Strategic Management

Strategic Management

1. Question – Bajaj starting to manufacture Sunny is an example of Correct Answer – Concentration strategy

2. Question – “market Share “ is not a primary issue when the company adopt of Correct Answer – Cost Leadership

3. Question – The strategies which deal with the relative and restricted function for allocation of resource is

Correct Answer – Functional strategies

4. Question – The organizational pyramid gives us a ________ hierarchy.

 Correct Answer – Vertical

5. Question – A  ______ , if successful, will become a cash cow when its industry matures

 Correct Answer – Star

6. Question – A market leader needs to carefully defend his market as the competitor is always looking for entry into exiting market. The defense strategies include

 Correct Answer – Per-emptive defense, Flank defense

7. Question – Cost competence needs to be nurtured and protected.

 Correct Answer – TRUE

8. Question – The tool used for decision making in A range of future is

 Correct Answer – Technology forecasting

9. Question – Decentralized federation of assets and responsibilities is seen in a

 Correct Answer – Multinational organizational model

10. Question – Delhi method is used to determine complex forecasting concerning multiple factors.

 Correct Answer – TRUE

11. Question – organizational Capability is

 Correct Answer – measurable, synergy, the inherent potential of an organization

12. Question –                                 Correct Answer –

A) Strategy implementation         depends on the vision

B) Synergy                                        corporate level strategy

C) Fit                                                  locks out imitators

D) Strategy                                        of strategies at different levels

13. Question – For problem solving, managers need to adopt a  

 Correct Answer – vertical approach

14. Question – The multifactor Portfolio matrix show the relative position of each segment, using for the Y axis  

 Correct Answer – The Relative Segment attractiveness

15. Question – For high cash generation, one requires  

 Correct Answer – high return and slow growth

16. Question – Internal Retrenchment is carried out under which of the following circumstances  

 Correct Answer – Rapid decline in market share

17. Question – The tangible link between identified core competence and end products are core products.

 Correct Answer – TRUE

18. Question – The business scenario changed after Liberalization and included changes like

 Correct Answer – Formation of WTO, IT Revolution, Online Trading

19. Question – ________ fund their own growth.

 Corrects Answer – Cash cows

20. Question – The factors considered to study the financial capability of an organization include

 Corrects Answer – ability of the company to raise funds , usage of fund , management of funds

21. Question –                                Corrects Answer

A) Envisioned future                      JD Power Survey

B) Core ideology                              character of the organization

C) Strategic intent                           Canon wants “Beat Xerox”

D) Strategic planning                      SWOT Analysis

22. Question – The major issues of appraisal system are

 Corrects Answer – Factor of appraisal, Relevance of appraisal, Individual appraisal

23. Question – “To democratize the Automobile” was the visionary goal set by Ford which falls in the category of

 Corrects Answer – Target goals

24. Question – The functions of a Portfolio Analysis include

 Corrects Answer –

A)    It is used for decision making at different level i.e at the Corporate, SBU, Product line levels

B)    Provides guidance for investment Strategies for Product line

Strategic Management

Strategic Management

LIST OF ATTEMPTED QUESTIONS AND ANSWERS

Match:

 1. Question- Correct Answer -

A) Milestone review -  

     Implementation control

B) Monitor a broad range of events inside and outside the company

   - Strategic surveillance

C) It enables the strategists to take corrective action at the right time - Premise Control

D) First step of signal detection –

Emergency Alert Control

Multiple Choice Single Responses

2. Question- Bacardi acquired Martini and Rossi, the _________vermouth maker who had products in almost as many markets.

Correct Answer -: Italian

3. Question-. ___________ Customization involves a permanent cutting to fit mixing or tailoring.

Correct Answer -: Dimensional

4. Question-.. __________ systematic efforts to assess conformance to organizational ethics.

Correct Answer -: Ethics Audit

5. Question-.. _______________ funded a large scale community development project to enable farmers to use local resources effectively.

