1. What are some attributes of strategic thinkers?

a. Understanding your place in the market

b. Buying only inexpensive items

c. Focusing on personal needs and desires

d. Thinking in the present

Answer : D

2. What is one way for a strategic thinker to grow their place in the
market?
a. By carefully utilizing resources to grow exposure in their existing market

b. By moving into a small market that is already dominated by established

companies

c. By expanding into as many different markets as possible then choosing the

most profitable one

d. By avoiding specialty products and services in favour of those that appeal to a

larger market

Answer : A

3. What are some of the advantages of being a strategic thinker?

Being able to analyze information effectively

Being able to make effective decisions

Being able to realize significant results

All of these answers are correct.

Answer : All of the answers are correct

4.

Which one of the following is at the core of strategic management?

 a. Choosing which organizational objectives to focus on
b. alert for opportunities to change work responsibilities
c. Adapting the organization to a changing external environment
e. Choosing whether to make decisions autocratically or on the basis of participation
Answer : A

5. What are key elements of Strategic Thinking (select all correct answers)?

a. Broad view
b. Focuses on supporting goals
c. Important, non-intuitive, framework breaking ideas
d. Concrete with no engagement of imagination
All the answers : A , B, C & D
6. Strategic thinking can mean preparing for future challenges by having a plan to
overcome them if they arise.

7. How do you apply strategic thinking skills effectively. (3 marks)

1. Articulate your goals clearly.
2. Research and identify options to reach those goals.
3. Analyze the possibilities and risks objectively.
4. Decide on a course of action based on your research and analysis.
5. Create an implementation plan.
6. Adapt and adjust along the way.