Management Questions
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Stability Strategy is a ------------- Strategy : A. Corporate level B. Business level C. Functional level D. Strategic level
In terms of culture, which of the following would be identifiable as an artefact.a. A company logob. A presumption about a customer segmentc. Core operational ruled. An organisations reputation
Which of the following is NOT a major element of the strategic management process?a. Formulating strategyb. Implementing strategyc. Evaluating strategyd. Assigning administrative tasks
Strategy is developed by the visionary Chief Executive in------- mode of Str.Management : A. Planning mode B. Adaptive mode C. Strategic mode D. Entrepreneurial mode
What are the means by which long-term objectives could be achieved? A. Strategies B. Policies C. Strengths D. Opportunities
When defining Strategic Management, the most important issue to remember is that it is: A. Not as easy as one thinks B. A way of determining responsibilities C. A living evolving process D. More conceptual than practical
Competitive advantage can best be described as:a. increased efficiency.b. what sets an organization apart.c. a strength of the organization.d. intangible resources
Which of the following is an issue considered in developing corporate strategies?a. What business(es) are we in?b. What direction are we going?c. What resources do we have to implement our strategies?d. What businesses are we in and what to do with those businesses?
Contextual Ambidexterity, as defined by Gibson and Birkinshaw (2004) is based on a. Structural Separationb. Temporal Cyclingc. Concurrent alignment and adaptabilityd. Accepting the trade-off between exploitation and exploration
Red Ocean strategy is typically characterized by a firm trying toa. Creating uncontested market spaceb. Beating the competitionc. Making the competition irrelevantd. Breaking the value cost trade off
Which of the following is not a characteristic of strategic management that makes it different fromother types of management?a. It is interdisciplinary.b. It has an external focus.c. It has an internal focus.d. It concerns the present direction of the organization.
The primary focus of strategic management is:a. strategic analysisb. the total organisationc. strategy formulationd. strategy implementation.
Various Organizational routines & processes that determines how efficiently and effectively the Organization transforms it's inputs into outputs is called: A. Strength B. Core Competencies C. Capabilities D. Customer Value
Which of the following defines what business the Firm is in or should be in? A. Business Strategy B. Corporate Strategy C. Functional Strategy D. Financial Strategy
Incomplete information would be associate with which concept.a. Dynamic capabilities.b. Bounded rationality.c. VRIN frameworkd. Resource product matrix
Which of the following is NOT a major element of Strategic Management process? A. Formulating Strategy B. Implementing Strategy C. Evaluating Strategy D. Assigning administrative Tasks
The primary focus of Strategic Management is A. Strategic Analysis B. The total Organization C. Strategy formulation D. Strategy implementation
A freemium business model is reflected by which of the following statements?a. Offering a basic product/service without cost, but charging for a higher tiered versionb. Selling direct to the consumer, and sidestepping middlemenc. Charging for usage as opposed to a flat sumd. Packaging goods and services together.
The fundamental purpose of an organization's mission statement is toa. create a good human relations climate in the organizationb. define the organization's purpose in societyc. define the operational structure of the organizationd. generate good public relations for the organization
The acronym SWOT stands for : A. Strong, Weak, Occasion, Traits B. Services, Worldwide, Optimization, Transport C. Strengths, Worldwide, Overcome, Threats D. Strengths, Weaknesses, Opportunities, Threats