Strategy Development Methods Interview Preparation Guide
Refine your Strategy Methods interview skills with our 32 critical questions. Each question is designed to test and expand your Strategy Methods expertise. Suitable for all experience levels, these questions will help you prepare thoroughly. Download the free PDF to have all 32 questions at your fingertips. This resource is designed to boost your confidence and ensure youre interview-ready.32 Strategy Methods Questions and Answers:
1 :: Consolidation is concerned with which of the following-
► A) Continuing with current strategies
► B) Protecting and strengthening the organization’s position in new markets through its current products
► C) Protecting and strengthening the organization’s position in its current markets through its current products
► D) Protecting the organization’s position in its current markets through its current products
C) Protecting and strengthening the organization’s position in its current markets through its current products
► B) Protecting and strengthening the organization’s position in new markets through its current products
► C) Protecting and strengthening the organization’s position in its current markets through its current products
► D) Protecting the organization’s position in its current markets through its current products
C) Protecting and strengthening the organization’s position in its current markets through its current products
2 :: The strategic option of withdrawal might be considered where:
► A) The intrinsic value of a company's products or assets do not change over time
► B) An organization is unable to secure sufficient resources or competences
► C) A change in the expectations of a stakeholder with low power and low interest
► D) An organization is unable to change its competences.
B) An organization is unable to secure sufficient resources or competences
► B) An organization is unable to secure sufficient resources or competences
► C) A change in the expectations of a stakeholder with low power and low interest
► D) An organization is unable to change its competences.
B) An organization is unable to secure sufficient resources or competences
3 :: Where an organization is considering strategic development in an existing market with existing products, it should consider (amongst others) the following strategic option:
► A) Diversification
► B) Market development
► C) Protect/ build
► D) Protect
C) Protect/ build
► B) Market development
► C) Protect/ build
► D) Protect
C) Protect/ build
4 :: Strategic development directions can be considered in terms of which of the following-
► A) Products, markets, strategic capabilities and expectations of stakeholders
► B) Products and markets
► C) Withdrawal, product development and consolidation
► D) Strategic capability
A) Products, markets, strategic capabilities and expectations of stakeholders
► B) Products and markets
► C) Withdrawal, product development and consolidation
► D) Strategic capability
A) Products, markets, strategic capabilities and expectations of stakeholders
5 :: Market penetration in static markets is:
► A) Relatively easy
► B) Particularly difficult for weakly positioned organizations
► C) Difficult to achieve for all organizations
► D) Impossible
B) Particularly difficult for weakly positioned organizations
► B) Particularly difficult for weakly positioned organizations
► C) Difficult to achieve for all organizations
► D) Impossible
B) Particularly difficult for weakly positioned organizations
6 :: Product development can be driven in two ways:
* A) With existing capabilities or with new capabilities
* B) Internally and externally
* C) By the management and by the workforce
* D) Market demand
A) With existing capabilities or with new capabilities
* B) Internally and externally
* C) By the management and by the workforce
* D) Market demand
A) With existing capabilities or with new capabilities
7 :: There are three main types of market development:
* A) New territories, new segments, new products
* B) New territories, franchising, new segments
* C) Existing segments, new territories, new uses
* D) New segments, new territories, new uses
D) New segments, new territories, new uses
* B) New territories, franchising, new segments
* C) Existing segments, new territories, new uses
* D) New segments, new territories, new uses
D) New segments, new territories, new uses
8 :: There are three main methods of strategy development:
* A) Internal; acquisition; joint development
* B) Internal; external; acquisition
* C) Market development; product development diversification
* D) Design, experience and ideas
A) Internal; acquisition; joint development
* B) Internal; external; acquisition
* C) Market development; product development diversification
* D) Design, experience and ideas
A) Internal; acquisition; joint development
9 :: Internal development is where:
* A) An organization develops its strategies by building up its own resource base
* B) An organization develops its strategies by building on its own capabilities
* C) An organization develops its strategies by building up its management team
* D) An organization develops its strategies by building up its financial strength
B) An organization develops its strategies by building on its own capabilities
* B) An organization develops its strategies by building on its own capabilities
* C) An organization develops its strategies by building up its management team
* D) An organization develops its strategies by building up its financial strength
B) An organization develops its strategies by building on its own capabilities
10 :: A successful acquisition is where an organization:
* A) Establishes a new subsidiary
* B) Takes over another organization
* C) Develop the capabilities to move into a new market
* D) Develops its strategies by taking over another organization
D) Develops its strategies by taking over another organization
* B) Takes over another organization
* C) Develop the capabilities to move into a new market
* D) Develops its strategies by taking over another organization
D) Develops its strategies by taking over another organization