SM

It is the process of selecting people for company positions and developing skills and abilities for assignments in the
company Correct Answer Staffing Factors to be considered in political- legal environmental scanning are Correct Answer govt. policies, stability, philosophy of govt. , legal system, implementation, infrastructure , import-export Change in company structure from divisional to matrix also mean changes in the systems in various degrees Correct Answer True The control process requires the following types of information Correct Answer Planned performance , Variances , Reasons Budgets are plans expressed in numerical terms usually in financial terms Correct Answer True Arranging training program on productivity is a strategic decision. Correct Answer False Different kinds of information systems are Correct Answer Operational level system , Knowledge level system , Management level system Divestiture is opposed to diversification. Correct Answer False ________ is a modern plant consisting of modules centered around a stage in the production process Correct Answer Flotilla concept Secondary sources of information are Correct Answer newspapers, magazines, journals etc.
Scheduling is a part of strategic management. Correct Answer False Delay in ________ measurement defeats the purpose of evaluation. Correct Answer Time Merger takes place Correct Answer between a buyer and a seller , to avail tax concessions , to increase growth rates Performance is affected by Correct Answer Distorted resource allocation , Inappropriate structure , Wrong motivational styles The preparation of ETOP involves Correct Answer dividing environment into sectors , sub factors , analyze impact of each sector & sub factor on organization , description of impact of each subfactor into a statement which is positive, neutral or negative. Value chain analysis is an effective tool for ________. Correct Answer internal analysis Tata motors goal of reaching middle class two wheeler owners is a ________ category of goal. Correct Answer internal transformation It is used extensively in organisation and is concerned with action or performance
Correct Answer Operational control ________ is a deep understanding of ones emotions, strengths, weaknesses, needs, drives & their effects on self and others. Correct Answer Self-awareness Money is invested by way of Correct Answer Debt , Equity ________ relationships are effective in communicating complex information Correct Answer Personal
The actual performance deviates positively over the budgeted performanve. This is an indication of superior performance Correct Answer True Value chain analysis is an effective tool for ________. Correct Answer internal analysis Environmental competitiveness tends to encourage ethical behaviour. Correct Answer False W in SWOT stands for Correct Answer inherent inadequacy of organization Match The Following Correct Answer Comparative analysis is historical analysis historical analysis Benchmarking is competitive analysis competitive analysis Michael Hammer & James Chapy Reengineering Reengineering GDP stands for gross domestic product gross domestic product Competenncy models reveal three types of capabilities Correct Answer Technical skills , Cognitive skills , Emotional Intelligence Quotient The decisions which are relate to daily decisions like leave records etc. which are mundane in nature & highly routined & can be done at a junior level are Correct Answer operational decisions Adapter duplicate the leader and claim to be similar or even the same. Correct Answer False The process of forecasting an organization's future demands for and supply of right type of people in right number is Correct Answer Man-power planning Three important managerial qualities required for the effective strategic management Correct Answer Conceptual, human & intellectual skills , Decision making ability , Vision Arranging training program on productivity is a strategic decision. Correct Answer False Staffing function applies to all company levels irrespective of levels of hierarchy
Correct Answer True True
The actual performance matches the budgeted performance. This is a realistic situation. Correct Answer False False
Mass media includes Correct Answer radio, TV, internet etc. radio, TV, internet etc.
Strategic management is mainly the responsibility of Correct Answer Top Management Top Management
Various phases of Growth are Correct Answer Creativity , Delegation , Co-ordination Creativity , Delegation , Co-ordination
Strategic management deals with Correct Answer Business process Business process
Strategic management is concerned with Correct Answer long- range planning long- range planning
Core ideology Correct Answer core values , core purpose core values , core purpose
Displacing competitor is ________ category of goal. Correct Answer common enemy common enemy
Three important managerial qualities required for the effective strategic management
Correct Answer Conceptual, human & intellectual skills , Decision making ability , Vision Conceptual, human & intellectual skills , Decision making ability , Vision
Financial environment is concerned with Correct Answer demand & supply of money, capital markets demand & supply of money, capital markets
W in SWOT stands for Correct Answer inherent inadequacy of organization inherent inadequacy of organization
What is Statistical Quality Control(SQC) Correct Answer Identifies quality and productivity from a production process , Identifies impact of any change on performance , Instantly spots malfunctions and show where they occur Identifies quality and productivity from a production process , Identifies impact of any change on performance , Instantly spots malfunctions and show where they occur Match The Following Correct Answer Fit SWOT analysis SWOT analysis Vision what a company wishes to become or aspires to be. what a company wishes to become or aspires to be. mission what the company is and why it exists. what the company is and why it exists. BHAG big headed audacious goals big headed audacious goals
CAP related to internal appraisal of firm stands for Correct Answer competitive advantage profile competitive advantage profile at 5:36 AM 0 comments Links to this post Labels: Strategic Management Strategic Management - 3
It enables the strategists to take corrective action at the right time Correct Answer Premise control
HR implementation involues a series of action programme like production, estimation of raw materials, labour & machine hours. Correct Answer
False
The environment of any organization is "the aggregate of all conditions, events and influences that surround and affect it." Correct Answer True The preparation of ETOP involves Correct Answer dividing environment into sectors , sub factors , analyze impact of each sector & sub factor on organization , description of impact of each subfactor into a statement which is positive, neutral or negative. Contractual entry modes are Correct Answer licensing / franchising Match The Following Correct Answer Market follower are Imitator Horizontal integration means Additional product/service for same customers Vertical forward integration means Becoming your own customer Position defense means Fortification around one's territory supplier & technological environment is concerned with Correct Answer quality & no. of suppliers , logistics , raw material , trends and rate of change of technology A Large-scale community development project was funded to enable farmers to use local resources effectively by Correct Answer Asian Paints Three important managerial qualities required for the effective strategic management Correct Answer Conceptual, human & intellectual skills , Decision making ability , Vision Measures to take corrective action Correct Answer Checking performance , Reformulate strategies , Standard check Match The Following Correct Answer strategic alliances means two or more entities join hands for mutual benefit. vertical forward integration means becoming your own customer horizontal integration means additional product/service for same customers vertical backward integration means becoming your own supplier It is based on a trigger mechanism for rapid response and immediate reassessment of strategy in the light of sudden and unexpected events Correct Answer Emergency alert contriol The various models of social responsibility are Correct Answer Austere Model , Vendors Model , Civic Model Techniques used in environmental appraisal are Correct Answer single-variable extrapolation/multivariable interaction analysis , structured/ unstructured expert/inexpert opinion , Dynamic modes and mapping What is Statistical Quality Control(SQC) Correct Answer Identifies impact of any change on performance , Instantly spots malfunctions and show where they occur , Identifies quality and productivity from a production process
The super structure indicates ways in which company's tasks are integrated or coordinated Correct Answer True The Hallmarks for self-regulation are Correct Answer Trust & fairness , Changed Management , Integrity & thoughtfulness Strategic management is mainly the responsibility of Correct Answer Top Management
Limitations of Traditional cost accounting are Correct Answer Assumes factory as an isolated entity , It measures only the cost of producing
The actual performance matches the budgeted performance. This is a realistic situation. Correct Answer False
Merger takes place Correct Answer between a buyer and a seller , to avail tax concessions , to increase growth rates
The discipline which deals with what is good and bad and which moral obligation is Correct Answer Ethics
Arranging training program on productivity is a strategic decision. Correct Answer False
Scheduling is a part of strategic management. Correct Answer False
Under functional strategics we have vertical fit & horizontal fit. Correct Answer True
Program is a combination of Correct Answer goals , policies , procedures
T in SWOT, refers to Correct Answer unfavorable conditions in external environment.
Numerator may bring short-term results, but there may be serious long-term sacrifices. Correct Answer
False
Changes in company structure also necessitates changes in the systems in various degrees Correct Answer True
In SWOT , S stands for Correct Answer favorable condition in the organization's environment.
Different kinds of information systems are Correct Answer Operational level system , Knowledge level system , Management level system
Strategic management deals with Correct Answer Business process
________cost accounting measures the cost of producing and ignores the cost of non-producing Correct Answer Traditional
Getting new users is a position defense strategy. Correct Answer False
Companies employ trained ________ to develop "competency models" to identify potential leaders Correct Answer Psychologists
Associated external agencies means Correct Answer channel members, customers, suppliers etc.
Like roots of a tree, ________of organization is hidden from direct view. Correct Answer core competence
Titan going into setting their won retail outlets- this is ________ integration. Correct Answer vertical ( forward )
Financial environment is concerned with Correct Answer demand & supply of money, capital markets
A hardware manufacture enters into software is an example of ________ integration. Correct Answer
horizontal
________ should have the ability to develop a visionto see patterns into the future. Correct Answer Leaders
Macro environment has got immediate impact on business. Correct Answer False
Strategic management is concerned with Correct Answer long- range planning
