Professional Documents
Culture Documents
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
Your Answer Identifies quality and productivity from a production process , Identifies
impact of any change on performance , Integrates manufacturing with
business strategy
True/False
Question HR implementation involues a series of action programme like production,
estimation of raw materials, labour & machine hours.
Correct Answer False
Correct Answer govt. policies, stability, philosophy of govt. , legal system, implementation,
infrastructure , import-export
Your Answer govt. policies, stability, philosophy of govt. , legal system, implementation,
infrastructure , import-export
True/False
Question Counterfeiter copy but with a difference that can be seen.
True/False
Question The actual performance deviates positively over the budgeted performanve.
This is an indication of superior performance
Correct Answer True
True/False
Question Macro environment has got immediate impact on business.
Your Answer Conceptual, human & intellectual skills , Decision making ability ,
communication skills
True/False
Question Scheduling is a part of strategic management.
Correct Answer between a buyer and a seller , to avail tax concessions , to increase growth
rates
Your Answer between a buyer and a seller , to increase growth rates , to end rivalry
between the two
Correct Answer clarity in strategy & responsibilities , blending cultures , provide for an exit
strategy
Your Answer clarity in strategy & responsibilities , blending cultures
Correct Answer Trust & fairness , Changed Management , Integrity & thoughtfulness
Your Answer Trust & fairness , Changed Management , Integrity & thoughtfulness
Gap analysis Difference between desired and Difference between desired and
projected performance projected performance
Corporate parenting Managing SBU's by a corporate Managing SBU's by a corporate
Heartland business Give the highest priority Give the highest priority
True/False
Question Standards of performance act as the benchmark against which the actual
performance is compared.
Correct Answer True
True/False
Question Change in company's strategy gives rise to problems necessitating a new
structure to be made
Correct Answer True
True/False
Question Divestiture is opposed to diversification.
Environmental Analysis Social, Political, legal & Social, Political, legal & technology
technology
Swot Analysis Matching, converting, minimizing Availability of resources
& avoiding strategies
True/False
Question The actual performance matches the budgeted performance. This is a
realistic situation.
Correct Answer False
Correct Answer Operational level system , Knowledge level system , Management level
system
Your Answer Knowledge level system , Management level system , Operational level
system
Correct Answer 9
Your Answer 4
True/False
Question Arranging training program on productivity is a strategic decision.
Correct Answer Type & Strategy of organisation , Environmental uncertainties , Type &
quality of information
Your Answer Type & Strategy of organisation , Environmental uncertainties , Type &
quality of information
True/False
Question The super structure indicates ways in which company's tasks are
integrated or coordinated
True/False
Question Change in company structure from divisional to matrix also mean
changes in the systems in various degrees
Correct Answer True
True/False
Question The environment of any organization is "the aggregate of all conditions,
events and influences that surround and affect it."
Correct Answer True
True/False
Question Acquisitions which are friendly are termed as "take-overs".
True/False
Question Companies have strenghts in a number of areas but their key strength
are few in number
Correct Answer True
Your Answer True
True/False
Question Environmental competitiveness tends to encourage ethical behaviour.
Correct Answer Vital ingredient in determinig it's future , Yields growth, profits etc , may
result in disaster if inappropriate
Your Answer Vital ingredient in determinig it's future , Yields growth, profits etc , may
result in disaster if inappropriate
True/False
Question Under functional strategics we have vertical fit & horizontal fit.
Correct Minimum
Answer
Your Answer Maximum
Correct mission
Answer
Your Answer strategy
True/False
Question Three C's affecting today's companies are customer, competition & change
Correct True
Answer
Your Answer True
True/False
Question The super structure indicates ways in which company's tasks are integrated or
coordinated
Correct True
Answer
Your Answer True
True/False
Question The actual performance matches the budgeted performance. This is a realistic situation.
Correct False
Answer
Your Answer False
True/False
Question Excelling in one market guarantees success in a new.
Correct False
Answer
Your Answer False
Correct dividing environment into sectors , sub factors , analyze impact of each sector & sub
Answer factor on organization , description of impact of each subfactor into a statement which is
positive, neutral or negative.
Your 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.
True/False
Question Scheduling is a part of strategic management.
Correct False
Answer
Your Answer False
True/False
Question Micro environment is the internal environment of a company.
Correct False
Answer
Your Answer True
Correct Personal
Answer
Your Answer Personal
True/False
Question The key principle of moral management is "Can we make money with this action decision
or behaviour"?
Correct False
Answer
Your Answer False
True/False
Question Environmental competitiveness tends to encourage ethical behaviour.
Correct False
Answer
Your Answer True
True/False
Question Systems are formal and informal rules and regulations that complements the company
structure
Correct True
Answer
Your Answer True
Correct Assumes factory as an isolated entity , It measures only the cost of producing
Answer
Your Answer Assumes factory as an isolated entity , It measures only the cost of producing
Correct Systems
Answer
Your Answer Statistical quality control
True/False
Question Three C's affecting today's companies are customer, competition & change
True/False
Question Getting new users is a position defense strategy.
True/False
Question Scheduling is a part of strategic management.
Correct Answer end user specialist , specific customer specialist , geographic specialist
Your Answer end user specialist , specific customer specialist , geographic specialist ,
research specialist
True/False
Question 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
Your Answer More dogs , Less dogs , Few stars , More stars
True/False
Question Arranging training program on productivity is a strategic decision.
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
Your Answer Identifies quality and productivity from a production process , Identifies
impact of any change on performance , Integrates manufacturing with
business strategy , Instantly spots malfunctions and show where they occur
Multiple Choice Single Answer
Question Expansion strategy means
True/False
Question The actual performance matches the budgeted performance. This is a
realistic situation.
Correct Answer False
True/False
Question Divestiture is opposed to diversification.
True/False
Question The environment of any organization is "the aggregate of all conditions,
events and influences that surround and affect it."
Correct Answer True
True/False
Question Environmental competitiveness tends to encourage ethical behaviour.
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.
Your Answer dividing environment into sectors , sub factors , analyze impact of each
sector & sub factor on organization , impact of organization on each sector ,
description of impact of each subfactor into a statement which is positive,
neutral or negative.
