Description : Strategic decisions are …… A. Medium-scale B. Operational & Tactical C. Company’s “production plan” D. None of these options
Last Answer : None of these options
Description : The three major types of forecasts used by business organizations are (a) strategic, tactical, and operational ; (b) economic, technological, and demand (c) exponential smoothing, Delphi, and regression ; (d) departmental, organizational, and territorial
Last Answer : (b) economic, technological, and demand
Description : Which of the following statem Which of the following statements does NOT apply to ents does NOT apply to a production plan? a production plan? a)Plans are consistent with company's strategic ... a bridge between the strategic and operational plans d)Provides a view of detailed work-force schedules
Last Answer : c)Serves as a bridge between the strategic and operational plans
Description : The type of planning that is equated with more specific data or detailed in nature is called: 1. Strategic 2. Operational 3. Short term 4. Tactical
Last Answer : 4. Tactical
Description : )Another name of strategic planning is: 1. Short term 2. Operational 3. Tactical 4. Top down
Last Answer : 4. Top down
Description : ………………………….. level supply information to strategic tier for the use of top management. A) Operational B) Environmental C) Competitive D) Tactical
Last Answer : D) Tactical
Description : Which of these statements are true, with respect to Dimensions of Strategic Decisions'? A. Strategic issues require middle-management decisions B. Strategic issues require large amounts of the ... . Strategic issues require considering only the firm's external environment D. None of these options
Last Answer : Strategic issues require large amounts of the firm’s resources
Description : Which of these statements are true, with respect to Dimensions of Strategic Decisions'? A. Strategic issues require middle-management decisions B. Strategic issues require large amounts of ... Strategic issues require considering only the firm's external environment D. None of these options
Description : The Strategic Management process is the way in which Strategists determine Objectives & -- A. Make document recording B. Make Coordinating C. Make Strategic Decisions D. Make Planning
Last Answer : Make Strategic Decisions
Description : The Strategic Management Process is ------------- : A. A set of activities that is guaranteed to prevent Organizational failure B. A process concerned with a Firm's Resources, ... D. A dynamic process involving the full set of commitments, decisions and actions related to the Company
Last Answer : A dynamic process involving the full set of commitments, decisions and actions related to the Company
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 : Strategic management can be defined as: a) a process of setting written long-term profit plans for the organization. b) a process of measuring performance of the organization. c) a process of operational planning. d) a process of setting long-term direction for the organization
Last Answer : a process of setting long-term direction for the organization
Description : A service firm's aggregate plan A service firm's aggregate plan links the firm's st links the firm's strategic goals and objectives wit rategic goals and objectives with detailed h detailed operational plans called: a)Production plan b)Staffing plan c)Work-force schedule d) None of the above
Last Answer : c)Work-force schedule
Description : The following is NOT a benefit of Strategic Management A. Resistance to change is reduced B. Reduces gaps/overlaps in activities among employees C. All of these options are correct D. Formulates a clear defect reduction plan in the quality department
Last Answer : Formulates a clear defect reduction plan in the quality department
Description : Strategic Management is an attempt to organize qualitative and quantitative information in a way that allows effective decisions to be made under conditions of uncertainty
Last Answer : True
Description : An objective, logical, systematic approach for making major decisions in an Organization is a way to describe the Strategic Management process
Description : Which of the following are typically seen as being associated with strategic decisions? Select one: a. HR and Technology strategies b. The detailed planning of a department's work over the ... The organization's long-term direction d. values and expectations of powerful actors in the organization
Last Answer : The organization’s long-term direction
Description : A strategic manager that seeks to reach acceptable profit targets as opposed to making as much profit as possible is making decisions of which type? a) Satisfactory b) Satisficing c) Irrational d) Optimal
Last Answer : Satisficing
Description : Which of the following is NOT an advantage of Strategic Management ? A. It provides organizations with a clearer sense of direction and purpose B. It helps improve the political, ... orientate Mgt. decisions to relevant environmental conditions D. It helps organizations be proactive than reactive
Last Answer : It helps improve the political, economic, social and technological environment of the Orgn
Description : This strategy is an expression of desired strategic direction deliberately formulated & planned in terms of resource allocation, control systems, organizational structure etc. A. Intended strategy B. Realized strategy C. Emergent strategy D. None of these options are valid.