Performance is affected by Correct Answer Distorted resource allocation , Inappropriate structure , Wrong motivational styles
In a ________ a decentralized structure is achieved & harmonized at the plant & area levels. Correct Answer Delegation
________ is the drive to achieve beyond one's expectations Correct Answer Motivation
Money is invested by way of Correct Answer Debt , Equity at 5:35 AM 0 comments Links to this post Labels: Strategic Management Strategic Management - 2 LIST OF ATTEMPTED S AND ANSWERS
A strategy used to learn more about customers need & behaviours in order to develop stronger relationship with them is Correct Answer CRM CRM
Various phases of Growth are Correct Answer Creativity , Delegation , Co-ordination Creativity , Delegation , Co-ordination
A Company's strategy Correct Answer Vital ingredient in determinig it's future , Yields growth, profits etc , may result in disaster if inappropriate Vital ingredient in determinig it's future , Yields growth, profits etc , may result in disaster if inappropriate
Value chain analysis is an effective tool for ________. Correct Answer internal analysis internal analysis
________ and greater accountability replace formal control. Correct Answer Self-discipline Self-discipline
Critical resources in the emerging information age are Correct Answer Information , Expertise , Intelligence Information , Expertise , Intelligence
HR implementation involues a series of action programme like production, estimation of raw materials, labour & machine hours. Correct Answer False False
Scheduling is a part of strategic management. Correct Answer False False
Program is a combination of Correct Answer goals , policies , procedures goals , policies , procedures
Strategic intent Correct Answer obsession with an organization , ambitions in proportion to their existing resources & capabilities , what the organization strives for. obsession with an organization , ambitions in proportion to their existing resources & capabilities , what the organization strives for.
Business is rated on which dimensions Correct Answer Market attractiveness , Business strength Market attractiveness , Business strength
It enables the strategists to take corrective action at the right time Correct Answer Premise control Premise control
________ should have the ability to develop a visionto see patterns into the future. Correct Answer Leaders Leaders
Changes in company structure also necessitates changes in the systems in various degrees Correct Answer True True
Principles to manage strategic alliances are Correct Answer clarity in strategy & responsibilities , blending cultures , provide for an exit strategy clarity in strategy & responsibilities , blending cultures , provide for an exit strategy
In SWOT , S stands for Correct Answer favorable condition in the organization's environment. favorable condition in the organization's environment.
Merger takes place Correct Answer between a buyer and a seller , to avail tax concessions , to increase growth rates between a buyer and a seller , to avail tax concessions , to increase growth rates
Horizontal integration is concerned with Correct Answer product lines product lines
________ identifies the impact of any change on performance Correct Answer Statistical quality control Statistical quality control
They enact the formal role of reviewing and screening executive decisions in the light of their environmental, business and organisational implications Correct Answer Board of director Board of director
The decisions which are relate to daily decisions like leave records etc. which are mundane in nature & highly routined & can be done at a junior level are Correct Answer operational decisions operational decisions
Excelling in one market guarantees success in a new. Correct Answer False False
Analysis of variances leads to a plan for corrective action Correct Answer True True
Knowledge of the relationships between choices, environment & outcomes is Correct Answer familiarity familiarity
These are critical situations that occur unexpectedly and threaten the course of a firm's strategy Correct Answer Crisis Crisis Match The Following Correct Answer Board of Directors Link between company & external environment Link between company & external environment Profit centers S.B.U. s S.B.U. s S.B.U.s are more focused on their Product line/business Product line/business Manufacturing strategy Productivity Productivity
Arranging training program on productivity is a strategic decision. Correct Answer False False
Systems are formal and informal rules and regulations that complements the company structure Correct Answer True True
They have time based utility Correct Answer Goals , Resources Goals , Resources
Companies employ trained ________ to develop "competency models" to identify potential leaders Correct Answer Psychologists Psychologists
The culture of a company is conveyed through Correct Answer Rites , Myths , Rituals Rites , Myths , Rituals
________ is the company's most critical and scarest resource. Correct Answer Capital Capital
The super structure indicates ways in which company's tasks are integrated or coordinated Correct Answer True True
What is Statistical Quality Control(SQC) Correct Answer Identifies quality and productivity from a production process , Identifies impact of any change on performance , Instantly spots malfunctions and show where they occur Identifies quality and productivity from a production process , Identifies impact of any change on performance , Instantly spots malfunctions and show where they occur
________ support managers by keeping track of the elementary activities & transactions of the organization such as sales, receipts, raw materials etc. Correct Answer Operational level systems Operational level systems
These people are charged with the responsibility of continuous screening of performance? Correct Answer Audit committee Audit committee Match The Following Correct Answer Fit SWOT analysis SWOT analysis Vision what a company wishes to become or aspires to be. what a company wishes to become or aspires to be. mission what the company is and why it exists. what the company is and why it exists. BHAG big headed audacious goals big headed audacious goals
It is the most important feature in the implementation of strategic management Correct Answer leadership leadership
________ is a deep understanding of ones emotions, strengths, weaknesses, needs, drives & their effects on self and others. Correct Answer Self-awareness Self-awareness
Tata motors goal of reaching middle class two wheeler owners is a ________ category of goal. Correct Answer internal transformation internal transformation
The environment of any organization is "the aggregate of all conditions, events and influences that surround and affect it." Correct Answer True True
Business ethics is how personal norms do not apply to activities & goals of a commercial firm. Correct Answer False False
Economics of scale requires ________. Correct Answer high market share high market share at 5:35 AM 0 comments Links to this post Labels: Strategic Management Strategic Management - 1 LIST OF ATTEMPTED S AND ANSWERS
Macro environment has got immediate impact on business. Correct Answer False False
These people are charged with the responsibility of continuous screening of performance? Correct Answer Audit committee Audit committee
Factors to be considered in political- legal environmental scanning are Correct Answer govt. policies, stability, philosophy of govt. , legal system, implementation, infrastructure , import-export govt. policies, stability, philosophy of govt. , legal system, implementation, infrastructure
The preparation of ETOP involves Correct Answer dividing environment into sectors , sub factors , analyze impact of each sector & sub factor on organization , description of impact of each subfactor into a statement which is positive, neutral or negative. dividing environment into sectors , sub factors , analyze impact of each sector & sub factor on organization , description of impact of each subfactor into a statement which is positive, neutral or negative.
Factors to be considered while deciding candidates for divestiture are Correct Answer taxes , availability of buyers , market reaction taxes , availability of buyers , market reaction
Style of a company are the patterns of actions taken by members of top management over a period of time
GATT stands for ________. Correct Answer general agreement on trade & tariff general agreement on trade & tariff
Associated external agencies means Correct Answer channel members, customers, suppliers etc. channel members, customers, suppliers etc.
Three important managerial qualities required for the effective strategic management Correct Answer Conceptual, human & intellectual skills , Decision making ability , Vision Conceptual, human & intellectual skills , Decision making ability , Vision
Strategic intent Correct Answer obsession with an organization , ambitions in proportion to their existing resources & capabilities , what the organization strives for. obsession with an organization , what the organization strives for.
Japan's major productivity gains are the results of social changes brought about by ________ Correct Answer Statistical quality control Statistical quality control
Organizational models are Correct Answer multinational model , international model , global organizational model multinational model , international model , global organizational model
Strategic management is concerned with
Correct Answer long- range planning long- range planning
The preparation of ETOP involves Correct Answer dividing environment into sectors , sub factors , analyze impact of each sector & sub factor on organization , description of impact of each subfactor into a statement which is positive, neutral or negative. analyze impact of each sector & sub factor on organization , description of impact of each subfactor into a statement which is positive, neutral or negative. , dividing environment into sectors , sub factors Match The Following Correct Answer Maintain strategy stable environment stable environment Market follower are imitator imitator Market challenger are bypass attack bypass attack Turnaround strategy V.R.S. V.R.S.
Factors encouraging joint ventures are Correct Answer uneconomical separate existence , risk of business gets shared , sharing competence of each other uneconomical separate existence , sharing competence of each other , monopoly of one company
How does 'structure' reduce internal uncertainity arising out of human behaviour Correct Answer Control mechanism , Departmentalisation Control mechanism , Departmentalisation , Specialisation
Arranging training program on productivity is a strategic decision. Correct Answer False True
Corporate strategy ensures Correct Answer fit between the firm and its environment Easy availability of resources
Economics of scale requires ________. Correct Answer high market share high market share
Delay in ________ measurement defeats the purpose of evaluation. Correct Answer Time Time
Factors encouraging joint ventures are Correct Answer uneconomical separate existence , risk of business gets shared , sharing competence of each other uneconomical separate existence , risk of business gets shared , sharing competence of each other
Tata motors goal of reaching middle class two wheeler owners is a ________ category of goal. Correct Answer internal transformation specialization
________ is the drive to achieve beyond one's expectations Correct Answer Motivation Motivation
The decisions which are applied to structured or routine problems are Correct Answer programmed decisions programmed decisions
LIST OF ATTEMPTED S AND ANSWERS
