Course Content
Internal Strategy Analysis
Internal Strategy Analysis – Resource-Based Approach, Value Chain Analysis
0/4
Business Portfolio Analysis
Business Portfolio Analysis - BCG, GE Business Model, Ansoff’s Product Market Growth Matrix
0/4
Unit VI: Strategic Management

Report a question

You cannot submit an empty report. Please add some details.

Rapid Fire : Strategic Management

 

Unit VI : Strategic Management

1. 10 Minute Timer

2. Quiz Ends on wrong Answer

3. Answer as many as you can

 

 

Rapid Fire Quiz Changes Weekly

🏆 Claim Your Spot on the Leaderboard! by filling in the details

OR

🚀 Jump right in!

Which of the following terms are associated with the VRIO framework of Internal Analysis?

A. Valuable
B. Rare
C. Intimitable
D. Organised for usage
E. Innovative

Choose the correct answer from the options given below:

Which of the following is a post-offer takeover defense mechanism in which target company buys back shares at a significant premium?

Which of the following is the correct explanation of resource-based approach?

Strategic analysis is concerned with evaluating the organization in terms of which of the following.

The stages of a turnaround process are

Which of the following are the sources of ethical problems in organizations?
a. Failure of personal character.
b. Organizational goals Vs. Social values.
c. Psychological egoism and rationalism.
d. Virtue and common good conflict.
e. Conflict of personal values and organizational goals.

Choose the most appropriate answer from the options given below:

‘Strategic Drift’ occurs when:

The reasons why firms enter into strategic alliances are:

(1) Enter new markets
(2) Abide by government regulations
(3) Reduce manufacturing costs
(4) Developing and diffusing technology

Choose the correct answer from the options given below:

Arrange the steps of ethical decision making.

A. Make and implement decision
B. Identify all stakeholders
C. Get all the facts
D. Apply an ethical framework
E. Identify the issue

Choose the correct answer from the options given below:

Who has proposed the 'Balanced Score Card' as a tool for financial excellence in organisation?

An approach to corporate strategy in which top management views its product lines and business units as a series of investments from which it expects a profitable return is called:

Which of the following statements are applicable to McKinsey's 7S framework?

a. A priori, it is obvious which of the seven factors will be the driving force in changing a particular organisation at a particular point of time.
b. Effective organisational change is the relationship between seven factors of the framework.
c. Change in any one element affects change in other elements for effective organisational change.
d. Framework can be used for facilitating organisational change.
e. Strategy, Structure, Systems and Style are 'Hard S' of the Model while Staff, Skill and Shared values are the 'Soft S' of the framework.

Choose the correct answer from the options given below:

A copier machine company provides better after sales service to its existing customer to improve its (company) and product image and increase sales of accessories and consumables. Above given statement is an example of:

According to Mintzberg’s model of strategic decision making, its modes are:

"A company in the sewing machine business diversifies into kitchenware and household appliances and sells these items through a chain of retail stores to family consumers." This is an example of:

Which of the following are the modes of strategic decision making according to Mintzberg?

A. Entrepreneurial Mode
B. Adaptive Mode
C. Planning Mode
D. Logical Incrementalisation Mode

Choose the correct answer from the options given below:

Which of the following criteria core competencies must meet in order to create value and provide a viable basis for synergy among the businesses in a corporation?

a. Core competencies must be difficult for competitors to imitate.
b. Different businesses in the corporation must be similar in at least one important way.
c. Core competence must enhance competitive advantage by creating superior customer value.
d. Core competencies must facilitate business diversification through shared activities with competing firms.
e. Core-competencies must leverage business resources with competing firm to reduce business costs.

Choose the most appropriate answer from the options given below:

Following are two statements with regard to product life cycle (PLC):

Statement I: Product sales pass through distinct stages of PLC, each posing different challenges, opportunities and problems to the seller.
Statement II: A company's positioning and differentiation strategy must change as its product, market and competitors change over the product life cycle.

Which of the following options is correct?

Given below are two statements labelled as Assertion A and Reason R. Read the statements and answer the question that follows:

Assertion A: Plant location is often oriented toward dominant factors such as raw material sources while warehouse location is definitely distributed oriented.
Reason R: Plant location decision is driven by the competition and competitors while the warehouse location decision is exclusively driven by cost considerations.

Which of the following is correct?

On which of following principles is Andrew Carnegie’s view on Corporate Social Responsibility, as reflected in his books, “The Gospel of Wealth” based?

Which of the following is part of corporate level strategies?

A. Concentration strategies
B. Retrenchment strategies
C. Simultaneous and sequential
D. Stakeholder analysis map
E. Stability strategies

Choose the correct answer from the options given below:

‘Collusion’ is one of the cooperative strategies in business combination that

(a) may be explicit
(b) may be tacit
(c) may reduce technological risk
(d) may be illegal in many countries

Which of the following option is correct?

