing operational costs
B. Finding new ways to deliver value to customers
C. Maintaining current market share
D. Focusing on existing customer needs
Answer: B
Rationale: Strategic innovation focuses on finding new ways to
create value for customers, often through novel products, services,
or business models.
goals?
A. To improve operational efficiency
B. To define clear, achievable objectives
C. To increase employee productivity
D. To reduce costs
Answer: B
Rationale: SMART goals (Specific, Measurable, Achievable,
Relevant, Time-bound) help set clear, actionable, and realistic
objectives that guide strategic efforts.
2. The primary goal of "knowledge management" in an
organization is to:
A. Increase the number of employees
B. Improve organizational knowledge sharing and collaboration
C. Reduce operational costs
D. Manage the company’s physical assets
Answer: B
Rationale: Knowledge management focuses on capturing, sharing,
and utilizing organizational knowledge to improve decision-
making and innovation.
,3. A strategic thinker primarily focuses on:
A. Short-term solutions
B. The organization's long-term vision and goals
C. The day-to-day operations
D. Immediate sales and profits
Answer: B
Rationale: Strategic thinkers prioritize the long-term vision of the
organization, aligning efforts with long-term objectives, rather
than focusing on short-term outcomes.
4. A company that adopts a "first mover" strategy seeks to:
A. Enter the market after competitors have established their
position
B. Offer the same product at a lower price
C. Be the first to introduce a new product or service to the market
D. Focus solely on customer service improvement
Answer: C
Rationale: A first mover strategy involves being the first company
to introduce a new product or service, gaining a competitive
advantage by capturing early market share.
, 5. A company that is highly adaptable and can quickly adjust its
strategies in response to changes in the market is demonstrating:
A. Innovation
B. Flexibility
C. Stability
D. Rigid planning
Answer: B
Rationale: Flexibility refers to the ability to adapt to changing
circumstances and quickly adjust strategies in a dynamic
environment.
6. Which of the following is a primary focus of strategic
innovation?
A. Reducing operational costs
B. Finding new ways to deliver value to customers
C. Maintaining current market share
D. Focusing on existing customer needs
Answer: B
Rationale: Strategic innovation focuses on finding new ways to
create value for customers, often through novel products, services,
or business models.