Correct Answer -: Asian Paints

6. Question-.. Decision Making is the core of ___________

  Correct Answer -: Planning

7. Question-.. _______________ number of  complex variables and criteria to consider.

  Correct Answer -: Complexity

8. Question-.. The axis of SPACE matrix has ________ external dimensions.

  Correct Answer -: 2

9. Question-.. In which year the world suffered Traumatic Depression ?

Correct Answer -: 1930

10. Question-.. How many brothers of Arvind Mills decided to put up a mill to produce a superfine fabric?

Correct Answer -: Three

11. Question-... Which Company failed to innovate and adopt to new technology ?

Correct Answer -: Firestone

Multiple Choice Multiple Response type :

12. Question-... Advantages of Concentration Strategies are :

  Correct Answer -:

(A) It involves fewer organizational changes

     (B)    It is less threatening and more comfortable staying with present business.

     (C)    The decision making has a high level of predictability.

13. Question-... Jerry Porras and James Collins have given a good framework

     For developing a vision and a mission . They divided into two

     Parts:

  Correct Answer -:

(A) Core ideology

        (B)    Envisioned Future

14. Question-... Match the following:

A ) Range of Futures -                Level 3

B) True Ambiguity -                   Level 4

C) A clear enough future -        Level 1

D) Alternate futures -                 Level 2

15. Question-... Match

A) First task of Strategic Planning Process -

     Clarifying the mission of the corporation

B ) Pre- requisite for selecting the right  Opportunities -

      Defining the business

C) Central to Strategic Planning -

     Surveying the environment

D) The most crucial task of Corporate Strategy-

      Formulate the corporate strategy

True / False :

16. Question-...Ethics Hotline is a special telephone line established to enable employees  to

Bypass the normal chain of command in reporting grievances and serious ethical problems.

Correct Answer -: True

17. Question-... Cash Cows generate cash.

Correct Answer -: True

18. Question-... The Strategic factors that boost ROI  does not contribute to long term value.

Correct Answer -: False

Strategic Management

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

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

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 -
The strategies which deal with the relative and restricted function for allocation of resources is
Correct Answer
Funcational streategies
Your Answer
Funcational streategies

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

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 , trends and rate of change of technology

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

Multiple Choice Single Answer
*Question -
The decisions which are applied to structured or routine problems are
Correct Answer
programmed decisions
Your Answer
programmed decisions

Multiple Choice Multiple Answer
*Question -
These following factors determine the desire of risk
Correct Answer
Strategies , Resources
Your Answer
Strategies , Resources , Competence

Multiple Choice Single Answer
*Question -
In SWOT , S stands for
Correct Answer
favorable condition in the organization's environment.
Your Answer
potentials and competencies of organization.

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

Multiple Choice Multiple Answer
*Question -
Harvest strategy is used for
Correct Answer
Dogs , Question- marks
Your Answer
Dogs , Question- marks

True/False
*Question -
Timing of measurement before hand serves the purpose of evaluation.
Correct Answer
False
Your Answer
False

Multiple Choice Single Answer
*Question -
Degree to which the decision maker is accountable for the outcomes of the decision is
Correct Answer
accountability
Your Answer
accountability

True/False
*Question -
Systems are formal and informal rules and regulations that complements the company structure
Correct Answer
True
Your Answer
True

Multiple Choice Single Answer
*Question -
Responsibility towards society & community includes - Avoiding bad, smoky chimneys, & pollution of any kind and abiding by the
Correct Answer
Environment Protection Act
Your Answer
Environment Protection Act

True/False
*Question -
Change in company structure from divisional to matrix also mean changes in the systems in various degrees
Correct Answer
True
Your Answer
True

Multiple Choice Single Answer
*Question -
They are ultimately responsible for all the administrative aspects of strategic evaluation and control
Correct Answer
Chief executive
Your Answer External auditor

Multiple Choice Single Answer
*Question -
This portfolio involves major capital investments which will result in either large pay offs or large losses
Correct Answer
Big bets
Your Answer
Big bets

True/False
*Question -
Getting new users is a position defense strategy.
Correct Answer
False
Your Answer
False

Multiple Choice Single Answer
*Question -
The objective to maximize value of the enterprise by striking a mean between liquidity, risk and profitability is
Correct Answer
Receivables planning
Your Answer
Taxation planning

