MNG3701 STRATEGIC MANAGEMENT EVALUATION PORTFOLIO EXAM
READY - VERIFIED QUESTIONS AND ANSWERS - COMPREHENSIVE LATEST
VERSION 2026/2027 (PASS GUARANTEE)
Q: What is strategy? ANSWER Strategy is the direction and scope of an
organization over the long term, which achieves advantage in a changing
environment through its configuration of resources and competences.
Q: What is strategic management? ANSWER Strategic management is the
analysis, decisions, and actions an organization undertakes to create and
sustain competitive advantages.
Q: What are the three levels of strategy? ANSWER Corporate level,
Business level, and Functional level.
Q: What is corporate-level strategy? ANSWER It answers the question
"What business should we be in?" and focuses on managing a portfolio of
businesses.
Q: What is business-level strategy? ANSWER It answers "How should we
compete in this business?" and focuses on gaining competitive advantage
within a specific market.
Q: What is functional-level strategy? ANSWER It focuses on "How do we
support the business-level strategy?" within specific departments like
marketing, HR, or finance.
Q: What is Mintzberg’s 5Ps of Strategy? ANSWER Plan, Ploy, Pattern,
Position, and Perspective.
Q: Explain "Strategy as a Plan". ANSWER A consciously intended course
of action to deal with a situation.
Q: Explain "Strategy as a Ploy". ANSWER A specific maneuver intended to
outwit a competitor.
,Q: Explain "Strategy as a Pattern". ANSWER Consistency in behavior over
time, whether intended or not.
Q: Explain "Strategy as a Position". ANSWER Locating an organization in
a specific niche or environment.
Q: Explain "Strategy as a Perspective". ANSWER The ingrained way of
perceiving the world shared by members of the organization (culture).
Q: What is the difference between intended and emergent strategy?
ANSWER Intended strategy is planned in advance, while emergent
strategy arises from unplanned actions and environmental responses.
Q: What is a realized strategy? ANSWER The actual strategy that is
implemented, combining both intended and emergent strategies.
Q: What is strategic thinking? ANSWER A process of intuitive, creative,
and visionary thinking that explores new possibilities.
Q: What is strategic planning? ANSWER A systematic, formalized process
for developing a strategy.
Q: What is strategic analysis? ANSWER The process of analyzing the
external and internal environment of an organization.
Q: What is strategic choice? ANSWER The generation and evaluation of
strategic options and the selection of the best one.
Q: What is strategic implementation? ANSWER Turning chosen strategies
into actions and ensuring they work.
Q: Why is strategy important? ANSWER It provides direction, focuses
effort, defines the organization, provides consistency, and facilitates
decision-making.
Q: What is a "stakeholder"? ANSWER Any individual, group, or
organization that can affect or is affected by the organization's actions.
Q: What is a "mission statement"? ANSWER A statement of the
organization's fundamental purpose and scope.
Q: What is a "vision statement"? ANSWER A statement outlining what the
organization wants to be in the future.
Q: What is the difference between a goal and an objective? ANSWER
Goals are broad, long-term aims, while objectives are specific, measurable,
short-to-medium-term targets.
, Q: What are "strategic intents"? ANSWER An ambitious and compelling
goal that stretches the organization's capabilities.
Section 2: The External Environment (Macro) (Q26 - Q50)
Q: What is environmental scanning? ANSWER The monitoring, evaluating,
and disseminating of information from the external and internal
environments to key managers.
Q: What are the three components of the external environment? ANSWER
Macro-environment, industry (micro) environment, and competitive
environment.
Q: What does the PESTLE framework stand for? ANSWER Political,
Economic, Social, Technological, Legal, and Environmental factors.
Q: Give an example of a Political factor in PESTLE. ANSWER Government
stability, tax policies, trade tariffs.
Q: Give an example of an Economic factor. ANSWER Inflation rates,
interest rates, economic growth (GDP).
Q: Give an example of a Social factor. ANSWER Demographics, cultural
trends, lifestyle changes, population growth.
Q: Give an example of a Technological factor. ANSWER Automation, R&D
activity, rate of technological change.
Q: Give an example of a Legal factor. ANSWER Employment laws, health
and safety regulations, consumer protection laws.
Q: Give an example of an Environmental (Ecological) factor. ANSWER
Climate change, weather, sustainability practices, carbon footprint
regulations.
Q: What is environmental forecasting? ANSWER Attempting to predict the
future direction of environmental factors.
Q: What is environmental monitoring? ANSWER Tracking the evolution of
environmental trends, sequences of events, or streams of activities.
Q: What is scenario planning? ANSWER Creating multiple plausible future
states of the environment to help managers prepare for uncertainties.
Q: What is Porter's Diamond Model used for? ANSWER To understand
the competitive advantage of nations in specific industries.
