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Strategic Management Quiz conducted in the Vishwa
Vishwani Institute of Systems & Management under guidance of Dr.Bharat Bhushan Singh
Strategic Management Quiz conducted in the Vishwa Vishwani Institute of Systems & Management under guidance of Dr.Bharat Bhushan Singh
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- 1. 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 1 Quiz By Ms. Sravani (12001) Ms. K. Sharada (12010) Mr. S.Digvijai Srinag Sai (12020)
- 2. 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 2 Phase -1 MCQ’s
- 3. 1) Which of the following statements regarding strategy formulation and strategy implementation is the most accurate? A. Neither strategy formulation, nor strategy implementation can succeed without the other. B. Strategy formulation is more important than strategy implementation. C. Strategy implementation is more important than strategy formulation. D. Neither strategy formulation, nor strategy implantation can have a significant impact on firm performance. 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 3
- 4. • Answer: A ) Neither strategy formulation, nor strategy implementation can succeed without the other. 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 4
- 5. 2) Which one is not a part of strategy formulation? A. Business level strategy B. Corporate level strategy C. Competitive dynamics D. Corporate governance 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 5
- 6. • Answer: D) Corporate Governance 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 6
- 7. 3) Which is not a part of strategy implementation? A. Strategic Leadership B. Entrepreneurship & Innovation C. Structure & Control D. International Strategy 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 7
- 8. • Answer D) International strategy 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 8
- 9. 4) Which of the following is not a limitation of SWOT (Strengths, Weaknesses, Opportunity, Threats) analysis? A) Organizational strengths may not lead to competitive advantage B) SWOT gives a one-shot view of a moving target C) SWOT's focus on the external environment is too broad and integrative D) SWOT overemphasizes a single dimension of strategy 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 9
- 10. • Answer C) SWOT's focus on the external environment is too broad and integrative 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 10
- 11. 5) Which of these requires a firm to establish annual objectives, devise policies, and allocate resources? A. Strategy formulation B. Strategy implementation C. Strategy evaluation D. Strategy manipulation 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 11
- 12. • Answer A) Strategy formulation 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 12
- 13. 6) A marketing department that promises delivery quicker than the production department's ability to produce is an example of a lack of understanding of the A) synergy of the business units. B) need to maintain the reputation of the company. C) organizational culture and leadership. D) interrelationships among functional areas and firm strategies. 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 13
- 14. • Answer: D) interrelationships among functional areas and firm strategies. 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 14
- 15. 7) Which of the following is not one of the three fundamental questions addressed by corporate strategy? A. In what business will we compete? B. How can we, as a corporate parent, add value to our various lines of business? C. How will diversification or our entry into a new industry help us to compete in our other industries? D. How can we best position our operations to compete against present and future rivals within a particular business? 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 15
- 16. Answer : D. How can we best position our operations to compete against present and future rivals within a particular business? 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 16
- 17. 8) XYZ Corp. is centering on the objective of low-cost, high quality, on-time production by curtailing idle productive facilities and workers. The XYZ Corp. is taking advantage of a ____________ system. A) Just-In-Time (JIT) B) Last In, First Out (LIFO) C) First In, First Out (FIFO) D) Highly mechanized 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 17
- 18. • Answer : Just-In-Time (JIT) 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 18
- 19. 9) Which is not a part of international strategy lifecycle? A. Product Demand Develops and Firm Exports Products B. Firm Introduces Innovation in Domestic Market C. Production Becomes Standardized and is Relocated to Low Cost Countries D. Diversification Strategy 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 19
- 20. • Answer D) Diversification Strategy 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 20
- 21. 10) The process of conducting research and gathering and assimilating external information is called: • A. Mission development • B. Long range planning • C. Industry analysis • D. Lobbying 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 21
- 22. • Answer: C. Industry Analysis 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 22
- 23. 11) The five elements of the strategy diamond are technologies, vehicles, differentiators, staging, and economic logic. A. True B. False 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 23
- 24. • Answer : False 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 24
- 25. 12) ________ is the process by which a firm manages the formulation and implementation of its strategy. A. Total Quality Management B. Strategic Management C. Micro Management D. Economic Logic 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 25
- 26. • Answer: B. Strategic Management 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 26
- 27. 13) The term _________ is used to refer to strategy formulation, implementation, and evaluation, with _________referring only to strategy formulation. A. Strategic planning; strategic management B. Assessment; planning C. Strategic management; strategic planning D. Management cycle; brainstorming 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 27
- 28. • Answer: C ) Strategic Management ; Strategic Planning 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 28
- 29. 14) The two most critical questions that __________ strategy must address are how a company will achieve its objectives today, when other firms may be competing to satisfy the same customer's needs and how the firm plans to compete in the future. A. Corporate B. Functional C. Operational D. Business 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 29
- 30. • Answer: C) Operational 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 30
