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STRATEGIC MANAGEMENT 2ND SEM -1- SM assgn : Deepak Multiple Choice Multiple Answer Question Attack strategies are Correct Answer encirclement attack , frontal attack , flank attack Multiple Choice Multiple Answer Question Factors to be considered while deciding candidates for divestiture are Correct Answer Taxes, availability of buyers, market reaction Select The Blank Question Titan going into setting their won retail outlets- this is ________ integration. Correct Answer vertical ( forward ) Multiple Choice Single Answer Question Vertical integration is concerned with Correct Answer Supply chain True/False Question Companies have strengths in a number of areas but their key strength are few in number Correct Answer True True/False Question All policies are 'statements' Correct Answer False Match The Following Question Correct Answer Your Answer Ballast business Fit well but low opportunities Fit well but low opportunities Gap analysis Difference between desired and projected performance Difference between desired and projected performance Corporate parenting Managing SBU's by a corporate Misfit with understanding of critical success factors Heartland business Give the highest priority Give the highest priority Multiple Choice Single Answer Question This strategic posture invests sufficiently to stay in the race but avoids pre-mature commitments Correct Answer Reserve the right to play Multiple Choice Single Answer Question It is the most important feature in the implementation of strategic management Correct Answer Leadership True/False Question The super structure indicates ways in which company's tasks are integrated or coordinated Correct Answer True Multiple Choice Single Answer Question The tool used for decision making in 'A range of futures' scenario is Correct Answer Technology forecasting True/False Question Counterfeiter copy but with a difference that can be seen. Correct Answer False Multiple Choice Single Answer Question It concentrates on organization design and work flow Correct Answer Flotilla True/False -1- STRATEGIC MANAGEMENT 2ND SEM -2- Question Change in company's strategy gives rise to problems necessitating a new structure to be made Correct Answer True Select The Blank Question Value chain analysis is an effective tool for ________. Correct Answer internal analysis Multiple Choice Single Answer Question Empower people through great software anytime , any place, on any device'- Microsoft Correct Answer vision Select The Blank Question Economics of scale requires ________. Correct Answer high market share 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 Multiple Choice Multiple Answer Question Performance is affected by Correct Answer Inappropriate structure , Wrong motivational styles , Distorted resource allocation Multiple Choice Single Answer Question Strategic management is mainly the responsibility of Correct Answer Top Management 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 Multiple Choice Multiple Answer Question Different kinds of information systems are Correct Answer Operational level system , Knowledge level system , Management level system Select The Blank Question ________ is seen as an integral process that converts materials into goods Correct Answer Systems 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 Multiple Choice Single Answer Question The traditional approach towards uncertainty is Correct Answer Binary True/False Question Macro environment has got immediate impact on business. Correct Answer False Select The Blank Question ________ and greater accountability replace formal control. Correct Answer Self-discipline Select The Blank Question A hardware manufacture enters into software is an example of ________integration. Correct Answer vertical ( forward ) Multiple Choice Single Answer -2- STRATEGIC MANAGEMENT 2ND SEM -3Question The decisions which are relate to daily decisions like leave records etc. which are mundane in nature & highly routines & can be done at a junior level are Correct Answer operational decisions 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 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 Select The Blank Question Brush your teeth twice a day is an example of expanding the total market by________. Correct Answer more usage 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. Multiple Choice Single Answer Question Mass media includes Correct Answer radio, TV, internet etc. Select The Blank Question ________cost accounting measures the cost of producing and ignores the cost of nonproducing Correct Answer Traditional Multiple Choice Multiple Answer Question Measures to take corrective action Correct Answer Checking performance , Reformulate strategies , Standard check True/False Question Changes in company structure also necessitates changes in the systems in various degrees Correct Answer True Multiple Choice Multiple Answer Question Core ideology Correct Answer core values , core purpose Select The Blank Question Tata motors goal of reaching middle class two wheeler owners is a ________ category of goal. Correct Answer internal transformation Select The Blank Question Displacing competitor is ________ category of goal. Correct Answer common enemy Match The Following Question Correct Answer Your Answer Top level Executives Taking decisions regarding efficient Marketing goals and effective allocation of resources Executive summary Synopsis of marketing plan Synopsis of marketing plan Line Managers Responsibility Ensuring Implementation of marketing actions Ensuring Implementation of marketing actions Middle- level Managers Ensuring proper tactical changes Taking decisions regarding efficient and effective allocation of resources True/False -3- STRATEGIC MANAGEMENT 2ND SEM -4Question The key principle of moral management is "Can we make money with this action decision or behaviour"? Correct Answer False Multiple Choice Single Answer Question Associated external agencies means Correct Answer channel members, customers, suppliers etc. Multiple Choice Multiple Answer Question Program is a combination of Correct Answer goals , policies , procedures Select The Blank Question In a ________ a decentralized structure is achieved & harmonized at the plant & area levels. Correct Answer Delegation True/False Question Budgets are plans expressed in numerical terms usually in financial terms Correct Answer