Strategic Management Question Bank Answers

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Five Keys to Effectiveness. zip Strategic Management Communication for Leaders, 2nd EditionRobyn Walker Instructor Manual. federal law designed to protect investors by improving the accuracy and reliability of:the corporate vision. Correct Answer False Your Answer True Multiple Choice Single Answer Question This strategic posture invests sufficiently to stay in the race but avoids pre-mature commitments. (a) Business Process Automation 2. Ketchen, Alan B. MCQ on Strategic Human Resource Management with answers. Chapter 11. PESTEL analysis includes Political, Economic, Social, Technological, Environmental and Legal analysis. Company reputation with customers, suppliers and other stakeholders is an intangible resource. All questions carry equal marks. COMPETITIVE ADVANTAGE AND STRATEGIC MANAGEMENT FOR PERFORMANCE EXCELLENCE TRUE/FALSE QUESTIONS 1. Organizational change D. ” This question is a great opportunity to put a positive spin on something negative, but you don’t want your answer to be cliché – joking or not. Strategic management C. True False 45. Strategies in International Contexts. Free PMP Questions and Answers – 40 Questions. Question Bank for Strategic Management as per MIM 1. Multiple Choice Multiple Answer Question Three important managerial qualities required for the effective strategic management Correct Answer Conceptual, human & intellectual skills , Decision making ability , Vision Your Answer Conceptual, human & intellectual skills , Decision making ability , Vision. CPA Strategic Management Accounting Get through your CPA studies with 2 full-length Practice Exams, Recorded Webinars, Module Quizzes and over 50 Video Tutorials. This Strategic Management of Technological Innovation 5th Edition Test Bank is designed to enhance your scores and assist in the learning process. Management (SRM) is to establish two-way, mutually beneficial relationships between an organization and its suppliers. Let’s start with the four key strategy questions the Drivers Model answers. Correct Answer False Your Answer False True/False Question Micro environment is the internal environment of a company. Strategic management involves setting objectives, analyzing the competitive environment. Strategic Financial Management Banking and Indian Financial Systems Merchant Banking and Financial Services Project Management Management Accounting: Strategic Financial Management Banking and Indian Financial Systems Merchant Banking and Financial Services Project Management Management Accounting: MBA-International Business. •Tackle the questions you feel more confident about FIRST. Carefully prepared statements of vision and mission are widely recognized as the first step in strategic management. But again there are different nu-ances. Variance analysis is a key element of performance management and is the process by which the total difference between flexed standard and actual results is analysed. A) two B) three C) four D) five Answer: C Diff: 2 Page Ref: 164 Topic: Strategic Management Process 24) In the first step of strategic management, the mission of the firm answers the question, _____ A) What business should we be in?. Ask a question that nobody could know the answer to—like the gas station and piano questions—and be prepared to answer follow-up questions as your candidate reasons out a ballpark guess. There are many regulations of academic honesty of your institution to be considered at your own discretion while using it. Part of the discussion includes blurry concepts like risks and trade-offs. All questions carry equal marks. pdf), Text File (. Strategy B. Strategic management essay questions and answers pdf. Interview Questions About Management. True False 45. 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Professionals, Teachers, Students and Kids Trivia Quizzes to test your knowledge on the subject. Q: A strategic alliance is where two or more organisations share resources and activities to pursue a common strategy. Discussion Questions and Power Points for this book is also available. Strategy B. Characterize the sources of competitive advantage in modern firms. click on the subject title to open Strategic Management November 2019 Past question Paper and answers Strategic Management May Read More. PESTEL analysis includes Political, Economic, Social, Technological, Environmental and Legal analysis. 23) The first _____ steps of the strategic management process describe the planning that must take place. Financial Derivatives & Risk Management. Bad answer: “I work too hard,” or for the comedian, “Blondes. It is executed by strategic planners or strategists , who involve many parties and research sources in their analysis of the organization and its relationship to the environment in which it competes. Start studying Short Answer Questions and Answers for Strategic Management. Explain the steps in control process and various types of control system. What is the difference between vertical and horizontal differentiation? 