- 31. 15) All of these are pitfalls an organization should avoid in strategic planning except: A. Using strategic planning to gain control over decisions and resources. B. Failing to involve key employees in all phases of planning. C. Hastily moving from mission development to strategy formulation. D. Using plans as a standard for measuring performance. 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 31
- 32. • Answer : A. Using strategic planning to gain control over decisions and resources. 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 32
- 33. 16) The competencies or skills that a firm employs to transform inputs into outputs are: A) tangible resources. B) intangible resources. C) organizational capabilities. D) reputational resources. 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 33
- 34. • Answer: C) Organizational Capabilities 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 34
- 35. 17) An array of firm resources include interpersonal relations among managers in the firm, its culture, and its reputation with its customers and suppliers. Such competitive advantages are based upon A) physical uniqueness. B) path dependency. C) social complexity. D) tangible resources. 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 35
- 36. • Answer: C)social complexity. 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 36
- 37. 18) A company's ability to meet its short-term financial obligations is measured by which of the following categories? A) liquidity ratios B) profitability ratios C) activity ratios D) leverage ratios 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 37
- 38. • Answer : A) liquidity ratios 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 38
- 39. 19) The "balanced scorecard" supplies top managers with a _____________ view of the business. A) long-term financial B) detailed and complex C) simple and routine D) fast but comprehensive 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 39
- 40. • Answer D) fast but comprehensive 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 40
- 41. 20) The term strategic planning refers only to strategy formulation. A. True B. False 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 41
- 42. • Answer True 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 42
- 43. 21) __________ are the individuals who are most responsible for the success or failure of an organization. A. Strategists B. Consultants C. Operatives D. Ethics Officers 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 43
- 44. • Answer A. Strategists 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 44
- 45. 22) The problem of limited resources within a firm makes ______________ particularly important as the firm decides how to allocate its resources. A. Long-range planning B. Short-term planning C. Strategy formulation D. Strategy implementation 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 45
- 46. • Answer: C. Strategy formulation 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 46
- 47. 23) All of the following are elements of the strategy diamond except A. Vehicles B. Advantages C. Arenas D. Staging 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 47
- 48. • Answer: B. Advantages 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 48
- 49. 24) Within the strategy diamond ______ refer(s) to decisions about the areas in which a firm will be active including its products, services, distribution channels, market segments, geographic areas, technologies, and even stages of the valuecreation process A. Vehicles B. Arenas C. Differentiators D. Economic logic 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 49
- 50. • Answer D. Economic Logic 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 50
- 51. 25) The action stage of strategic management is called strategy formulation. A. True B. False 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 51
- 52. • Answer False 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 52
- 53. 26) The mission statement answers which question? A. What is our business? B. Why is our business? C. How is our business? D. what is our possition? 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 53
- 54. • Answer A. What is our business? 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 54
- 55. 27) Technological advancements can create new________ advantages that are more powerful than existing advantages. A. Cost advantage B. Profit advantage C. Competitive D. Differentiation 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 55
- 56. • Answer C. Competitive 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 56
- 57. 28) Which of following option is not related to blue ocean strategy ? A) Create uncontested market space B) Beat the competition C)Create and capture new demand D) Break the value cost trade - off 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 57
- 58. • Answer: B) Beat the competition 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 58
- 59. 29) What is not one of Michael Porter's five competitive forces? A. Bargaining power of customer B. Threat of substitutes C. Bargaining power of unions D. Intensity of Rivalry among established firms 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 59
- 60. • Answer C. Bargaining power of unions 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 60
- 61. 30) According to Porter, what is usually the most powerful of the five competitive forces? A. Risk of entry by potential competitors B. Bargaining power of suppliers C. Bargaining power of buyers D. Intensity of Rivalry among established firms E. Threat of substitutes 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 61
- 62. • Answer D. Intensity of Rivalry among established firms 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 62
- 63. 31) The "advance work" in the strategic management process is comprised of A)strategy formulation. B)strategy implementation. C)strategic posturing. D)strategy analysis. 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 63
- 64. Answer A)strategy formulation. 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 64
- 65. 32) An independent group of suppliers, such as farmers, gather to form a cooperative in order to sell their products to buyers directly, replacing their previous distributor. This is an example of A)forward integration. B)backward integration. C)threat of substitute products. D)threat of entry. 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 65
- 66. Answer A)forward integration. 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 66
- 67. • 33) The process whereby a firm determines the costs associated with organizational activities from purchasing raw materials to manufacturing products to marketing those products is called? A) Value chain analysis B) Supply chain analysis C) Cost chain analysis D) Product chain analysis 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 67
