Strategic Manageability is the ability to shift from one dominant Strategy to another

Strategic Manageability is the ability to shift from one dominant Strategy
to another
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Ansoff's matrix is useful for what? A. Integrating a business's marketing strategy with general strategic direction B. Establishing an editorial calendar for staff to follow C. Understanding buyer personas and buyer behaviour D. Hiring new staff and training them on marketing tactics

Description : Ansoff's matrix is useful for what? A. Integrating a business's marketing strategy with general strategic direction B. Establishing an editorial calendar for staff to follow C. Understanding buyer personas and buyer behaviour D. Hiring new staff and training them on marketing tactics

Last Answer : Integrating a business's marketing strategy with general strategic direction

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.

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

Which of the following is NOT a major element of the strategic management process? A. Formulating strategy B. Implementing strategy C. Evaluating strategy D. Assigning administrative tasks

Description : Which of the following is NOT a major element of the strategic management process? A. Formulating strategy B. Implementing strategy C. Evaluating strategy D. Assigning administrative tasks

Last Answer : Assigning administrative tasks

The final stage in Strategic Management is Strategy implementation

Description : The final stage in Strategic Management is Strategy implementation

Last Answer : False

Strategy implementation is often considered to be the most difficult stage in the Strategic Management process because it requires personal discipline, commitment and sacrifice

Description : Strategy implementation is often considered to be the most difficult stage in the Strategic Management process because it requires personal discipline, commitment and sacrifice

Last Answer : True

Ansoff's matrix is useful for what? A. Integrating a business's marketing strategy with general strategic direction B. Establishing an editorial calendar for staff to follow C. Understanding buyer personas and buyer behaviour D. Hiring new staff and training them on marketing tactics

Description : Ansoff's matrix is useful for what? A. Integrating a business's marketing strategy with general strategic direction B. Establishing an editorial calendar for staff to follow C. Understanding buyer personas and buyer behaviour D. Hiring new staff and training them on marketing tactics

Last Answer : Integrating a business's marketing strategy with general strategic direction

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.

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

Which of the following is NOT a major element of the strategic management process? A. Formulating strategy B. Implementing strategy C. Evaluating strategy D. Assigning administrative tasks

Description : Which of the following is NOT a major element of the strategic management process? A. Formulating strategy B. Implementing strategy C. Evaluating strategy D. Assigning administrative tasks

Last Answer : Assigning administrative tasks

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

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

Strategy developed by visionary CEO is ____________ mode of strategic management a. Visionary b. planning c. CEO d. entrepreneurship

Description : Strategy developed by visionary CEO is ____________ mode of strategic management a. Visionary b. planning c. CEO d. entrepreneurship

Last Answer : entrepreneurship

Stability Strategy is a _______________ strategy a. Business level b. Corporate level c. strategic leveld. Functional

Description : Stability Strategy is a _______________ strategy a. Business level b. Corporate level c. strategic level d. Functional

Last Answer : Corporate level

In the Exploring Strategy Model, what Heading is used to cover Environment, Capability, Goals and Culture ? A. Strategic Planning B. Strategic Choices C. Strategy in Action D. Strategic Position

Description : In the Exploring Strategy Model, what Heading is used to cover Environment, Capability, Goals and Culture ? A. Strategic Planning B. Strategic Choices C. Strategy in Action D. Strategic Position

Last Answer : Strategic Position

Stability Strategy is a ------------- Strategy : A. Corporate level B. Business level C. Functional level D. Strategic level

Description : Stability Strategy is a ------------- Strategy : A. Corporate level B. Business level C. Functional level D. Strategic level

Last Answer : Corporate level

Strategy is developed by the visionary Chief Executive in------- mode of Str.Management : A. Planning mode B. Adaptive mode C. Strategic mode D. Entrepreneurial mode

Description : Strategy is developed by the visionary Chief Executive in------- mode of Str.Management : A. Planning mode B. Adaptive mode C. Strategic mode D. Entrepreneurial mode

