Sans Mgt514 Exam Study Guide With Questions And Answers.

SANS MGT514 EXAM STUDY GUIDE WITH QUESTIONS AND ANSWERS. Strategic planning (1:8) - correct answer deep analysis and understanding of the state of business and the threats faced by the organization Value to the organization (1:8) - correct answer develop your objectives based on the organization's vision and mission, stake holder risk appetite and opportunities Driving engagement (1:8) - correct answer execute on the plan by navigating the internal values and culture, developing a business case to get support and funding, and promoting your activities Organizational Transformation (1:8) - correct answer as a leader you must strive to lead, motivate, and inspire your team members and colleagues to accomplish their goals of the overall strategic planning process Security planning - Need (1:11) - correct answer requires an understanding of not only security threats and capabilities but also a deep understanding of the business environment & organizational goals. Verizon Data Breach Investigations Report (1:14) - correct answer Shows the percentages of breaches per threat action, i.e. Hacking, malware, social engineering Understanding the business (1:29) - correct answer 1. Understand where you've been 2.Understand business Strategy 3.Understand macro factors that affect business stand and develop relationships with key stakeholders Business Model (1:41) - correct answer 1. describes how you operate 2. generate revenue and make profit 3. deliver value at a reasonable cost SANS MGT514 EXAM STUDY GUIDE WITH QUESTIONS AND ANSWERS Vertical Business Model (1:45) - correct answer combines multiple steps in a value chain into one organization e.g. development - distro Horizontal Business model (1:45) - correct answer focus on one area of the value chain e.g. Product development PFF -Porter's Five Forces (1:47) - correct answer Developed by Micheal E Porter in 1979 who was an authority on competitive strategy and economic development. Method used to develop business strategy by understanding where power lies in a business situation PFF - Power of Customers (1:47) - correct answer Impact Customers have on your business. Force Driven by the # of customers you have, their importance to your business, and cost of switching them from you to another company PFF - Substitute Products (1:48) - correct answer The ability for your customer to find substitute products or an easier way to do what you do PFF - Power Of Suppliers (1:48) - correct answer how easy is it for suppliers to influence and drive up your prices. Uniqueness of their products, their strength/control of you PFF - Threats of new entrants (1:48) - correct answer how easy is it for people to join the market and can they become a threat and compete with your company PFF - Competitive Rivalry (1:48) - correct answer Look at the competition and their capabilities. If no one can do what you do, e.g. products/services, you will have tremendous strength Strategic objectives (1:56) - correct answer -Based on understanding the business model, strategy and competitive forces -Very high level and often vague Strategy Maps (1:56) - correct answer - Links high-level strategic objectives to specific projects, initiatives -Shows how to turn strategy into tangible outcomes -highlights gaps in strategy implementation -helps communicate strategy to entire organization PEST Analysis (1:65) - correct answer Management tool to identify external forces that impact a particular market, industry, or country. PEST Analysis - Why (1:66) - correct answer Helps you understand macro trends of external environment in which your company operates, and it provides an understanding of risks associated with market growth or decline and your company's position and potential direction PEST - P - Political (1:65,69,71) - correct answer Government regulations and legal factors that affect the business environment and trade market, and they will likely trickle down impact on your company PEST - E - Economic (1:65,74) - correct answer The overall health of the economy and how these factors influence companies, organizations, and their decisions. PEST - S - Social (1:65,78) - correct answer Looks at cultural aspects of the market and how they affect the demand for a company's products and/or services; customer needs and determine what incents them to make purchases PEST - T - Technological (1:65,81) - correct answer How technology can either positively or negatively impact a business and the products and/or services they provide. i.e. technology advancements, life cycle of technologies, technology innovation SMS - stakeholder management strategy(1:91) - correct answer Technology deployment could impact not only security, but also the enterprise. All stakeholders and impact need to be identified and managed SMS - Stakeholder(1:95) - correct answer People or groups with a vested interest in the success of your strategy and who will affect of be affected by your team's work.