- 68. • Answer A) Value chain analysis 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 68
- 69. 34) The overall aim of the Balanced Scorecard is to balance financial objectives with strategic objectives. A. False B. True 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 69
- 70. • Answer: A. False 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 70
- 71. 35) Burger King opening its first restaurant in Japan is an example of which type of strategy? A. Market Development B. Promotion strategy C. Development strategy D. Diversification strategy 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 71
- 72. • Answer A. Market Development 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 72
- 73. 36) Web sites to sell products directly to consumers are examples of which type of strategy? A. Forward integration B. Backward integration C. No integration 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 73
- 74. • Answer A. Forward integration 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 74
- 75. 37) How would a division with a low relative market share position in a high growth industry be described? A) Star B) Question Mark C) Cash Cow D) Dog 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 75
- 76. • Answer B) Question Mark 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 76
- 77. 38) The act of oversight and direction for an organization is referred to as A. Corporate social responsibility B. Corporate Governance C. Company top management Company Secretary 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 77
- 78. • Answer B. Corporate Governance 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 78
- 79. 39) Which organizational structure is the most simple and inexpensive? A. Functional structure B. Matrix structure C. Both A & B D. None of these 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 79
- 80. • Answer A. Functional Structure 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 80
- 81. 40) Which of these involves comparing a firm against the best firms in the industry on a wide variety of performance-related criteria? A. Competition base B. Adaptation C. Benchmarking D. Development strategy 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 81
- 82. • Answer C. Benchmarking 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 82
- 83. 41) Which two variables are of central importance to strategy implementation? A. Market Targeting and product positioning B. Market segmentation and Targeting C. Market segmentation and product positioning 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 83
- 84. • Answer C. Market segmentation and product positioning 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 84
- 85. 42) Strategy evaluation is based on A. Qualitative criteria B. Quantitative criteria C. Both A & B D. None of these 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 85
- 86. • Answer C. Both A & B 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 86
- 87. 43) can enable firms to learn the technology, culture, and business practices of other people and to make contacts with potential customers, suppliers, creditors, and distributors in foreign countries. A. Takeover B. Joint ventures C. Acquisition D.Merger 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 87
- 88. • Answer B. Joint Ventures 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 88
- 89. 44) Communication between domestic headquarters and overseas operations is often made difficult by? A. Geographic distance, B. Cultural differences, C. Variations in business practices, D. National differences E. All of the above F. None of the above 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 89
- 90. • Answer E. All of the above 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 90
- 91. 45) Market____________ is the process of identifying groups of customers with basically similar wants, needs, preferences or buying behaviors. a) Development b) Positioning c) Segmentation d) Targeting 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 91
- 92. • Answer C. Segmentation 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 92
- 93. 46) Economies of scale are derived from: a) Achieving cheaper unit costs through making larger quantities b) Using cheaper raw materials c) Increasing the breadth of the portfolio d) Increasing the number of markets served 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 93
- 94. • Answer: a) Achieving cheaper unit costs through making larger quantities 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 94
- 95. 47) The _________ opportunities and threats that face a multinational corporation are almost limitless. A. Social, B. Cultural, C. governmental, D. Political E. All of the above 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 95
- 96. • Answer E. All of the above 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 96
- 97. 48) Diversification into many unrelated areas is an example of: A. Risk management B. Good management C. Uncertainty reduction D. Sustainability 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 97
- 98. • Answer A. Risk Management 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 98
- 99. 49) 360% feedback involves appraisals by: a) Line managers b) Subordinates' c) Superiors' d) Anyone who is directly in contact with the appraise. 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 99
- 100. • Answer : d) Anyone who is directly in contact with the appraise. 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 100
- 101. 50) What are the four types of resources that can be used to achieve desired objectives A. financial, physical, human and technological. B. financial, physical, Capital, technological. c. Human, capital, R&D, technological, human 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 101
- 102. Answer : A. financial, physical, human and technological. 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 102
- 103. 51) Value chain analysis is an effective tool for ___________ A. External analysis B. Internal analysis C. Company analysis D. Product analysis 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 103
- 104. • Answer B. Internal Analysis 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 104
- 105. Phase -2 Fill in the blanks 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 105
- 106. 1) What does SBU stand for? Abbreviation: Strategic Business Unit 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 106
- 107. 2) What does SAP stand for ? Abbreviation : Strategic Advantage Profile. 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 107
- 108. 3) What does SMOTI stands for ? Abbreviation : Strategic Management Of Technology and Innovation 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 108