READY - VERIFIED QUESTIONS AND ANSWERS - COMPREHENSIVE LATEST
VERSION 2026/2027 (PASS GUARANTEE)
Q: What is strategy? ANSWER Strategy is the direction and scope of an
organization over the long term, which achieves advantage in a changing
environment through its configuration of resources and competences.
Q: What is strategic management? ANSWER Strategic management is the
analysis, decisions, and actions an organization undertakes to create and
sustain competitive advantages.
Q: What are the three levels of strategy? ANSWER Corporate level,
Business level, and Functional level.
Q: What is corporate-level strategy? ANSWER It answers the question
"What business should we be in?" and focuses on managing a portfolio of
businesses.
Q: What is business-level strategy? ANSWER It answers "How should we
compete in this business?" and focuses on gaining competitive advantage
within a specific market.
Q: What is functional-level strategy? ANSWER It focuses on "How do we
support the business-level strategy?" within specific departments like
marketing, HR, or finance.
Q: What is Mintzberg’s 5Ps of Strategy? ANSWER Plan, Ploy, Pattern,
Position, and Perspective.
Q: Explain "Strategy as a Plan". ANSWER A consciously intended course
of action to deal with a situation.
Q: Explain "Strategy as a Ploy". ANSWER A specific maneuver intended to
outwit a competitor.
,Q: Explain "Strategy as a Pattern". ANSWER Consistency in behavior over
time, whether intended or not.
Q: Explain "Strategy as a Position". ANSWER Locating an organization in
a specific niche or environment.
Q: Explain "Strategy as a Perspective". ANSWER The ingrained way of
perceiving the world shared by members of the organization (culture).
Q: What is the difference between intended and emergent strategy?
ANSWER Intended strategy is planned in advance, while emergent
strategy arises from unplanned actions and environmental responses.
Q: What is a realized strategy? ANSWER The actual strategy that is
implemented, combining both intended and emergent strategies.
Q: What is strategic thinking? ANSWER A process of intuitive, creative,
and visionary thinking that explores new possibilities.
Q: What is strategic planning? ANSWER A systematic, formalized process
for developing a strategy.
Q: What is strategic analysis? ANSWER The process of analyzing the
external and internal environment of an organization.
Q: What is strategic choice? ANSWER The generation and evaluation of
strategic options and the selection of the best one.
Q: What is strategic implementation? ANSWER Turning chosen strategies
into actions and ensuring they work.
Q: Why is strategy important? ANSWER It provides direction, focuses
effort, defines the organization, provides consistency, and facilitates
decision-making.
Q: What is a "stakeholder"? ANSWER Any individual, group, or
organization that can affect or is affected by the organization's actions.
Q: What is a "mission statement"? ANSWER A statement of the
organization's fundamental purpose and scope.
Q: What is a "vision statement"? ANSWER A statement outlining what the
organization wants to be in the future.
Q: What is the difference between a goal and an objective? ANSWER
Goals are broad, long-term aims, while objectives are specific, measurable,
short-to-medium-term targets.
, Q: What are "strategic intents"? ANSWER An ambitious and compelling
goal that stretches the organization's capabilities.
Section 2: The External Environment (Macro) (Q26 - Q50)
Q: What is environmental scanning? ANSWER The monitoring, evaluating,
and disseminating of information from the external and internal
environments to key managers.
Q: What are the three components of the external environment? ANSWER
Macro-environment, industry (micro) environment, and competitive
environment.
Q: What does the PESTLE framework stand for? ANSWER Political,
Economic, Social, Technological, Legal, and Environmental factors.
Q: Give an example of a Political factor in PESTLE. ANSWER Government
stability, tax policies, trade tariffs.
Q: Give an example of an Economic factor. ANSWER Inflation rates,
interest rates, economic growth (GDP).
Q: Give an example of a Social factor. ANSWER Demographics, cultural
trends, lifestyle changes, population growth.
Q: Give an example of a Technological factor. ANSWER Automation, R&D
activity, rate of technological change.
Q: Give an example of a Legal factor. ANSWER Employment laws, health
and safety regulations, consumer protection laws.
Q: Give an example of an Environmental (Ecological) factor. ANSWER
Climate change, weather, sustainability practices, carbon footprint
regulations.
Q: What is environmental forecasting? ANSWER Attempting to predict the
future direction of environmental factors.
Q: What is environmental monitoring? ANSWER Tracking the evolution of
environmental trends, sequences of events, or streams of activities.
Q: What is scenario planning? ANSWER Creating multiple plausible future
states of the environment to help managers prepare for uncertainties.
Q: What is Porter's Diamond Model used for? ANSWER To understand
the competitive advantage of nations in specific industries.