3. Higher marks are to be awarded to answers that are comprehensive in answering the question. With improvements in data collection and data availability, refinements in methodology, and a greater appreciation of the high value of human resources management outcomes,. the Question Plan your answer - don’t dive-in Write your answer and use diagrams •Look for the minor and major words. Chapter 2 – Overview of the Nonprofit Sector. A strategy that cannot be implemented is not worth the paper it is written on. A) two B) three C) four D) five Answer: C Diff: 2 Page Ref: 164 Topic: Strategic Management Process 24) In the first step of strategic management, the mission of the firm answers the question, _____ A) What business should we be in?. A word about probing questions: Be prepared for probing or follow on questions exploring your answer in more detail. MS-11 Strategic Management Exam Papers MBA - Master of Business Administration. ’ (9 marks) (b) Appraise how effective change management can address strategic drift. The Nature of Strategic Management. Mobile phone tone. Login Sell. Eisner Instructor's Manual. 68 Free Test Bank for Strategic Management Concepts and Cases 1st Edition Rothaermel Multiple Choice Questions Go on practicing 68 free samples from Free Test Bank for Strategic Management Concepts and Cases 1st Edition Rothaermel to prepare for your next exam now. 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"Human Resource Management Multiple Choice Questions and Answers (MCQs)" PDF to download is a revision guide with a collection of trivia quiz questions and answers PDF on topics: benefits and services, coaching, careers and talent management, employee testing and selection, establishing strategic pay plans, ethics justice and fair treatment. org, The HBR tutorial to Building Your Business Case e-book + equipment will allow you to: 1) Spell out the business need to have and align it with strategic ambitions, two) Gather feed-back to form and examination your strategy, three) estimate ROI, 4) assess pitfalls and options, 5) obtain support from. federal law designed to protect investors by improving the accuracy and reliability of:the corporate vision. SUGGESTED ANSWER TO QUESTIONS DECEMBER 2011 PAPER – 13 : MANAGEMENT ACCOUNTING – STRATEGIC MANAGEMENT Time Allowed : 3 Hours Full Marks: 100 The figures in the margin on the right side indicate full marks. here BA7 302 SM Syllabus notes download link is provided and students can download the BA7 302 Syllabus and Lecture Notes and can make use of it. How can a corporate keep sliding into the decline stage of the organizational life cycle? 10. David, Francis Marion University. Strategic Management Question Bank. These are carefully picked up questions from previous examinations. These questions of strategic impact dominate research into strategic human resources management (SHRM). •Watch the clock and be ruthless. The organisation’s expenditures should be mapped using the portfolio tool to create broad sourcing strategies. This Strategic Management of Technological Innovation 5th Edition Test Bank is designed to enhance your scores and assist in the learning process. IMPORTANT QUESTIONS AND ANSWERS ON STRATEGIC MANAGEMENT INCLUDING CASE STUDIES - FOR IPCC/PCC #pdf Submitted By: GAUTAM DEY. Choose the one alternative that best completes the statement or answers the question. Table of Contents We. Options and Strategic Methods. Strategic planning is an organizational management activity that is used to set priorities, focus energy and resources, strengthen operations, ensure that employees and other stakeholders are working toward common goals, establish agreement around intended outcomes/results, and assess and adjust the organization’s direction in response to a. Build a command of strategic positioning. D) increased resistance to change. Here we have given Strategic Management Multiple Choice Questions with Answers which can be used for internal exams, skill test or aptitude test. 7, 81669, Munich, Germany Alexander Moutchnik University Professor, Elis and Signe Olsson Professor of Business Administration, The Darden School of Business, Academic Director of Business Roundtable Institute for Corporate Ethics. Learn vocabulary, terms, and more with flashcards, games, and other study tools. Each question carries 20 marks. At the annual corporate retreat, the top management team spends at least one full day reviewing the past years performance and comparing the actual results to those anticipated in their previous year's strategic plan. The best answers contained an outline of the process. 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Management job interview questions that explore your understanding and experience of what management involves in today's business environment. PAPER 7 : INFORMATION TECHNOLOGY AND STRATEGIC MANAGEMENT SECTION A : INFORMATION TECHNOLOGY Question No. INSTRUCTIONS: Answer Question ONE and any other TWO questions. Start studying Short Answer Questions and Answers for Strategic Management. Photo SAEED KHAN/AFP/Getty Images As September begins, most large, public companies will be in the thick of planning for the next fiscal year. 10 Marks B) “The Resource Factor Cuts Across All Phases Of The Strategic Management Process”. – Management defines what it requires in the shape of performance improvements, sets goals for success and monitors performance to ensure that the goals are achieved. human resource management, strategic management, and management. 