Deck 5: Strategic Management and Business Strategy

Question 1

ETOP stands for .

A)environmental threat & opportunity project
B)environmental threat & opportunity profile
C)environmental treaty & opportunity profile
D)environmental threat & optimum profile

Answer 1

environmental threat & opportunity profile

Question 2

The control process requires the following types of information

A)Planned performance
B)Variances
C)Reasons
D)All of the above

Answer 2

All of the above

Question 3

Harvest strategy is used for

A)Dogs
B)Question marks
C)Cash cow
D)both 'A' and 'B'

Answer 3

both 'A' and 'B'

Question 4

Attack strategies are

A)Frontal attack
B)Flank attack
C)Encirclement attack
D)all of the above

Question 5

Three C's affecting today's companies are

A)Customer, Competition, Change
B)Cost, Competition, Change
C)Customer, Competition, Cost
D)Customer, Cost, Change

Question 6

For strategic learning, the balanced scorecard supplies

A)Two elements
B)Three elements
C)Four elements
D)Five elements

Question 7

In strategic learning, an element defines the articulation of the company's

A)Review process
B)Operational goals
C)Shared vision
D)Business model

Question 8

Business strategy can be thought of a set of hypotheses about the relationship of

A)Input and output
B)Cause and effect
C)Transformation processes
D)Modeling and planning

Question 9

Scorecard facilitates the strategy review essential for

A)Strategic learning
B)Strategic plan
C)Strategic domain
D)Strategic model

Question 10

A business strategy should be viewed as a set of

A)Domain
B)Models
C)Hypothesis
D)Procedures

Question 11

Strategic mission:

A)is a statement of a firm's unique purpose and scope of operations.
B)is an internally-focused affirmation of the organization's societal and ethical goals.
C)does not limit the firm by specifying the industry in which the firm intends to compete.
D)is developed by a firm before the firm develops its strategic intent.

Question 12

----------- is a participative, systematic approach to planning and implementing a constant organizational improvement process.

A)WPM
B)TQM
C)SCM
D)QC

Question 13

SCM Stands for ----------

A)Suppler-Customer and Money
B)Supply Chain Management
C)Supplier and Customer Management
D)Sales Cost Management.

Question 14

VMOST Analysis tool is developed by:

A)C K Prahlad
B)Rakesh Sondhi
C)Michael Porter
D)R S Cooper

Question 15

VMOST stands for-------

A)Value, Money, Organisation, Sales, Target
B)Vision, Mission, Objective, Strategy, Tactics
C)Value, Mission, Objective, Strategy, Tactics
D)Vision, Money, Objective, Strategy, Technology

Question 16

The overall strategy which is comprehensive in nature and provides the basis for strategic direction is known as----

A)Corporate strategy
B)Grand strategy
C)General strategy
D)All of these

Question 17

Which of the following is/are stability strategies?

A)No Change strategy
B)Caution Strategy
C)Profit Strategy
D)All of these

Question 18

'Diversification strategy' is used to gain market share in

A)current product in current market
B)new products for new markets
C)new products in new market
D)new products in current markets

Question 19

Défense strategies in which the leader stretches over new market territories using market diversification is classified as

A)mobile defence
B)static defence
C)stable defence
D)unstable defence

Question 20

Strategies such as diversification, penetration and market development are the part of

A)extensive growth
B)intensive growth
C)integrative growth
D)disintegrative growth