Match The Following Correct Answer Comparative analysis is historical analysis historical analysis Benchmarking is competitive analysis value chain analysis Michael Hammer & James Chapy Reengineering Reengineering GDP stands for gross domestic product gross domestic product
Techniques used in environmental appraisal are Correct Answer single-variable extrapolation/multivariable interaction analysis , structured/ unstructured expert/inexpert opinion , Dynamic modes and mapping single-variable extrapolation/multivariable interaction analysis , structured/ unstructured expert/inexpert opinion , simulation , Dynamic modes and mapping
Getting new users is a position defense strategy. Correct Answer False False
How does 'structure' reduce external uncertainity arising out of human behaviour Correct Answer Research and planning , Forecasting Research and planning , Forecasting , Division of labour , Departmentalisation
Bajaj started manufacturing of sunny is an example of ________. Correct Answer concentration strategy integration strategy
Macro environment Correct Answer Political- legal , socio-cultural , economic-demographic
Political- legal , socio-cultural , economic-demographic , technology
A cycling accessory firm strive to become 'the nike of the cycling industry' is ________category of goal. Correct Answer role model role model
They have time based utility Correct Answer Goals , Resources Goals , Employess , Resources
Factors determining HRP (Human Resource Planning ) Correct Answer Type & Strategy of organisation , Environmental uncertainties , Type & quality of information Type & Strategy of organisation , Environmental uncertainties , Type & quality of information
market research is conducted by Correct Answer by employees , by research agencies , by consultants by employees , by research agencies , by consultants
The actual performance deviates positively over the budgeted performanve. This is an indication of superior performance Correct Answer True True
A major part of strategy implementation is Correct Answer resource allocation resource allocation
These people are charged with the responsibility of continuous screening of performance?
Correct Answer Audit committee Audit committee
T in SWOT, refers to Correct Answer unfavorable conditions in external environment. unfavorable conditions in external environment.
It is the process of analyzing, dividing and arranging work or activities into manageable portion for individuals, sections & departments Correct Answer departmentation departmentation
________ and greater accountability replace formal control. Correct Answer Self-discipline Self-Appraisal
Staffing function applies to all company levels irrespective of levels of hierarchy Correct Answer True True
Performance is affected by Correct Answer Distorted resource allocation , Inappropriate structure , Wrong motivational styles Distorted resource allocation , Inappropriate structure , Wrong motivational styles
Three C's affecting today's companies are customer, competition & change
It provides a way to bring in the people dimension in macro company analysis without using psychological models of human behaviour Correct Answer Culture Culture
Systems are formal and informal rules and regulations that
complements the company structure Correct Answer True True
Limitations of Traditional cost accounting are Correct Answer Assumes factory as an isolated entity , It measures only the cost of producing Assumes factory as an isolated entity , It measures only the cost of producing , It uses time as a unit of measure
Match The Following Correct Answer Marketing a product Mass segmentation Mass segmentation Environmental Analysis Social, Political, legal & technology Social, Political, legal & technology Swot Analysis Matching, converting, minimizing & avoiding strategies Life cycle considerations Marketing strategy Life cycle considerations Matching, converting, minimizing & avoiding strategies
ETOP stands for ________. Correct Answer environmental threat & opportunity profile environmental threat & opportunity profile
It is used extensively in organisation and is concerned with action or performance Correct Answer Operational control Operational control
Acquisitions which are friendly are termed as "take-overs". Correct Answer False False
Macro environment has got immediate impact on business.
Correct Answer False True
Style of a company are the patterns of actions taken by members of top management over a period of time Correct Answer True True
The cornerstone of financial planning process of all organizations because of the cost, control and risk considerations which influence overall value of the firm is Correct Answer Capital structure planning Capital structure planning
It concentrates on organisation design and work flow Correct Answer Flotilla Systems approach
The benefits of a change in process are defined in terms of ________ cost savings Correct Answer Labour Infrastructure at 11:03 PM 0 comments Links to this post Labels: Strategic Management (Set - VIII) Tuesday, September 8, 2009 Strategic Management - 24 LIST OF ATTEMPTED S AND ANSWERS
It refers to formal and informal rules, regulations and procedures that complements the company structure Correct Answer Systems Systems
Displacing competitor is ________ category of goal. Correct Answer common enemy common enemy
T in SWOT, refers to Correct Answer unfavorable conditions in external environment. Time factor
The various areas covered by social responsibility are Correct Answer Inner Circle , Intermediate circle , Outer Circle Inner Circle , Intermediate circle , Outer Circle
Magnitude of the decision outcome and scope of their impact on the decision maker's domain of activity is Correct Answer significance significance
________ is the company's most critical and scarest resource. Correct Answer Capital Capital
W in SWOT stands for Correct Answer inherent inadequacy of organization weakness of competitors
Limitations of Traditional cost accounting are Correct Answer Assumes factory as an isolated entity , It measures
only the cost of producing Assumes factory as an isolated entity , It measures only the cost of producing , It uses time as a unit of measure
Timing of measurement before hand serves the purpose of evaluation. Correct Answer False True
Match The Following Correct Answer strategic alliances means two or more entities join hands for mutual benefit. two or more entities join hands for mutual benefit. vertical forward integration means becoming your own customer becoming your own customer horizontal integration means additional product/service for same customers additional product/service for same customers vertical backward integration means becoming your own supplier becoming your own supplier
It is designed to monitor a broad range of events inside and outside the company that are likely to threaten a firm's strategy Correct Answer Strategic surveillance Premise control
Factors to be considered while deciding candidates for divestiture are Correct Answer taxes , availability of buyers , market reaction availability of buyers , market reaction , willingness of employees
Match The Following Correct Answer
Board of Directors Link between company & external environment Link between company & external environment Profit centers S.B.U. s Profit making organizations S.B.U.s are more focused on their Product line/business Product line/business Manufacturing strategy Productivity Productivity
Module of Flotilla strikes an optimum balance of ________ and flexibility Correct Answer Standardisation Standardisation
The aim in stability strategies isCorrect Answer move slowly & surely move slowly & surely
W in SWOT stands for Correct Answer inherent inadequacy of organization weakness of competitors
This strategic posture plays a leadership role in establishing how the industry operates Correct Answer Shapers Shapers
Criteria for making an evaluation are Correct Answer Consistency with goals , Consistency with environment , Money
Consistency with goals , Consistency with environment , Knowledge
Secondary sources of information are Correct Answer newspapers, magazines, journals etc. newspapers, magazines, journals etc.
It concentrates on organisation design and work flow Correct Answer Flotilla Flotilla
The reasons for acquisition are Correct Answer Increased market power , Increased diversification , Increased speed to market Increased market power , Increased speed to market , Encourage excessive competition
Attack strategies are Correct Answer frontal attack , flank attack , encirclement attack frontal attack , flank attack , encirclement attack
________ is seen as an integral process that converts materials into goods Correct Answer Systems Modern Accounting
Cadbury's add in which Amitabh Bachchan clarifies about the safety of the product (dairy milk) is an example of ________ defense. Correct Answer counteroffensive counteroffensive
Labour satisfaction may result in unethical behaviour as anger. Correct Answer False False
The ________ are distinct little business set up as units in a larger company Correct Answer Strategic business Units Strategic business Units
They are ultimately responsible for all the administrative aspects of strategic evaluation and control Correct Answer Chief executive Board of directors
Control should involve________ amount of information. Correct Answer Minimum Maximum
Reciprocal responsibility means equal blames and credit. Correct Answer False True
Critical resources in the emerging information age are Correct Answer Information , Expertise , Intelligence Capital , Information , Expertise
Scheduling is a part of strategic management. Correct Answer False True
Acquisitions which are friendly are termed as "take-overs". Correct Answer False True
Adapter duplicate the leader and claim to be similar or even the same. Correct Answer False False
Analysis of variances leads to a plan for corrective action Correct Answer True True
Bajaj started manufacturing of sunny is an example of ________. Correct Answer concentration strategy expansion strategy
In SWOT , S stands for Correct Answer favorable condition in the organization's
environment. potentials and competencies of organization.
Competenncy models reveal three types of capabilities Correct Answer Technical skills , Cognitive skills , Emotional Intelligence Quotient Technical skills , Cognitive skills , Emotional Intelligence Quotient
Brush your teeth twice a day is an example of expanding the total market by________. Correct Answer more usage more usage
Micro environment is the internal environment of a company. Correct Answer False False
These following factors determine the desire of risk Correct Answer Strategies , Resources Strategies , Competence , Time
Different kinds of information systems are Correct Answer Operational level system , Knowledge level system , Management level system Operational level system , Knowledge level system , Management level system
A hardware manufacture enters into software is an example of ________integration. Correct Answer vertical ( forward )
horizontal
________ and greater accountability replace formal control. Correct Answer Self-discipline Self-discipline
The actual performance deviates positively over the budgeted performanve. This is an indication of superior performance Correct Answer True False
Multiple Choice Single Answer Concentric diversification means Correct Answer new activity related to existing business new activity related to existing business
Core purpose Correct Answer mission mission
Empower people through great software anytime , any place, on any device'- Microsoft Correct Answer vision vision