True 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 -4- STRATEGIC MANAGEMENT 2ND SEM -5- LIST OF ATTEMPTED QUESTIONS AND ANSWERS Multiple Choice Multiple Answer Question Macro environment Correct Answer Political- legal , socio-cultural , economic-demographic Select The Blank Question Correct Answer ________ identifies the impact of any change on performance Statistical quality control True/False Question Correct Answer Three C's affecting today's companies are customer, competition & change True True/False Question Correct Answer Getting new users is a position defense strategy. False Select The Blank Question Correct Answer Select The Blank Question Correct Answer True/False Question Correct Answer Module of Flotilla strikes an optimum balance of ________ and flexibility Standardization Formal systems are adopted to bring ________ & amalgamation of decentralized units into product groups. Co-ordination Scheduling is a part of strategic management. False Multiple Choice Multiple Answer Question Critical resources in the emerging information age are Correct Answer Information , Expertise , Intelligence Multiple Choice Single Answer Question Mass media includes Correct Answer radio, TV, internet etc. Match The Following Question Correct Answer Your Answer Sources of funds Factor leading to financial capability Product, Price, Place, Process The retrieval and usage of information Factor leading to Information Management Capability Factor leading to Personnel Capability The Personnel System Factor leading to Personnel Capability Product, Price, Place, Promotion 4 Ps are Product, Price, Place, Promotion Value chain analysis Multiple Choice Multiple Answer Question How does 'structure' reduce internal uncertainity arising out of human behaviour Correct Answer Control mechanism , Departmentalisation Match The Following Question Policies Correct Answer Your Answer General statements and Combination of goals, policies, rules understanding which, guide thinking -5- STRATEGIC MANAGEMENT 2ND SEM -6in decision-making Procedures Are plans and a guide to action Rules Spell out specific action or non-action Are plans and a guide to action Programs Combination of goals, policies, rules Select The Blank Question Correct Answer General statements and understanding which, guide thinking in decision-making Is a statement of expected resultsin numbers The benefits of a change in process are defined in terms of ________ cost savings Labour Multiple Choice Single Answer Question The strategies which deal with the relative and restricted function for allocation of resources is Correct Answer Funcational streategies Multiple Choice Multiple Answer Question Niche marketing means Correct Answer end user specialist , specific customer specialist , geographic specialist Multiple Choice Single Answer Question Corporate strategy ensures Correct Answer fit between the firm and its environment True/False Question Correct Answer Undec the social goals the responsibilities with regard to employees includes prociding maximum possible satisfaction to consumer providing quality goods & services at reasonable prices. False Multiple Choice Multiple Answer Question An unhealthy portfolio has Correct Answer More dogs , Few stars True/False Question Arranging training program on productivity is a strategic decision. Correct Answer False 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 Multiple Choice Single Answer Question Expansion strategy means Correct Answer growth Multiple Choice Multiple Answer Question These following factors determine the desire of risk Correct Answer Strategies , Resources Multiple Choice Single Answer Question Investment entry mode are Correct Answer joint venture/independent ventures/subsidiaries True/False Question The actual performance matches the budgeted performance. This is a realistic situation. Correct Answer False Select The Blank Question Modern Accounting uses ________ as a unit of measure -6- STRATEGIC MANAGEMENT 2ND SEM -7Correct Answer True/False Question Correct Answer True/False Question Correct Answer Time Divestiture is opposed to diversification. False The environment of any organization is "the aggregate of all conditions, events and influences that surround and affect it." True Multiple Choice Single Answer Question Secondary sources of information are Correct Answer newspapers, magazines, journals etc. 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 Select The Blank Question Value chain analysis is an effective tool for ________. Correct Answer internal analysis Select The Blank Question Correct Answer Companies employ trained ________ to develop "competency models" to identify potential leaders Psychologists Select The Blank Question Correct Answer Bajaj started manufacturing of sunny is an example of ________. concentration strategy True/False Question Correct Answer Environmental competitiveness tends to encourage ethical behaviour. False Multiple Choice Single Answer Question W in SWOT stands for Correct Answer inherent inadequacy of organization Multiple Choice Single Answer Question Knowledge of the relationships between choices, environment & outcomes is Correct Answer familiarity 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. Multiple Choice Single Answer Question It is the process of analyzing, dividing and arranging work or activities into manageable portion for individuals, sections & departments Correct Answer departmentation 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 Select The Blank Question ________ should have the ability to develop a visionto see patterns into the future. Correct Answer Leaders Select The Blank -7- STRATEGIC MANAGEMENT 2ND SEM -8Question Correct Answer The ________ are distinct little business set up as units in a larger company Strategic business Units Multiple Choice Single Answer Question These are moves that will pay off irrespective of what happens in the future Correct Answer No-regret moves True/False Question Correct Answer Numerator may bring short-term results, but there may be serious long-term sacrifices. False Multiple Choice Single Answer Question At this level , the effort is directed at assessing the consistency of strategy with the environment Correct Answer Strategic evaluation Multiple Choice Multiple Answer Question How does 'structure' reduce external uncertainity arising out of human behaviour Correct Answer Research and planning , Forecasting