Last Answer : Entrepreneurial mode

Stability Strategy is a ------------- Strategy : A. Corporate level B. Business level C. Functional level D. Strategic level

Description : Stability Strategy is a ------------- Strategy : A. Corporate level B. Business level C. Functional level D. Strategic level

Last Answer : Corporate level

Strategy is developed by the visionary Chief Executive in------- mode of Str.Management : A. Planning mode B. Adaptive mode C. Strategic mode D. Entrepreneurial mode

Description : Strategy is developed by the visionary Chief Executive in------- mode of Str.Management : A. Planning mode B. Adaptive mode C. Strategic mode D. Entrepreneurial mode

Last Answer : Entrepreneurial mode

The primary focus of Strategic Management is : A. Strategic Analysis B. The total Organization C. Strategy formulation D. Strategy implementation

Description : The primary focus of Strategic Management is : A. Strategic Analysis B. The total Organization C. Strategy formulation D. Strategy implementation

Last Answer : The total Organization

Which of the following is NOT a major element of Strategic Management process? A. Formulating Strategy B. Implementing Strategy C. Evaluating Strategy D. Assigning administrative Tasks

Description : Which of the following is NOT a major element of Strategic Management process? A. Formulating Strategy B. Implementing Strategy C. Evaluating Strategy D. Assigning administrative Tasks

Last Answer : Assigning administrative Tasks

Conceptual skills relate to a manager‟s ability to (a) Take a strategic view of how parts of the organization function (b) Solve detailed problems in groups (c) Correctly evaluate organizational problems (d) Understand and interact effectively with others in the organization

Description : Conceptual skills relate to a manager‟s ability to (a) Take a strategic view of how parts of the organization function (b) Solve detailed problems in groups (c) Correctly evaluate organizational problems (d) Understand and interact effectively with others in the organization

Last Answer : (a) Take a strategic view of how parts of the organization function

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

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

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 process by which one entity influences, to varying degrees, the behaviour and output of another entity through informal mechanisms. c) Control over the means and methods on which the whole conduct of an organization depends. d) Control over the production process within an organization, in the sense of determining how informal practices are performed.

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.

Another name for GE 9 cell model is a. Three colour matrix b. Stop light matrix c. Strategic Portfolio Matrix d. Colour light matrix

Description : Another name for GE 9 cell model is a. Three colour matrix b. Stop light matrix c. Strategic Portfolio Matrix d. Colour light matrix

Last Answer : Stop light matrix

Subsidiaires located in countries which are less crucial for success while holding low level of resources and capabilities are...? A. Dogs B. Implementers C. White Knights D. Strategic Leaders

Description : Subsidiaires located in countries which are less crucial for success while holding low level of resources and capabilities are...? A. Dogs B. Implementers C. White Knights D. Strategic Leaders

Last Answer : Implementers

Subsidiaires located in countries which are crucial for success while holding valuable resources and capabilities are...?A. Bright Stars B. Sunshine C. Strategic Leaders D. White Knights

Description : Subsidiaires located in countries which are crucial for success while holding valuable resources and capabilities are...? A. Bright Stars B. Sunshine C. Strategic Leaders D. White Knights

Last Answer : Strategic Leaders

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

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

For international companies, sources of competitive advantage can be drawn from the..............configuration of their........ network A. Technology, Security B. Strategic, Resource C. International, Value D. None of the above

Description : For international companies, sources of competitive advantage can be drawn from the..............configuration of their........ network A. Technology, Security B. Strategic, Resource C. International, Value D. None of the above

Last Answer : International, Value

_________________ happens when organizations lose pace with changes in the operating enviroment? A. Strategic Flaw B. Strategic Drift C. Strategic Blunder D. Strategic Disaster

Description : _________________ happens when organizations lose pace with changes in the operating enviroment? A. Strategic Flaw B. Strategic Drift C. Strategic Blunder D. Strategic Disaster

Last Answer : Strategic Drift

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

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.

