Strategic Management - 23

LIST OF ATTEMPTED QUESTIONS AND ANSWERS


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


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


Multiple Choice Multiple Answer
Question Merger takes place
Correct Answer between a buyer and a seller , to avail tax
concessions , to increase growth rates
Your Answer between a buyer and a seller , to avail tax concessions , to
increase growth rates


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


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


Multiple Choice Multiple Answer
Question What is Statistical Quality Control(SQC)
Correct Answer Identifies quality and productivity from a
production process , Identifies impact of any change on performance ,
Instantly spots malfunctions and show where they occur
Your Answer Identifies quality and productivity from a production
process , Identifies impact of any change on performance , Instantly spots
malfunctions and show where they occur


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


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 Empower people through great software anytime , any place,
on any device'- Microsoft
Correct Answer vision
Your Answer vision


True/False
Question HR implementation involues a series of action programme like
production, estimation of raw materials, labour & machine hours.
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 Niche marketing means
Correct Answer end user specialist , specific customer specialist ,
geographic specialist
Your Answer end user specialist , specific customer specialist ,
research specialist


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


Multiple Choice Single Answer
Question These are moves that will pay off irrespective of what
happens in the future
Correct Answer No-regret moves
Your Answer No-regret moves


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


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


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


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


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


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


True/False
Question Excelling in one market guarantees success in a new.
Correct Answer False
Your Answer False


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. V.R.S.

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 challenge


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


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


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 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


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 Law


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


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


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


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 ambitions in proportion to their existing resources &
capabilities , what the organization strives for. , concept of optimization


Multiple Choice Single Answer
Question Corporate strategy ensures
Correct Answer fit between the firm and its environment
Your Answer fit between the firm and its environment


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


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


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

Match The Following
Question Correct Answer Your Answer

Comparative analysis is historical analysis Reengineering

Benchmarking is competitive analysis competitive analysis

Michael Hammer & James Chapy Reengineering value chain analysis

GDP stands for gross domestic product gross domestic product

True/False
Question Budgets are plans expressed in numerical terms usually in
financial terms
Correct Answer True
Your Answer True


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


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


Multiple Choice Multiple Answer
Question The major issues of appraisal system are
Correct Answer Factors of appraisal , Relevance of apprasial ,
Procedure of appraisal
Your Answer Factors of appraisal , Relevance of apprasial , Procedure of
appraisal


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


True/False
Question Micro environment is the internal environment of a company.
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 Modular


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


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.


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

Strategic Management - 22

LIST OF ATTEMPTED QUESTIONS AND ANSWERS


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


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


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


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

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


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


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 , simulation , Dynamic modes and mapping


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 , sharing competence of each
other , monopoly of one company


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


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


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


True/False
Question Changes in company structure also necessitates changes in
the systems in various degrees
Correct Answer True
Your Answer True


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


Multiple Choice Single Answer
Question Strategic management is concerned with
Correct Answer long- range planning
Your Answer controlling


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


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 , Only factor
determing it's success or failure , may result in disaster if inappropriate


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 Multiple Answer
Question Factors determining HRP (Human Resource Planning )
Correct Answer Type & Strategy of organisation , Environmental
uncertainties , Type & quality of information
Your Answer Type & Strategy of organisation , Environmental
uncertainties , Type & quality of information


Multiple Choice Single Answer
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 Operational evaluation


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


Match The Following
Question Correct Answer Your Answer

Decision making Managers to develop the courage to make unconventional
decisions Managers to develop the courage to make unconventional
decisions

Social Responsibility Managers to maintain high ethical standards
Managers to maintain high ethical standards

Lateral thinking Managers to learn to deal with chaotic situations
Managers to learn to deal with chaotic situations

Responsiveness Managers to provide speedy responses to environmental
changes Managers to provide speedy responses to environmental changes

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


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


True/False
Question Arranging training program on productivity is a strategic
decision.
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 ambiguity