Niche marketing means Correct Answer end user specialist , specific customer specialist , geographic specialist end user specialist , specific customer specialist , research specialist
Focused company is generally protected from competition. Correct Answer True False
These are moves that will pay off irrespective of what happens in the future Correct Answer No-regret moves No-regret moves
Value chain analysis is an effective tool for ________. Correct Answer internal analysis product performance analysis
Counterfeiter copy but with a difference that can be seen. Correct Answer False True
Program is a combination of Correct Answer goals , policies , procedures policies , procedures , corporate strategy
Contractual entry modes are Correct Answer licensing / franchising licensing / franchising
It enables the strategists to take corrective action at the right time Correct Answer Premise control Strategic surveillance
Excelling in one market guarantees success in a new. Correct Answer False False
Match The Following Correct Answer Maintain strategy stable environment stable environment
Market follower are imitator imitator Market challenger are bypass attack bypass attack Turnaround strategy V.R.S. V.R.S.
Tata motors goal of reaching middle class two wheeler owners is a ________ category of goal. Correct Answer internal transformation challenge
Core ideology Correct Answer core values , core purpose core values , core purpose , ideas and suggestions
Organizational models are Correct Answer multinational model , international model , global organizational model multinational model , international model , global organizational model
Business is rated on which dimensions Correct Answer Market attractiveness , Business strength Market attractiveness , Business strength , Competition level
supplier & technological environment is concerned with Correct Answer quality & no. of suppliers , logistics , raw material , trends and rate of change of technology quality & no. of suppliers , logistics , raw material , trends and rate of change of technology
Responsibility towards society & community includes Avoiding bad, smoky chimneys, & pollution of any kind and abiding by the Correct Answer Environment Protection Act
Law
________cost accounting measures the cost of producing and ignores the cost of non-producing Correct Answer Traditional Traditional
Value chain analysis is an effective tool for ________. Correct Answer internal analysis product performance analysis
Strategic intent Correct Answer obsession with an organization , ambitions in proportion to their existing resources & capabilities , what the organization strives for. ambitions in proportion to their existing resources & capabilities , what the organization strives for. , concept of optimization
Corporate strategy ensures Correct Answer fit between the firm and its environment fit between the firm and its environment
Strategic evaluation determines the effectiveness of ________ Correct Answer Strategy Strategy
Arranging training program on productivity is a strategic decision. Correct Answer False True
Match The Following Correct Answer Comparative analysis is historical analysis Reengineering Benchmarking is competitive analysis competitive analysis Michael Hammer & James Chapy Reengineering value chain analysis GDP stands for gross domestic product gross domestic product
Budgets are plans expressed in numerical terms usually in financial terms Correct Answer True True
An approach that strives to follow ethical principles and percepts is Correct Answer Moral management Moral management
The major issues of appraisal system are Correct Answer Factors of appraisal , Relevance of apprasial , Procedure of appraisal Factors of appraisal , Relevance of apprasial , Procedure of appraisal
Micro environment is the internal environment of a company. Correct Answer False True
________ models can be described as a system that describe how pieces of business fit together. Correct Answer Business Modular
Environmental competitiveness tends to encourage ethical behaviour. Correct Answer False False at 9:16 PM 0 comments Links to this post
Labels: Strategic Management (Set - VII) Strategic Management - 22 LIST OF ATTEMPTED S AND ANSWERS
Formal systems are adopted to bring ________ & amalgamation of decentralized units into product groups. Correct Answer Co-ordination Co-ordination
Associated external agencies means Correct Answer channel members, customers, suppliers etc. competitors
Match The Following Correct Answer Fit SWOT analysis SWOT analysis Vision what a company wishes to become or aspires to be. what a company wishes to become or aspires to be. mission what the company is and why it exists. what the company is and why it exists. BHAG big headed audacious goals big headed audacious goals
According to Michael Porter, the core of efficiency management is strategy. Correct Answer True False
The control process requires the following types of information Correct Answer Planned performance , Variances , Reasons Planned performance , Variances , Reasons
Techniques used in environmental appraisal are Correct Answer single-variable extrapolation/multivariable interaction analysis , structured/ unstructured expert/inexpert opinion , Dynamic modes and mapping single-variable extrapolation/multivariable interaction analysis , simulation , Dynamic modes and mapping
Factors encouraging joint ventures are Correct Answer uneconomical separate existence , risk of business gets shared , sharing competence of each other uneconomical separate existence , sharing competence of each other , monopoly of one company
Mission Correct Answer philosophy, public image target
Denominator management Correct Answer cost reduction cost reduction
Strategic management is concerned with Correct Answer long- range planning controlling
A Company's strategy Correct Answer Vital ingredient in determinig it's future , Yields growth, profits etc , may result in disaster if inappropriate Vital ingredient in determinig it's future , Only factor determing it's success or failure , may result in disaster if inappropriate
A cycling accessory firm strive to become 'the nike of the cycling industry' is ________category of goal. Correct Answer role model role model
Factors determining HRP (Human Resource Planning ) Correct Answer Type & Strategy of organisation , Environmental
uncertainties , Type & quality of information Type & Strategy of organisation , Environmental uncertainties , Type & quality of information
At this strategic level, the effort is directed at assessing how well the organisation is pursuing a given strategy Correct Answer Operational evaluation Operational evaluation
Match The Following Correct Answer Decision making Managers to develop the courage to make unconventional decisions Managers to develop the courage to make unconventional decisions Social Responsibility Managers to maintain high ethical standards Managers to maintain high ethical standards Lateral thinking Managers to learn to deal with chaotic situations Managers to learn to deal with chaotic situations Responsiveness Managers to provide speedy responses to environmental changes Managers to provide speedy responses to environmental changes
Make or buy decision is related with ________strategy. Correct Answer vertical ( backward ) integration vertical ( backward ) integration
Numerator may bring short-term results, but there may be serious long-term sacrifices.
Correct Answer False True
Degree to which the decision maker is accountable for the outcomes of the decision is Correct Answer accountability ambiguity
It is based on a trigger mechanism for rapid response and immediate reassessment of strategy in the light of sudden and unexpected events Correct Answer Emergency alert contriol Emergency alert contriol
These are critical situations that occur unexpectedly and threaten the course of a firm's strategy Correct Answer Crisis Crisis
Japan's major productivity gains are the results of social
changes brought about by ________ Correct Answer Statistical quality control Statistical quality control
The benefits of a change in process are defined in terms of ________ cost savings Correct Answer Labour Labour
________ is a deep understanding of ones emotions, strengths, weaknesses, needs, drives & their effects on self and others. Correct Answer Self-awareness Emotional quotient
Three C's affecting today's companies are customer, competition & change Correct Answer True True
Scheduling is a part of strategic management. Correct Answer False True
How does 'structure' reduce external uncertainity arising out of human behaviour Correct Answer Research and planning , Forecasting Research and planning , Forecasting , Departmentalisation
Standards of performance act as the benchmark against which
the actual performance is compared. Correct Answer True True
In SWOT , S stands for Correct Answer favorable condition in the organization's environment. Strategy
Like roots of a tree, ________of organization is hidden from direct view. Correct Answer core competence mission
Measures to take corrective action Correct Answer Checking performance , Reformulate strategies , Standard check Checking performance , Formulate plans , Reformulate strategies
All policies are 'statements' Correct Answer False False
An unhealthy portfolio has Correct Answer More dogs , Few stars More dogs
market research is conducted by Correct Answer by employees , by research agencies , by consultants by research agencies , by rivals , by consultants
Staffing function applies to all company levels irrespective
of levels of hierarchy Correct Answer True True
Strategic management deals with Correct Answer Business process Business process at 9:12 PM 0 comments Links to this post Labels: Strategic Management (Set - VII) Sunday, April 26, 2009 Strategic Management - 21 LIST OF ATTEMPTED S AND ANSWERS
Factors encouraging joint ventures are Correct Answer sharing competence of each other , uneconomical separate existence , risk of business gets shared uneconomical separate existence , risk of business gets shared , sharing competence of each other
How does 'structure' reduce external uncertainity arising out of human behaviour Correct Answer Research and planning , Forecasting Research and planning , Forecasting
It is designed to monitor a broad range of events inside and outside the company that are likely to threaten a firm's strategy Correct Answer Strategic surveillance
Strategic surveillance
A network of facilities and distribution that performs the functions of procurement of materials trasforming into intermediate and finished products & distributing them to customers is Correct Answer Supply chains Supply chains
Concentric diversification means Correct Answer new activity related to existing business new activity related to existing business
A hardware manufacture enters into software is an example of ________integration. Correct Answer vertical ( forward ) horizontal
Tata motors goal of reaching middle class two wheeler owners is a ________ category of goal. Correct Answer internal transformation target
Strategic management is mainly the responsibility of
Correct Answer Top Management Top Management
This strategic posture takes the current industry structure and its future evolution as given and then react to the
opportunities the market offers Correct Answer Adapters Adapters
The various models of social responsibility are Correct Answer Austere Model , Vendors Model , Civic Model Vendors Model , Civic Model , Austere Model
Match The Following Correct Answer Fit SWOT analysis first intensive target Vision what a company wishes to become or aspires to be. what a company wishes to become or aspires to be. mission what the company is and why it exists. what the company is and why it exists. BHAG big headed audacious goals big headed audacious goals
