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Many of the most successful firms were founded on and are driven by core motives other than pure profit. True or False?

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True

False

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Strategy can be articulated and communicated in several ways:

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a. Mission, Business models, Strategic plans, and Organisational culture

b. Vision, Mission, Strategic Plans, and Tactical plans

c. Vision, Mission, Business models, and Plans

d. Vision, Business models, Public Relation skills, and Strategic plans

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A firm's vision and mission statement should be:

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a. to satisfy its customers and be their supplier of choice.

b. to become the "Best in Class".

c. a consistent, long-term sense of purpose which changes relatively little over the life of the firm.

d. to create better everyday life for people.

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The difference between vision and mission is only based on the time taken to achieve them. True or False?

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True

False

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Mission statements generally include:

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a. the businesses the firm will compete in.

b. the firm's competitive strategy.

c. how it will meet the objectives of its various stakeholders .

d. all of the above.

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Strategic objectives tend to be specific, measurable and time constrained. True or False?

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True

False

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Stakeholders within the capital market group include:

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a. Directors, Banks, and Bondholders

b. Banks, Suppliers, and Shareholders

c. Shareholders, Bondholders, and Banks

d. Suppliers, Customers and Banks

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Corporate Social Responsibility is:

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a. concerned about the environment and working for it.

b. about maximising profit and issuing statements saying that the company believes in CSR.

c. genuinely recognising that a firm is answerable to all stakeholders, not just the shareholders.

d. being willing to do something "environmentally friendly".

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The concept and practices of CSR and CSV are:

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a. very different, as CSV highlights the importance of shareholders over societal stakeholders.

b. basically the same, recognising the role of societal stakeholders as well as shareholder interests.

c. different, as CSR adds social goals to strategy and CSV integrates social and business objectives into strategy.

d. basically the same, except that CSV is a more up-to-date term to describe CSR.

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Stakeholder mapping is a useful technique to analyse the:

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a. different types of stakeholder groups the organisation must consider.

b. conflicting objectives of different stakeholder groups.

c. relative levels of interest and power that influence the organisation's objectives.

d. geographical dispersion of stakeholder groups.