Select The Blank Question ________ is a deep understanding of ones emotions, strengths, weaknesses, needs, drives & their effects on self and others. Self-awareness Correct Answer Multiple Choice Multiple Answer Question market research is conducted by Correct Answer by consultants , by employees , by research agencies Select The Blank Question ________ is the drive to achieve beyond one's expectations Correct Answer Motivation Match The Following Question Correct Answer Your Answer Environmental Analysis Social, Political, legal & technology Matching, converting, minimizing & avoiding strategies Swot Analysis Matching, converting, minimizing & avoiding strategies Social, Political, legal & technology Marketing strategy Life cycle considerations Product formulated Marketing a product Mass segmentation Mass segmentation 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 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 Match The Following Question Correct Answer Your Answer Market follower are imitator imitator Market challenger are bypass attack diversification -8- STRATEGIC MANAGEMENT 2ND SEM -9Turnaround strategy V.R.S. bypass attack Maintain strategy stable environment stable environment Multiple Choice Multiple Answer Question The control process requires the following types of information Correct Answer Planned performance , Variances , Reasons Multiple Choice Multiple Answer Question The various models of social responsibility are Correct Answer Austere Model , Vendors Model , Civic Model Select The Blank Question ________ is the company's most critical and scarest resource. Correct Answer Capital True/False Question Correct Answer Scheduling is a part of strategic management. False Multiple Choice Multiple Answer Question Principles to manage strategic alliances are Correct Answer clarity in strategy & responsibilities , blending cultures , provide for an exit strategy True/False Question Correct Answer Staffing function applies to all company levels irrespective of levels of hierarchy True True/False Question Correct Answer Macro environment has got immediate impact on business. False Multiple Choice Multiple Answer Question Criteria for making an evaluation are Correct Answer Consistency with goals , Consistency with environment , Money True/False Question Correct Answer Micro environment is the internal environment of a company. False Multiple Choice Multiple Answer Question Limitations of Traditional cost accounting are Correct Answer Assumes factory as an isolated entity , It measures only the cost of producing Select The Blank Question GATT stands for ________. Correct Answer general agreement on trade & tariff Multiple Choice Single Answer Question Horizontal integration is concerned with Correct Answer product lines Select The Blank Question Like roots of a tree, ________of organization is hidden from direct view. Correct Answer core competence 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 Select The Blank Question Control should involve________ amount of information. -9- - 10 Correct Answer STRATEGIC MANAGEMENT 2ND SEM Minimum Multiple Choice Single Answer Question In SWOT , S stands for Correct Answer favorable condition in the organization's environment. Multiple Choice Multiple Answer Question Merger takes place Correct Answer between a buyer and a seller , to avail tax concessions , to increase growth rates Multiple Choice Multiple Answer Question The Hallmarks for self-regulation are Correct Answer Trust & fairness , Changed Management , Integrity & thoughtfulness Multiple Choice Single Answer Question An approach that strives to follow ethical principles and percepts is Correct Answer Moral management Multiple Choice Single Answer Question The tool used for decision making in ' The alternate futures ' scenario is Correct Answer Option Valuation model True/False Question Correct Answer Reciprocal responsibility means equal blames and credit. False True/False Question Correct Answer Excelling in one market guarantees success in a new. False Multiple Choice Single Answer Question It enables the strategists to take corrective action at the right time Correct Answer Premise control Multiple Choice Single Answer Question It is used extensively in organisation and is concerned with action or performance Correct Answer Operational control Select The Blank Question ________ models can be described as a system that describe how pieces of business fit together. Correct Answer Business 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 Select The Blank Question ETOP stands for ________. Correct Answer environmental threat & opportunity profile True/False Question Correct Answer Adapter duplicate the leader and claim to be similar or even the same. False Multiple Choice Single Answer Question The objective to maximize value of the enterprize by striking a mean between liquidity, risk and profitability is Correct Answer Receivables planning Multiple Choice Multiple Answer Question Three important managerial qualities required for the effective strategic management - 10 - - 11 Correct Answer STRATEGIC MANAGEMENT 2ND SEM Conceptual, human & intellectual skills , Decision making ability , Vision Multiple Choice Multiple Answer Question Harvest strategy is used for Correct Answer Dogs , Question marks Multiple Choice Single Answer Question It indicates the degree of differentiation Correct Answer Structure True/False Question Correct Answer Timing of measurement before hand serves the purpose of evaluation. False True/False Question Correct Answer According to Michael Porter, the core of efficiency management is strategy. True Select The Blank Question ________ is a modern plant consisting of modules centered around a stage in the production process Correct Answer Flotilla concept Multiple Choice Single Answer Question Strategic management is mainly the responsibility of Correct Answer Top Management Select The Blank Question Like roots of a tree, ________of organization is hidden from direct view. Correct Answer core competence Multiple Choice Single Answer Question Strategic management is concerned with Correct Answer long- range planning Multiple Choice Single Answer Question It refers to formal and informal rules, regulations and procedures that complements the company structure Correct Answer Systems True/False Question Correct Answer Arranging training program on productivity is a strategic decision. False - 11 -