Magnitude of the decision outcome and scope of their impact on the decision maker's domain of activity is Correct Answer significance risk
Undec the social goals the responsibilities with regard to employees includes prociding maximum possible satisfaction to consumer providing quality goods & services at reasonable prices. Correct Answer False True
These following factors determine the desire of risk Correct Answer Strategies , Resources Strategies , Resources , Time
Make or buy decision is related with ________strategy. Correct Answer vertical ( backward ) integration vertical ( forward )
Techniques used in environmental appraisal are Correct Answer single-variable extrapolation/multivariable interaction analysis , structured/ unstructured expert/inexpert opinion , Dynamic modes and mapping single-variable extrapolation/multivariable interaction analysis , structured/ unstructured expert/inexpert opinion , Dynamic modes and mapping
Empower people through great software anytime , any place, on any device'- Microsoft Correct Answer vision vision
Competenncy models reveal three types of capabilities Correct Answer Technical skills , Cognitive skills , Emotional Intelligence Quotient
Technical skills , Cognitive skills , Integrity
Titan going into setting their won retail outlets- this is ________ integration. Correct Answer vertical ( forward ) vertical ( forward )
Bajaj started manufacturing of sunny is an example of ________. Correct Answer concentration strategy concentration strategy
The decisions which are relate to daily decisions like leave records etc. which are mundane in nature & highly routined & can be done at a junior level are
Correct Answer operational decisions operational decisions
Match The Following Correct Answer Comparative analysis is historical analysis value chain analysis Benchmarking is competitive analysis historical analysis Michael Hammer & James Chapy Reengineering Reengineering GDP stands for gross domestic product gross domestic product
Counterfeiter copy but with a difference that can be seen. Correct Answer False False
Like roots of a tree, ________of organization is hidden from direct view. Correct Answer core competence core competence
Factors encouraging joint ventures are Correct Answer sharing competence of each other , uneconomical separate existence , risk of business gets shared uneconomical separate existence , risk of business gets shared , sharing competence of each other
How does 'structure' reduce external uncertainity arising out of human behaviour
Correct Answer Research and planning , Forecasting Research and planning , Forecasting
Select The Blank ETOP stands for ________. Correct Answer environmental threat & opportunity profile environmental threat & opportunity profile
It is designed to monitor a broad range of events inside and outside the company that are likely to threaten a firm's strategy Correct Answer Strategic surveillance Strategic surveillance
True/False Three C's affecting today's companies are customer, competition & change Correct Answer True True
A network of facilities and distribution that performs the functions of procurement of materials trasforming into intermediate and finished products & distributing them to customers is Correct Answer Supply chains Supply chains
A hardware manufacture enters into software is an example of ________integration. Correct Answer vertical ( forward ) horizontal
Tata motors goal of reaching middle class two wheeler owners is a ________ category of goal. Correct Answer internal transformation target
This strategic posture takes the current industry structure and its future evolution as given and then react to the opportunities the market offers Correct Answer Adapters Adapters
The various models of social responsibility are Correct Answer Austere Model , Vendors Model , Civic Model Vendors Model , Civic Model , Austere Model
Match The Following Correct Answer Fit SWOT analysis first intensive target Vision
what a company wishes to become or aspires to be. what a company wishes to become or aspires to be. mission what the company is and why it exists. what the company is and why it exists. BHAG big headed audacious goals big headed audacious goals
Magnitude of the decision outcome and scope of their impact on the decision maker's domain of activity is Correct Answer significance risk
Undec the social goals the responsibilities with regard to employees includes prociding maximum possible satisfaction to consumer providing quality goods & services at reasonable prices. Correct Answer False True
These following factors determine the desire of risk Correct Answer Strategies , Resources Strategies , Resources , Time
Make or buy decision is related with ________strategy. Correct Answer vertical ( backward ) integration vertical ( forward )
Techniques used in environmental appraisal are Correct Answer single-variable extrapolation/multivariable interaction analysis , structured/ unstructured expert/inexpert opinion , Dynamic modes and mapping single-variable extrapolation/multivariable interaction analysis , structured/ unstructured expert/inexpert opinion , Dynamic modes and mapping
Empower people through great software anytime , any place, on any device'- Microsoft
Correct Answer vision vision
Competenncy models reveal three types of capabilities Correct Answer Technical skills , Cognitive skills , Emotional Intelligence Quotient Technical skills , Cognitive skills , Integrity
Macro environment has got immediate impact on business.
Correct Answer False False
The decisions which are relate to daily decisions like leave records etc. which are mundane in nature & highly routined & can be done at a junior level are Correct Answer operational decisions operational decisions
Match The Following Correct Answer Comparative analysis is historical analysis value chain analysis Benchmarking is competitive analysis historical analysis Michael Hammer & James Chapy Reengineering Reengineering GDP stands for gross domestic product gross domestic product
Like roots of a tree, ________of organization is hidden from direct view. Correct Answer core competence core competence at 10:20 PM 0 comments Links to this post Labels: Strategic Management (Set - VI) Tuesday, December 2, 2008 Strategic Management - 19 LIST OF ATTEMPTED S AND ANSWERS
LIST OF ATTEMPTED S AND ANSWERS
Strategic management deals with Correct Answer Business process Business process Match The Following Correct Answer Comparative analysis is historical analysis historical analysis Benchmarking is competitive analysis value chain analysis Michael Hammer & James Chapy Reengineering Reengineering GDP stands for gross domestic product gross domestic product
Techniques used in environmental appraisal are Correct Answer single-variable extrapolation/multivariable interaction analysis , structured/ unstructured expert/inexpert opinion , Dynamic modes and mapping single-variable extrapolation/multivariable interaction analysis , structured/ unstructured expert/inexpert opinion , simulation , Dynamic modes and mapping
How does 'structure' reduce external uncertainity arising out of human behaviour Correct Answer Research and planning , Forecasting Research and planning , Forecasting , Division of labour , Departmentalisation
Bajaj started manufacturing of sunny is an example of ________. Correct Answer concentration strategy integration strategy
Macro environment Correct Answer Political- legal , socio-cultural , economic-demographic Political- legal , socio-cultural , economic-demographic , technology
A cycling accessory firm strive to become 'the nike of the cycling industry' is ________category of goal. Correct Answer role model
role model
They have time based utility Correct Answer Goals , Resources Goals , Employess , Resources
Factors determining HRP (Human Resource Planning ) Correct Answer Type & Strategy of organisation , Environmental uncertainties , Type & quality of information Type & Strategy of organisation , Environmental uncertainties , Type & quality of information
A major part of strategy implementation is Correct Answer resource allocation resource allocation
These people are charged with the responsibility of continuous screening of performance? Correct Answer Audit committee
Audit committee
It is the process of analyzing, dividing and arranging work or activities into manageable portion for individuals, sections & departments Correct Answer departmentation departmentation
________ and greater accountability replace formal control. Correct Answer Self-discipline Self-Appraisal
Staffing function applies to all company levels irrespective of levels of hierarchy Correct Answer True True
Performance is affected by Correct Answer
Distorted resource allocation , Inappropriate structure , Wrong motivational styles Distorted resource allocation , Inappropriate structure , Wrong motivational styles
Factors encouraging joint ventures are
Correct Answer uneconomical separate existence , risk of business gets shared , sharing competence of each other uneconomical separate existence , risk of business gets shared , sharing competence of each other
Limitations of Traditional cost accounting are
Correct Answer Assumes factory as an isolated entity , It measures only the cost of producing Assumes factory as an isolated entity , It measures only the cost of producing , It uses time as a unit of measure Match The Following Correct Answer Marketing a product Mass segmentation Mass segmentation Environmental Analysis Social, Political, legal & technology Social, Political, legal & technology Swot Analysis Matching, converting, minimizing & avoiding strategies Life cycle considerations Marketing strategy Life cycle considerations Matching, converting, minimizing & avoiding strategies
It is used extensively in organisation and is concerned with action or performance Correct Answer Operational control Operational control
Macro environment has got immediate impact on business. Correct Answer False True
It concentrates on organisation design and work flow Correct Answer Flotilla Systems approach
The benefits of a change in process are defined in terms of ________ cost savings Correct Answer Labour Infrastructure at 5:36 AM 1 comments Links to this post Labels: Strategic Management (Set - VI) Friday, October 17, 2008 Strategic Management - 18 LIST OF ATTEMPTED S AND ANSWERS
The various models of social responsibility are Correct Answer Austere Model , Vendors Model , Civic Model Civic Model , Austere Model , Vendors Model
The cornerstone of financial planning process of all organizations because of the cost, control and risk considerations which influence overall value of the firm is
Correct Answer Capital structure planning Capital structure planning
The reasons for acquisition are Correct Answer Increased market power , Increased diversification , Increased speed to market Increased market power , Increased diversification , Increased speed to market
A Company's strategy Correct Answer Vital ingredient in determinig it's future , Yields growth, profits etc , may result in disaster if inappropriate Vital ingredient in determinig it's future , Yields growth, profits etc , may result in disaster if inappropriate
It concentrates on organisation design and work flow Correct Answer Flotilla Flotilla
This strategic posture takes the current industry structure and its future evolution as given and then react to the opportunities
the market offers Correct Answer Adapters Adapters
________ is seen as an integral process that converts materials into goods Correct Answer Systems Systems
The culture of a company is conveyed through Correct Answer Rites , Myths , Rituals Rites , Myths , Rituals
