J Lid is a company which offers home television repairs to customers. It has an excellent reputation for customer service and good quality workmanship. J feels that this has given it a competitive advantage in the market. J is considering launching a car maintenance and repair service. It feels that its excellent reputation is likely to make such a move successfut. Which approach to strategic planning is J adopting? A positioning approach A traditional stakeholder approach A resource-led approach A corporate approach Which of the following is a stage in the rational model of strategic development? Business strategy Strategic planning Strategic options Operational strategy K is a small organisation which makes plastic toys. The company was very recently formed by Mr V. Mr V is a skilled entrepreneur with many years of experience in the industry. The toy industry is incredibly fast-changing. with new innovations being developed regularly, In addition, tastes and trends change regularly, meaning that sales of toys can drop quickly as they fall out of fashion. MrV is aware that K will often require radically new strategies in order to keep up with these changes Which ONE of the following approaches to strategic development would be most appropriate for K to adopt? Incrementalism Rational Emergent Freewheeting Strategic Management Accountants produce useful information. Which of the following is not as useful as others when analysing strategies? Competitor's cost structure Relative profitability Portfolio analysis Entity's historical performance Strategic Management Accountants produce useful information. Which of the following is not as useful as others when analysing strategies? Competitor's cost structure Relative profitability Portfolio analysis Entity's historical performance T pic is an electronics manufacturer, which has recently created a dotailed strategic review of its cperations, as well as its external environment T identfied that it had significant skills with regards to the manufacture of electronic displays and launched a range of flat screen televisions. Unfortunately. its new product range, while praised by reviewers, falled to sell well to the public. T therefore abandoned its original strategy and took advintage of an offer by HHH, another electronics manufacturer, to make screens for HHH's popular mobile smartphones. Which approach to strategy is closest to that adopted by T when accepting HHH's offer? Emergent Rational Incrementalist Opportunism