10 Questions
The strategic options available to the company might include joint ventures, outsourcing the work, sub-contracting or investing in new technologies
True
Changes in technology can require huge and speculative investment decisions
True
A risk assessment of strategic options needs to be undertaken, including an analysis of stakeholder expectations, existing customer requirements and existing staff skills
True
Detailed risk assessment of strategic options will ensure that the board has the best available information in order to make correct strategic decisions
True
Events and other circumstances that could reduce the successful delivery of strategy should not be identified
False
What factors should be considered in a risk assessment of strategic options?
Analysis of stakeholder expectations, existing customer requirements, existing staff skills, and SWOT analysis.
What are some strategic options available to a company?
Joint ventures, outsourcing, sub-contracting, and investing in new technologies.
Why is detailed risk assessment of strategic options important for the board?
To ensure they have the best available information for making correct strategic decisions.
What could reduce the successful delivery of strategy?
Events and other circumstances.
Why might changes in technology require huge and speculative investment decisions?
Due to untested new technology or availability of alternative technologies.
Assess your understanding of strategic investment decisions and their impact on customer solutions with this quiz. Test your knowledge of how changes in technology can influence tactics and investment decisions within an organization. Evaluate the risks associated with different strategic options and enhance your comprehension of speculative investments in new technologies.
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