What is Statistical Quality Control(SQC) Correct Answer Identifies quality and productivity from a production process , Identifies impact of any change on performance , Instantly spots malfunctions and show where they occur Identifies impact of any change on performance , Instantly spots malfunctions and show where they occur , Identifies quality and productivity from a production process Match The Following Correct Answer Comparative analysis is historical analysis value chain analysis Benchmarking is competitive analysis historical analysis Michael Hammer & James Chapy Reengineering competitive analysis GDP stands for gross domestic product gross domestic product
Under functional strategics we have vertical fit & horizontal fit. Correct Answer True True
Like roots of a tree, ________of organization is hidden from direct view. Correct Answer core competence core competence
________ is a modern plant consisting of modules centered around a stage in the production process Correct Answer Flotilla concept Flotilla concept
Expansion strategy means Correct Answer growth growth
supplier & technological environment is concerned with Correct Answer trends and rate of change of technology , quality & no. of suppliers , logistics , raw material
quality & no. of suppliers , logistics , raw material , trends and rate of change of technology
They enact the formal role of reviewing and screening executive decisions in the light of their environmental, business and organisational implications Correct Answer Board of director Board of director
Macro environment has got immediate impact on business. Correct Answer False False Match The Following Correct Answer
Programs Combination of goals, policies, rules Combination of goals, policies, rules Policies General statements and understanding which, guide thinking in decision-making General statements and understanding which, guide thinking in decision-making Procedures Are plans and a guide to action Are plans and a guide to action Rules Spell out specific action or non-action Spell out specific action or non-action
Focused company is generally protected from competition. Correct Answer True False
Economics of scale requires ________.
Correct Answer high market share high market share
Modern Accounting uses ________ as a unit of measure Correct Answer Time Time
Export entry modes are Correct Answer direct/indirect export direct/indirect export
Factors determining HRP (Human Resource Planning )
Correct Answer Type & Strategy of organisation , Environmental uncertainties , Type & quality of information Type & Strategy of organisation , Environmental uncertainties , Type & quality of information
Environmental competitiveness tends to encourage ethical behaviour. Correct Answer False False
The Hallmarks for self-regulation are Correct Answer Trust & fairness , Changed Management , Integrity & thoughtfulness Trust & fairness , Changed Management , Integrity & thoughtfulness
The key principle of moral management is "Can we make money with this action decision or behaviour"? Correct Answer False False
Companies have strenghts in a number of areas but their key strength are few in number Correct Answer True True
How does 'structure' reduce internal uncertainity arising out of human behaviour
Correct Answer Control mechanism , Departmentalisation Control mechanism , Departmentalisation
Factors to be considered while deciding candidates for divestiture are Correct Answer taxes , availability of buyers , market reaction market reaction , taxes , availability of buyers
Financial environment is concerned with Correct Answer demand & supply of money, capital markets demand & supply of money, capital markets Match The Following Correct Answer Sharplin S.M. is the formulation & implementation of plans related to total organization. S.M. is the formulation & implementation of plans related to total organization. Glueck S.M. is a stream of decisions & actions S.M. is a stream of decisions & actions Hofer S.M. is the process, which deals with organizational renewal & growth. S.M. is the process, which deals with organizational renewal & growth. Ansoff S.M. is the systematic approach to position and relate firm to its environment. S.M. is the systematic approach to position and relate firm to its environment.
Empower people through great software anytime , any place, on any device'-Microsoft Correct Answer vision vision Select The Blank ETOP stands for ________. Correct Answer environmental threat & opportunity profile environmental threat & opportunity profile
It concentrates on organisation design and work flow Correct Answer Flotilla
Flotilla
A Large-scale community development project was funded to enable farmers to use local resources effectively by Correct Answer Asian Paints Asian Paints
________ models can be described as a system that describe how pieces of business fit together. Correct Answer Business Business
Niche marketing means Correct Answer end user specialist , specific customer specialist , geographic specialist end user specialist , specific customer specialist , geographic specialist
Mission Correct Answer philosophy, public image philosophy, public image
Undec the social goals the responsibilities with regard to employees includes prociding maximum possible satisfaction to consumer providing quality goods & services at reasonable prices. Correct Answer False False
Cadbury's add in which Amitabh Bachchan clarifies about the safety of the product (dairy milk) is an example of ________ defense. Correct Answer counteroffensive counteroffensive
CAP related to internal appraisal of firm stands for Correct Answer competitive advantage profile competitive advantage profile
Strategic intent Correct Answer obsession with an organization , ambitions in proportion to their existing resources & capabilities , what the organization strives for. obsession with an organization , ambitions in proportion to their existing resources & capabilities , what the organization strives for. Match The Following Correct Answer Fit SWOT analysis SWOT analysis Vision what a company wishes to become or aspires to be. what a company wishes to become or aspires to be. mission what the company is and why it exists. what the company is and why it exists. BHAG big headed audacious goals big headed audacious goals
GATT stands for ________. Correct Answer general agreement on trade & tariff general agreement on trade & tariff
Three C's affecting today's companies are customer, competition & change Correct Answer True False
Maintain strategies means Correct Answer no change in strategies no change in strategies
This portfolio involves major capital investments which will result in either large pay offs or large losses Correct Answer Big bets
Big bets
Macro environment Correct Answer Political- legal , socio-cultural , economic-demographic Political- legal , socio-cultural , economic-demographic
Environmental competitiveness tends to encourage ethical behaviour. Correct Answer False False
It is the most important feature in the implementation of strategic management Correct Answer leadership leadership
How does 'structure' reduce external uncertainity arising out of human behaviour Correct Answer Research and planning , Forecasting Research and planning , Forecasting
It enables the strategists to take corrective action at the right time Correct Answer Premise control Premise control
In a ________ a decentralized structure is achieved & harmonized at the plant & area levels. Correct Answer Delegation Delegation
Micro environment is the internal environment of a company. Correct Answer False False
These people are primarily responsible for operating control based on budgeting, reporting and financial analysis Correct Answer Company secretary , Auditor , Financial controller Company secretary , Auditor , Financial controller
Control should involve________ amount of information.
Correct Answer Minimum Minimum
Core purpose Correct Answer mission mission at 5:47 AM 0 comments Links to this post Labels: Strategic Management (Set - V) Strategic Management - 16 STRATEGIC MGMT LIST OF ATTEMPTED S AND ANSWERS
At this strategic level, the effort is directed at assessing how well the organisation is pursuing a given strategy Correct Answer Operational evaluation Operational evaluation
Factors to be considered while deciding candidates for divestiture are Correct Answer taxes , availability of buyers , market reaction taxes , availability of buyers , market reaction
Match The Following Correct Answer Crisis Management leads to organisational learning leads to organisational learning Milestone review Another method of implementation control Another method of implementation control Long and short term controls Balanced approach to evaluation Balanced approach to evaluation Variance Actual and budgeted performance Actual and budgeted performance
It refers to formal and informal rules, regulations and procedures that complements the company structure Correct Answer Systems Systems
________ identifies the impact of any change on performance Correct Answer Statistical quality control Statistical quality control
The preparation of ETOP involves Correct Answer dividing environment into sectors , sub factors , analyze impact of each sector & sub factor on organization , description of impact of each subfactor into a statement which is positive, neutral or negative. dividing environment into sectors , sub factors , analyze impact of each sector & sub factor on organization , description of impact of each subfactor into a statement which is positive, neutral or negative. Match The Following Correct Answer Fit SWOT analysis SWOT analysis Vision what a company wishes to become or aspires to be. what a company wishes to become or aspires to be. mission what the company is and why it exists. what the company is and why it exists. BHAG big headed audacious goals big headed audacious goals
The super structure indicates ways in which company's tasks are integrated or coordinated Correct Answer True True
Niche marketing means Correct Answer end user specialist , specific customer specialist , geographic specialist end user specialist , specific customer specialist , geographic specialist
The Hallmarks for self-regulation are Correct Answer Trust & fairness , Changed Management , Integrity & thoughtfulness Trust & fairness , Changed Management , Integrity & thoughtfulness
Money is invested by way of Correct Answer Debt , Equity Debt , Equity
Mission Correct Answer philosophy, public image philosophy, public image
The culture of a company is conveyed through Correct Answer Rites , Myths , Rituals
Rites , Myths , Rituals
Business ethics is how personal norms do not apply to activities & goals of a commercial firm. Correct Answer False True
This portfolio involves major capital investments which will result in either large pay offs or large losses Correct Answer Big bets Big bets
Retrenchment strategy means Correct Answer contraction of business activities contraction of business activities
Adapter duplicate the leader and claim to be similar or even the same. Correct Answer False False
Investment entry mode are Correct Answer joint venture/independent ventures/subsidiaries joint venture/independent ventures/subsidiaries
The various areas covered by social responsibility are Correct Answer Inner Circle , Intermediate circle , Outer Circle Inner Circle , Intermediate circle , Outer Circle
The benefits of a change in process are defined in terms of ________ cost savings Correct Answer Labour Labour
It is the process of selecting people for company positions and developing skills and abilities for assignments in the company Correct Answer Staffing Staffing at 5:46 AM 0 comments Links to this post
