DMC COLLEGE FOUNDATION

Sta. Filomena, Dipolog City

2nd Semester 2016 - 2017

SCHOOL OF BUSINESS AND ACCOUNTANCY

HIGHER EDUCATION DEPARTMENT Business Policy and Strategy

MIDTERM EXAMINATION (Special Class) Earl Russell S. Paulican

NAME: ___________________________________________ SCORE: _______________________

COURSE/YEAR: ______________________________ DATE : _____________________

Commit to the Lord whatever you do, and your plans will succeed
Proverbs 16:3

Test I. IDENTIFICATION. FILL IN THE BLANKS WITH THE CORRECT ANSWERS. (2 Points Each)
1. Concerns the even narrower strategic initiatives and approaches for managing key
operating units (plans, sales districts, distribution centers) and for handling daily
operating tasks with strategic significance (advertising campaigns, materials purchasing,
inventory control, maintenance, shipping).
2. The managerial game plan for a particular functional activity, business process, or key
department within a business.
3. Managerial game for a single business. It is mirrored in the pattern of approaches and
moves crafted by management to produce successful performance is one specific line of
business.
4. The overall managerial game plan for a diversified company; it extends companywide
- an umbrella over all a diversified company's businesses..
5. The end result of activities. It includes the actual outcomes of the strategic management
process.
6. A system of sequential steps or techniques that describe in detail how a particular task or
job is to be done.
7. A statement of a corporation's programs in terms of peso or plans in monetary terms.
8. A statement of the activities or steps needed to accomplish a single plan.
9. The process by which strategies and policies are put into action through the development
of programs, budgets and procedures.
10. The development of long-range plans for the effective management of environmental
opportunities and threats, in light of corporate strengths and weaknesses.
11. Consists of variables (Strengths and Weaknesses) that are within the organization itself and
are not usually within the short-run control of top management.
12. Consists of variables that are outside the organization and not typically within the
short-run control of top management.
13. The simplest way to conduct environmental scanning.
14. The monitoring, evaluating, and disseminating of information from the external and
internal environments to key people within the corporation. Its purpose is to identify
strategic factors -those external and internal elements that will determine the future
of the corporation.
15. Defined as a set of systems and processes which ensure that a company is managed to
the best interests of all the stakeholders..
16. The mode of thought and the principles underlying the activities of an organization or an
institution.

Test II. Enumeration. Enumerate and briefly define/discuss each (2 points each)

i. The Strategic choice Process

1.

2.

3.

4.

Prepared by: Earl Russell S. Paulican , REB GOD Bless

 ii. Distinctions between Goals and Objectives.
1.

2.

3.

4.

5.

iii. The seven-steps in Formulating a strategic Vision

1.

2.

3.

4.

5.

6.

7.

III. Essay ( 10 points)

Discuss in your words the importance of vision and strategies in a firms success.

-Success is a Choice, not a Destiny-

_keep on dreaming_
Prepared by: Earl Russell S. Paulican , REB GOD Bless