Strategy vs Process
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Questions and Answers

What is the main focus of the course described in the text?

  • Decision making capabilities (correct)
  • Reversibility of strategic decisions
  • Innovation strategy
  • Technical control in the process

    • How are strategic decisions different from processes according to the text?

  • Strategic decisions are focused on innovation strategy, while processes are about technical control
  • Strategic decisions have long-term effects, while processes are used for small, micro decisions (correct)
  • Strategic decisions are reversible, while processes have irreversible impacts
  • Strategic decisions are proactive, while processes are reactive

    • What is the difference between fast thinking and slow thinking mentioned in the text?

  • Fast thinking is related to the innovation field, while slow thinking is related to traditional studies (correct)
  • Fast thinking has a strong impact alone, while slow thinking aims to create new value for a final customer
  • Fast thinking involves proactive strategy, while slow thinking involves reactive strategy
  • Fast thinking is relevant for strategic decisions, while slow thinking is relevant for processes

    • Which type of decision cannot be reversed according to the text?

    <p>Strategic decision</p> Signup and view all the answers

    What is the main characteristic of sticky knowledge mentioned in the text?

    <p>It helps in being flexible within a project</p> Signup and view all the answers

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