STRATEGIC MANAGEMENT QUIZ
-
Upload
jothi-ram -
Category
Leadership & Management
-
view
382 -
download
3
description
Transcript of STRATEGIC MANAGEMENT QUIZ
![Page 1: STRATEGIC MANAGEMENT QUIZ](https://reader033.fdocuments.us/reader033/viewer/2022061117/54684563af7959d9068b45b2/html5/thumbnails/1.jpg)
LOGO
Presented by, P. Logeshwaran MBA., R. JothiRam MBA.,
Sponsored by,Mrs.Lalitha Bhuvanashwari MBA., Asst prof JJCET.
STRATEGIC MANAGEMENT QUIZ
![Page 2: STRATEGIC MANAGEMENT QUIZ](https://reader033.fdocuments.us/reader033/viewer/2022061117/54684563af7959d9068b45b2/html5/thumbnails/2.jpg)
ROUND 1
GK
![Page 3: STRATEGIC MANAGEMENT QUIZ](https://reader033.fdocuments.us/reader033/viewer/2022061117/54684563af7959d9068b45b2/html5/thumbnails/3.jpg)
What can be defined as the art and science of formulating, implementing and evaluating cross-functional decisions that enable an organization to achieve its objectives?
Ans. Strategic management
![Page 4: STRATEGIC MANAGEMENT QUIZ](https://reader033.fdocuments.us/reader033/viewer/2022061117/54684563af7959d9068b45b2/html5/thumbnails/4.jpg)
Who is referred to as "the father of modern management?
A. Baybrooke and Lindblom
B. Bennett G – Stewart
C. C K Prahalad and Gary Hamel
D. Drucker
![Page 5: STRATEGIC MANAGEMENT QUIZ](https://reader033.fdocuments.us/reader033/viewer/2022061117/54684563af7959d9068b45b2/html5/thumbnails/5.jpg)
The mission statement answers which question?
A. What is our business? B. Why is our business? C. How is our business? D. what is our possition?
![Page 6: STRATEGIC MANAGEMENT QUIZ](https://reader033.fdocuments.us/reader033/viewer/2022061117/54684563af7959d9068b45b2/html5/thumbnails/6.jpg)
The three characteristics of a mission statement are a declaration of attitude, a declaration of social policy and:
A. HR PolicyB. customer orientationC. Social welfare policyD. Economic policy
![Page 7: STRATEGIC MANAGEMENT QUIZ](https://reader033.fdocuments.us/reader033/viewer/2022061117/54684563af7959d9068b45b2/html5/thumbnails/7.jpg)
Technological advancements can create new ______ advantages that are more powerful than existing advantages.
A. Cost advantageB. Profit advantageC. CompetitiveD. Differentiation
![Page 8: STRATEGIC MANAGEMENT QUIZ](https://reader033.fdocuments.us/reader033/viewer/2022061117/54684563af7959d9068b45b2/html5/thumbnails/8.jpg)
What is not one of Michael Porter's five competitive forces?
A. Bargaining power of customerB. Threat of substitutes C. Bargaining power of unionsD. Intensity of Rivalry among
established firms
![Page 9: STRATEGIC MANAGEMENT QUIZ](https://reader033.fdocuments.us/reader033/viewer/2022061117/54684563af7959d9068b45b2/html5/thumbnails/9.jpg)
According to Porter, what is usually the most powerful of the five competitive forces?
A. Risk of entry by potential competitors
B. Bargaining power of suppliers C. Bargaining power of buyers D. Intensity of Rivalry among
established firms E. Threat of substitutes
![Page 10: STRATEGIC MANAGEMENT QUIZ](https://reader033.fdocuments.us/reader033/viewer/2022061117/54684563af7959d9068b45b2/html5/thumbnails/10.jpg)
The "advance work" in the strategic management process is comprised of
A)strategy formulation.B)strategy implementation.C)strategic posturing.D)strategy analysis.
![Page 11: STRATEGIC MANAGEMENT QUIZ](https://reader033.fdocuments.us/reader033/viewer/2022061117/54684563af7959d9068b45b2/html5/thumbnails/11.jpg)
An independent group of suppliers, such as farmers, gather to form a cooperative in order to sell their products to buyers directly, replacing their previous distributor. This is an example of
A)forward integration.B)backward integration.C)threat of substitute products.D)threat of entry.
![Page 12: STRATEGIC MANAGEMENT QUIZ](https://reader033.fdocuments.us/reader033/viewer/2022061117/54684563af7959d9068b45b2/html5/thumbnails/12.jpg)
In the sketch of the BCG matrix, what is the label of the vertical axis?