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Strategic Implementation: The selected options now have to be implemented. a set of activities that will assure a sustainable competitive advantage and above-average returns for the firm. Strategic Management - Frank T. click on the subject title to open Strategic Management November 2019 Past question Paper and answers Strategic Management May Read More. Management provides you all type of quantitative and competitive aptitude mcq questions with easy and logical explanations. Performance Management – to create a correlation between employees’ individual goals and the strategic objectives of the organization. COM, Ratios, Financial Statements, Profit and Loss Account, Balance Sheet, Cash Flow Statement, Fund Flow Statement, Partnership Accounts. Frequently Asked Questions in Project Management 1. Students will likely have a far greater understanding of the big picture after having gone through the entire course. Isn’t strategic planning. 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Source #2: strategic management multiple choice questions pearson. Question 11 of 20 5. Introduce your students to strategic management with the market-leading textbook, Strategic Management: Concepts and Cases: Competitiveness and Globalization 12th edition (PDF) that sets the standard for the course area. 1 is compulsory Answer any five questions from the rest. Multiple Choice Single Answer Question It is the process of analyzing, dividing and arranging work or activities into manageable portion for individuals, sections & departments Correct Answer departmentation Your Answer departmentation Multiple Choice Single Answer Question Strategic management is mainly the responsibility of. MNG4801 Preparations: Previous Exam Questions and Answers gathered. Strategic human resource management (SHRM) is not just a function of the HR department—all managers and executives need to be involved because the role of people is so vital to a company’s competitive advantage (Becker & Huselid, 2006). Intended strategies are developed when firms choose and implement their strategies exactly as described by the strategic management process. in - Buy Question Bank- Information Technology and Strategic Management: Padhuka CA IPCC book online at best prices in India on Amazon. answering the questions in this self-assessment, your team can identify together the most important areas to improve. Test Bank (Download only) for Strategic Management: A Competitive Advantage Approach, Concepts and Cases, 16th Edition Fred R David, Francis Marion University Forest R. Question time Determining a board's strategic responsibilities is a complex decision that can vary widely between companies and countries. In Strategic Management: Theory and Practice, Fourth Edition, John A. Exclusive content The content you are trying to access is exclusively for ACA students. Master of Business Management Semester IV MB0052 – Strategic Management and Business Policy - 4Credits (Book ID: B1314) Assignment Set- 1 (60 Marks) Note: Each Question carries 10 marks. Professionals, Teachers, Students and Kids Trivia Quizzes to test your knowledge on the subject. An important question a mission statement should answer is, “What do we want to become?” Ans: F. ’ (9 marks) (b) Appraise how effective change management can address strategic drift. The most common blockchain questions and some helpful answers. Multiple Choice Single Answer Question It is the process of analyzing, dividing and arranging work or activities into manageable portion for individuals, sections & departments Correct Answer departmentation Your Answer departmentation Multiple Choice Single Answer Question Strategic management is mainly the responsibility of. 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Top reasons to buy Test Bank for Strategic Management, 5th Edition: Gregory Dess from us: Best Price: Your motto is to go for the least and our policy is to reduce costs as low as possible like Test Bank for Strategic Management, 5th Edition: Gregory Dess. 00 is to be pledged to GOVT in form of CDR. Some of the questions these types of strategic management concepts are trying to answer include: What are the opportunities and threats you can perceive in the current economic climate? What is the future economic landscape like for your products, market and business? What is the current state of your business?. Home > Chapter 2 > Multiple Choice Quiz. Only then creating a mission can benefit a company. Strategic Management and Competitive Advantage, 4E Jay B. ADVERTISEMENTS: Some frequently asked exam questions on strategic management are as follows: Q. The following questions are top-of-mind for great leaders–and more importantly, they know the answers. 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Multiple Choice Quiz (See related pages) Results Reporter Out of 15 questions, you answered 11 correctly with a final grade of 73% 11 correct (73%) 4 incorrect (27%) 0. 