Question 1

In strategy, what does learning refer to?&#10;A) New insights arising from that information that help us understand competitors in a different way&#10;B) Receiving information&#10;C) Taking in information&#10;D) Information assembly

Accepted Answer

Learning refers to gaining new insights and knowledge from gathered information that could be used to understand competitors better. It is not just about receiving or assembling information but interpreting and using it effectively.

Question 2

Why has the experiential learning circle (ELC) been subject to criticism?&#10;A) Because it represents learning as a neat orderly cycle that always follows a fixed routine&#10;B) Because it misses out key analysis steps&#10;C) Because it is only a partial representation of the corporate strategy&#10;D) Because it is overly simplistic

Accepted Answer

The experiential learning circle has been criticized for representing learning as a neat, orderly cycle that does not account for the complexity and variability of real-world learning processes.

Question 3

Situated learning theory recognizes that strategic knowledge derived from cognitive learning processes is not static, but:&#10;A) has a dynamic aspect in both formation and content&#10;B) is fluid and changing&#10;C) is difficult to articulate&#10;D) Is constantly updated

Accepted Answer

Situated learning theory emphasizes that knowledge is dynamic in both its formation and content, as it is shaped by the context and environment in which it is learned.

Question 4

Critical reflection is capable of&#8230;&#10;A) bringing stakeholders together&#10;B) forcing stakeholders apart&#10;C) challenging the status quo&#10;D) generating greater collective insight

Accepted Answer

The answer of Critical reflection is capable of&#8230;&#10;A) bringing stakeholders...

Question 5

Which of the following is not a factor noted by Porter (2017) that stops people from reflecting?&#10;A) We plan to come back to it during strategic review&#10;B) We don't like the results that can emerge from reflection&#10;C) We don't know how to reflect&#10;D) We have a strong bias for action which overrides our willingness to ponder

Accepted Answer

Porter notes in his article that people often fail to reflect because they have a bias for action, they don't know how to reflect, or they don't like the potential outcomes that could come from reflection. However, planning to come back to reflection during strategic review is not mentioned as a factor that stops people from reflecting.

Question 6

Reflection requires us to be:&#10;A) Honest with ourselves and others&#10;B) Critical of others&#10;C) Complimentary to our selves&#10;D) Congratulatory on our achievements

Accepted Answer

Reflection involves self-evaluation and self-awareness, which requires honesty with oneself and others. Critical thinking and feedback on one's own performance are also important aspects of reflection, but being critical of others is not necessary. Complimenting oneself or congratulating oneself on achievements may be beneficial for one's self-esteem, but it is not the primary goal of reflection.

Question 7

The ELC emphasizes the need for considered reflection and reflective practice as a way of improving strategizing performance.

Accepted Answer

The statement accurately reflects the emphasis of the ELC on the importance of reflective practice for improving strategizing performance.

Question 8

Which two of the following help us to test the validity of our plans?&#10;A) Dissenting voices&#10;B) External perspectives&#10;C) External experts&#10;D) Internal review

Accepted Answer

Dissenting voices provide alternative perspectives and challenge assumptions, helping to avoid groupthink and identify weaknesses in plans. External perspectives, such as feedback from customers or industry experts, can also highlight blind spots and potential pitfalls in our plans. While internal review and external expertise can also be helpful, they may not necessarily challenge assumptions or provide alternative perspectives in the same way that dissenting voices and external perspectives can.

Question 9

Which two of the following are key phases in experiential learning?&#10;A) Absorb information about context, actions, and outcomes&#10;B) Refine the new insights arising from small-scale actions or debate with others&#10;C) Prioritise organizational data&#10;D) Use the internal processes to guide a decision

Accepted Answer

Experiential learning involves absorbing information about the context, actions, and outcomes of a situation, followed by reflecting on and refining new insights arising from small-scale actions or debates with others. Prioritising organizational data and using internal processes to guide a decision are not necessarily key phases in experiential learning.

Question 10

The most reliable means of dissecting a situation into its constituent parts and reassembling them in the desired pattern is not a step-by-step methodology such as systems analysis. Rather, it is that ultimate nonlinear thinking tool, the human brain.

Accepted Answer

The statement affirms that human brain is the most reliable tool to dissect and reassemble a situation in the desired pattern, and system analysis is not the ultimate tool for it.

Deck 16: Strategy-In-Practice: Learning, Reflecting, Thinking