Ans ; Industry growth rate
![Page 13: STRATEGIC MANAGEMENT QUIZ](https://reader033.fdocuments.us/reader033/viewer/2022061117/54684563af7959d9068b45b2/html5/thumbnails/13.jpg)
A. Value chain analysis
B. Supply chain analysis
C. Cost chain analysis
D. Product chain analysis
The process whereby a firm determines the costs associated with organizational activities from purchasing raw materials to manufacturing products to marketing those products is called?
![Page 14: STRATEGIC MANAGEMENT QUIZ](https://reader033.fdocuments.us/reader033/viewer/2022061117/54684563af7959d9068b45b2/html5/thumbnails/14.jpg)
Ans. Data; information
__________ become(s) __________ only when they are evaluated, filtered, condensed, analyzed and organized for a specific purpose, problem, individual, or time.
![Page 15: STRATEGIC MANAGEMENT QUIZ](https://reader033.fdocuments.us/reader033/viewer/2022061117/54684563af7959d9068b45b2/html5/thumbnails/15.jpg)
The overall aim of the Balanced Scorecard is to balance financial objectives with strategic objectives.
A. False
B. True
![Page 16: STRATEGIC MANAGEMENT QUIZ](https://reader033.fdocuments.us/reader033/viewer/2022061117/54684563af7959d9068b45b2/html5/thumbnails/16.jpg)
Burger King opening its first restaurant in Japan is an example of which type of strategy?
Market DevelopmentPromotion strategyDevelopment strategyDiversification strategy
![Page 17: STRATEGIC MANAGEMENT QUIZ](https://reader033.fdocuments.us/reader033/viewer/2022061117/54684563af7959d9068b45b2/html5/thumbnails/17.jpg)
Web sites to sell products directly to consumers are examples of which type of strategy?
A. Forward integration
B. Backward integration
C. No integration
![Page 18: STRATEGIC MANAGEMENT QUIZ](https://reader033.fdocuments.us/reader033/viewer/2022061117/54684563af7959d9068b45b2/html5/thumbnails/18.jpg)
Negative trends in external environmental factors?
Ans. threats
![Page 19: STRATEGIC MANAGEMENT QUIZ](https://reader033.fdocuments.us/reader033/viewer/2022061117/54684563af7959d9068b45b2/html5/thumbnails/19.jpg)
For what type of company is the BCG Matrix ideal for analyzing?
Ans. Companies with more than one division
![Page 20: STRATEGIC MANAGEMENT QUIZ](https://reader033.fdocuments.us/reader033/viewer/2022061117/54684563af7959d9068b45b2/html5/thumbnails/20.jpg)
How would a division with a low relative market share position in a high growth industry be described?
Question Mark
![Page 21: STRATEGIC MANAGEMENT QUIZ](https://reader033.fdocuments.us/reader033/viewer/2022061117/54684563af7959d9068b45b2/html5/thumbnails/21.jpg)
In the BCG Matrix, which element represents the industry growth rate in sales, measured in percentage terms?
Y-Axis
![Page 22: STRATEGIC MANAGEMENT QUIZ](https://reader033.fdocuments.us/reader033/viewer/2022061117/54684563af7959d9068b45b2/html5/thumbnails/22.jpg)
The act of oversight and direction for an organization is referred to as
A. Corporate social responsibilityB. Corporate GovernanceC. Company top managementCompany Secretary
![Page 23: STRATEGIC MANAGEMENT QUIZ](https://reader033.fdocuments.us/reader033/viewer/2022061117/54684563af7959d9068b45b2/html5/thumbnails/23.jpg)
Which organizational structure is the most simple and inexpensive?
A. Functional structureB. Matrix structure
![Page 24: STRATEGIC MANAGEMENT QUIZ](https://reader033.fdocuments.us/reader033/viewer/2022061117/54684563af7959d9068b45b2/html5/thumbnails/24.jpg)
What type of organizational structure do most small businesses follow?
Ans. Functional structure
![Page 25: STRATEGIC MANAGEMENT QUIZ](https://reader033.fdocuments.us/reader033/viewer/2022061117/54684563af7959d9068b45b2/html5/thumbnails/25.jpg)
Which of these involves comparing a firm against the best firms in the industry on a wide variety of performance-related criteria?
A. Competition baseB. AdaptationC. BenchmarkingD. Development strategy
![Page 26: STRATEGIC MANAGEMENT QUIZ](https://reader033.fdocuments.us/reader033/viewer/2022061117/54684563af7959d9068b45b2/html5/thumbnails/26.jpg)
Which two variables are of central importance to strategy implementation?
