MIDTERM QUIZ 2 STRATEGIC BUSINESS MANAGEMENT 

IDENTIFICATION: 
1.IT IS THE PROCESS BY WHICH THE COMPANY ADHERES TO THE COMPLEX RULES,
POLICIES AND PROCESSES THAT REGULATE BUSINES PRACTICE IN A PARTICULAR
JURISDICTION. 
2.IT IS A SET OF MORAL PRINCIPLES AND VALUES THAT WE USED TO ANSWER
QUESTIONS OF WHAT IS RIGHT OR WRONG. 
3.IT IS A SET OF ORGANIZATIONAL PROCESSES POLICES NAD PROCEDURES THAT
SUPPORTS COMPLIANCE WITH LAWS, RULES, REGULATION, REQUIREMENT AND
GUIDELINES ESTABLISHED BY LAWMAKERS IN THE JURISDITION WHERE THE
ORGANIZATION OPERATES. 
4. THE TECHNIQUE INCLUDE THE SPECIFIC STEPS A COMPANY INTENDS TO TAKE
TO DEPLOY THE RESOURCES. 
5.PROVIDES A MEANS BY WHICH THE COMPANIES CAN IDENTIFY POCKETS OF
GROWTH WITHIN EXISTING SEGMENTS AND BEYOND, AND ASSESTS THEM
AGAINS STRATEGIC OPTION. 
ENUMERATION: 
I. WHAT ARE THE FOUR LENS IN STRATEGIC CHOICE? (4) 
II. GIVE ATLEAST 6 CORE PRINCIPLES OF BUSINESS ETHICS. (6) 
III. WHAT ARE THE BASIC REGULATORY COMPLIANCE? (8) 
IV. WHAT ARE ANALYZING STRATEGIC ALTERNATIVES? (2) 
 
 
 
 
ANSWERS: 
IDENTIFICATION 
1. LEGAL COMPLIANCE 
2. ETHICS 
3. REGULATORY COMPLIANCE 
4. STATEGIC CHOICE 
5. MARKET LENS 
 
ENUMERATION 
I. FINANCIAL LENSES, MARKET LENSES, COMPETITIVE ADVANTAGE LENS, OPERATING
MODEL LENS 
II. HONESTY,INTEGRITY,KEEPING PROMISES,LOYALTY, FAIRNESS,CARING, OBEYING THE
LAW, EXCELLENCE, BEING THE LEADER, MORALE, ACCOUNTABLE. 
III. RECORD KEEPING, SERVICE OF PROCESS,ENTITY EXPANSION OR CONTRACTION, OTHER
ENTITY CHANGES, ANNUAL REPORT FILLINGS, BUSINESS LICENSES, REGISTERED AGENT
REPRESENTATION, TAX REPORTING AND PAYMENTS. 
IV. OBJECTIVE FACTORS, SUBJECTIVE FACTOR.