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Business 316: Strategic Decision Making  /  Business Courses

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Strategic Thinking in Making Business Decisions Chapter Exam

Exam Instructions:

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

Page 1

Question 1 1. Why was the introduction of a Blue Ocean concept seen as confrontational?

Question 2 2. If a company produces wine and competed on quality and taste for middle aged people. What might be a blue ocean strategy?

Question 3 3. If a company adopts a blue ocean strategy, which of the following will it not do?

Question 4 4. What is big picture thinking?

Question 5 5. What does it mean to 'focus on yes'?

Page 2

Question 6 6. What is brainstorming?

Question 7 7. Which pillar in the Blue Ocean Leadership theory states that leadership should be dispersed at every level of the company?

Question 8 8. Who wrote the Blue Ocean Strategy and Blue Ocean Leadership Theory?

Question 9 9. Which is NOT a pillar in Blue Ocean Leadership theory?

Question 10 10. Why does a strategic thinker reward creative thinking?

Page 3

Question 11 11. What does not being able to see the forest for the trees mean when we are talking about business and strategic thinking?

Question 12 12. What key habits support strategic decision making?

Question 13 13. What are the three steps that are a part of the strategic thinking process?

Question 14 14. The questions how and when are answered during which part of the strategic thinking process?

Question 15 15. What is the difference between Strategic Thinking and Strategic Planning?

Page 4

Question 16 16. What is an anecdote?

Question 17 17. Which of the following statements is true?

Question 18 18. What is critical thinking?

Question 19 19. What is an example of a temporary factor that may positively affect decision making?

Question 20 20. Why does it help to ask what has worked in the past when making a new decision?

Page 5

Question 21 21. Why is creativity important for making good decisions about your business?

Question 22 22. What are some attributes of strategic thinkers?

Question 23 23. What is one way for a strategic thinker to grow their place in the market?

Question 24 24. What are some of the advantages of being a strategic thinker?

Question 25 25. Evaluation, assessment, and categorization are used in which type of thinking?

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Question 26 26. Which BEST defines critical thinking?

Question 27 27. You are presented with coming up with a plan for promoting a new product at work. Which way of thinking will you utilize?

Question 28 28. What is meant by a red ocean?

Question 29 29. Why do big picture thinkers need thinking time?

Question 30 30. What is the basic idea of the Blue Ocean Leadership theory?

Strategic Thinking in Making Business Decisions Chapter Exam Instructions

Choose your answers to the questions and click 'Next' to see the next set of questions. You can skip questions if you would like and come back to them later with the yellow "Go To First Skipped Question" button. When you have completed the practice exam, a green submit button will appear. Click it to see your results. Good luck!

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