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| Section | Weight | Objectives |
|---|---|---|
| Preparation for Strategy Transformation | 27-31% | - Design organizational structure and governance to support strategy - Establish performance measurement systems - Plan change management and communication - Align resources, capabilities and processes |
| Engagement | 15-19% | - Facilitate innovation and strategic option development - Align leadership and stakeholders around shared vision and goals - Build strategic management capabilities and culture - Manage knowledge and learning across the organization |
| Strategy Execution, Governance and Evaluation | 26-30% | - Update and adapt strategy based on results and changing conditions - Implement strategic plans and monitor progress - Evaluate strategy effectiveness and outcomes - Manage strategic risks and opportunities |
| Strategy Formulation | 24-28% | - Evaluate and select strategic alternatives - Develop strategic objectives and initiatives - Define organizational mission, vision, values and strategic direction - Assess internal and external environment |
1. The entrance into the transportation industry of ride-sharing services (UBER, LYFT, etc ...) is an example of
A) A winning brand strategy.
B) An expensive product strategy.
C) Successful market segmentation.
D) A disruptive innovation.
2. Which of the following often needs to be reworked to make it more strategy-supportive, as a crucial part of the implementation process?
A) Execution process
B) Ethical framework
C) Budget
D) Zero-defects mentality
3. In developing a strategic plan, key performance measures should be developed for
A) the organization's desired outcomes.
B) employee satisfaction.
C) the organization's financial goals.
D) each step of the final action plan.
4. Which of the following best describes the role of leadership in fostering a culture of innovation within an organization?
A) Encouraging risk-taking and learning from failure
B) Focusing solely on short-term financial targets
C) Mandating strict adherence to existing processes
D) Limiting employee involvement to top management only
5. What basic principle of human behavior enhances "buy-in" and therefore implements the strategic plan?
A) People are naturally optimistic
B) People are competitive in nature
C) People help support what they help create
D) People demand respect and participation
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: A | Question # 3 Answer: A | Question # 4 Answer: A | Question # 5 Answer: C |
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