Labels: Strategic Management (Set - V) Strategic Management - 15 STRATEGIC MGMT LIST OF ATTEMPTED S AND ANSWERS
In SWOT , S stands for Correct Answer favorable condition in the organization's environment. potentials and competencies of organization.
The traditional approach towards uncertainity is Correct Answer Binary Binary
The various models of social responsibility are Correct Answer Austere Model , Vendors Model , Civic Model Austere Model , Vendors Model , Civic Model
Japan's major productivity gains are the results of social changes brought about by ________ Correct Answer Statistical quality control Michael Porter's model for Industry Analysis
The process of forecasting an organization's future demands for and supply of right type of people in right number is Correct Answer Man-power planning Man-power planning
In a ________ a decentralized structure is achieved & harmonized at the plant & area levels. Correct Answer Delegation Delegation
Numerator may bring short-term results, but there may be serious long-term sacrifices. Correct Answer False False
It indicates the degree of differentiation Correct Answer Structure Structure
Factors to be considered while deciding candidates for divestiture are Correct Answer availability of buyers , market reaction , taxes taxes , availability of buyers , market reaction
Strategic management deals with Correct Answer Business process Business process Match The Following Correct Answer Maintain strategy stable environment stable environment Market follower are imitator imitator Market challenger are bypass attack bypass attack Turnaround strategy V.R.S. V.R.S.
Financial environment is concerned with Correct Answer demand & supply of money, capital markets demand & supply of money, capital markets
Arranging training program on productivity is a strategic decision.
Correct Answer False False
This portfolio involves major capital investments which will result in either large pay offs or large losses Correct Answer Big bets Big bets
An approach that strives to follow ethical principles and percepts is Correct Answer Moral management Moral management
The reasons for acquisition are Correct Answer Increased market power , Increased diversification , Increased speed to market Increased market power , Increased diversification , Increased speed to market
A hardware manufacture enters into software is an example of ________integration. Correct Answer vertical ( forward ) horizontal Match The Following Correct Answer Crisis Management leads to organisational learning leads to organisational learning Milestone review Another method of implementation control Another method of implementation control Long and short term controls Balanced approach to evaluation Balanced approach to evaluation Variance Actual and budgeted performance Actual and budgeted performance
Undec the social goals the responsibilities with regard to employees includes prociding maximum possible satisfaction to consumer providing quality goods & services at reasonable prices. Correct Answer False False
Criteria for making an evaluation are Correct Answer Consistency with goals , Consistency with environment , Money Consistency with goals , Consistency with environment , Money
Modern Accounting uses ________ as a unit of measure Correct Answer Time Time
Investment entry mode are Correct Answer joint venture/independent ventures/subsidiaries joint venture/independent ventures/subsidiaries
Strategic management is mainly the responsibility of Correct Answer Top Management Top Management ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,
Less noise, more accuracy & more cleanliness at work are the features of : Correct Answer New technological advances New technological advances
The substitution of mechanical, hydraulic, electric and electronic devices for human organs of decision & effort is known as : Correct Answer Automation Automation
Technological advances induce : Correct Answer Deskilling of workers Deskilling of workers
To meet changing skill requirements, retraining or continuing-education programmes is better solution than additional training for the : Correct Answer Young workers Young workers
The net displacement of jobs resulting from the introduction of new technologies is called Correct Answer Technological displacement Technological displacement
Advanced technology have negative effects for white-collar workers one of which is : Correct Answer Loss of informal working relationships Loss of informal working relationships
Automation of office work will lead to : Correct Answer Intensify the pace of clerical work , Increase alienation among workers Intensify the pace of clerical work , Increase alienation among workers
Job displacement problems for workers are resulting for : Correct Answer Limits in adjustments , Retraining , Relocation programs Limits in adjustments , Retraining , Relocation programs
Advanced technology tends to disperse ________ more broadly Correct Answer Information & authority Information & authority
Rapid technological advances in the industrialized countries has no relative effect on the economies of less developed countries Correct Answer False False
Computers destroy hierarchy Correct Answer True True
Work relationship exist between : Correct Answer Employer & employee , Colleagues , Suppliers & consumers Employer & employee , Colleagues , Suppliers & consumers
Automated technology has ________ effect on wider social issues Correct Answer Little Little
Leisure values are increasingly influencing work Correct Answer True True
Match The Following Correct Answer Extension pattern Work extends into leisure Work extends into leisure
Neutrality pattern A fairly clear distinction is made between work & leisure A fairly clear distinction is made between work & leisure Opposition pattern Work is sharply distinguished from leisure Work is sharply distinguished from leisure Job enlargement Increases the worker's area of responsibility Increases the worker's area of responsibility
Over-protective labour legislation resulted into : Correct Answer The payment of wages not based directly on production , Not directly connected with individual efforts The payment of wages not based directly on production , Not directly connected with individual efforts
The occupation of women are restricted to : Correct Answer Nursing , Teaching , Packing Nursing , Teaching , Packing
During the early stage of industrialization, the factory replaced the family as the unit of production Correct Answer True True
In the ideal type of the enterprises, labeled as 'An open international economy', the key characteristic is that they retain strong links to: Correct Answer Particular national locations Particular national locations
Consultative form of participation in Swedon is called as : Correct Answer National economic planning boards National economic planning boards
Barriers to job redesign are : Correct Answer Large organizational size , Opposition from supervisors & middle level managers , Desire to control investments with neglect of employment growth Small organizational size , Opposition from supervisors & middle level managers
In marginal sector, worker's participation is adversely affected because of : Correct Answer Little unionization , Lack of sufficient bargaining strength , Threat of technological displacements for workers Little unionization , Lack of sufficient bargaining strength , Threat of technological displacements for workers
The average span of life spent in the labour force has decreased because of : Correct Answer More years spent in getting education , Earlier retirement More years spent in getting education , Earlier retirement
HE' vision of future forsee gives more importance to ________ values & goals Correct Answer Quantitative Quantitative
The Affluent Society may be considered as the economic & social counterpart of ________ society Correct Answer Cybernetic Cybernetic
To engage workers' fullest abilities in innovative structure requires that they have full freedom to design their work & sharing in decision making Correct Answer True True
Large corporations exploit customers through : Correct Answer High prices , Production of shoddy goods which degrade the environment High prices , Production of shoddy goods which degrade the environment
Match The Following Correct Answer Predatory pricing Monopoly firms intentionally underbid competitors to drive them out Monopoly firms intentionally underbid competitors to drive them out Collaborative pricing Informal agreements to hold prices at a specified level Informal agreements to hold prices at a specified level Merger Acquisition of other firms for corporate growth Acquisition of other firms for corporate growth Diversification Large firms diversify across a variety of industries Large firms diversify across a variety of industries
In Central & South America, the removal of small producers from the land & concentration of land ownership in large plantation was known as : Correct Answer Latifundia Latifundia
Position of United State has slipt dramatically as a producer of industrial goods since 1960 Correct Answer True True
Work in the post-industrial society will be overwhelmingly : Correct Answer White-collar White-collar
In information era, a larger proportion of income will be spent on : Correct Answer Personal services Personal services
In Japanese corporate system, absence of ________ makes possible highly flexible organizational structures Correct Answer Rigid specialization Rigid specialization
Work is changing its meaning for people in a ________ Correct Answer Consumption-oriented economy Consumption-oriented economy
The industrial mode of production has given rise to an economic organization which influences all arts of society Correct Answer True True
The study of groups as well as the individuals from the point of view of social interaction & structure is called : Correct Answer Psycho-sociology Psycho-sociology
Individualism implies reliance on : Correct Answer Individual effort , Free contract , Personal solvency Individual effort , Free contract , Personal solvency
In place of ________ two classes emerged such as merchant capitalists & putting-out system. Correct Answer Free artisans Free artisans
During the Hawthorne experiments, Elton mayo & his men neglected the effects of increasing depression on workers, which were : Correct Answer Psychological , Social Psychological , Economical , Social
Departments not directly concerned with production are often considered under the title : Correct Answer Staff departments Staff departments
Authority in General staff relationship is : Correct Answer Representative Representative
To meet organizational aims, those who run it must have the ability for power to : Correct Answer Create & maintain a co-ordinated production system , Mobilize a working force , Handle external pressure Create & maintain a co-ordinated production system , Mobilize a working force , Handle external pressure
Most workers' jobs are semi-skilled or unskilled Correct Answer True True
The big boss or chief is primarily concerned with : Correct Answer Growth & survival of the work plant Growth & survival of the work plant
The line supervisor has become more & more like a staff supervisor because the internal differences in the important functions are diminished Correct Answer True True
The set of rules & procedures for the workers and machinery that produce a good or service is known as : Correct Answer Operations technology Operations technology
Centralization of decision making include ________ made by one or a few persons at the top of the organization Correct Answer Key decisions Day-to-day decisions

