10.1 Strategic choices

Question 1

Which 21st century technological advancement had arguably had the greatest impact on strategy?

Answer 1

The Internet of Things (IoT)

Question 2

This chapter recognises that the development of strategy will consist of a series of ________ - some of these will be day to day and covered by the operational plan and the implement/monitor/______- cycle. Others may be longer-term strategic choices and require a d________ approach.

Answer 2

choices
adjust
different

Question 3

This chapter recognised that choice required the interaction of d______ (where we are going), m_____ (how we are getting there) and s_____ (vision, mission etc).

Answer 3

direction
method
strategy

Question 4

The ______ matrix provides comparison for new and existing products and markets.

Answer 4

Ansoff

Question 5

______’s strategic choice model recognises the two core routes of _____________ (doing something different to the competition) and ____ leadership (doing something more profitably)

Answer 5

Porter
differentiation
cost

Question 6

This chapter introduced an alternative approach to strategic development known as b___-____ strategy. Anything is only new and unique until another competitor enters to market with a v________ or a_________.

Answer 6

blue-ocean
variation
alternative

Question 7

This chapter introduced the important work from the ___ and their portfolio analysis matrix.

Answer 7

BCG