Description : To find out what an organization's strategy is, you should: a) Read the mission statement b) Look at what the organization actually does c) Read the strategic plan d) Ask the CEO
Last Answer : Look at what the organization actually does
Description : The long -term view, or vision, of what the organisation wants to become is called the A)mission statement. B)purpose statement. C)vision statement. D)marketing plan. E)strategic vision.
Last Answer : A)mission statement.
Description : This strategy is strategy that is actually being followed by an organisation. A. Intended strategy B. Realized strategy C. Emergent strategy D. None of these options are valid
Last Answer : Realized strategy
Description : The fundamental purpose for the existence of any organization is described by its A. policies B. mission C. procedures D. strategy
Last Answer : mission
Description : Developing a vision and mission, identifying an organization's external opportunities and threats, and determining internal strengths and weaknesses are all __________ activities. a. strategy-formulation b. strategy-implementation c. long-range planning d. short-range planning
Last Answer : strategy-formulation
Description : Developing a Vision and Mission, identifying an Organization’s external opportunities & threats and determining internal strengths & weaknesses are all -------------- activities : A. Strategy Formulation B. Strategy Implementation C. Long-range Planning D. Short-range Planning
Last Answer : Strategy Formulation
Description : A possible and desirable future state of an Organization is called --------------- : A. Mission B. Vision C. Strategy Implementation D. Strategy Formulation
Last Answer : Vision
Description : Strategy developed by visionary CEO is ____________ mode of strategic management a. Visionary b. planning c. CEO d. entrepreneurship
Last Answer : entrepreneurship
Description : Competitive view of strategy looks at_____________ ? A. Industry Analysis B. Competencies C. VRIO D. All the above
Last Answer : Industry Analysis
Description : The two steps of developing a marketing strategy include selecting and analysing a target market and: A)selecting a group of persons towards which the firm should direct its marketing efforts. B) ... D)developing a marketing mix that precisely meets the needs of individuals in the target market.
Last Answer : D)developing a marketing mix that precisely meets the needs of individuals in the target market.
Description : Strategic drift is…. A. When strategies progressively fail to address the environmental dynamics, and performance deteriorates. B. Mismatch between Vision Statement and Value Statement C. Mismatch between Vision Statement and Mission Statement D. Mismatch between Mission Statement and Resources
Last Answer : When strategies progressively fail to address the environmental dynamics, and performance deteriorates.
Description : This statement does not apply to the ‘Company Mission Statement’. A. Short B. Memorable C. Future Casting D. All of these options apply
Last Answer : Future Casting
Description : A Vision statement answers the Question: “What is our Business?” whereas a Mission statement answers: “What do we want to become?
Last Answer : False
Description : A clear Mission statement describes the Values and Priorities of an Organization
Last Answer : True
Description : This statement does not apply to the ‘Company Mission Statement’. A. Short B. Memorable C. Future Casting D. All of these options apply.
Description : What is the recommended length of an effective mission statement? a. One page b. Less than 200 words c. One sentence of 10 to 20 words. d. There is no recommendation. It can be as long as the management wants
Last Answer : There is no recommendation. It can be as long as the management wants
Description : The _________ answers the question "What do we want to become?" whereas _________answers the question "What is our business?" a. vision statement; mission statement b. short-term objectives; long-term objectives c. objectives; strategies d. mission; vision
Last Answer : vision statement; mission statement
Description : Strategic Mission ------------------ : A. Is a statement of a Firm's unique purpose & scope of Operations B. Is an internally focused affirmation of the Organizational, Societal and Ethical ... the Co. intends to compete D. Is developed by a Firm before the Firm develops it's Strategic Intent
Last Answer : Is a statement of a Firm’s unique purpose & scope of Operations
Description : The fundamental purpose of an Organization’s Mission statement is to : A. Create a good human relations climate in the Organization B. Define the Organization’s purpose in Society C. Define the operational structure of the Organization D. Generate good public relations for the Organization
Last Answer : Define the Organization’s purpose in Society
Description : Digital Marketing is ____________ 1. A way of direct marketing 2. A strategy of the DSAs 3. A way of indirect marketing 4. All of these 5. None of these
Last Answer : A way of direct marketing
Description : A direct current passing through a wire coiled around a soft iron core is the description of a simple ____________. A. magnetic shield B. electromagnet C. piezoelectric device D. electromagnetic domain
Last Answer : Answer: B
Description : Select the statement that best applies to Emergent Strategies. Emergent Strategy ----------- : A. Implies an ability to react to events B. Implies strategizing C. Implies no deviation from Plans D. Implies constant evaluation of the bigger picture
Last Answer : Implies an ability to react to events
Description : What advice would you give to a newly appointed chairperson of a voluntary organisation?
Last Answer : Delegatte, delegate, delegate.