Correct Answer govt. policies, stability, philosophy of govt. , legal system, implementation,
infrastructure , import-export
Your Answer govt. policies, stability, philosophy of govt. , legal system, implementation,
infrastructure , import-export , internal inadequacies
Correct Answer quality & no. of suppliers , logistics , raw material , trends and rate of
change of technology
Your Answer quality & no. of suppliers , logistics , raw material , impact of organization on
each sector , trends and rate of change of technology
True/False
Question Scheduling is a part of strategic management.
strategic alliances means two or more entities join hands two or more entities join hands for
for mutual benefit. mutual benefit.
vertical forward integration means becoming your own customer becoming your own customer
horizontal integration means additional product/service for additional product/service for same
same customers customers
vertical backward integration becoming your own supplier becoming your own supplier
means
Correct Answer clarity in strategy & responsibilities , blending cultures , provide for an exit
strategy
Your Answer blending cultures , provide for an exit strategy , clarity in strategy &
responsibilities
Your Answer Conceptual, human & intellectual skills , Decision making ability , Vision
True/False
Question Acquisitions which are friendly are termed as "take-overs".
True/False
Question Timing of measurement before hand serves the purpose of evaluation.
True/False
Question All policies are 'statements'
True/False
Question Style of a company are the patterns of actions taken by members of top
management over a period of time
Correct Answer True
True/False
Question The environment of any organization is "the aggregate of all conditions,
events and influences that surround and affect it."
Correct Answer True
True/False
Question Business ethics is how personal norms do not apply to activities & goals of a
commercial firm.
Correct Answer False
True/False
Question The key principle of moral management is "Can we make money with this
action decision or behaviour"?
Correct Answer False
Correct dividing environment into sectors , sub factors , analyze impact of each sector & sub
Answer factor on organization , description of impact of each subfactor into a statement which is
positive, neutral or negative.
Your 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.
Correct Strategy
Answer
Your Answer Strategy
Correct Systems
Answer
Your Answer Systems
True/False
Question Scheduling is a part of strategic management.
Correct False
Answer
Your Answer False
Role of consultants Hired for specialized for new Link between company & external
business or expertise environment
Role of Chief Executive Officer Responsible right from Responsible right from formulation
formulation / implementation to / implementation to review of
review of strategic management strategic management
Role of SUB-level Executive More focussed on product line & Important link between
responsible for the co-ordination strategizing & implementation
between SUBs & Senior
managements
True/False
Question The actual performance deviates positively over the budgeted performanve. This is an
indication of superior performance
Correct True
Answer
Your Answer True
Correct Time
Answer
Your Answer Time
Horizontal integration means Additional product/service for Additional product/service for same
same customers customers
Vertical forward integration Becoming your own customer Becoming your own customer
means
Position defense means Fortification around one's territory Fortification around one's territory
True/False
Question Excelling in one market guarantees success in a new.
Correct False
Answer
Your Answer False
True/False
Question Arranging training program on productivity is a strategic decision.
Correct False
Answer
Your Answer False
True/False
Question Change in company's strategy gives rise to problems necessitating a new structure to be
made
Correct True
Answer
Your Answer True
Correct govt. policies, stability, philosophy of govt. , legal system, implementation, infrastructure
Answer , import-export
Your Answer govt. policies, stability, philosophy of govt. , legal system, implementation, infrastructure
, import-export
True/False
Question Three C's affecting today's companies are customer, competition & change
Correct True
Answer
Your Answer True
Correct Identifies quality and productivity from a production process , Identifies impact of any
Answer change on performance , Instantly spots malfunctions and show where they occur
Your Answer Identifies quality and productivity from a production process , Identifies impact of any
change on performance , Instantly spots malfunctions and show where they occur
Correct quality & no. of suppliers , logistics , raw material , trends and rate of change of
Answer technology
Your Answer quality & no. of suppliers , logistics , raw material , trends and rate of change of
technology
Select The Blank
Question ________ is the company's most critical and scarest resource.
Correct Capital
Answer
Your Answer Capital
True/False
Question Companies have strenghts in a number of areas but their key strength are few in number
Correct True
Answer
Your Answer True
True/False
Question The environment of any organization is "the aggregate of all conditions, events and
influences that surround and affect it."
Correct True
Answer
Your Answer True
True/False
Question Business ethics is how personal norms do not apply to activities & goals of a commercial
firm.
Correct False
Answer
Your Answer True
Correct mission
Answer
Your Answer mission
True/False
Question Changes in company structure also necessitates changes in the systems in various
degrees
Correct True
Answer
Your Answer True
True/False
Question Counterfeiter copy but with a difference that can be seen.
Correct False
Answer
Your Answer False
SM assgn : Gaurav
True/False
Question Arranging training program on productivity is a strategic decision.
Vertical forward integration Becoming your own customer Becoming your own customer
means
Position defense means Fortification around one's territory Fortification around one's territory
Horizontal integration means Additional product/service for Additional product/service for same
same customers customers
Correct Answer uneconomical separate existence , risk of business gets shared , sharing
competence of each other
Your Answer uneconomical separate existence , risk of business gets shared , sharing
competence of each other
True/False
Question HR implementation involues a series of action programme like production,
estimation of raw materials, labour & machine hours.
Correct Answer False
True/False
Question Macro environment has got immediate impact on business.
True/False
Question Acquisitions which are friendly are termed as "take-overs".
True/False
Question Focused company is generally protected from competition.
Your Answer Conceptual, human & intellectual skills , Decision making ability ,
communication skills
True/False
Question Changes in company structure also necessitates changes in the systems in
various degrees
Correct Answer True
Correct Answer Assumes factory as an isolated entity , It measures only the cost of producing
Your Answer Assumes factory as an isolated entity , It measures only the cost of producing
True/False
Question Change in company's strategy gives rise to problems necessitating a new
structure to be made
Correct Answer True
True/False
Question Reciprocal responsibility means equal blames and credit.
True/False
Question Micro environment is the internal environment of a company.
Correct Answer Trust & fairness , Changed Management , Integrity & thoughtfulness
Your Answer Trust & fairness , Changed Management , Integrity & thoughtfulness
True/False
Question Reciprocal responsibility means equal blames and credit.
True/False
Question Numerator may bring short-term results, but there may be serious long-term
sacrifices.
Correct Answer False
True/False
Question Three C's affecting today's companies are customer, competition & change
True/False
Question According to Michael Porter, the core of efficiency management is strategy.
