Strategic Management - 13

LIST OF ATTEMPTED QUESTIONS AND ANSWERS

Multiple Choice Multiple Answer
Question Principles to manage strategic alliances are
Correct Answer provide for an exit strategy , clarity in strategy & responsibilities , blending cultures
Your Answer clarity in strategy & responsibilities , blending cultures , provide for an exit strategy

Multiple Choice Single Answer
Question A strategy used to learn more about customers need & behaviours in order to develop stronger relationship with them is
Correct Answer CRM
Your Answer CRM

Multiple Choice Multiple Answer
Question Program is a combination of
Correct Answer goals , policies , procedures
Your Answer goals , policies , procedures

Select The Blank
Question Module of Flotilla strikes an optimum balance of ________ and flexibility
Correct Answer Standardisation
Your Answer Standardisation

Select The Blank
Question Like roots of a tree, ________of organization is hidden from direct view.
Correct Answer core competence
Your Answer core competence

Multiple Choice Single Answer
Question This strategic posture invests sufficiently to stay in the race but avoids pre-mature commitments
Correct Answer Reserve the right to play
Your Answer Reserve the right to play

True/False
Question The actual performance deviates positively over the budgeted performanve. This is an indication of superior performance
Correct Answer True
Your Answer True

Multiple Choice Multiple Answer
Question Various phases of Growth are
Correct Answer Creativity , Delegation , Co-ordination
Your Answer Creativity , Delegation , Co-ordination

True/False
Question Scheduling is a part of strategic management.
Correct Answer False
Your Answer False

Select The Blank
Question Strategic evaluation determines the effectiveness of ________
Correct Answer Strategy
Your Answer Strategy

Multiple Choice Multiple Answer
Question The various models of social responsibility are
Correct Answer Austere Model , Vendors Model , Civic Model
Your Answer Austere Model , Vendors Model , Civic Model

Select The Blank
Question Brush your teeth twice a day is an example of expanding the total market by________.
Correct Answer more usage
Your Answer more usage

Multiple Choice Single Answer
Question They enact the formal role of reviewing and screening executive decisions in the light of their environmental, business and organisational implications
Correct Answer Board of director
Your Answer Board of director

Multiple Choice Single Answer
Question Mission
Correct Answer philosophy, public image
Your Answer target

Multiple Choice Multiple Answer
Question The preparation of ETOP involves
Correct Answer dividing environment into sectors , sub factors , analyze impact of each sector & sub factor on organization , description of impact of each subfactor into a statement which is positive, neutral or negative.
Your Answer dividing environment into sectors , sub factors , analyze impact of each sector & sub factor on organization , description of impact of each subfactor into a statement which is positive, neutral or negative.

Multiple Choice Single Answer
Question Associated external agencies means
Correct Answer channel members, customers, suppliers etc.
Your Answer channel members, customers, suppliers etc.

True/False
Question Staffing function applies to all company levels irrespective of levels of hierarchy
Correct Answer True
Your Answer True

True/False
Question Change in company's strategy gives rise to problems necessitating a new structure to be made
Correct Answer True
Your Answer True

Multiple Choice Multiple Answer
Question The reasons for acquisition are
Correct Answer Increased market power , Increased diversification , Increased speed to market
Your Answer Increased market power , Increased diversification , Increased speed to market

Multiple Choice Multiple Answer
Question Core ideology
Correct Answer core values , core purpose
Your Answer core values , core purpose

Match The Following
Question Correct Answer Your Answer

Maintain strategy stable environment stable environment

Market follower are imitator imitator

Market challenger are bypass attack bypass attack

Turnaround strategy V.R.S. diversification


True/False
Question Analysis of variances leads to a plan for corrective action
Correct Answer True
Your Answer True

Multiple Choice Multiple Answer
Question Macro environment
Correct Answer Political- legal , socio-cultural , economic-demographic
Your Answer Political- legal , socio-cultural , economic-demographic

Multiple Choice Single Answer
Question Financial environment is concerned with
Correct Answer demand & supply of money, capital markets
Your Answer demand & supply of money, capital markets

True/False
Question The environment of any organization is "the aggregate of all conditions, events and influences that surround and affect it."
Correct Answer True
Your Answer True

Select The Blank
Question ________ is a deep understanding of ones emotions, strengths, weaknesses, needs, drives & their effects on self and others.
Correct Answer Self-awareness
Your Answer Self-awareness

Select The Blank
Question Value chain analysis is an effective tool for ________.
Correct Answer internal analysis
Your Answer internal analysis

Select The Blank
Question Economics of scale requires ________.
Correct Answer high market share
Your Answer high market share

Select The Blank
Question Formal systems are adopted to bring ________ & amalgamation of decentralized units into product groups.
Correct Answer Co-ordination
Your Answer Centralization

Select The Blank
Question A hardware manufacture enters into software is an example of ________integration.
Correct Answer vertical ( forward )
Your Answer horizontal

Multiple Choice Single Answer
Question At this level , the effort is directed at assessing the consistency of strategy with the environment
Correct Answer Strategic evaluation
Your Answer Strategic evaluation

Multiple Choice Single Answer
Question Core purpose
Correct Answer mission
Your Answer mission

Select The Blank
Question ________ support managers by keeping track of the elementary activities & transactions of the organization such as sales, receipts, raw materials etc.
Correct Answer Operational level systems
Your Answer Operational level systems

True/False
Question Companies have strenghts in a number of areas but their key strength are few in number
Correct Answer True
Your Answer True

Multiple Choice Single Answer
Question W in SWOT stands for
Correct Answer inherent inadequacy of organization
Your Answer weakness of competitors

Select The Blank
Question ________ is the drive to achieve beyond one's expectations
Correct Answer Motivation
Your Answer Motivation

Multiple Choice Multiple Answer
Question The preparation of ETOP involves
Correct Answer dividing environment into sectors , sub factors , analyze impact of each sector & sub factor on organization , description of impact of each subfactor into a statement which is positive, neutral or negative.
Your Answer dividing environment into sectors , sub factors , analyze impact of each sector & sub factor on organization , description of impact of each subfactor into a statement which is positive, neutral or negative.

Multiple Choice Multiple Answer
Question Factors encouraging joint ventures are
Correct Answer uneconomical separate existence , risk of business gets shared , sharing competence of each other
Your Answer uneconomical separate existence , risk of business gets shared , sharing competence of each other

Match The Following
Question Correct Answer Your Answer

Fit SWOT analysis SWOT analysis

Vision what a company wishes to become or aspires to be. what a company wishes to become or aspires to be.

mission what the company is and why it exists. what the company is and why it exists.

BHAG big headed audacious goals big headed audacious goals


Multiple Choice Multiple Answer
Question The control process requires the following types of information
Correct Answer Planned performance , Variances , Reasons
Your Answer Planned performance , Variances , Reasons

True/False
Question Environmental competitiveness tends to encourage ethical behaviour.
Correct Answer False
Your Answer False

Multiple Choice Single Answer
Question Mass media includes
Correct Answer radio, TV, internet etc.
Your Answer radio, TV, internet etc.

Multiple Choice Single Answer
Question A major part of strategy implementation is
Correct Answer resource allocation
Your Answer resource allocation

True/False
Question The actual performance matches the budgeted performance. This is a realistic situation.
Correct Answer False
Your Answer False

Multiple Choice Single Answer
Question Associated external agencies means
Correct Answer channel members, customers, suppliers etc.
Your Answer channel members, customers, suppliers etc.

Multiple Choice Single Answer
Question Magnitude of the decision outcome and scope of their impact on the decision maker's domain of activity is
Correct Answer significance
Your Answer risk