Strategy for Product Manager Instructions:Number of questions: 13Time limit: 4 minutesMust be finished in one sitting. You cannot save and finish later.Questions displayed per page: 1Will allow you to go back and change your answers.Will not let you finish with any questions unattempted. 1 / 13 At the heart of business strategy is: he intelligent allocation of limited resources Distributing resources across all potential growth opportunities Working to be better and faster than the competition 2 / 13 Good strategy requires managers to Serve as many customers as possible Not be all things to all people Develop an exit strategy for the business 3 / 13 A goal is: The general outcome you’re trying to achieve The current purpose of the organization The specific outcome you’re trying to achieve 4 / 13 Which one of the following is not a pitfall of an organization in strategic planning? Hastily moving from mission development to strategy formulation Failing to involve key employees in all phases of planning Using strategic planning to gain control over decisions and resources Using plans as a standard for measuring performance 5 / 13 Goals and objectives represent: The tactical means of achieving business success How you will achieve your mission and vision What you are trying to achieve 6 / 13 What is a strategy? Formulating goals The marketing process A description of how objectives will be achieved. An action plan Formulating objectives 7 / 13 The three disciplines of strategy are: Customer focus, service, and product leadership People, strategy, and process Acumen, allocation, and action 8 / 13 What are important components of any successful product Product Vision All above Product Strategy Product roadmap Backlog and Execution 9 / 13 An objective is: The general outcome you’re trying to achieve The specific outcome you’re trying to achieve The future purpose of the organization 10 / 13 Effective strategy depends just as much on: The economy as it does on your core competencies Tactics as it does goals and objectives What you choose not to do as it does on what you choose to do 11 / 13 Successful business strategy is about: Providing differentiated value to customers Having the “right people on the bus Being better than the competition 12 / 13 Strategic thinking can be defined as: Annual process for creating a strategic plan Using SWOT Analysis to identify opportunities and threats The ability to generate business insights on a continual basis 13 / 13 Strategy and tactics represent: Long and short term goals A balanced scorecard indicating business performance How you will achieve your goals and objectives Your score is 0% Restart quiz