Your Answer multinational model , international model , global organizational model , local
model
True/False
Question All policies are 'statements'
True/False
Question Timing of measurement before hand serves the purpose of evaluation.
Correct Answer Assumes factory as an isolated entity , It measures only the cost of producing
Your Answer Assumes factory as an isolated entity , It measures only the cost of producing
, It uses time as a unit of measure , Savings are in terms of time saved
True/False
Question Scheduling is a part of strategic management.
True/False
Question The environment of any organization is "the aggregate of all conditions,
events and influences that surround and affect it."
Correct Answer True
True/False
Question Systems are formal and informal rules and regulations that complements the
company structure
Correct Answer True
Correct Answer uneconomical separate existence , risk of business gets shared , sharing
competence of each other
Your Answer risk of business gets shared , sharing competence of each other
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.
Your 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.
Your Answer Conceptual, human & intellectual skills , Decision making ability ,
communication skills
Your Answer Consistency with goals , Consistency with environment , Money , Knowledge
True/False
Question Labour satisfaction may result in unethical behaviour as anger.
True/False
Question Excelling in one market guarantees success in a new.
Correct Answer quality & no. of suppliers , logistics , raw material , trends and rate of
change of technology
Your Answer quality & no. of suppliers , logistics , raw material , trends and rate of
change of technology
True/False
Question The actual performance deviates positively over the budgeted
performanve. This is an indication of superior performance
Correct Answer True
True/False
Question Scheduling is a part of strategic management.
True/False
Question The environment of any organization is "the aggregate of all
conditions, events and influences that surround and affect it."
Correct Answer True
True/False
Question Budgets are plans expressed in numerical terms usually in financial
terms
Correct Answer True
True/False
Question Scheduling is a part of strategic management.
True/False
Question Companies have strenghts in a number of areas but their key
strength are few in number
Correct Answer True
True/False
Question Business ethics is how personal norms do not apply to activities &
goals of a commercial firm.
Correct Answer False
True/False
Question The super structure indicates ways in which company's tasks are
integrated or coordinated
Correct Answer True
Gap analysis Difference between desired and Difference between desired and
projected performance projected performance
Corporate parenting Managing SBU's by a corporate Managing SBU's by a corporate
Heartland business Give the highest priority Give the highest priority
True/False
Question The actual performance matches the budgeted performance. This is a
realistic situation.
Correct Answer False
Your Answer PR
True/False
Question Environmental competitiveness tends to encourage ethical behaviour.
Correct Answer Vital ingredient in determinig it's future , Yields growth, profits etc , may
result in disaster if inappropriate
Your Answer Vital ingredient in determinig it's future , Yields growth, profits etc , may
result in disaster if inappropriate
Correct Answer uneconomical separate existence , risk of business gets shared , sharing
competence of each other
Your Answer uneconomical separate existence , risk of business gets shared , sharing
competence of each other
True/False
Question Arranging training program on productivity is a strategic decision.
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
Your Answer Identifies impact of any change on performance , Instantly spots
malfunctions and show where they occur , Identifies quality and productivity
from a production process
True/False
Question Under functional strategics we have vertical fit & horizontal fit.
Correct Answer trends and rate of change of technology , quality & no. of suppliers , logistics
, raw material
Your Answer quality & no. of suppliers , logistics , raw material , trends and rate of change
of technology
True/False
Question Systems are formal and informal rules and regulations that complements the
company structure
Correct Answer True
True/False
Question HR implementation involues a series of action programme like production,
estimation of raw materials, labour & machine hours.
Correct Answer False
True/False
Question Macro environment has got immediate impact on business.
Rules Spell out specific action or non- Spell out specific action or non-
action action
True/False
Question Focused company is generally protected from competition.
True/False
Question The actual performance deviates positively over the budgeted performanve.
This is an indication of superior performance
Correct Answer True
Correct Answer Type & Strategy of organisation , Environmental uncertainties , Type &
quality of information
Your Answer Type & Strategy of organisation , Environmental uncertainties , Type &
quality of information
True/False
Question Environmental competitiveness tends to encourage ethical behaviour.
Correct Answer Trust & fairness , Changed Management , Integrity & thoughtfulness
Your Answer Trust & fairness , Changed Management , Integrity & thoughtfulness
True/False
Question The key principle of moral management is "Can we make money with this
action decision or behaviour"?
Correct Answer False
True/False
Question Three C's affecting today's companies are customer, competition & change
True/False
Question Companies have strenghts in a number of areas but their key strength are
few in number
Correct Answer True
True/False
Question Companies have strengths in a number of areas but their key strength are few in number
Correct Answer True
True/False
Question All policies are 'statements'
Correct Answer False
True/False
Question The super structure indicates ways in which company's tasks are integrated or coordinated
Correct Answer True
True/False
Question Counterfeiter copy but with a difference that can be seen.
Correct Answer False
True/False
-1 -
ND
-2 - STRATEGIC MANAGEMENT 2 SEM
Question Change in company's strategy gives rise to problems necessitating a new structure to be made
Correct Answer True
True/False
Question Macro environment has got immediate impact on business.
Correct Answer False
-2 -
ND
-3 - STRATEGIC MANAGEMENT 2 SEM
Question The decisions which are relate to daily decisions like leave records etc. which are mundane in
nature & highly routines & can be done at a junior level are
Correct Answer operational decisions
True/False
Question Style of a company are the patterns of actions taken by members of top management over a
period of time
Correct Answer True
True/False
Question Changes in company structure also necessitates changes in the systems in various degrees
Correct Answer True
-3 -
ND
-4 - STRATEGIC MANAGEMENT 2 SEM
Question The key principle of moral management is "Can we make money with this action decision or
behaviour"?
Correct Answer False
True/False
Question Budgets are plans expressed in numerical terms usually in financial terms
Correct Answer True
-4 -
ND
-5 - STRATEGIC MANAGEMENT 2 SEM
True/False
Question Scheduling is a part of strategic management.
Correct Answer False
-5 -
ND
-6 - STRATEGIC MANAGEMENT 2 SEM
Policies General statements and Combination of goals, policies, rules
understanding which, guide thinking
in decision-making
Procedures Are plans and a guide to action General statements and
understanding which, guide thinking
in decision-making
Rules Spell out specific action or non- Are plans and a guide to action
action
Programs Combination of goals, policies, rules Is a statement of expected resultsin
numbers
Select The Blank
Question The benefits of a change in process are defined in terms of ________ cost savings
Correct Answer Labour
True/False
Question 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
-6 -
ND
-7 - STRATEGIC MANAGEMENT 2 SEM
Question Modern Accounting uses ________ as a unit of measure
Correct Answer Time
True/False
Question Divestiture is opposed to diversification.
