Which of the following is not an element of strategic thinking?

A Judge what strategic changes to make
B Realize what needs to change
C Understanding current strategic positions
D Manage organizational resources and competencies

Correct Answer: Manage organizational resources and competencies

Strategic thinking has six key elements that include the ability to: anticipate, challenge, interpret, decide, align and learn. While each of these elements has received isolated attention, they become significant in entirely new ways when examined in the context of one comprehensive framework.
Bissoy MCQ
#Management #Strategic Management

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In operating income strategic analysis, strategic component which measures change in cost attributed to price of input in current year, relative to price of input material in last year can be classified as
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B growth component
C price recovery component
D productivity component
In operating income strategic analysis, strategic component which measures change in operating income, attributed for change in price of outputs and inputs is classified as
A internal process component
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A To realize what needs to change
B To establish the agenda for managing strategic change
C To clarify future direction
D To allocate scarce resources
In strategic thinking, how long is the long term, approximately?
A 1 month to 1 year
B 2 to 3 years
C 3 to 5 years
D More than 5 years
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A 2
B 6
C 8
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Which of the following is NOT a major element of the strategic management process?
A Formulating strategy
B Implementing strategy
C Evaluating strategy
D Assigning administrative tasks
The understanding of what key element is essential for successful strategic planning?
A Understanding the needs and expectations of stakeholders
B Understanding competencies
C Understanding the processes of strategic change
D Understanding how to plan
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A (4)
B (3)
C (1) and (2)
D (1)
The __________ element must reference either an ‘altGlyphDef’ element or a ‘glyph’ element.
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A The company's mission
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