Which of the following is a pre-offer takeover defence employed by target companies in hostile takeovers?

In the case of an Executive Chairman, what is the minimum percentage of Independent Directors required on the Board?

Statement I: All ideas are opportunities.
Statement II: An opportunity is an idea that has the qualities of being attractive, durable, and timely.

Which of the following options is correct?

Arrange the following stages/elements of technology management in proper sequence starting from first to last:

A. Technology Adaptation
B. Technology Abandonment
C. Technology Advancement
D. Technology Acquisition
E. Technology Awareness

Choose the correct answer from the options given below:

Re-engineering, a radical redesign of business processes, is an essential and integral to which of the following strategies?

Out of the following alternatives, which one is a tool for allocating resources, linking business growth rate with relative competitive position of the firm.

Which of the following strategies are types of combination strategies?

(A) No change strategies
(B) Pause/Proceed with caution strategies
(C) Turn around strategies
(D) Profit strategies
(E) Concentration strategies

Choose the correct answer from the options given below:

Arrange the stages of evolution of Benchmarking from First Generation to Fifth Generation in proper order.

A. Reverse Engineering
B. Strategic Benchmarking
C. Process Benchmarking
D. Global Benchmarking
E. Competitive Benchmarking

Choose the correct answer from the options given below:

Arrange the following steps involved in the process of planning, as provided by Weihrich and Koontz, in proper sequence from earlier to later.

A. Setting objectives
B. Being aware or the opportunity
C. Identifying alternatives
D. Considering planning premises
E. Choosing an alternative

Choose the correct answer from the options given below:

The balanced scorecard developed by Kaplan and Norton contains four dimensions. Which one out of the following is one of the dimensions of the balanced scorecard?

Arrange the Project Life Cycle phase in proper sequence from starting to end.

A. Definition phase
B. Conception phase
C. Implementation phase
D. Planning and organising phase
E. Project clean-up phase

Choose the correct answer from the options given below:

Which of the following are considered interlocking elements of a versatile business model?

a. Regulatory support and promoter experience.
b. Customer value proposition.
c. Financial resources and cost sheets.
d. Key resources and processes.
e. Profit formula.

Choose the most appropriate answer from the options given below:

In Porter’s Generic Strategies Model, a focus strategy involves

Which of the following are the important principles of Re-engineering according to Michael Hammer?

(A) Develop value-added jobs to balance out job elimination.
(B) Take specific actions to make the program operational.
(C) Subsume information processing work into the real work that produces the information.
(D) Develop an action plan of activities needed to achieve the objectives.
(E) Treat geographically dispersed resources as though they were centralized.

Choose the correct answer from the options given below:

Arrange the steps in strategic planning in proper sequence.

A. Define Mission and set objectives
B. Define strategic issues
C. Analyse existing strategies
D. Develop new or revised strategies and determine critical success factors
E. Prepare and implement plans

Choose the correct answer from the options given below:

Who has propounded the ‘Diamond of National Competitive Advantages’ model of corporate level strategies?

Who has developed the Political, Economic, Social and Technological (PEST) Analysis?

"Corporate governance is to conduct the business in accordance with the owner's (shareholders) desires" is conceptualized by:

String of activities that moves a product from the raw material stage through manufacturing and distribution, and ultimately to the end user is called:

To gain sustainable competitive advantage in low-cost manufacturing, Indian businesses are expected to:

(1) Reduce production cost, sacrifice profits and advertise more
(2) Support MSMEs, to strengthen the supply chain
(3) Adopt product differentiation and focus more on innovations
(4) Bridge trust deficit and gain support from the public, workers and policy markers

Choose the correct answer from the options given below:

Identify the key aspects of Business Process Engineering from the following:

A. Radical Redesign
B. Operational Redesign
C. Fundamental Rethinking
D. Dramatic Results
E. Operational Transformation

Choose the correct answer from the options given below:

Under the Sick Industrial Companies (Special Provision) Act, 1985. A Sick Industrial Company means

The basic control process involves:

A. Establishment of standard
B. Feedback
C. Correction of deviation
D. Feed forward
E. Correction of Strategy

Choose the correct answer from the options given below:

Which of the following outcomes will promote sustainable capitalism?

a. Job creation, wealth generation and equitable income distribution
b. Do good and make profit (Shubh Labh)
c. Digital transformation and increased corporate profiteering
d. Ethical wealth creation and resource allocation
e. Emergence of monolithic and oligopolistic corporate entities

Choose the correct answer from the options given below:

In the VRIO Framework a resource leads to sustained competitive advantage only if is:

Given below are two statements – one is labelled as Assertion A and the other is labelled as Reason R. Read the statements and answer the question that follows

Assertion A: The basic thrust of strategic decision making in the process of strategic management is to make a choice regarding the courses of action to adopt which is primary task of the senior management.