Correct Answer False
True/False
Question The environment of any organization is "the aggregate of all conditions, events and
influences that surround and affect it."
Correct Answer True
Multiple Choice Single Answer
Question Secondary sources of information are
Correct Answer newspapers, magazines, journals etc.
True/False
Question Environmental competitiveness tends to encourage ethical behaviour.
Correct Answer False
-7 -
ND
-8 - STRATEGIC MANAGEMENT 2 SEM
Select The Blank
Question The ________ are distinct little business set up as units in a larger company
Correct Answer Strategic business Units
True/False
Question Numerator may bring short-term results, but there may be serious long-term sacrifices.
Correct Answer False
-8 -
ND
-9 - STRATEGIC MANAGEMENT 2 SEM
Turnaround strategy V.R.S. bypass attack
Maintain strategy stable environment stable environment
Multiple Choice Multiple Answer
Question The control process requires the following types of information
Correct Answer Planned performance , Variances , Reasons
True/False
Question Scheduling is a part of strategic management.
Correct Answer False
True/False
Question Staffing function applies to all company levels irrespective of levels of hierarchy
Correct Answer True
True/False
Question Macro environment has got immediate impact on business.
Correct Answer False
True/False
Question Micro environment is the internal environment of a company.
-9 -
ND
- 10 - STRATEGIC MANAGEMENT 2 SEM
Correct Answer Minimum
True/False
Question Reciprocal responsibility means equal blames and credit.
Correct Answer False
True/False
Question Excelling in one market guarantees success in a new.
Correct Answer False
True/False
Question Adapter duplicate the leader and claim to be similar or even the same.
Correct Answer False
- 10 -
ND
- 11 - STRATEGIC MANAGEMENT 2 SEM
Correct Answer Conceptual, human & intellectual skills , Decision making ability , Vision
True/False
Question Timing of measurement before hand serves the purpose of evaluation.
Correct Answer False
True/False
Question According to Michael Porter, the core of efficiency management is strategy.
Correct Answer True
True/False
Question Arranging training program on productivity is a strategic decision.
- 11 -
SM assgn : Hemant
Multiple Choice Single Answer
Question Secondary sources of information are
True/False
Question Changes in company structure also necessitates changes in the systems in various
degrees
Correct True
Answer
Your Answer True
Correct Conceptual, human & intellectual skills , Decision making ability , Vision
Answer
Your Answer Conceptual, human & intellectual skills , Decision making ability , Vision
Correct Operational level system , Knowledge level system , Management level system
Answer
Your Answer Operational level system , Knowledge level system , Management level system
Correct govt. policies, stability, philosophy of govt. , legal system, implementation, infrastructure
Answer , import-export
Your Answer govt. policies, stability, philosophy of govt. , legal system, implementation, infrastructure
, import-export
Correct Conceptual, human & intellectual skills , Decision making ability , Vision
Answer
Your Answer Conceptual, human & intellectual skills , Decision making ability , Vision
Correct clarity in strategy & responsibilities , blending cultures , provide for an exit strategy
Answer
Your Answer provide for an exit strategy , clarity in strategy & responsibilities , blending cultures
True/False
Question Environmental competitiveness tends to encourage ethical behaviour.
Correct False
Answer
Your Answer False
Correct Personal
Answer
Your Answer Personal
Multiple Choice Single Answer
Question T in SWOT, refers to
True/False
Question According to Michael Porter, the core of efficiency management is strategy.
Correct True
Answer
Your Answer True
Correct Shapers
Answer
Your Answer Shapers
True/False
Question Systems are formal and informal rules and regulations that complements the company
structure
Correct True
Answer
Your Answer True
True/False
Question Style of a company are the patterns of actions taken by members of top management
over a period of time
Correct True
Answer
Your Answer True
Correct Capital
Answer
Your Answer Capital
Correct Leaders
Answer
Your Answer Leaders
True/False
Question Excelling in one market guarantees success in a new.
Correct False
Answer
Your Answer False
Correct Structure
Answer
Your Answer Structure
Correct False
Answer
Your Answer False
Correct Labour
Answer
Your Answer Labour
True/False
Question Counterfeiter copy but with a difference that can be seen.
Correct False
Answer
Your Answer False
True/False
Question Three C's affecting today's companies are customer, competition & change
Correct True
Answer
Your Answer True
True/False
Question Under functional strategics we have vertical fit & horizontal fit.
Correct True
Answer
Your Answer True
Correct between a buyer and a seller , to avail tax concessions , to increase growth rates
Answer
Your Answer between a buyer and a seller , to avail tax concessions , to increase growth rates
Correct Minimum
Answer
Your Answer Minimum
SM assgn : Hemant
Multiple Choice Single Answer
Question Denominator management
True/False
Question Adapter duplicate the leader and claim to be similar or even the same.
Correct Answer dividing environment into sectors , sub factors , analyze impact of each secto r &
sub factor on organization , description of impact of each subfactor into a
statement which is positive, neutral or negative.
Your 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.
True/False
Question Macro environment has got immediate impact on business.
True/False
Question Change in company's strategy gives rise to problems necessitating a new
structure to be made
Correct Answer True
True/False
Question The environment of any organization is "the aggregate of all conditions, events
and influences that surround and affect it."
Correct Answer True
True/False
Question Standards of performance act as the benchmark against which the actual
performance is compared.
Correct Answer True
Correct Answer Increased market power , Increased diversification , Increased speed to market
Your Answer Increased market power , Increased diversification , Increased speed to market
Correct Answer Assumes factory as an isolated entity , It measures only the cost of producing
Your Answer Assumes factory as an isolated entity , It measures only the cost of producing
True/False
Question Companies have strenghts in a number of areas but their key strength are few in
number
Correct Answer True
Role of Chief Executive Officer Responsible right from Link between company & external
formulation / implementation to environment
review of strategic management
Role of SUB-level Executive More focussed on product line & Important link between
responsible for the co-ordination strategizing & implementation
between SUBs & Senior
managements
Role of consultants Hired for specialized for new Hired for specialized for new
business or expertise business or expertise
Select The Blank
Question The ________ are distinct little business set up as units in a larger company
True/False
Question Arranging training program on productivity is a strategic decision.