Description : The expression “Bottom of the Pyramid” refers to: A. Those buildings in Egypt B. The lowest income earners of the global society C. The foundations of innovation D. The lowest tier of management in an organisation
Last Answer : The lowest income earners of the global society
Description : What term is used for an organisation capable of continual regeneration from a variety of knowledge and within a culture that encourages mutual questioning. A. Strategic organisation B. Learning organisation C. Pluralistic organisation D. Evolutionary organisation
Last Answer : Learning organisation
Description : What term is used for corporate development beyond current products and markets, but within the capabilities or the value network of the organisation? A. Backward integration B. Related diversification C. Vertical integration D. Divergent diversification
Last Answer : Related diversification
Description : What term is used for an organization capable of continual regeneration from a variety of knowledge and within a culture that encourages mutual questioning. A. Strategic organisation B. Learning organisation C. Pluralistic organisation D. Evolutionary organisation
Description : Which of the following is NOT a characteristic of Strategic Mgt that makes it different : A. It is interdisciplinary B. It has an external focus C. It has an internal focus D. It is concerned with the present direction of the Organisation
Last Answer : It is concerned with the present direction of the Organisation
Description : The ____________________ and ____________________ manage the supplier relations, monitor the vendor activities and manage the supplier quality in an organisation. A. Supplier management, ... processes C. Supplier management, control processes D. Supplier maintenance, customisation processes
Last Answer : C. Supplier management, control processes
Description : The _________ should plan well and execute perfectly the implementation of ERP. A. Organisation B. System developers C. Vendors D. Top Management
Last Answer : B. System developers
Description : As a manager moves to higher positions in an organisation the ability to make ______ becomes ______ important. (a) Non-programmed; more ; (b) Programmed; more ; (c) Non-programmed; less (d) Programmed; much more
Last Answer : (a) Non-programmed; more ;
Description : Legitimate power is based on the subordinate s perception that the leader has a right to exercise influence because of the leader s (a) role or position within the organisation (b) ability to ... perception of the leader as someone who is competent and who has some special knowledge or expertise.]
Last Answer : (a) role or position within the organisation
Description : Within an organisation, leadership influence will be dependent upon the type of ________ that the leader can exercise over the followers. (a) Power ; (b) friendship ; (c) knowledge ; (d) ... a social process which helps to explain how different people can influence the behaviour/actions of others.]
Last Answer : (a) Power ;
Description : Which of the following statements about leadership is false? (a) Leadership does not necessarily take place within a hierarchical structure of an organisation. (b) Not every leader is a manager. (c) ... operate as leaders their role is always clearly established and define(d) (d) All the above.
Last Answer : (c) When people operate as leaders their role is always clearly established and define(d)
Description : The __________ is sometimes considered to be the most important part of a marketing plan because it is often given to people outside the firm. A)SWOT analysis B)market analysis C)mission statement D)marketing strategy E)executive summary
Last Answer : E)executive summary
Description : Corporate strategy planners are concerned with many different issues as they attempt to match the organisation's __________ with the opportunities and risks in the environment. A)strengths B)mission statement C)strategic business units D)resources E)competitive advantages
Last Answer : D)resources
Description : What is NOT a ‘Critical Tasks of Strategic Management? A. Formulate the company’s mission B. Select a set of short-term objectives that will achieve the most desirable results C. Conduct an internal analysis D. Assess the external environment – competitive and general contexts
Last Answer : Select a set of short-term objectives that will achieve the most desirable results
Description : Identifying an Organization’s existing Vision, Mission, Objectives and Strategies is the final step for the Strategic Management Process
Description : The Mission of the Organization only identifies the scope of the Company’s Operations in terms of Products offered and Markets served
Description : The means by which long-term objectives will be achieved are a. mission statements b. strategies. c. vision statements. d. long-term goals
Last Answer : strategies
Description : An Organization’s general expression of it’s overall purpose is known as it’s: A. Objectives B. Vision C. Culture D. Mission
Last Answer : Mission
Description : The means by which long-term objectives achieved are --------------- : A. Mission statements B. Strategies C. Vision statements D. long-term goals
Last Answer : Strategies
Description : Strategic planning: (a) Addresses the organization's basic mission or business, issuing broad statements of purpose or direction that have a long lead time. (b) Involves managers in each unit of ... overall plans of the organization. (d) Determines the day-to-day operations within an organization.
Last Answer : (a) Addresses the organization's basic mission or business, issuing broad statements of purpose or direction that have a long lead time.
Description : If the electricity represented by the wave form in 'B' were applied to the left side of the illustrated circuit, the output on the right side would be ____________. EL-0064 A. direct current with the ... lower lead D. clipped to a value equal to the square root of 3 times the input voltage value
Last Answer : Answer: C