- 109. 4) What does OCP stand for ? Abbreviation: Organizational Capability Profile 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 109
- 110. 5) What does ILCA stand for ? Abbreviation: Industry Life Cycle Analysis 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 110
- 111. 6) What does ETOP stands for ? Abbreviation : Environment Threat and Opportunity Profile 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 111
- 112. 7) In the sketch of the BCG matrix, what is the label of the vertical axis? Ans: Industry Growth Rate 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 112
- 113. 8) __________ becomes ___________only when they are evaluated, filtered, condensed, analyzed and organized for a specific purpose, problem, individual, or time. Ans: Data ; Information 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 113
- 114. 9) XYZ Corp. is centering on the objective of low- cost, high quality, on-time production by curtailing idle productive facilities and workers. The XYZ Corp. is taking advantage of a ____________ system. Ans: Just – In – Time (JIT) 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 114
- 115. 10) The process of conducting research and gathering and assimilating external information is called: Ans: Industry Analysis 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 115
- 116. 11) ________ is the process by which a firm manages the formulation and implementation of its strategy. Ans: Strategic Management 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 116
- 117. 12) The competencies or skills that a firm employs to transform inputs into outputs are: Ans: Organizational Capabilities 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 117
- 118. 13) The "balanced scorecard" supplies top managers with a _____________ view of the business. Ans: Fast but comprehensive 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 118
- 119. 14) __________ are the individuals who are most responsible for the success or failure of an organization. Ans: Strategists 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 119
- 120. 15) The problem of limited resources within a firm makes ______________ particularly important as the firm decides how to allocate its resources. Ans: Strategy Formulation 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 120
- 121. 16) Technological advancements can create new________ advantages that are more powerful than existing advantages. Ans: Competitive 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 121
- 122. 17) The "advance work" in the strategic management process is comprised of Ans: Strategic Formulation 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 122
- 123. 18) Strategy evaluation is based on Ans : Qualitative And Quantitative criteria 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 123
- 124. 19) Market____________ is the process of identifying groups of customers with basically similar wants, needs, preferences or buying behaviors. Ans: Segmentation 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 124
- 125. 20) The _________ opportunities and threats that face a multinational corporation are almost limitless. Ans : Any one in the following is correct Social , Cultural , Governmental , Political 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 125
- 126. 21) Diversification into many unrelated areas is an example of: Ans: Risk Management 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 126
- 127. 22) Value chain analysis is an effective tool for ___________ Ans : External analysis 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 127
- 128. Phase -3 MANAGEMENT GURU’S AND HIS Philosophy's 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 128
- 129. 1) Core Competence, Bottom-of- the-pyramid? a) C K Prahalad and Gary Hamel b) Abraham Maslow C) Alfred DuPont Chandler Ans: A) C K Prahalad and Gary Hamel 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 129
- 130. 2) Strategy , Globalization a. Kenichi Ohmae B. Kurt Lewin c. Laurence Peter Ans: A) Kenichi Ohmae 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 130
- 131. 3) Strategic Planning A. Kaplan and Norton B. Kenichi Ohmae C. Henry Mintzberg Ans : C) Henry Mintzberg 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 131
- 132. 4) Balanced Score-Card A. George Yip b. Henri Fayol C. Henry Mintzberg D. Kaplan and Norton Ans: Kaplan and Norton 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 132
- 133. 5) McKinsey 7-S Framework a. James Tobin b. Pascale and Athos c) James Utterback d. Jeffrey Pfeffer and Robert Sutton Ans: b. Pascale and Athos 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 133
- 134. 6) Corporate Strategic Planning, popularizing SWOT analysis? A. James Tobin B. James Utterback c. Robert Sutton D. Igor Ansoff Ans: Igor Ansoff 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 134
- 135. 7) Problems of organizational structure A. Henri Fayol B. Henry Mintzberg C. Igor Ansoff D. James Brian Quinn Ans: A. Henri Fayol 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 135
- 136. 8) Blue Ocean Strategy A. W Chan Kim and Renee Mauborgne B. George Yip C. Henri Fayol D. Henry Mintzberg Ans: A. W Chan Kim and Renee Mauborgne 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 136
- 137. 9) Five Forces Model, Value Chain A. Kaplan and Norton B. Kenichi Ohmae C. Michael E Porter D. Kurt Lewin E. None of these Ans: Michael E Porter 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 137
- 138. 10) Which Is not Hard compound Of McKinsey 7-S Framework i. Strategy ii. Structure iii. Skills iv System Ans: iii. Skills 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 138
- 139. 13/10/2017 DIGVIJAI , SHARADA , SRAVANI 139
Which of the following is not an activity a strategic management process?
The correct answer is option (C) Assigning administrative tasks. Explanation: Assigning administrative tasks is NOT a major element of the strategic management process. The process of strategic management includes goal setting, analysis, strategy formation, strategy implementation, and strategy monitoring.
Which are the activities of the strategic management process?
Five stages of strategic management process
identifying and analyzing internal and external strengths and weaknesses; formulating action plans; executing action plans; and. evaluating to what degree action plans have been successful and making changes when desired results are not being produced.
What are the 4 strategic management process?
The four phases of strategic management are formulation, implementation, evaluation and modification.
What are the 3 strategic management process?
The strategic-management process consists of three stages: strategy formulation, strategy implementation, and strategy evaluation.