1. If your business goals don't match up with the resources you currently have available, then you must either change your goals or adjust the resources available.*

True

False

2. A sustainability audit is done to evaluate the functional unit of the business and grades it according to its business alignment goals.*

True

False

3. It is not important to perform regular strategic audits and measure implementation in order to keep on top of shifts in the environment and ensure you are always on the right path*

True

False

4. Strategy are a series of initiatives, often illustrated in reporting by case studies.*

True

False

5. Developing a sustainability strategy is an ideal opportunity to engage internal stakeholders and colleagues across the business*

True

False

6. The resource audit, value chain analysis and core competence analysis help to define the strategic capabilities of a business*

True

False

7. Strategic Audit evaluates your current strategy by performing a Financial analysis test which reassesses the business strength and weakness and threats.*

True

False

8. Sustainable business and commercial success need to support one and other.*

True

False

9. Core competencies describes the activities that take place in a business and relates them to an analysis of the competitive strength of the business.*

True

False

10. Targets should remain relatively consistent over time, so internal and external stakeholders can assess how performance is changing year-on-year.*

True

False

11. SWOT analysis is an important tool for auditing the overall strategic position of a business and its environment.*

True

False

12. Value Chain Analysis describes the activities that take place in a business and relates them to an analysis of the competitive strength of the business.*

True

False

13. The core of Strategy Audit, for any corporate entity, lies on two important questionshow well is a strategy working and how can this be evaluated?*

True

False

14. A vision, mission and values provide the building blocks on which to reflect corporate culture and direction.*

True

False

15. Bad strategy involves deciding which issues to really focus on, and uniting the elements into a framework for setting targets.*

True

False

16. Every business needs to prioritize.*

True

False

17. Targets are the backbone of an effective sustainability strategy.*

True

False

18. Part of the role of effective governance and oversight is to review performance*

True

False

19. SWOT is an abbreviation for Strengths, Weaknesses, Opportunities and Time.*

True

False

20. Stakeholders are defined as those individuals and organisations that the company may have an impact on, or that could have an impact on the company*

True

False

MCQ

The following are principal components in a strategic system, except*

Formulation

Implementation

Analysis

Results

_______ analyses the overall balance of the strategic business units of a business*

Portfolio Analysis

Core competencies

Value Chain Analysis

Performance Analysis

_______ is the agreed priorities that form part of a longer-term plan, demonstrated in reporting by performance data.*

Sustainability

Strategy

Activities

Values

The ________ identifies the resources available to a business*

resource audit

strategic audit

sustainability audit

internal audit

Strategic-management audit is known as:*

Environmental scanning

Strategy formulation

Strategy control

Strategy evaluation

They provide a clear set of objectives for management, and a yardstick by which external audiences can judge progress*

Goals

Vision

Mission

Foundation

A strategy is a company's*

Value statement

Pricing policy

Game Plan to outsmart competitor

Long-term objective

_____ refers to studying "best practice companies" to improve performance*

Benchmarking

Flattening

Focusing

Bench pressing

It refers to the social, environmental, economic and ethical issues that make up an organization's relationships with society*

Sustainability

Strategy

Mission

Values

The _______ of the company is a critical starting point for strategy as it explains what the business is setting out to do*

Vision

Mission

Values

Strategy

__________ is an important tool for auditing the overall strategic position of a business and its environment.*

Portfolio Analysis

Performance Analysis

SWOT Analysis

Core Competencies

____________ are those capabilities that are critical to a business achieving competitive advantage*

Core competencies

Value Chain Analysis

Performance Analysis

Portfolio Analysis

Strategic issues require which level of management decisions?*

Operative

Top

Front-line

Middle

The following are key characteristics of Good Targets, except*

Material

Complete

Inconsistent

Ambitious

The following are key characteristics of Good KPIs, except*

Accessible

Relevant

Responsive

Ambitious