Mastering Strategic Planning
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Questions and Answers

What is the purpose of strategic planning?

  • To measure performance metrics
  • To develop and maintain a fit between goals and capabilities (correct)
  • To identify industry trends
  • To capitalize on information technology
  • What does the ESP model illustrate?

  • The measurement of performance metrics
  • The relationships between environment, strategy, and performance (correct)
  • The process of developing a strategy
  • The deployment of enterprise resources
  • What does a SWOT analysis of the business environment lead to, according to the text?

  • The measurement of performance
  • The development of strategy (correct)
  • The evaluation of e-business and e-marketing operations
  • The deployment of enterprise resources
  • What is the purpose of e-business strategy?

    <p>To reach performance objectives and create competitive advantage</p> Signup and view all the answers

    What are pure play businesses?

    <p>Businesses that began on the internet</p> Signup and view all the answers

    What is the ESP model and how does it illustrate the relationships among environment, strategy, and performance?

    <p>The ESP model is a framework that illustrates the relationships among environment, strategy, and performance. It shows that a SWOT analysis of the business environment leads to the development of strategy, which in turn impacts the measurement of performance.</p> Signup and view all the answers

    What are performance metrics and why are they important in evaluating e-business and e-marketing operations?

    <p>Performance metrics are designed to evaluate the effectiveness and efficiency of e-business and e-marketing operations. They are important because they provide a measure of how well these operations are achieving their objectives.</p> Signup and view all the answers

    What is the difference between e-business strategy and e-marketing strategy?

    <p>E-business strategy deploys enterprise resources to reach performance objectives and create competitive advantage, while e-marketing strategy capitalizes on information technology to reach specified objectives.</p> Signup and view all the answers

    What are pure play businesses and how did they originate?

    <p>Pure play businesses are businesses that began on the internet. They originated as companies that exclusively operated online, without a physical presence or offline operations.</p> Signup and view all the answers

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