1. Which of the following is part of strategy execution? a. Continually gathering insights about the market _b. Developing strategic imperatives c. Orchestrating existing capabilities d. An integrated set of choices 2. What assumption underlies the existence of dynamic capabilities? a. A relatively stable environment b. Imitation of competitors _c. The ability to reconfigure organizational resources d. A focus on customer service 3. Which of the following four elements are core to execution in the congruence model? a. Skills, competences, culture, organization b. Competences, culture, leadership skills _c. Skills and competences, critical tasks, culture, formal organization _d. Skills and competences, culture, formal organization, leadership 4. Which of the following is a tool for executing strategy? a. Porter's Five Forces Framework b. Balanced Scorecard _c. The resource-based view d. Blue Ocean Strategy S. The fostering of experimentation and discontinuous change through innovation in pursuit of new business opportunities is known as _a. exploitation _b. ambidexterity _c. exploration d. invention 6. True or false: Execution should be standardized by implementing best practices that are available through consulting companies and taught in business schools. a. True _b. False 7. True or false: The strategy map complements the balanced Scorecard. a. True b. False 8. True or false: Strategy formulation and execution is a sequential process. a. True _b. False