Reasons R: This is so because the basic concern in strategic management is to seek answers to questions. What is our business? What will it be? And what should it be?

In the light of the above stated two statements, choose the correct option from the choices given below:

Concept of 'fit' is central to which of the following schools of thought on strategy formulation?

Given below are two statements, one is labelled as Assertion A and the other is labelled as Reason R

Assertion A: Acquiring firms often are willing to pay a price higher than the status quo value of assets for the right to control management of target firms.
Reason R: The value of control stems from the changes that can be made to improve performance by debottlenecking capacity, streamlining and strengthening operations, managerial systems and processes.

In light of the above statements, choose the correct answer from the options given below:

A portion of a market that is so well suited to a firm's internal and external environment that other firms are not likely to challenge and dislodge it, is called:

A firm's competitive advantage over its competitor is best described by the

Which one of the following is not the view of ethics among the following views?

The following statements relate to marketing

Statement I: "For any business enterprise there are two and only two basic functions: marketing and innovation. These two produce results; all the rest are costs."

Statement II: "The product concept of marketing holds that business can be managed by maximization of production and the resultant lower unit cost and low price."

Which of the following options is correct?

Out of the following, the examples of radical innovations are:

1. Personal Computers
2. Frozen Yogurt
3. Disposable diapers
4. Overnight mail delivery
5. Microwave popcorn

Choose the correct answer from the options given below:

Mergers and acquisitions are examples of which strategy of Ansoff (2x2) matrix?

When managers commit errors of over optimism in evaluating merger opportunities due to excessive pride or animal spirit is termed as

Which of the following approaches was added by Quinn to the Mintzberg's modes of strategic decision making?

The term 'The War for Talent' was coined by:

Why do companies pursue a retrenchment strategy?

a. Better opportunities in the environment are perceived elsewhere.
b. Its main strategic decisions focus on the conscious use of reversal grand strategies.
c. The environment is seen so threatening that internal strengths are insufficient to meet the challenge.
d. It's easier and comfortable to pursue retrenchment strategy.
e. The firm is not doing well or perceives itself as doing poorly.

Choose the correct answer from the options given below:

Gains to corporate restructuring originates and derived from

(a) Resource re-allocation
(b) Market power
(c) Macro conditioning
(d) Operating synergy

Which option is correct?

At the business level, organizations need to position their business as being Low-cost leaders or Differentiated. The position when cost leadership is high in terms of lower prices/lower costs and scope of market is low, is called:

Arrange the Hambrick and Fredrickson model of strategic management in proper sequence from beginning to end.

A. Vision and mission
B. Goals and objectives
C. Internal and external strategic analysis
D. Implementation Levers and strategic leadership
E. Strategy arenas vehicles differentiators staging economic logic

Choose the correct answer from the options given below:

According to the BCG matrix, for which one of the following positions of SBU the firm should decide to curtail losses by divesting?

A critical analysis and assessment of strength and weakness, opportunities and threats in relation to internal and external environmental factors affecting an entity' is called:

Which of the following is NOT the characteristic of “Hyper Competition”?

Disruptive Innovations in business are those that

The major strategies and policies, for a business enterprise, that give an overall direction to operations are likely to be in which of the following areas?

A. Growth
B. Finance
C. Needs
D. Personnel
E. Marketing

Choose the correct answer from the options given below:

The underlying principles of the Combined Code of Corporate Governance and Conduct are

(a) Acceptability
(b) Openness
(c) Integrity
(d) Accountability and Responsibility

Choose the correct answer from the options given below:

Arrange the steps of PEST analysis in proper sequence.

A. Understand a category’s relevant trends.
B. Distill lively issues from the identified trends.
C. Understand trends interdependencies.
D. Forecast the direction of issues.
E. Derive implications for the organisation.

Choose the correct answer from the options given below:

Identify the correct sequence of steps involved in decision making for change of technology:

a. Conducting initial comparisons of alternative technologies.
b. Evaluating the state of present technology.
c. Listing down the probable post implementation issues.
d. Financial feasibility analysis of proposed technology.
e. Identifying the learning requirements.

Choose the correct answer from the options given below:

Which of the following has increased the importance of strategic planning due to the liberalization of the economy?

As per Henry Mintzberg, which of the following is NOT a part of his conception of types of strategies?

Choose the correct set of options in defining the process of ‘Six Sigma’ in strategy implementation

a. Define
b. Measure
c. Establish
d. Improve
e. Analyse

Choose the correct answer from the options given below:

The Parenting Fit Matrix related to Strategy Formulation was proposed by -

Your score is