Strategy is the creation of a unique and valuable position, involving a different set of activities.
Which of the following options are the main objectives for enterprises to implement business strategies?
Align organizational actions with mission/vision
Optimize resource allocation
Navigate market uncertainties
The link between business culture and strategy is inseperable because: strategy shapes how is culture executed.
Which of the following options are part of Mintzberg’s 5 Ps of corporate culture?
Plan
Ploy
Pattern
Position
Perspective
Protection
According to Mintzberg’s 5 Ps theory, correctly match the terms with their definitions.
Plan
A deliberate, formalized roadmap to achieve specific goals.
Ploy
A tactical move to outmaneuver competitors.
Pattern
Consistent behavior over time.
Position
A unique market niche relative to competitors.
Perspective
The collective culture that shapes strategic choices.
According to the three-level theory of business strategy, sort each level in descending order (from the Highest to the Lowest).
Corporate-level
Business-level
Functional-level
Business-level strategies mainly focus on competitive approach for a specific product/market segment.
The 'Cost Leadership' strategy is applicable to all enterprises in the manufacturing industry and can bring success to them.
Business (1)_______ will be useless if business (2)______ doesn’t support it.