7, 81669, Munich, Germany Alexander Moutchnik University Professor, Elis and Signe Olsson Professor of Business Administration, The Darden School of Business, Academic Director of Business Roundtable Institute for Corporate Ethics. Strategic management is not a simple process; it is complex. The term strategic points to the long-term nature of this mapping exercise and to the large magnitude of advantage the exercise is expected to give an organization. Define System. Question One Strategic marketing management drives its nature from the strategic management process. The next step was an in person "round robin" interview with various team members and Senior Leadership. If students have passed all three Strategic papers (E3, P3 and F3) under the 2010 syllabus then they can move onto the new Strategic Integrated Case Study, however if part way through the level then they will need to sit the new Objective Test for the papers yet to be sat and the Integrated Case study for that level. This question builds on prior studies and relates to learning material and objectives from Online Modules 1, 2 and 3. Illustrate and explain the process of strategic management 2) Briefly discuss the benefits of strategic management for a business organization 3) Enumerate the different components of environment that affect management of an organization 4) Briefly explain the impact of technological environment on business. This company management evaluation questionnaire gathers insights on effectiveness, direction, team development and other skills of the management team. 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An online management assessment test can be used to test everything from basic interpersonal skills to advanced leadership abilities. •Watch the clock and be ruthless. The widely accepted framework for making strategic decisions may be illustrated as under : Typically, it urges managers to proceed sequentially through the following logical steps : 1 Analyse the environment, 2 […]. Correct Answer False Your Answer True Multiple Choice Single Answer Question This strategic posture invests sufficiently to stay in the race but avoids pre-mature commitments. Past Assignments and Notes Topics Covered Discontinuous change and incremental change The strategic management terminology The distinction between corporate level business level and function level strategies Distinguish between inside out and the outside in perspectives in analyzing strategy Explaining incorporated strategic. To save or share your essay, copy and paste the text into a Word document or an email. Describe the six segments of the general environment. Big Questions and Strategic Thinking. "You are buying Test Bank for " Strategic Management, 4th E by Parnell ". I interviewed at Strategic Management (Alexandria, VA) in June 2017. reduced need for physical assets. Correct Answer False Your Answer True Multiple Choice Multiple Answer Question Three important managerial qualities required for the effective strategic management Correct Answer Conceptual, human & intellectual skills , Decision making ability , Vision. strategic management multiple choice questions pearson. What is meant by ‘Strategy’?. These are designed to find out what you were thinking, what your motivations were and what process you followed. Time scales. Characterize the sources of competitive advantage in modern firms. Correct Answer False Your Answer True Multiple Choice Single Answer *Question This strategic posture invests sufficiently to stay in the race but avoids pre-mature commitments. A: Scale, access, complementary and collusive alliances. All questions carry equal marks. You have signed up for a four-hour, 200+ question multiple-choice exam with up to five question types. Answer any five questions from the remaining six questions. It contains assignments for PGDBA, PGDIM, PGDHRM, PGDIB, PGDIT. This feature sets Mastering Strategic Management apart from any strategic management book on the market today. Strategic management is the process by which a firm manages the formulation and implementation of its strategy. MBA 599 –Strategic Management Exam Info The comprehensive Strategic Management Exam in this course is provided by Peregrine Academic Services. (b) Today itself based on past years’ experience and future projected increase 5. Twenty years ago, personnel management focused on administrative aspects. Strategic Business Management module study resources Here are some resources you will find useful if you are studying for the Strategic Business Management exam. Answer any five questions from the remaining six questions. Section B is compulsory. INSTRUCTIONS: Answer Question ONE and any other TWO questions. Question 1 Tutorial note: At the skills level it is not always possible to publish a suggested answer which is fully comprehensive. Sabine Fuss, head of the sustainable resource management and global change working group at the Mercator Research Institute on Global Commons and Climate Change, questions whether the slow pace of action from governments has much to