True/False
Question The actual performance deviates positively over the budgeted performanve. This
is an indication of superior performance
Correct Answer True
True/False
Question Labour satisfaction may result in unethical behaviour as anger.
True/False
Question Scheduling is a part of strategic management.
True/False
Question Standards of performance act as the benchmark against which the actual
performance is compared.
Correct Answer True
Environmental Analysis Social, Political, legal & Social, Political, legal & technology
technology
Swot Analysis Matching, converting, minimizing Matching, converting, minimizing &
& avoiding strategies avoiding strategies
Marketing strategy Life cycle considerations Life cycle considerations
True/False
Question Labour satisfaction may result in unethical behaviour as anger.
True/False
Question Divestiture is opposed to diversification.
True/False
Question Arranging training program on productivity is a strategic decision.
True/False
Question Business ethics is how personal norms do not apply to activities & goals of a
commercial firm.
Correct Answer False
Correct Answer Operational level system , Knowledge level system , Management level
system
Your Answer Operational level system , Knowledge level system , Management level
system
True/False
Question Counterfeiter copy but with a difference that can be seen.
Board of Directors Link between company & external Link between company & external
environment environment
Profit centers S.B.U. s S.B.U. s
Correct Answer Assumes factory as an isolated entity , It measures only the cost of
producing
Your Answer Assumes factory as an isolated entity , It measures only the cost of
producing
Correct Answer Vital ingredient in determinig it's future , Yields growth, profits etc , may
result in disaster if inappropriate
Your Answer Vital ingredient in determinig it's future , Yields growth, profits etc , may
result in disaster if inappropriate
True/False
Question Three C's affecting today's companies are customer, competition & change
True/False
Question All policies are 'statements'
True/False
Question Scheduling is a part of strategic management.
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.
Your 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.
True/False
Question Staffing function applies to all company levels irrespective of levels of
hierarchy
Correct Answer True
True/False
Question Adapter duplicate the leader and claim to be similar or even the same.
Correct Answer govt. policies, stability, philosophy of govt. , legal system, implementation,
infrastructure , import-export
Your Answer govt. policies, stability, philosophy of govt. , legal system, implementation,
infrastructure
True/False
Question Change in company structure from divisional to matrix also mean changes in
the systems in various degrees
Correct Answer True
True/False
Question Changes in company structure also necessitates changes in the systems in
various degrees
Correct Answer True
Your Answer Conceptual, human & intellectual skills , Decision making ability , Vision
strategic alliances means two or more entities join hands two or more entities join hands for
for mutual benefit. mutual benefit.
vertical forward integration means becoming your own customer becoming your own customer
horizontal integration means additional product/service for additional product/service for same
same customers customers
vertical backward integration becoming your own supplier becoming your own supplier
means
True/False
Question The actual performance matches the budgeted performance. This is a
realistic situation.
Correct Answer False
True/False
Question Business ethics is how personal norms do not apply to activities & goals of a
commercial firm.
Correct Answer False
True/False
Question Labour satisfaction may result in unethical behaviour as anger.
Correct Answer end user specialist , specific customer specialist , geographic specialist
Your Answer end user specialist , specific customer specialist , geographic specialist
True/False
Question Staffing function applies to all company levels irrespective of levels of
hierarchy
Correct Answer True
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.
Your 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.
True/False
Question The actual performance deviates positively over the budgeted performanve.
This is an indication of superior performance
Correct Answer True
Correct Answer Type & Strategy of organisation , Environmental uncertainties , Type &
quality of information
Your Answer Type & Strategy of organisation , Environmental uncertainties , Type &
quality of information
True/False
Question Environmental competitiveness tends to encourage ethical behaviour.
v
SM assgn
Multiple Choice Single Answer
Question Knowledge of the relationships between choices, environment & outcomes is
Correct Answer uneconomical separate existence , risk of business gets shared , sharing competence of each
other
Your Answer uneconomical separate existence , risk of business gets shared , sharing competence of each
other
True/False
Question Systems are formal and informal rules and regulations that complements the company structure
True/False
Question Getting new users is a position defense strategy.
Correct Answer Type & Strategy of organisation , Environmental uncertainties , Type & quality of
information
Your Answer Type & Strategy of organisation , Environmental uncertainties , Type & quality of
information
True/False
Question The actual performance deviates positively over the budgeted performanve. This is
an indication of superior performance
Correct Answer True
True/False
Question Staffing function applies to all company levels irrespective of levels of hierarchy
Correct Answer Distorted resource allocation , Inappropriate structure , Wrong motivational styles
Your Answer Distorted resource allocation , Inappropriate structure , Wrong motivational styles
True/False
Question Three C's affecting today's companies are customer, competition & change
Correct Answer uneconomical separate existence , risk of business gets shared , sharing
competence of each other
Your Answer uneconomical separate existence , risk of business gets shared , sharing
competence of each other
True/False
Question Systems are formal and informal rules and regulations that complements the
company structure
Correct Answer True
Correct Answer Assumes factory as an isolated entity , It measures only the cost of producing
Your Answer Assumes factory as an isolated entity , It measures only the cost of producing , It
uses time as a unit of measure
Environmental Analysis Social, Political, legal & Social, Political, legal &
technology technology
Swot Analysis Matching, converting, minimizing Life cycle considerations
& avoiding strategies
Marketing strategy Life cycle considerations Matching, converting, minimizing
& avoiding strategies
True/False
Question The actual performance matches the budgeted performance. This is a realistic
situation.
Correct Answer False
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.
Your 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.
Correct Answer Conceptual, human & intellectual skills , Decision making ability , Vision
Your Answer Conceptual, human & intellectual skills , Decision making ability , Vision
True/False
Question Acquisitions which are friendly are termed as "take-overs".
True/False
Question Macro environment has got immediate impact on business.
True/False
Question Style of a company are the patterns of actions taken by members of top management
over a period of time
Correct Answer True
Correct Answer uneconomical separate existence , risk of business gets shared , sharing competence of
each other
Your Answer uneconomical separate existence , risk of business gets shared , sharing competence of
each other
True/False
Question Systems are formal and informal rules and regulations that complements the company
structure
Correct Answer True
True/False
Question Getting new users is a position defense strategy.