Last Answer : Intended strategy
Description : Strategic Management focusses on integrating functions such as Marketing, Finance / Accounting, Production / Operations, R & D and Info.Systems to achieve Orgnl. success
Description : A Vision statement is in essence, a Company’s Game Plan
Last Answer : False
Description : This following is not a strategy for creating a sustainable competitive advantage; A. Operational efficiency B. Lock-In C. Leap-frog D. All of these are valid options
Last Answer : Leap-frog
Description : As per the VRIO framework, organizational resources must be…. A. Valuable, Rare, In-imitable and Organized. B. Variable, Reusable, Important and Organized. C. Volatile, Representative, Internal and Operational. D. None of these options is valid.
Last Answer : Valuable, Rare, In-imitable and Organized.
Description : As per the VRIO framework, organizational resources must be…. A. Valuable, Rare, In-imitable and Organized. B. Variable, Reusable, Important and Organized. C. Volatile, Representative, Internal and Operational. D. None of these options is valid
Last Answer : Valuable, Rare, In-imitable and Organized
Description : A strategic decision can be distinguished from other types of decisions by three factors, these are magnitude, time-scale and: A. Commitment B. Riskiness C. Impact D. Longevity
Last Answer : Riskiness
Description : Dynamic capabilities refer to: a) the firm's ability to integrate, build, and reconfigure internal and external competences to address rapidly changing environments. b) the link between ... underlie a company's multiple production lines and critically underpin the firm's competitive advantage
Last Answer : the firm's ability to integrate, build, and reconfigure internal and external competences to address rapidly changing environments.
Description : What form of information collection strengthens strategic and tactical positions by knowing what an adversary is doing or planning to do?
Last Answer : Intelligence
Description : Which one of the following best describes users? a. Providers of both strategic and tactical direction to the project. b. Those intended to receive benefits or operate outputs. c. Facilitators of an appropriate issue resolution procedure. d. Those providing full-time commitment to the project.
Last Answer : b. Those intended to receive benefits or operate outputs.
Description : Which one of the following best describes users? a. Providers of both strategic and tactical direction to the project. b. Those intended to receive benefits or operate outputs. c. ... of an appropriate issue resolution procedure. d. Those providing full-time commitment to the project.
Description : Outsourcing 2. Outsourcing is a decision decision with implications. implications. a. Unimportant b. Tactical Tactical c. Strategic d. Irrelevant
Last Answer : c. Strategic
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 : International strategic options can be derived, from a consideration of geographical dispersion or concentration of various activities and.... A. Degree of international co-ordination B. Degree of Political Stability C. Degree of Competitive Advantage D. None of the above
Last Answer : Degree of international co-ordination
Description : A strategic gap is an un-exploited competitive opportunity. The following is an examples of a Strategic Gap. A. Opportunities in substitute industries B. Opportunities for complementary products and services C. Opportunities over time D. All of these options are valid
Last Answer : All of these options are valid
Description : Which of these statements apply to Strategic Groups. A. Organizations within an industry following similar strategies or competing on similar bases. B. Examples, in grocery retailing are supermarkets ... the similarities and differences in bases of segmentation D. All of these options apply
Last Answer : All of these options apply
Description : A strategic gap is an un-exploited competitive opportunity. The following is an example of a Strategic Gap. A. Opportunities in substitute industries B. Opportunities for complementary products and services C. Opportunities over time D. All of these options are valid
Description : Which of these statements apply to Strategic Groups. A. Organizations within an industry following similar strategies or competing on similar bases. B. Examples, in grocery retailing are supermarkets, ... the similarities and differences in bases of segmentation D. All of these options apply.
Last Answer : All of these options apply.
Description : What is "strategic control"? a) Control over the production process within an organization, in the sense of determining how the employees of an organization perform their work. b) The ... production process within an organization, in the sense of determining how informal practices are performed.
Last Answer : Control over the means and methods on which the whole conduct of an organization depends.
Description : What does Strategy describe? A. The general direction in which an organization plans to move to attain its goals B. Framework for managerial decisions C. Leveraging strengths to gain competitive advantage D. All of these options
Last Answer : All of these options
Description : Which one is NOT an element of internal environment ? A. Marketing Capabilities B. Operational Capabilities C. Money & Capital Market D. Personal Capabilities
Last Answer : Money & Capital Market
Description : Strategic Management recognizes the trade-offs between effectiveness & efficiency
Description : The origins of Business Policy & Strategic Management can be retraced to a. 1930 b. 1911 c. 1879 d. 1938
Last Answer : 1911
Description : If unprepared, what strategic pressures are recognized as key factors that can weaken the Organization ? A. Competitive and Environmental pressure B. Control at the expense of flexibility C. Lack of Planners D. Competitive & Environmental pressures and excessive control
Last Answer : Competitive & Environmental pressures and excessive control
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