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It is the process of selecting people for company positions and developing skills and abilities for assignments in the

Correct Answer True True

Arranging training program on productivity is a strategic decision. Correct Answer False

Scheduling is a part of strategic management. Correct Answer False

Program is a combination of Correct Answer goals , policies , procedures

T in SWOT, refers to Correct Answer unfavorable conditions in external environment.

Strategic management deals with Correct Answer Business process

Getting new users is a position defense strategy. Correct Answer False

Strategic management is concerned with Correct Answer long- range planning

Scheduling is a part of strategic management. Correct Answer False False

Correct Answer True True

Strategic management is concerned with

Correct Answer long- range planning long- range planning

LIST OF ATTEMPTED S AND ANSWERS

Macro environment Correct Answer Political- legal , socio-cultural , economic-demographic

Political- legal , socio-cultural , economic-demographic , technology

Correct Answer Audit committee Audit committee

Correct Answer True True

Systems are formal and informal rules and regulations that

complements the company structure Correct Answer True True

Macro environment has got immediate impact on business.

Correct Answer False True

Match The Following Correct Answer

Consistency with goals , Consistency with environment , Knowledge

Control should involve________ amount of information. Correct Answer Minimum Maximum

Scheduling is a part of strategic management. Correct Answer False True

In SWOT , S stands for Correct Answer favorable condition in the organization's

environment. potentials and competencies of organization.

Core purpose Correct Answer mission mission

Mission Correct Answer philosophy, public image target

Denominator management Correct Answer cost reduction cost reduction

Correct Answer False True

Japan's major productivity gains are the results of social

Scheduling is a part of strategic management. Correct Answer False True

Standards of performance act as the benchmark against which

the actual performance is compared. Correct Answer True True

All policies are 'statements' Correct Answer False False

Staffing function applies to all company levels irrespective

of levels of hierarchy Correct Answer True True

Strategic management is mainly the responsibility of

Correct Answer Top Management Top Management

Scheduling is a part of strategic management. Correct Answer False False

opportunities the market offers Correct Answer Adapters Adapters

Technical skills , Cognitive skills , Integrity

Correct Answer operational decisions operational decisions

Scheduling is a part of strategic management. Correct Answer False False

Correct Answer vision vision

Macro environment has got immediate impact on business.

Correct Answer False False

LIST OF ATTEMPTED S AND ANSWERS

Performance is affected by Correct Answer

Factors encouraging joint ventures are

Limitations of Traditional cost accounting are

Correct Answer Capital structure planning Capital structure planning

the market offers Correct Answer Adapters Adapters

Core purpose Correct Answer mission mission

Expansion strategy means Correct Answer growth growth

Economics of scale requires ________.

Correct Answer high market share high market share

Factors determining HRP (Human Resource Planning )

Correct Answer Control mechanism , Departmentalisation Control mechanism , Departmentalisation

It concentrates on organisation design and work flow Correct Answer Flotilla

Mission Correct Answer philosophy, public image philosophy, public image