Donaldson Test Questions & Answers 100%
Correct!
An Effective Strategy Is - ANSWERA comprehensive and coordinated pattern of
actions, consciously selected in light of
probable shifts in the environment, relative
competencies of the firm and the predictable
moves of intelligent competitors
Not an additional overlay on business
units, it is the blueprint for running the
business!!
5 P's of Strategy - ANSWER• Plan
• Ploy
• Pattern
• Position
• Perspective
Strategic Planning Process - ANSWER- Critical evaluation of the external and internal
environment and the relative position of the
entity
- Formulation of strategies based on above
- Implementation of the chosen strategies
- Evaluation of the performance relative to the
plan and control metrics
Basic Process Flow - ANSWEREnvironmental Scanning - Strategy Formation - Strategy Implementation
- Evaluation and Control
, 3 Basic Strategies - ANSWER1. Organic - Do it yourself
2. Partner - Do it in concert with other(s)
• Outsource
• Partner/Joint Venture/Team
3. Acquire - Buy the capability/resource outright
Intended strategies: - ANSWERStrategy that an organization hopes to execute
Emergent strategies: - ANSWERUnplanned strategy that arises in response to unexpected
opportunities and challenges
Realized Strategies - ANSWERThe strategy that an organization actually follows. They
are a product of both intended and realized strategies
Deliberate Strategy - ANSWERThe parts of the intended strategy that an organization
continues to pursue over time
Non-realized strategy: - ANSWERThe parts of the intended strategy that are abandoned
Phases of Strategic Management - ANSWERPhase 1: Basic financial planning
Phase 2: Forecast-based planning
Phase 3: Externally oriented strategic planning
Phase 4: Strategic management
Budget Planning - ANSWERTypically historically driven
• Short term focus
• Driven by internal needs
• Numbers oriented
• Reactive to external
environment or competition
Correct!
An Effective Strategy Is - ANSWERA comprehensive and coordinated pattern of
actions, consciously selected in light of
probable shifts in the environment, relative
competencies of the firm and the predictable
moves of intelligent competitors
Not an additional overlay on business
units, it is the blueprint for running the
business!!
5 P's of Strategy - ANSWER• Plan
• Ploy
• Pattern
• Position
• Perspective
Strategic Planning Process - ANSWER- Critical evaluation of the external and internal
environment and the relative position of the
entity
- Formulation of strategies based on above
- Implementation of the chosen strategies
- Evaluation of the performance relative to the
plan and control metrics
Basic Process Flow - ANSWEREnvironmental Scanning - Strategy Formation - Strategy Implementation
- Evaluation and Control
, 3 Basic Strategies - ANSWER1. Organic - Do it yourself
2. Partner - Do it in concert with other(s)
• Outsource
• Partner/Joint Venture/Team
3. Acquire - Buy the capability/resource outright
Intended strategies: - ANSWERStrategy that an organization hopes to execute
Emergent strategies: - ANSWERUnplanned strategy that arises in response to unexpected
opportunities and challenges
Realized Strategies - ANSWERThe strategy that an organization actually follows. They
are a product of both intended and realized strategies
Deliberate Strategy - ANSWERThe parts of the intended strategy that an organization
continues to pursue over time
Non-realized strategy: - ANSWERThe parts of the intended strategy that are abandoned
Phases of Strategic Management - ANSWERPhase 1: Basic financial planning
Phase 2: Forecast-based planning
Phase 3: Externally oriented strategic planning
Phase 4: Strategic management
Budget Planning - ANSWERTypically historically driven
• Short term focus
• Driven by internal needs
• Numbers oriented
• Reactive to external
environment or competition