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

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

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, convenience stores and corner shops. C. Helps with understanding the similarities and differences in bases of segmentation D. All of these options apply

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

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

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

Switching costs refer to the: A. Cost to a producer to exchange equipment in a facility when new technologies emerge. B. Cost of changing the firm’s strategic group. C. Costs suppliers incur when selling to a different customer. D. Costs customers incur when buying from a different supplier.

Description : Switching costs refer to the: A. Cost to a producer to exchange equipment in a facility when new technologies emerge. B. Cost of changing the firm’s strategic group. C. Costs suppliers incur when selling to a different customer. D. Costs customers incur when buying from a different supplier.

Last Answer : Costs customers incur when buying from a different supplier.

The following is NOT a benefit of Strategic ManagementA. Resistance to change is reducedB. Reduces gaps/overlaps in activities among employees C. All of these options are correctD. Formulates a clear defect reduction plan in the quality department

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

The ideal strategic management team DOES NOT includes…. A. Chief executive officer (CEO) B. Product managers C. Heads of functional areas D. Shop-floor managers

Description : The ideal strategic management team DOES NOT includes…. A. Chief executive officer (CEO) B. Product managers C. Heads of functional areas D. Shop-floor managers

Last Answer : Shop-floor managers

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 firm’s resources C. Strategic issues require considering only the firm’s external environment D. None of these options

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

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

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

Strategic decisions are …… A. Medium-scale B. Operational & Tactical C. Company’s “production plan” D. None of these options

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

The Strategic Management process should be addressed only by top-level Executives. Mid-level and Low-level Employees are best equipped to implement Co’s Strategies

Description : The Strategic Management process should be addressed only by top-level Executives. Mid-level and Low-level Employees are best equipped to implement Co’s Strategies

Last Answer : False

Strategic Management recognizes the trade-offs between effectiveness & efficiency

Description : Strategic Management recognizes the trade-offs between effectiveness & efficiency

Last Answer : True

For the Strategic Planning process to be effective, Organizations must continually strengthen the “good ethics is good business” policy

Description : For the Strategic Planning process to be effective, Organizations must continually strengthen the “good ethics is good business” policy

Last Answer : True

Effective Strategic Management is ritualistic, predictable and formal

Description : Effective Strategic Management is ritualistic, predictable and formal

Last Answer : False

Application of the Strategic Management process is typically more formal in larger and well established Organizations

Description : Application of the Strategic Management process is typically more formal in larger and well established Organizations

Last Answer : True

Identifying an Organization’s existing Vision, Mission, Objectives and Strategies is the final step for the Strategic Management Process

Description : Identifying an Organization’s existing Vision, Mission, Objectives and Strategies is the final step for the Strategic Management Process

Last Answer : False

The Middle Manager is the most visible and critical Strategic Manager

Description : The Middle Manager is the most visible and critical Strategic Manager

Last Answer : False

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

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

An objective, logical, systematic approach for making major decisions in an Organization is a way to describe the Strategic Management process

Description : An objective, logical, systematic approach for making major decisions in an Organization is a way to describe the Strategic Management process

Last Answer : True

The terms Strategic Management and Strategic Planning are synonymous with each other

Description : The terms Strategic Management and Strategic Planning are synonymous with each other

Last Answer : True

Strategic Management focusses on integrating functions such as Marketing, Finance / Accounting, Production / Operations, R & D and Info.Systems to achieve Orgnl. success

Description : Strategic Management focusses on integrating functions such as Marketing, Finance / Accounting, Production / Operations, R & D and Info.Systems to achieve Orgnl. success

Last Answer : True

Strategic Factors are those External and Internal Elements that would determine the future of the Corporation

Description : Strategic Factors are those External and Internal Elements that would determine the future of the Corporation

Last Answer : True

One benefit of Strategic Management is a sharper focus on what is strategically important

Description : One benefit of Strategic Management is a sharper focus on what is strategically important

Last Answer : True