Correct Answer Type & Strategy of organisation , Environmental uncertainties , Type &
quality of information
Your Answer Type & Strategy of organisation , Environmental uncertainties , Type &
quality of information
True/False
Question The actual performance deviates positively over the budgeted performanve.
This is an indication of superior performance
Correct Answer True
True/False
Question Staffing function applies to all company levels irrespective of levels of
hierarchy
Correct Answer True
True/False
Question Three C's affecting today's companies are customer, competition & change
Correct Answer uneconomical separate existence , risk of business gets shared , sharing
competence of each other
Your Answer uneconomical separate existence , risk of business gets shared , sharing
competence of each other
True/False
Question Systems are formal and informal rules and regulations that complements the
company structure
Correct Answer True
Correct Answer Assumes factory as an isolated entity , It measures only the cost of
producing
Your Answer Assumes factory as an isolated entity , It measures only the cost of
producing , It uses time as a unit of measure
Environmental Analysis Social, Political, legal & Social, Political, legal &
technology technology
Swot Analysis Matching, converting, Life cycle considerations
minimizing & avoiding
strategies
Marketing strategy Life cycle considerations Matching, converting,
minimizing & avoiding
strategies
True/False
Question The actual performance matches the budgeted performance. This is a
realistic situation.
Correct Answer False
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.
Your 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.
Your Answer Conceptual, human & intellectual skills , Decision making ability , Vision
True/False
Question Acquisitions which are friendly are termed as "take-overs".
True/False
Question Macro environment has got immediate impact on business.
True/False
Question Style of a company are the patterns of actions taken by members of top
management over a period of time
Correct Answer True
True/False
Question All policies are 'statements'
Correct Answer Increased market power , Increased diversification , Increased speed to market
Your Answer Increased market power , Increased diversification , Increased speed to market
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.
Your 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.
True/False
Question Numerator may bring short-term results, but there may be serious long-term
sacrifices.
Correct Answer False
True/False
Question Change in company structure from divisional to matrix also mean changes in the
systems in various degrees
Correct Answer True
Top level Executives Taking decisions regarding Taking decisions regarding efficient
efficient and effective allocation of and effective allocation of
resources resources
Executive summary Synopsis of marketing plan Synopsis of marketing plan
Correct Answer govt. policies, stability, philosophy of govt. , legal system, implementation,
infrastructure , import-export
Your Answer govt. policies, stability, philosophy of govt. , legal system, implementation,
infrastructure
True/False
Question Counterfeiter copy but with a difference that can be seen.
True/False
Question The actual performance matches the budgeted performance. This is a realistic
situation.
Correct Answer False
True/False
Question The actual performance deviates positively over the budgeted performanve. This
is an indication of superior performance
Correct Answer True
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
Your Answer Identifies quality and productivity from a production process , Identifies impact
of any change on performance , Instantly spots malfunctions and show where
they occur
True/False
Question Macro environment has got immediate impact on business.
True/False
Question Acquisitions which are friendly are termed as "take-overs".
Your Answer Conceptual, human & intellectual skills , Decision making ability
Correct Ethics
Answer
Your Answer Ethics
Correct IR, OB
Answer
Your Answer IR, OB
Correct Structure
Answer
Your Answer Status
True/False
Question Micro environment is the internal environment of a company.
Correct False
Answer
Your Answer False
True/False
Question Focused company is generally protected from competition.
Correct True
Answer
Your Answer True
True/False
Question The environment of any organization is "the aggregate of all conditions, events and
influences that surround and affect it."
Correct True
Answer
Your Answer True
Correct govt. policies, stability, philosophy of govt. , legal system, implementation, infrastructure
Answer , import-export
Your Answer govt. policies, stability, philosophy of govt. , legal system, implementation, infrastructure
True/False
Question The actual performance deviates positively over the budgeted performanve. This is an
indication of superior performance
Correct True
Answer
Your Answer True
True/False
Question HR implementation involues a series of action programme like production, estimation of
raw materials, labour & machine hours.
Correct False
Answer
Your Answer False
True/False
Question The environment of any organization is "the aggregate of all conditions, events and
influences that surround and affect it."
Correct True
Answer
Your Answer True
True/False
Question 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 False
Answer
Your Answer False
Ballast business Fit well but low opportunities Fit well but low opportunities
Gap analysis Difference between desired and Some fit and some misfit
projected performance
Corporate parenting Managing SBU's by a corporate Misfit with understanding of critical
success factors
Heartland business Give the highest priority Give the highest priority
Correct Conceptual, human & intellectual skills , Decision making ability , Vision
Answer
Your Answer Conceptual, human & intellectual skills , Decision making ability , Vision
Correct Vital ingredient in determinig it's future , Yields growth, profits etc , may result in
Answer disaster if inappropriate
Your Answer Vital ingredient in determinig it's future , Yields growth, profits etc , may result in
disaster if inappropriate
True/False
Question Business ethics is how personal norms do not apply to activities & goals of a commercial
firm.
Correct False
Answer
Your Answer False
Correct dividing environment into sectors , sub factors , analyze impact of each sector & sub
Answer factor on organization , description of impact of each subfactor into a statement which is
positive, neutral or negative.
Your 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.
Correct Self-discipline
Answer
Your Answer Self-Appraisal
True/False
Question Counterfeiter copy but with a difference that can be seen.
Correct False
Answer
Your Answer True
Correct Self-discipline
Answer
Your Answer Self-discipline
True/False
Question Under functional strategics we have vertical fit & horizontal fit.
Correct True
Answer
Your Answer True
Correct Structure
Answer
Your Answer Style
True/False
Question Reciprocal responsibility means equal blames and credit.
Correct False
Answer
Your Answer False
Correct False
Answer
Your Answer False
True/False
Question Budgets are plans expressed in numerical terms usually in financial terms
Correct True
Answer
Your Answer True
True/False
Question Business ethics is how personal norms do not apply to activities & goals of a commercial
firm.
Correct False
Answer
Your Answer False
True/False
Question The environment of any organization is "the aggregate of all conditions, events and
influences that surround and affect it."
