What Makes A Good Strategy?According to what you learnt in this session, which of the following represent hygiene criteria of a good strategy?(i) It should be cohesive and comprehensive.(ii) It should help the company compete differently.(iii) It should help the company acquire its competitors.(iv) It should tell a company what it should do and what it should not.(i) and (ii)(i), (ii) and (iii)(i), (ii) and (iv)(ii), (iii) and (iv)

While there are different schools of thought about how strategy comes about, researchers generally agree the common characteristic across successful organizations is: Question 3Answer a. Strategy trade-off b. Strategic focus c. Strategic process d. Strategy discipline

A firm’s strategy includes which of the following:Question 10Select one:a.Captures how vision and mission will be achievedb.Communicates to stakeholders the hierarchical corporate structure.c.Sets specific operating procedures to be followed by front line managers.d.Establoshes systems and processes used to implement the goals and objectives

Hubbard et al. found that winning organisations tended to align the nine implementation elements of strategy to ensure effectiveness.Question 2Select one:TrueFalse

Which of the following parameters can be used to distinguish between a successful strategy and a flawed strategy?A successful strategy will be unaffected by the company’s internal and external situationA successful strategy will build a short-term competitive advantage for the companyA successful strategy is unrelated to the profitability of the companyA successful strategy will fit into the company’s business situation, will build a sustainable competitive advantage and improve the company’s performance

How do you implement strategy well? 1 pointCreate your strategy to fit your organizationUtilize your organization’s old successful strategyDesign your organization around your strategyFocus on acquiring early adopters