Match The Following
Question
Correct Answer
Your Answer
Board of Directors
Link between company & external environment
Link between company & external environment
Profit centers
S.B.U. s
S.B.U. s
S.B.U.s are more focused on their
Product line/business
Product line/business
Manufacturing strategy
Productivity
Productivity

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

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

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

Multiple Choice Multiple Answer
*Question -
Money is invested by way of
Correct Answer
Debt , Equity
Your Answer
Debt , Risk , Equity

True/False
*Question -
Numerator may bring short-term results, but there may be serious long-term sacrifices.
Correct Answer
False
Your Answer
True

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

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

Select The Blank
*Question -
In a ________ a decentralized structure is achieved & harmonized at the plant & area levels.
Correct Answer
Delegation
Your Answer
Delegation

True/False
*Question -
Micro environment is the internal environment of a company.
Correct Answer
False
Your Answer
False

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

Multiple Choice Multiple Answer
*Question -
Business is rated on which dimensions
Correct Answer
Market attractiveness , Business strength
Your Answer
Market attractiveness , Business strength , Competition level

Multiple Choice Single Answer
*Question -
It provides a way to bring in the people dimension in macro company analysis without using psychological models of human behaviour
Correct Answer
Culture
Your Answer
Culture

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

Multiple Choice Multiple Answer
*Question -
These people are primarily responsible for operating control based on budgeting, reporting and financial analysis
Correct Answer
Company secretary , Auditor , Financial controller
Your Answer
Company secretary , Auditor , Financial controller

Multiple Choice Multiple Answer
*Question -
Factors to be considered in political- legal environmental scanning are
Correct Answer
govt. policies, stability, philosophy of govt. , legal system, implementation, infrastructure , import-export
Your Answer
govt. policies, stability, philosophy of govt. , legal system, implementation, infrastructure , import-export

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

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

Multiple Choice Single Answer
*Question -
It refers to formal and informal rules, regulations and procedures that complements the company structure
Correct Answer
Systems
Your Answer
Systems

Multiple Choice Single Answer
*Question -
It is based on a trigger mechanism for rapid response and immediate reassessment of strategy in the light of sudden and unexpected events
Correct Answer
Emergency alert contriol
Your Answer
Emergency alert contriol

Select The Blank
*Question -
Control should involve________ amount of information.
Correct Answer
Minimum
Your Answer
Minimum

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

Select The Blank
*Question -
________ models can be described as a system that describe how pieces of business fit together.
Correct Answer
Business
Your Answer
Business

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

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

Multiple Choice Multiple Answer
*Question -
They have time based utility
Correct Answer
Goals , Resources
Your Answer
Employess , Resources

Strategic Management - 7

Multiple Choice Single Answer
*Question -
Vertical integration is concerned with
Correct Answer
supply chain
Your Answer
supply chain

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

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

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

Match The Following
Question
Correct Answer
Your Answer
Rely on short term assessment
Barrier in evaluation
Audit and Executive committee
Premise control
Identifies key assumptions
Identifies key assumptions
Emergency alert control evaluation
Type of strategic control
Control
Strategic evaluation
Effectiveness of strategy
Effectiveness of strategy

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 -
Critical resources in the emerging information age are
Correct Answer
Information , Expertise , Intelligence
Your Answer
Information , Expertise , Intelligence

Multiple Choice Single Answer
*Question -
It enables the strategists to take corrective action at the right time
Correct Answer
Premise control
Your Answer
Premise control

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 , Money

Multiple Choice Multiple Answer
*Question -
Attack strategies are
Correct Answer
frontal attack , flank attack , encirclement attack
Your Answer
frontal attack , flank attack , encirclement attack

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

Multiple Choice Multiple Answer
*Question -
Performance is affected by
Correct Answer
Distorted resource allocation , Inappropriate structure , Wrong motivational styles
Your Answer
Distorted resource allocation , Inappropriate structure , Wrong motivational styles

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

True/False
*Question -
Standards of performance act as the benchmark against which the actual performance is compared.
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 , technology

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

Select The Blank
*Question -
Displacing competitor is ________ category of goal.
Correct Answer
common enemy
Your Answer
common enemy

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

Select The Blank
*Question -
Tata motors goal of reaching middle class two wheeler owners is a ________ category of goal.
Correct Answer
internal transformation
Your Answer
target

Select The Blank
*Question -
GATT stands for ________.
Correct Answer
general agreement on trade & tariff
Your Answer
global agreement on trade & taxes

Multiple Choice Multiple Answer
*Question -
Strategic intent
Correct Answer
obsession with an organization , ambitions in proportion to their existing resources & capabilities , what the organization strives for.
Your Answer
obsession with an organization , ambitions in proportion to their existing resources & capabilities , what the organization strives for.