A. Market Targeting and product positioning
B. Market segmentation and Targeting
C. Market segmentation and product positioning
![Page 27: STRATEGIC MANAGEMENT QUIZ](https://reader033.fdocuments.us/reader033/viewer/2022061117/54684563af7959d9068b45b2/html5/thumbnails/27.jpg)
Strategy evaluation is based on
A. Qualitative criteria only
B. Qualitative and quantitative
criteria
C. quantitative criteria only
![Page 28: STRATEGIC MANAGEMENT QUIZ](https://reader033.fdocuments.us/reader033/viewer/2022061117/54684563af7959d9068b45b2/html5/thumbnails/28.jpg)
can enable firms to learn the technology, culture, and business practices of other people and to make contacts with potential customers, suppliers, creditors, and distributors in foreign countries.
A. Takeover B. Joint ventures C. Acquisition D. Merger
![Page 29: STRATEGIC MANAGEMENT QUIZ](https://reader033.fdocuments.us/reader033/viewer/2022061117/54684563af7959d9068b45b2/html5/thumbnails/29.jpg)
Communication between domestic headquarters and overseas operations is often made difficult by?
A. Geographic distance, B. Cultural differences, C. Variations in business practices, D. National differences E. All of the above
![Page 30: STRATEGIC MANAGEMENT QUIZ](https://reader033.fdocuments.us/reader033/viewer/2022061117/54684563af7959d9068b45b2/html5/thumbnails/30.jpg)
Market ______ is the process of identifying groups of customers with basically similar wants, needs, preferences or buying behaviors.
a) Developmentb) Positioningc) Segmentationd) Targeting
![Page 31: STRATEGIC MANAGEMENT QUIZ](https://reader033.fdocuments.us/reader033/viewer/2022061117/54684563af7959d9068b45b2/html5/thumbnails/31.jpg)
Economies of scale are derived from:
a) Achieving cheaper unit costs through making larger quantities
b) Using cheaper raw materialsc) Increasing the breadth of the
portfoliod) Increasing the number of markets
served
![Page 32: STRATEGIC MANAGEMENT QUIZ](https://reader033.fdocuments.us/reader033/viewer/2022061117/54684563af7959d9068b45b2/html5/thumbnails/32.jpg)
The _______ opportunities and threats that face a multinational corporation are almost limitless.
A. Social,B. Cultural,C. governmental, D. PoliticalE. All of the above
![Page 33: STRATEGIC MANAGEMENT QUIZ](https://reader033.fdocuments.us/reader033/viewer/2022061117/54684563af7959d9068b45b2/html5/thumbnails/33.jpg)
Diversification into many unrelated areas is an example of:
A. Risk managementB. Good managementC. Uncertainty reductionD. Sustainability
![Page 34: STRATEGIC MANAGEMENT QUIZ](https://reader033.fdocuments.us/reader033/viewer/2022061117/54684563af7959d9068b45b2/html5/thumbnails/34.jpg)
360% feedback involves appraisals by:
a) Line managersb) Subordinates'c) Superiors'd) Anyone who is directly in contact
with the appraisee.
![Page 35: STRATEGIC MANAGEMENT QUIZ](https://reader033.fdocuments.us/reader033/viewer/2022061117/54684563af7959d9068b45b2/html5/thumbnails/35.jpg)
What are the four types of resources that can be used to achieve desired objectives
A. financial, physical, human and technological.
B. financial, physical, Capital, technological.
C. Human, capital, R&D, technological, human
![Page 36: STRATEGIC MANAGEMENT QUIZ](https://reader033.fdocuments.us/reader033/viewer/2022061117/54684563af7959d9068b45b2/html5/thumbnails/36.jpg)
Value chain analysis is an effective tool for ________.
A. External analysisB. internal analysisC. Company analysisD. Product analysis
![Page 37: STRATEGIC MANAGEMENT QUIZ](https://reader033.fdocuments.us/reader033/viewer/2022061117/54684563af7959d9068b45b2/html5/thumbnails/37.jpg)
ROUND 2
MANAGEMENT GURU’S AND HIS Philosophy's
![Page 38: STRATEGIC MANAGEMENT QUIZ](https://reader033.fdocuments.us/reader033/viewer/2022061117/54684563af7959d9068b45b2/html5/thumbnails/38.jpg)
Core Competence, Bottom-of-the-pyramid?
