D081 BUS 2080
Innovative & Strategic Thinking
Comprehensive OA Review (Qns & Ans)
2025
1. Which of the following best describes the concept of
"disruptive innovation"?
- A) Incremental improvements to existing products
- B) Innovations that create new markets and displace
established market leaders
- C) Innovations that focus on cost reduction
- D) Innovations that enhance customer service
- ANS: B) Innovations that create new markets and displace
established market leaders
©2024/2025
, - Rationale: Disruptive innovation refers to innovations that
create new markets and disrupt existing ones, often displacing
established market leaders.
2. What is the primary purpose of a SWOT analysis in strategic
planning?
- A) To evaluate the financial performance of an organization
- B) To identify strengths, weaknesses, opportunities, and
threats
- C) To develop marketing strategies
- D) To assess employee performance
- ANS: B) To identify strengths, weaknesses, opportunities,
and threats
- Rationale: SWOT analysis is used to identify an
organization's internal strengths and weaknesses, as well as
external opportunities and threats.
3. Which of the following is NOT a characteristic of strategic
thinking?
- A) Long-term focus
- B) Flexibility and adaptability
- C) Reactive decision-making
- D) Proactive planning
©2024/2025
, - ANS: C) Reactive decision-making
- Rationale: Strategic thinking involves proactive planning
and a long-term focus, rather than reactive decision-making.
Fill-in-the-Blank Questions
4. The __________ model is used to evaluate the competitive
forces within an industry and their impact on profitability.
- ANS: Porter's Five Forces
- Rationale: Porter's Five Forces model evaluates the
competitive forces within an industry and their impact on
profitability.
5. In strategic planning, the practice of setting specific,
measurable, achievable, relevant, and time-bound goals is known
as __________.
- ANS: SMART goals
- Rationale: SMART goals are specific, measurable,
achievable, relevant, and time-bound, providing clear and
actionable objectives.
6. The __________ matrix is a tool used to analyze an
organization's product portfolio and make strategic decisions
about resource allocation.
- ANS: BCG (Boston Consulting Group)
©2024/2025
Innovative & Strategic Thinking
Comprehensive OA Review (Qns & Ans)
2025
1. Which of the following best describes the concept of
"disruptive innovation"?
- A) Incremental improvements to existing products
- B) Innovations that create new markets and displace
established market leaders
- C) Innovations that focus on cost reduction
- D) Innovations that enhance customer service
- ANS: B) Innovations that create new markets and displace
established market leaders
©2024/2025
, - Rationale: Disruptive innovation refers to innovations that
create new markets and disrupt existing ones, often displacing
established market leaders.
2. What is the primary purpose of a SWOT analysis in strategic
planning?
- A) To evaluate the financial performance of an organization
- B) To identify strengths, weaknesses, opportunities, and
threats
- C) To develop marketing strategies
- D) To assess employee performance
- ANS: B) To identify strengths, weaknesses, opportunities,
and threats
- Rationale: SWOT analysis is used to identify an
organization's internal strengths and weaknesses, as well as
external opportunities and threats.
3. Which of the following is NOT a characteristic of strategic
thinking?
- A) Long-term focus
- B) Flexibility and adaptability
- C) Reactive decision-making
- D) Proactive planning
©2024/2025
, - ANS: C) Reactive decision-making
- Rationale: Strategic thinking involves proactive planning
and a long-term focus, rather than reactive decision-making.
Fill-in-the-Blank Questions
4. The __________ model is used to evaluate the competitive
forces within an industry and their impact on profitability.
- ANS: Porter's Five Forces
- Rationale: Porter's Five Forces model evaluates the
competitive forces within an industry and their impact on
profitability.
5. In strategic planning, the practice of setting specific,
measurable, achievable, relevant, and time-bound goals is known
as __________.
- ANS: SMART goals
- Rationale: SMART goals are specific, measurable,
achievable, relevant, and time-bound, providing clear and
actionable objectives.
6. The __________ matrix is a tool used to analyze an
organization's product portfolio and make strategic decisions
about resource allocation.
- ANS: BCG (Boston Consulting Group)
©2024/2025