Multiple Choice Single Answer
*Question -
Investment entry mode are
Correct Answer
joint venture/independent ventures/subsidiaries
Your Answer
joint venture/independent ventures/subsidiaries

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 -
The Hallmarks for self-regulation are
Correct Answer
Trust & fairness , Changed Management , Integrity & thoughtfulness
Your Answer
Trust & fairness , Changed Management , Integrity & thoughtfulness

True/False
*Question -
Reciprocal responsibility means equal blames and credit.
Correct Answer
False
Your Answer
True

Multiple Choice Single Answer
*Question -
The decisions which are relate to daily decisions like leave records etc. which are mundane in nature & highly routined & can be done at a junior level are
Correct Answer
operational decisions
Your Answer
operational decisions

Multiple Choice Multiple Answer
*Question -
The various areas covered by social responsibility are
Correct Answer
Inner Circle , Intermediate circle , Outer Circle
Your Answer
Inner Circle , Intermediate circle , Outer Circle

Select The Blank
*Question -
Make or buy decision is related with ________strategy.
Correct Answer
vertical ( backward ) integration
Your Answer
vertical ( backward ) integration

Multiple Choice Single Answer
*Question -
General Electric Matrix is divided into how many cells
Correct Answer
9
Your Answer
9

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 -
A cycling accessory firm strive to become 'the nike of the cycling industry' is ________category of goal.
Correct Answer
role model
Your Answer
role model

Multiple Choice Single Answer
*Question -
Denominator management
Correct Answer
cost reduction
Your Answer
cost reduction

Multiple Choice Single Answer
*Question -
A network of facilities and distribution that performs the functions of procurement of materials trasforming into intermediate and finished products & distributing them to customers is
Correct Answer
Supply chains
Your Answer
Supply chains

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 -
market research is conducted by
Correct Answer
by employees , by research agencies , by consultants
Your Answer
by employees , by research agencies , by consultants

Select The Blank
*Question -
________ is a modern plant consisting of modules centered around a stage in the production process
Correct Answer
Flotilla concept
Your Answer
Flotilla concept

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

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

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

True/False
*Question -
Adapter duplicate the leader and claim to be similar or even the same.
Correct Answer
False
Your Answer
False

True/False
*Question -
Three C's affecting today's companies are customer, competition & change
Correct Answer
True
Your Answer
True

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

True/False
*Question -
Focused company is generally protected from competition.
Correct Answer
True
Your Answer
False

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

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

Match The Following
Question
Correct Answer
Your Answer
Market follower are
Imitator
Imitator
Horizontal integration means
Additional product/service for same customers
Additional product/service for same customers
Vertical forward integration means
Becoming your own customer
Becoming your own customer
Position defense means
Fortification around one's territory
Fortification around one's territory

Multiple Choice Multiple Answer
*Question -
Organizational models are
Correct Answer
multinational model , international model , global organizational model
Your Answer
multinational model , international model , global organizational model

Strategic Management - 6

www.shopperixmall.com
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.

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

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

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

True/False
*Question -
Undec the social goals the responsibilities with regard to employees includes prociding maximum possible satisfaction to consumer providing quality goods & services at reasonable prices.
Correct Answer
False
Your Answer
False

Select The Blank
*Question -
________cost accounting measures the cost of producing and ignores the cost of non-producing
Correct Answer
Traditional
Your Answer
Traditional

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

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 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

*Question -
At this strategic level, the effort is directed at assessing how well the organisation is pursuing a given strategy
Correct Answer
Operational evaluation
Your Answer
Implementation evaluation

Multiple Choice Single Answer