SANS MGT514 EXAM QUESTIONS WITH |\ |\ |\ |\
ANSWERS
|\
Strategic planning (1:8) - CORRECT ANSWERS ✔✔deep analysis and
|\ |\ |\ |\ |\ |\ |\ |\
understanding of the state of business and the threats faced by the organization
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
Value to the organization (1:8) - CORRECT ANSWERS ✔✔develop your objectives
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
based on the organization's vision and mission, stake holder risk appetite and
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
opportunities
|\
Driving engagement (1:8) - CORRECT ANSWERS ✔✔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 ANSWERS ✔✔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 ANSWERS ✔✔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 ANSWERS
|\ |\ |\ |\ |\ |\ |\ |\
|\ ✔✔Shows the percentages of breaches per threat action, i.e. Hacking, malware,
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
|\ social engineering
|\
,Understanding the business (1:29) - CORRECT ANSWERS ✔✔1. Understand |\ |\ |\ |\ |\ |\ |\ |\
where you've been
|\ |\ |\ |\
2.Understand business Strategy |\ |\ |\
3.Understand macro factors that affect business 4.understand and develop
|\ |\ |\ |\ |\ |\ |\ |\
relationships with key stakeholders
|\ |\ |\ |\
Business Model (1:41) - CORRECT ANSWERS ✔✔1. describes how you operate
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
2. generate revenue and make profit 3. deliver value at a reasonable cost
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
Vertical Business Model (1:45) - CORRECT ANSWERS ✔✔combines multiple
|\ |\ |\ |\ |\ |\ |\ |\
steps in a value chain into one organization e.g. development -> distro
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
Horizontal Business model (1:45) - CORRECT ANSWERS ✔✔focus on one area
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
of the value chain e.g. Product development
|\ |\ |\ |\ |\ |\ |\
PFF -Porter's Five Forces (1:47) - CORRECT ANSWERS ✔✔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 ANSWERS ✔✔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 ANSWERS ✔✔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 ANSWERS ✔✔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 ANSWERS ✔✔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 ANSWERS ✔✔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 ANSWERS ✔✔-Based on understanding
|\ |\ |\ |\ |\ |\ |\ |\
the business model, strategy and competitive forces
|\ |\ |\ |\ |\ |\ |\
-Very high level and often vague
|\ |\ |\ |\ |\
Strategy Maps (1:56) - CORRECT ANSWERS ✔✔- 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 ANSWERS ✔✔Management tool to identify
|\ |\ |\ |\ |\ |\ |\ |\ |\
external forces that impact a particular market, industry, or country.
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
PEST Analysis - Why (1:66) - CORRECT ANSWERS ✔✔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 ANSWERS ✔✔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 ANSWERS ✔✔The overall health of
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
the economy and how these factors influence companies, organizations, and
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
their decisions.
|\ |\
PEST - S - Social (1:65,78) - CORRECT ANSWERS ✔✔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 ANSWERS ✔✔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
|\ |\
ANSWERS
|\
Strategic planning (1:8) - CORRECT ANSWERS ✔✔deep analysis and
|\ |\ |\ |\ |\ |\ |\ |\
understanding of the state of business and the threats faced by the organization
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
Value to the organization (1:8) - CORRECT ANSWERS ✔✔develop your objectives
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
based on the organization's vision and mission, stake holder risk appetite and
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
opportunities
|\
Driving engagement (1:8) - CORRECT ANSWERS ✔✔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 ANSWERS ✔✔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 ANSWERS ✔✔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 ANSWERS
|\ |\ |\ |\ |\ |\ |\ |\
|\ ✔✔Shows the percentages of breaches per threat action, i.e. Hacking, malware,
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
|\ social engineering
|\
,Understanding the business (1:29) - CORRECT ANSWERS ✔✔1. Understand |\ |\ |\ |\ |\ |\ |\ |\
where you've been
|\ |\ |\ |\
2.Understand business Strategy |\ |\ |\
3.Understand macro factors that affect business 4.understand and develop
|\ |\ |\ |\ |\ |\ |\ |\
relationships with key stakeholders
|\ |\ |\ |\
Business Model (1:41) - CORRECT ANSWERS ✔✔1. describes how you operate
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
2. generate revenue and make profit 3. deliver value at a reasonable cost
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
Vertical Business Model (1:45) - CORRECT ANSWERS ✔✔combines multiple
|\ |\ |\ |\ |\ |\ |\ |\
steps in a value chain into one organization e.g. development -> distro
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
Horizontal Business model (1:45) - CORRECT ANSWERS ✔✔focus on one area
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
of the value chain e.g. Product development
|\ |\ |\ |\ |\ |\ |\
PFF -Porter's Five Forces (1:47) - CORRECT ANSWERS ✔✔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 ANSWERS ✔✔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 ANSWERS ✔✔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 ANSWERS ✔✔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 ANSWERS ✔✔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 ANSWERS ✔✔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 ANSWERS ✔✔-Based on understanding
|\ |\ |\ |\ |\ |\ |\ |\
the business model, strategy and competitive forces
|\ |\ |\ |\ |\ |\ |\
-Very high level and often vague
|\ |\ |\ |\ |\
Strategy Maps (1:56) - CORRECT ANSWERS ✔✔- 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 ANSWERS ✔✔Management tool to identify
|\ |\ |\ |\ |\ |\ |\ |\ |\
external forces that impact a particular market, industry, or country.
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
PEST Analysis - Why (1:66) - CORRECT ANSWERS ✔✔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 ANSWERS ✔✔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 ANSWERS ✔✔The overall health of
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\ |\
the economy and how these factors influence companies, organizations, and
|\ |\ |\ |\ |\ |\ |\ |\ |\ |\
their decisions.
|\ |\
PEST - S - Social (1:65,78) - CORRECT ANSWERS ✔✔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 ANSWERS ✔✔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
|\ |\