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


Multiple Choice Single Answer
Question These are critical situations that occur unexpectedly and
threaten the course of a firm's strategy
Correct Answer Crisis
Your Answer Crisis


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


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


Select The Blank
Question Japan's major productivity gains are the results of social
changes brought about by ________
Correct Answer Statistical quality control
Your Answer Statistical quality control


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


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


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


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


Multiple Choice Multiple Answer
Question How does 'structure' reduce external uncertainity arising
out of human behaviour
Correct Answer Research and planning , Forecasting
Your Answer Research and planning , Forecasting , Departmentalisation


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 Single Answer
Question In SWOT , S stands for
Correct Answer favorable condition in the organization's
environment.
Your Answer Strategy


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


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


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


Multiple Choice Multiple Answer
Question An unhealthy portfolio has
Correct Answer More dogs , Few stars
Your Answer More dogs


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 rivals , by consultants


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


Select The Blank
Question ________ should have the ability to develop a visionto see
patterns into the future.
Correct Answer Leaders
Your Answer Leaders


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

Strategic Management - 21

LIST OF ATTEMPTED QUESTIONS AND ANSWERS


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


Multiple Choice Multiple Answer
Question How does 'structure' reduce external uncertainity arising out of human behaviour
Correct Answer Research and planning , Forecasting
Your Answer Research and planning , Forecasting


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


Multiple Choice Single Answer
Question It is designed to monitor a broad range of events inside and outside the company that are likely to threaten a firm's strategy
Correct Answer Strategic surveillance
Your Answer Strategic surveillance


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 Three C's affecting today's companies are customer, competition & change
Correct Answer True
Your Answer True


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


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


Multiple Choice Multiple Answer
Question The major issues of appraisal system are
Correct Answer Factors of appraisal , Relevance of apprasial , Procedure of appraisal
Your Answer Factors of appraisal , Relevance of apprasial , Procedure of appraisal


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


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


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


Multiple Choice Single Answer
Question Knowledge of the relationships between choices, environment & outcomes is
Correct Answer familiarity
Your Answer familiarity


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


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


True/False
Question Budgets are plans expressed in numerical terms usually in financial terms
Correct Answer True
Your Answer True


Multiple Choice Single Answer
Question These are critical situations that occur unexpectedly and threaten the course of a firm's strategy
Correct Answer Crisis
Your Answer Crisis


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


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 This strategic posture takes the current industry structure and its future evolution as given and then react to the opportunities the market offers
Correct Answer Adapters
Your Answer Adapters


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


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


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


True/False
Question Acquisitions which are friendly are termed as "take-overs".
Correct Answer False
Your Answer True


Match The Following
Question
Correct Answer Your Answer
Fit
SWOT analysis first intensive target
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 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


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 True


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


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


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 Economics of scale requires ________.
Correct Answer high market share
Your Answer high market share


Multiple Choice Single Answer
Question Empower people through great software anytime , any place, on any device'- Microsoft
Correct Answer vision
Your Answer vision


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


Multiple Choice Multiple Answer
Question Competenncy models reveal three types of capabilities
Correct Answer Technical skills , Cognitive skills , Emotional Intelligence Quotient
Your Answer Technical skills , Cognitive skills , Integrity


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


Select The Blank
Question Titan going into setting their won retail outlets- this is ________ integration.
Correct Answer vertical ( forward )
Your Answer vertical ( forward )


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


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


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


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


Select The Blank
Question Bajaj started manufacturing of sunny is an example of ________.
Correct Answer concentration strategy
Your Answer concentration strategy


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 Attack strategies are
Correct Answer frontal attack , flank attack , encirclement attack
Your Answer frontal attack , flank attack , encirclement attack


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


Match The Following
Question
Correct Answer Your Answer
Comparative analysis is
historical analysis value chain analysis
Benchmarking is
competitive analysis historical analysis
Michael Hammer & James Chapy
Reengineering Reengineering
GDP stands for
gross domestic product gross domestic product


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


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