Strategic Management-2

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



Multiple Choice Single Answer
Question A pictorial depiction of various outcomes of a decision is
Correct Answer decision tree
Your Answer decision tree



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



Multiple Choice Single Answer
Question An approach that strives to follow ethical principles and percepts is
Correct Answer Moral management
Your Answer Moral management



Select The Blank
Question ________ and greater accountability replace formal control.
Correct Answer Self-discipline
Your Answer Self-discipline



True/False
Question The key principle of moral management is "Can we make money with this action decision or behaviour"?
Correct Answer False
Your Answer False



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



Select The Blank
Question Delay in ________ measurement defeats the purpose of evaluation.
Correct Answer Time
Your Answer Time



True/False
Question Counterfeiter copy but with a difference that can be seen.
Correct Answer False
Your Answer False



Match The Following
Question -- Correct Answer -- Your Answer
The Personnel System -- Factor leading to Personnel Capability -- Factor leading to Personnel Capability



4 Ps are -- Product, Price, Place, Promotion -- Product, Price, Place, Promotion



Sources of funds -- Factor leading to financial capability -- Factor leading to financial capability



The retrieval and usage of information -- Factor leading to Information Management Capability -- Factor leading to Information Management Capability



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 Multiple Answer
Question Criteria for making an evaluation are
Correct Answer Consistency with goals , Consistency with environment , Money
Your Answer Consistency with goals , Consistency with environment



Multiple Choice Multiple Answer
Question The culture of a company is conveyed through
Correct Answer Rites , Myths , Rituals
Your Answer Rites , Myths , Rituals



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



Multiple Choice Multiple Answer
Question Measures to take corrective action
Correct Answer Checking performance , Reformulate strategies , Standard check
Your Answer Checking performance , Reformulate strategies , Standard check



Select The Blank
Question ETOP stands for ________.
Correct Answer environmental threat & opportunity profile
Your Answer environmental threat & opportunity profile



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



Multiple Choice Multiple Answer
Question Techniques used in environmental appraisal are
Correct Answer single-variable extrapolation/multivariable interaction analysis , structured/ unstructured expert/inexpert opinion , Dynamic modes and mapping
Your Answer single-variable extrapolation/multivariable interaction analysis , structured/ unstructured expert/inexpert opinion , Dynamic modes and mapping



Select The Blank
Question Cadbury's add in which Amitabh Bachchan clarifies about the safety of the product (dairy milk) is an example of ________ defense.
Correct Answer counteroffensive
Your Answer counteroffensive



Multiple Choice Single Answer
Question This strategic posture plays a leadership role in establishing how the industry operates
Correct Answer Shapers
Your Answer Shapers



Multiple Choice Multiple Answer
Question market research is conducted by
Correct Answer by employees , by research agencies , by consultants
Your Answer by research agencies , by consultants



Multiple Choice Single Answer
Question The aim in stability strategies is-
Correct Answer move slowly & surely
Your Answer move slowly & surely



True/False
Question Business ethics is how personal norms do not apply to activities & goals of a commercial firm.
Correct Answer False
Your Answer False



Multiple Choice Single Answer
Question Strategic management deals with
Correct Answer Business process
Your Answer Business process



True/False
Question Style of a company are the patterns of actions taken by members of top management over a period of time
Correct Answer True
Your Answer True



Select The Blank
Question The benefits of a change in process are defined in terms of ________ cost savings
Correct Answer Labour
Your Answer Labour



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 Multiple Answer
Question supplier & technological environment is concerned with
Correct Answer quality & no. of suppliers , logistics , raw material , trends and rate of change of technology
Your Answer quality & no. of suppliers , logistics , raw material , impact of organization on each sector



Multiple Choice Single Answer
Question Concentric diversification means
Correct Answer new activity related to existing business
Your Answer new activity related to existing business



Select The Blank
Question Companies employ trained ________ to develop "competency models" to identify potential leaders
Correct Answer Psychologists
Your Answer Psychologists



Multiple Choice Single Answer
Question Strategic management is mainly the responsibility of
Correct Answer Top Management
Your Answer Top Management



True/False
Question All policies are 'statements'
Correct Answer False
Your Answer False



Multiple Choice Single Answer
Question Horizontal integration is concerned with
Correct Answer product lines
Your Answer product lines



Multiple Choice Multiple Answer
Question A Company's strategy
Correct Answer Vital ingredient in determinig it's future , Yields growth, profits etc , may result in disaster if inappropriate
Your Answer Vital ingredient in determinig it's future , Yields growth, profits etc , may result in disaster if inappropriate



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



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 Single Answer
Question Contractual entry modes are
Correct Answer licensing / franchising
Your Answer licensing / franchising



True/False
Question Macro environment has got immediate impact on business.
Correct Answer False
Your Answer False



True/False
Question According to Michael Porter, the core of efficiency management is strategy.
Correct Answer True
Your Answer False



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



Multiple Choice Multiple Answer
Question Different kinds of information systems are
Correct Answer Operational level system , Knowledge level system , Management level system
Your Answer Operational level system , Knowledge level system , Management level system



True/False
Question Arranging training program on productivity is a strategic decision.
Correct Answer False
Your Answer True



Multiple Choice Single Answer
Question T in SWOT, refers to
Correct Answer unfavorable conditions in external environment.
Your Answer unfavorable conditions in external environment.



True/False
Question Under functional strategics we have vertical fit & horizontal fit.
Correct Answer True
Your Answer True



Select The Blank
Question The ________ are distinct little business set up as units in a larger company
Correct Answer Strategic business Units
Your Answer Strategic business Units



Multiple Choice Single Answer
Question Expansion strategy means
Correct Answer growth
Your Answer growth



Select The Blank
Question Factors leading to personnel capability are________.
Correct Answer IR, OB
Your Answer IR, OB



Multiple Choice Multiple Answer
Question market research is conducted by
Correct Answer by employees , by research agencies , by consultants
Your Answer by employees , by research agencies , by consultants



Multiple Choice Single Answer
Question Retrenchment strategy means
Correct Answer contraction of business activities
Your Answer contraction of business activities



Multiple Choice Single Answer
Question The discipline which deals with what is good and bad and which moral obligation is
Correct Answer Ethics
Your Answer Ethics



Select The Blank
Question The benefits of a change in process are defined in terms of ________ cost savings
Correct Answer Labour
Your Answer Labour



Multiple Choice Single Answer
Question An approach that strives to follow ethical principles and percepts is
Correct Answer Moral management
Your Answer Moral management



Match The Following
Question -- Correct Answer -- Your Answer
vertical forward integration means -- becoming your own customer -- becoming your own customer



horizontal integration means -- additional product/service for same customers -- additional product/service for same customers



vertical backward integration means -- becoming your own supplier becoming -- your own supplier



strategic alliances means -- two or more entities join hands for mutual benefit -- two or more entities join hands for mutual benefit.