Correct True
Answer
Your Answer True
Environmental Analysis Social, Political, legal & Social, Political, legal & technology
technology
Swot Analysis Matching, converting, minimizing Availability of resources
& avoiding strategies
Marketing strategy Life cycle considerations Mass segmentation
Ballast business Fit well but low opportunities Fit well but low opportunities
Gap analysis Difference between desired and Difference between desired and
projected performance projected performance
Corporate parenting Managing SBU's by a corporate Managing SBU's by a corporate
Heartland business Give the highest priority Give the highest priority
Correct dividing environment into sectors , sub factors , analyze impact of each sector & sub
Answer factor on organization , description of impact of each subfactor into a statement which is
positive, neutral or negative.
Your 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.
Correct Operational level system , Knowledge level system , Management level system
Answer
Your Answer Operational level system , Knowledge level system , Management level system
True/False
Question HR implementation involues a series of action programme like production, estimation of
raw materials, labour & machine hours.
Correct False
Answer
Your Answer False
True/False
Question The actual performance deviates positively over the budgeted performanve. This is an
indication of superior performance
Correct True
Answer
Your Answer True
True/False
Question Scheduling is a part of strategic management.
Correct False
Answer
Your Answer True
Correct Time
Answer
Your Answer Time
True/False
Question 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 False
Answer
Your Answer True
Correct Conceptual, human & intellectual skills , Decision making ability , Vision
Answer
Your Answer Conceptual, human & intellectual skills , Decision making ability , Vision
True/False
Question All policies are 'statements'
True/False
Question Budgets are plans expressed in numerical terms usually in financial terms
Correct Answer True
True/False
Question Macro environment has got immediate impact on business.
Your Answer Conceptual, human & intellectual skills , Decision making ability , Vision
True/False
Question Micro environment is the internal environment of a company.
Correct Answer govt. policies, stability, philosophy of govt. , legal system, implementation,
infrastructure , import-export
Your Answer govt. policies, stability, philosophy of govt. , legal system, implementation,
infrastructure , import-export
True/False
Question Arranging training program on productivity is a strategic decision.
True/False
Question Scheduling is a part of strategic management.
True/False
Question The key principle of moral management is "Can we make money with this
action decision or behaviour"?
Correct Answer False
True/False
Question Arranging training program on productivity is a strategic decision.
Correct Answer Trust & fairness , Changed Management , Integrity & thoughtfulness
Your Answer Trust & fairness , Changed Management , Integrity & thoughtfulness
True/False
Question The environment of any organization is "the aggregate of all conditions,
events and influences that surround and affect it."
Correct Answer True
True/False
Question Environmental competitiveness tends to encourage ethical behaviour.
Correct Answer Instantly spots malfunctions and show where they occur , Identifies quality and
productivity from a production process , Identifies impact of any change on
performance
Your Answer Instantly spots malfunctions and show where they occur , Identifies quality and
productivity from a production process , Identifies impact of any change on
performance
Correct Answer govt. policies, stability, philosophy of govt. , legal system, implementation,
infrastructure , import-export
Your Answer govt. policies, stability, philosophy of govt. , legal system, implementation,
infrastructure , import-export
True/False
Question Micro environment is the internal environment of a company.
True/False
Question The actual performance deviates positively over the budgeted performanve. This is an
indication of superior performance
Correct Answer True
True/False
Question Environmental competitiveness tends to encourage ethical behaviour.
Correct Answer Conceptual, human & intellectual skills , Decision making ability , Vision
Your Answer Conceptual, human & intellectual skills , Decision making ability , Vision
Correct Answer quality & no. of suppliers , logistics , raw material , trends and rate of change of
technology
Your Answer quality & no. of suppliers , logistics , raw material , trends and rate of change of
technology
True/False
Question Counterfeiter copy but with a difference that can be seen.
True/False
Question Macro environment has got immediate impact on business.
Correct Answer Conceptual, human & intellectual skills , Decision making ability , Vision
Your Answer Conceptual, human & intellectual skills , Decision making ability , Vision
True/False
Question Macro environment has got immediate impact on business.
True/False
Question Labour satisfaction may result in unethical behaviour as anger.
True/False
Question Staffing function applies to all company levels irrespective of levels of hierarchy
True/False
Question Style of a company are the patterns of actions taken by members of top management
over a period of time
Correct Answer True
True/False
Question The environment of any organization is "the aggregate of all conditions, events and
influences that surround and affect it."
Correct Answer True
Correct Answer Trust & fairness , Changed Management , Integrity & thoughtfulness
Your Answer Trust & fairness , Changed Management , Integrity & thoughtfulness
True/False
Question Style of a company are the patterns of actions taken by members of top
management over a period of time
Correct Answer True
True/False
Question Scheduling is a part of strategic management.
strategic alliances means two or more entities join hands for two or more entities join hands for
mutual benefit. mutual benefit.
vertical forward integration means becoming your own customer becoming your own customer
horizontal integration means additional product/service for additional product/service for same
same customers customers
vertical backward integration becoming your own supplier becoming your own supplier
means
True/False
Question Business ethics is how personal norms do not apply to activities & goals of a
commercial firm.
Correct Answer False
Board of Directors Link between company & external Link between company & external
environment environment
Profit centers S.B.U. s Profit making organizations
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.
Your 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.
True/False
Question Budgets are plans expressed in numerical terms usually in financial terms
True/False
Question Excelling in one market guarantees success in a new.
True/False
Question Analysis of variances leads to a plan for corrective action
True/False
Question Change in company structure from divisional to matrix also mean changes in the
systems in various degrees
Correct Answer True
True/False
Question Macro environment has got immediate impact on business.
True/False
Question Environmental competitiveness tends to encourage ethical behaviour.
True/False
Question Arranging training program on productivity is a strategic decision.
Correct Answer clarity in strategy & responsibilities , blending cultures , provide for an exit strategy
Your Answer clarity in strategy & responsibilities , blending cultures , provide for an exit strategy
Your Answer Conceptual, human & intellectual skills , Decision making ability , Vision ,
communication skills
SM assgn
True/False
Question The actual performance deviates positively over the budgeted performanve. This is
an indication of superior performance
Correct Answer True
Correct Answer Vital ingredient in determinig it's future , Yields growth, profits etc , may result in
disaster if inappropriate
Your Answer Vital ingredient in determinig it's future , Yields growth, profits etc , may result in
disaster if inappropriate
Correct Answer quality & no. of suppliers , logistics , raw material , trends and rate of change of
technology
Your Answer quality & no. of suppliers , logistics , raw material , trends and rate of change of
technology
True/False
Question Labour satisfaction may result in unethical behaviour as anger.
