Laser Lessons - Lesson

P5DMALC1-1

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Question 1 of 5

MOST analysis is a framework tool for:

assessing competitive strength

checking demographics

analysis or planning

reducing uncertainty

Micro-environment involves:

global forces

market forces

internal forces

external forces

Advantages of analytical techniques include:

organisation internal environment

limiting resource requirements

identifying opportunities for growth

market leadership

Market forces that may influence strategic planning include:

competition

managers

staff

policies and procedures

A balanced scorecard is used to align business activities to the:

labour market

mission statement

stakeholders interests

resource requirements

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Think And Challenge

It is rare that there is just one way to respond to a scenario or situation, so do not consider that the response you have chosen to this scenario will be judged as right or wrong. Share your scenario with a work colleague and ask them to tell you if they think you have responded appropriately. Ask them to challenge your response if necessary. You do not need to submit this task for assessment unless asked to do so by your tutor.