do with the modeling dynamics outlined in the new paper. Strategic Implementation: The selected options now have to be implemented. Cost Management. Each question carries 25 marks (Each answer should be of minimum 2 pages / of 300 words) 1. Trial exam questions+answers logistics and supply chain management 2 Khaoula Marai Slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. MGT603 Strategic Management MCQs from Quiz 3 solved by vuZs Team Lesson 1-33 13 August 2013 MGT603 Strategic Management Solved Questions from Book by David (chap 2) c 27 October 2013 MGT603 Strategic Management Solved MCQs from Book by David (chap 2) b 28 September 2013. This course prepares you to think strategically in an age when companies like Apple, Google, and Microsoft have become more valuable (in market cap terms) than companies like Exxon. CA Intermediate | CA IPCC Strategic Management Question papers with Answers. Get help with your Strategic management homework. With free strategic management test bank samples and answers, you can practice easily to enhance your ability of analytic thinking with clear examples in the real life. Hill, Gareth R. 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Previously, Professor Pearce was the Eakin Endowed Chair in Strategic Management at George Mason University and a State of Virginia Eminent Scholar. Parnell, Strategic Management: Theory and Practice 4e Instructor Resource A firm that competes in many countries typically must analyze and be concerned with multiple industry structures. Seven Principles of Success. Use the sample answers to prepare for your management job interview. E) more effective allocation of time and resources. Answer: D) increased resistance to change. Download Test bank questions and solution manual instantly after placing your order easy checkout we get the file directly from publishers, view free samples. strategic management multiple choice questions pearson. Overview of Strategic Management 1. Reassess asset management and private banking. There were few very good answers to this question. What is strategy and the strategic management process? Strategy is aimed at creating sustainable competitive advantage. 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Multiple Choice Multiple Answer Question Three important managerial qualities required for the effective strategic management Correct Answer Conceptual, human & intellectual skills , Decision making ability , Vision Your Answer Conceptual, human & intellectual skills , Decision making ability , Vision. ; The Sarbanes-Oxley Act of 2002 is a U. •Don’t sit there and admire or worry about your answer. Here we have given Strategic Management Multiple Choice Questions with Answers which can be used for internal exams, skill test or aptitude test. 23) The first _____ steps of the strategic management process describe the planning that must take place. Practice MCQs with strategic management exam questions and answers, types of strategies questions and answers for HRM exam tests. Strategic management is the process of formulating a short and long term plan and implementing it using various resources available within the organisation. 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Ask a question that nobody could know the answer to—like the gas station and piano questions—and be prepared to answer follow-up questions as your candidate reasons out a ballpark guess. answering the questions in this self-assessment, your team can identify together the most important areas to improve. 1 and any other two more from the rest in this section. The bottom line: Being a strategic leader is about asking the right questions and driving the right dialog with your team. Find out more. Master of Business Management Semester IV MB0052 – Strategic Management and Business Policy - 4Credits (Book ID: B1314) Assignment Set- 1 (60 Marks) Note: Each Question carries 10 marks. We will be giving rationales for each free PMP questions and answers. Find the MCQ on Strategic Human Resource Management (SHRM) with Answers. Know what the Fifth Amendment limits? Limitations on the exercise of governmental power or authority and prevent person from being tried twice for the same offense, testify against himself. These are designed to find out what you were thinking, what your motivations were and what process you followed. Some questions have multiple parts – be sure to address each part. The question banks contain answers to every possible questions, some of which you’ll actually see word for word in your exam. The Essay portion of the exam on strategic management consisted of three questions which required short answers (100-200 words each). Answer: D) increased resistance to change. Home > Chapter 2 > Multiple Choice Quiz. – A clear line of sight exists between the strategic aims of the authority and those of its departments and its staff at all levels. Strategic Management Theory and Practice 4th Edition Parnell Test Bank. 