A. C K Prahalad and Gary HamelB. Abraham MaslowC. Adrian J SlywotzkyD. Alfred DuPont Chandler
![Page 39: STRATEGIC MANAGEMENT QUIZ](https://reader033.fdocuments.us/reader033/viewer/2022061117/54684563af7959d9068b45b2/html5/thumbnails/39.jpg)
Strategy, Globalization
A. Kenichi OhmaeB. Kurt LewinC. Laurence PeterD. Major Edward A. Murphy, Jr.
![Page 40: STRATEGIC MANAGEMENT QUIZ](https://reader033.fdocuments.us/reader033/viewer/2022061117/54684563af7959d9068b45b2/html5/thumbnails/40.jpg)
Strategic Planning
A. Kaplan and NortonB. Kenichi Ohmae C. Henry Mintzberg D. Kurt Lewin
![Page 41: STRATEGIC MANAGEMENT QUIZ](https://reader033.fdocuments.us/reader033/viewer/2022061117/54684563af7959d9068b45b2/html5/thumbnails/41.jpg)
Balanced Score-Card
A. George YipB. Henri FayolC. Henry Mintzbergd. Kaplan and Norton
![Page 42: STRATEGIC MANAGEMENT QUIZ](https://reader033.fdocuments.us/reader033/viewer/2022061117/54684563af7959d9068b45b2/html5/thumbnails/42.jpg)
Five Forces Model, Value Chain
A. Kaplan and NortonB. Kenichi Ohmaec. Michael E PorterD. Kurt Lewin
![Page 43: STRATEGIC MANAGEMENT QUIZ](https://reader033.fdocuments.us/reader033/viewer/2022061117/54684563af7959d9068b45b2/html5/thumbnails/43.jpg)
McKinsey 7-S Framework
A. James TobinB. Pascale and AthosC. James UtterbackD. Jeffrey Pfeffer and Robert Sutton
![Page 44: STRATEGIC MANAGEMENT QUIZ](https://reader033.fdocuments.us/reader033/viewer/2022061117/54684563af7959d9068b45b2/html5/thumbnails/44.jpg)
Which Is not Hard compount Of McKinsey 7-S Framework
Strategy Structure Systems Skills
![Page 45: STRATEGIC MANAGEMENT QUIZ](https://reader033.fdocuments.us/reader033/viewer/2022061117/54684563af7959d9068b45b2/html5/thumbnails/45.jpg)
Blue Ocean Strategy
a. W Chan Kim and Renee MauborgneB. George YipC. Henri FayolD. Henry Mintzberg
![Page 46: STRATEGIC MANAGEMENT QUIZ](https://reader033.fdocuments.us/reader033/viewer/2022061117/54684563af7959d9068b45b2/html5/thumbnails/46.jpg)
Problems of organizational structure
A. Henri FayolB. Henry MintzbergC. Igor AnsoffD. James Brian Quinn
![Page 47: STRATEGIC MANAGEMENT QUIZ](https://reader033.fdocuments.us/reader033/viewer/2022061117/54684563af7959d9068b45b2/html5/thumbnails/47.jpg)
Corporate Strategic Planning, popularizing SWOT analysis?
A. James TobinB. James UtterbackC. Jeffrey Pfeffer and Robert SuttonD. Igor Ansoff
![Page 48: STRATEGIC MANAGEMENT QUIZ](https://reader033.fdocuments.us/reader033/viewer/2022061117/54684563af7959d9068b45b2/html5/thumbnails/48.jpg)
ROUND 3
ABBREVATION AND ACRONYMS
![Page 49: STRATEGIC MANAGEMENT QUIZ](https://reader033.fdocuments.us/reader033/viewer/2022061117/54684563af7959d9068b45b2/html5/thumbnails/49.jpg)
What is stand for ETOP
Ans. Environment Threat and Opportunity Profile
![Page 50: STRATEGIC MANAGEMENT QUIZ](https://reader033.fdocuments.us/reader033/viewer/2022061117/54684563af7959d9068b45b2/html5/thumbnails/50.jpg)
What is stand for SAP?
Ans. Strategic Advantage Profile.
![Page 51: STRATEGIC MANAGEMENT QUIZ](https://reader033.fdocuments.us/reader033/viewer/2022061117/54684563af7959d9068b45b2/html5/thumbnails/51.jpg)
Ans. Strategic Management Of Technology and Innovation
What SMOTI Means?
![Page 52: STRATEGIC MANAGEMENT QUIZ](https://reader033.fdocuments.us/reader033/viewer/2022061117/54684563af7959d9068b45b2/html5/thumbnails/52.jpg)
What is stand for OCP?
Ans. Organizational Capability Profile
![Page 53: STRATEGIC MANAGEMENT QUIZ](https://reader033.fdocuments.us/reader033/viewer/2022061117/54684563af7959d9068b45b2/html5/thumbnails/53.jpg)
What is SBU ?
Ans. Strategic Business Unit
![Page 54: STRATEGIC MANAGEMENT QUIZ](https://reader033.fdocuments.us/reader033/viewer/2022061117/54684563af7959d9068b45b2/html5/thumbnails/54.jpg)
What is stand for ILCA?
Ans. Industry life cycle Analysis
![Page 55: STRATEGIC MANAGEMENT QUIZ](https://reader033.fdocuments.us/reader033/viewer/2022061117/54684563af7959d9068b45b2/html5/thumbnails/55.jpg)