Strategic Management Questions and Answers Part-1

1. the sketch of the BCG matrix, what is the label of the vertical axis?
a) Market growth rate
b) Business strength
c) Market share
d) Industry growth rate

Answer: d

2. What is the purpose of an activity map?
a) A system to facilitate better time-planning
b) It is used in business process reengineering to show how the different activities of an organisation are linked together
c) It is used to identify and understand strategic capability by mapping how the different activities of an organisation are linked together
d) A list of activities undertaken by an organisation

Answer: c

3. Industry/sector benchmarking compares:
a) Organisational performance between firms/public sector organisations in different industries or sectors
b) Organisational performance between firms/public sector organisations in the same industry or sector
c) Organisational performance between firms/public sector organisations in different countries
d) Organisational performance between different divisions of the firm

Answer: b

4. Which of the following statements is not true reg corporate strategies?
a) They are concerned with the broad and more long-term issues of the organization
b) They are concerned with how the organization is going to compete in a specific business or industry
c) are concerned with the direction the organization is headed
d) They are concerned with the business(es) that the organization is in and the businesses they want to be in

Answer: b

5. Abdullah group of industries is involved in the sale of its marginal business. It is most likely to say that Abdullah group is implementing which one of the following strategies?
a) Retrenchment
b) Liquidation
c) Acquisition
d) Join venture

Answer: a

6. What is the starting point of strategic intent?
a) Objectives
b) Goals
c) Mission
d) Vision

Answer: d

7. Corporate level strategy deals with:
a) objectives of specific functions
b) objective of Single strategic Business Unit
c) objectives of the corporate
d) objectives of specific operations

Answer: c

8. From the following activity which does not comes under the primary activities of value Chain analysis:
a) Operations
b) Technology development
c) Marketing and sales
d) Services

Answer: b

9. Which of the following can be identified as a best statement that represents a firms big picture statements, describing a desired end state, general in scope and not restrictive?
a) Corporate philosophy statement
b) Company creed
c) Vision statement
d) Mission statement

Answer: c

10. One of the top level manager of a large manufacturing plant uses to spend her day trying to ensure that the material waste is not more than 10% , she spends her day performing the management process of:
a) Planning
b) Organizing
c) Leading
d) Controlling

Answer: d