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The fundamental purpose for the existence of any organization is described by its. Effective strategic planning processes are intangible resources. Trial exam questions+answers logistics and supply chain management 2 Khaoula Marai Slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. Other files by the user. Give an outline of relation between 'Strategy and Customer' in brief. B) enhanced communication. Managers and employees work together to define, test, measure, and update the objectives, with the help of intuitive web-based self-service tools. Questions like, 'how to gain competitive edge over rivals?', 'what is the distinctive competency and the unique strategic positioning that contributes to competitive advantage?', 'should a strategy be deliberately planned or should it be allowed to be emerging?', 'how attractive is this industry and how to sustain competitive advantage in this industry', etc. Show transcribed image text. While you answer this project management interview question, you should describe each of these steps with clarity of thought. COM, Ratios, Financial Statements, Profit and Loss Account, Balance Sheet, Cash Flow Statement, Fund Flow Statement, Partnership Accounts. Question: My company is small. The following questions are top-of-mind for great leaders–and more importantly, they know the answers. Team Projects A total of 5 teams will be formed and announced before the first class meeting (see assignments at the end of this document). DDE STUDY MATERIALS & QUESTION BANK. Strategic management C. Here five MCQ Questions with Answers are added on MIS and each question contain four options as possible answer but only one option is the correct answer. True False 46. Practice MCQs with strategic management exam questions and answers, types of strategies questions and answers for HRM exam tests. As part of its training, most military academies teach the:Nine Principles of War. •Don't sit there and admire or worry about your answer. False ANSWER: False POINTS: 1 DIFFICULTY: Easy REFERENCES: 40. zip Strategic Management Cases An Integrated Approach, 10th Edition by Charles W. Multiple Choice Quiz (See related pages) Results Reporter Out of 15 questions, you answered 11 correctly with a final grade of 73% 11 correct (73%) 4 incorrect (27%) 0. 1) Define strategic management. Login Sell. Strategic planning is an organizational management activity that is used to set priorities, focus energy and resources, strengthen operations, ensure that employees and other stakeholders are working toward common goals, establish agreement around intended outcomes/results, and assess and adjust the organization’s direction in response to a. Questions like, 'how to gain competitive edge over rivals?', 'what is the distinctive competency and the unique strategic positioning that contributes to competitive advantage?', 'should a strategy be deliberately planned or should it be allowed to be emerging?', 'how attractive is this industry and how to sustain competitive advantage in this industry', etc. ADVERTISEMENTS: Some frequently asked exam questions on strategic management are as follows: Q. the corporate mission. What is meant by ‘Strategy’?. The strategic management process encompasses three phases which together involve a number of systematic steps. With an additional 56 professionally written interview answer examples. 9 Common Strategic Planning Questions, Answered After years of helping organizations simplify their strategy and reporting processes, we’ve heard many of the same strategic planning questions time and time again. human resource management, strategic management, and management. Download free printable assignments worksheets of Strategic Financial Management from CBSE NCERT KVS schools, free pdf of CA Final SFM Question Bank chapter wise important exam questions and answers CA Final SFM - Question bank for the entire SFM. A true/false, multiple choice and discussion question test bank. federal law designed to protect investors by improving the accuracy and reliability of:the corporate vision. 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HR as a Strategic Partner. doc), PDF File (. ” PMI intends to redefine what it means to be a global professional association. -Strategic Management An Integrated Approach, by Charles W. procedures. Do You Agree? Explain Your Answer. A true/false, multiple choice and discussion question test bank. reduced need for physical assets. Strategic planning provides a variety of benefits in the organization. This question builds on prior studies and relates to learning material and objectives from Online Modules 1, 2 and 3. Project Management Questions and Answers PDF covers certification exam syllabus, competitive exam papers with answers, and career tests prep from project management textbooks on chapters: Advance Project Management MCQs: 25 Multiple Choice Questions. Anna University BA7302 Strategic Management Syllabus Notes 2 marks with answer is provided below. Reassess asset management and private banking. 250+ Strategic Planning For Project Management Interview Questions and Answers, Question1: How would you describe the term ‘strategic thinking’? Question2: Outline in very broad terms how you would create a strategy for say, a public interest campaign. •Watch the clock and be ruthless.