Question 1
Miles Technology severely underestimated its main competitor's ability to launch a new product feature. As a result, the company will not be able to deploy important product features until months after the competition. How should the company react to this strategy failure?

Gather software engineers to brainstorm ways to build smaller enhancements that would enhance the user experience.



While this setback is disappointing, it should not distract the company from its intended strategy.



Replace executives responsible for failed strategy.



Executives should re-assess company strategy at the next annual meeting.


1 point
2.
Question 2
You've been tasked with securing a room for an upcoming strategic war room session. Which of the following spaces would be most effective? 

A large, open gathering space with walls filled with serene water and plant features



A large conference room with blank wall space in a corporate meeting rental space 



A small meeting room with a large round table, so company leadership can easily see each other while seated



The company's main conference room, where all meetings are held


1 point
3.
Question 3
An outdoor adventure supply company is considering the implementation of a new peer rating system for its products. How might it best use rapid prototyping to consider this strategic initiative?

Invite a group of customers, clients, and suppliers to test a beta version of the rating system.



Create a rapid prototype of an outdoor product and ask users to rate it.



Gather employees and subject matter experts to reflect on the strategy using visual sequencing 



Document the plan in a business model matrix and look for emerging strategies.


1 point
4.
Question 4
Which of the following is the most likely outcome of a design thinking strategy approach?

Inventions that provide higher order solutions



Steady, incremental changes to existing products or services



Creation of products or services to pilot test



A succinct summary of the nine business model elements


1 point
5.
Question 5
Why might a tech start up choose to create a business model canvas in order to document its strategic plan?

They need to develop a deep understanding of the user's experience with the company's products.



The plan will provide transparency, so everyone in the organization can develop a clear understanding of the business model.



Company leadership wishes to implement a top down strategic plan.



They need a firm plan so the company will be poised for rapid growth without having to adjust its strategy again.


1 point
6.
Question 6
Which of the following would most likely help an organization improve its corporate governance?

Prepare contingency plans in case things go wrong



Adopt a proven detailed governance checklist 



Eliminate concerns about the external market and focus exclusively on internal processes



Observe customers using its products in order to gain more empathy for stakeholders


1 point
7.
Question 7
A small grocery store on an island relies on a privately owned ferry company to make its daily deliveries and to transport employees to the island. Late deliveries and other logistical challenges have created some friction in the past. How might this organizational context most likely impact the grocery store's strategy?

Both companies will seek to optimize their partnership and maximize the success of the arrangements.



The grocery store's strategy will be heavily influenced by their dependence on the services provided by the ferry company.



The ferry company is not a major stakeholder of the grocery store, so it will have little impact on the store's strategy.



Research indicates that the leaders of the organizations will not let their strategy be influenced by factors such as their past interactions and personal feelings.


1 point
8.
Question 8
Which of the following is the strongest example of a strategy execution failure caused by an organization's failure to understand itself? 

A shoe company fails to understand the dynamics of the industry it is in, including the trends and uncertainties of the competitive market. 



A tech company, facing pressure from its investors, goes through a rapid growth phase that doesn't sync with its strategy.



A company that designs paper goods may not have the capabilities to support a new calendar product line, which also hasn't been selling well in stores or online. 



A manufacturing company has found a set of products that sell well, and it produces essentially the same product each year.


1 point
9.
Question 9
Several months after launching a new strategy, executives for a lighting company aren't sure how well the strategy is being implemented across the company. While employees understand and had input in the creation of the strategy after a thorough strategic analysis, not all divisions of the company seem to be making the strategy a priority. It has also been difficult to assess the strategy's success. Which key strategy question would address this potential strategy execution failure?

Do we have the right strategy?



Do we have a plan to begin implementation?



How was our strategy created?



Do we understand our strategy?


1 point
10.
Question 10
A membership-based grocery distributor of locally sourced, sustainable, and organic foods faces scrutiny when the media reports that a farm in their network is not using organic methods. Which of the following is the greatest threat to the success of the distributor's corporate governance?

The company's policies on sourcing foods are transparent and readily available on its website.The company has a manager who makes farm site visits and coordinates the designation of farm providers as locally sourced, sustainable, or organic.



The company has a manager who makes farm site visits and coordinates the designation of farm providers as locally sourced, sustainable, or organic.



The company has a long-term goal to position itself as a top provider of food for three types of customers: those interested in locally sourced, sustainable, or organic food.



The company lacks a contingency plan for explaining their internal food source designations and removing potential problem sources without jeopardizing resources.


1 point
11.
Question 11
REVIEW: You're in charge of strategic execution at your company. Which of these options describes a plan that will most likely result in successful strategy execution?

Design a sequence so that the analysis, formulation and implementation won't overlap and will be completed separately over an approved length of time. 



Focus on strategic analysis, as formulation and implementation will be less likely to impact the overall strategic execution.



Ask company leadership to choose the single most important element of the strategy execution and prioritize just that aspect.



Recommend an iterative plan that includes analysis, formulation, and implementation.


1 point
12.
Question 12
REVIEW: You are about to give a presentation on your strategic analysis. Which of these best describes the final product you'll present to your client or supervisor?

A focused review of select components of the strategic analysis



An avoidance of uncertainties



Thorough display and summary of each tool so that the client or supervisor can draw his or her own conclusions.



Possibilities, concerns, and issues gained from insights you've gained by using a wide variety of tools


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