True/False
Question Getting new users is a position defense strategy.
Correct Answer Distorted resource allocation , Inappropriate structure , Wrong motivational styles
Your Answer Distorted resource allocation , Inappropriate structure , Wrong motivational styles
True/False
Question Arranging training program on productivity is a strategic decision.
True/False
Question Analysis of variances leads to a plan for corrective action
True/False
Question Counterfeiter copy but with a difference that can be seen.
True/False
Question Acquisitions which are friendly are termed as "take-overs".
True/False
Question Under functional strategics we have vertical fit & horizontal fit.
Decision making Managers to develop the courage Crusial problem that affect success
to make unconventional decisions
Social Responsibility Managers to maintain high ethical Managers to maintain high ethical
standards standards
Lateral thinking Managers to learn to deal with Managers to develop the courage
chaotic situations to make unconventional decisions
Responsiveness Managers to provide speedy Managers to provide speedy
responses to environmental responses to environmental
changes changes
True/False
Question All policies are 'statements'
True/False
Question Staffing function applies to all company levels irrespective of levels of hierarchy
True/False
Question Change in company's strategy gives rise to problems necessitating a new structure to be
made
Correct Answer True
Your Answer True
True/False
Question Timing of measurement before hand serves the purpose of evaluation.
Correct Answer False
Your Answer True
True/False
Question According to Michael Porter, the core of efficiency management is strategy.
Correct Answer True
Your Answer True
True/False
Question Style of a company are the patterns of actions taken by members of top management over a
period of time
Correct Answer True
Your Answer True
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
True/False
Question Arranging training program on productivity is a strategic decision.
Correct Answer False
Your Answer False
True/False
Question Getting new users is a position defense strategy.
Correct Answer False
Your Answer False
True/False
Question Scheduling is a part of strategic management.
Correct Answer False
Your Answer False
True/False
Question Macro environment has got immediate impact on business.
Correct Answer False
Your Answer False
True/False
Question Macro environment has got immediate impact on business.
Correct Answer False
Your Answer False
True/False
Question Reciprocal responsibility means equal blames and credit.
Correct Answer False
Your Answer True
Horizontal integration means Additional product/service for same customers Additional product/service for
same customers
Vertical forward integration means Becoming your own customer Becoming your own customer
Position defense means Fortification around one's territory Fortification around one's territory
True/False
Question The actual performance deviates positively over the budgeted performanve. This is an
indication of superior performance
Correct Answer True
Your Answer True
True/False
Question 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
Your Answer False
True/False
Question Arranging training program on productivity is a strategic decision.
True/False
Question Timing of measurement before hand serves the purpose of evaluation.
True/False
Question Change in company's strategy gives rise to problems necessitating a new
structure to be made
Correct Answer True
Correct Answer govt. policies, stability, philosophy of govt. , legal system, implementation,
infrastructure , import-export
Your Answer govt. policies, stability, philosophy of govt. , legal system, implementation,
infrastructure , import-export
Correct Answer clarity in strategy & responsibilities , blending cultures , provide for an exit
strategy
Your Answer clarity in strategy & responsibilities , blending cultures , provide for an exit
strategy
True/False
Question Counterfeiter copy but with a difference that can be seen.
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.
Your Answer dividing environment into sectors , sub factors , analyze impact of each sector &
sub factor on organization , impact of organization on each sector
True/False
Question Scheduling is a part of strategic management.
True/False
Question Three C's affecting today's companies are customer, competition & change
True/False
Question Acquisitions which are friendly are termed as "take-overs".
True/False
Question Standards of performance act as the benchmark against which the actual
performance is compared.
Correct Answer True
True/False
Question The actual performance deviates positively over the budgeted performanve. This
is an indication of superior performance
Correct Answer True
Your Answer Conceptual, human & intellectual skills , Decision making ability , Vision
a) departmentation
b) top management
c) policy framing
d) mobilization
True
False
a) Structure
b) Staffing
c) Strategy
d) Style
Factors encouraging joint ventures are
b) Finance department
c) Account section
d) Production department
29. These people are charged with the responsibility of continuous screening of performance?
a)
Audit committee
b)
Chief executive
c)
External auditor
d)
Financial controller
33. These are moves that will pay off irrespective of what happens in the future
a)
Options
b)
Big bets
c)
No-regret moves
d)
Reserve the right to play
39.
models can be described as a system that describe how pieces of business
fit together.
(circular,modular,narrative or business)
SM assgn : Urvi
Multiple Choice Single Answer
Question The decisions which are applied to structured or routine problems are
True/False
Question The super structure indicates ways in which company's tasks are integrated or
coordinated
Correct Answer True
True/False
Question Scheduling is a part of strategic management.
True/False
Question Micro environment is the internal environment of a company.
Correct Answer Operational level system , Knowledge level system , Management level system
Your Answer Operational level system , Knowledge level system , Management level system
True/False
Question Adapter duplicate the leader and claim to be similar or even the same.
Correct Answer False
Correct Answer quality & no. of suppliers , logistics , raw material , trends and rate of change of
technology
Your Answer quality & no. of suppliers , logistics , raw material , trends and rate of change of
technology
True/False
Question Environmental competitiveness tends to encourage ethical behaviour.
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
Your Answer Identifies quality and productivity from a production process , Identifies impact of
any change on performance , Instantly spots malfunctions and show where they
occur
True/False
Question Reciprocal responsibility means equal blames and credit.
True/False
Question Staffing function applies to all company levels irrespective of levels of hierarchy
True/False
Question Budgets are plans expressed in numerical terms usually in financial terms
True/False
Question Divestiture is opposed to diversification.
Decision making Managers to develop the courage Managers to develop the courage
to make unconventional decisions to make unconventional decisions
Social Responsibility Managers to maintain high ethical Managers to maintain high ethical
standards standards
Lateral thinking Managers to learn to deal with Managers to learn to deal with
chaotic situations chaotic situations
Responsiveness Managers to provide speedy Managers to provide speedy
responses to environmental responses to environmental
changes changes
True/False
Question Focused company is generally protected from competition.
Environmental Analysis Social, Political, legal & Social, Political, legal & technology
technology
Swot Analysis Matching, converting, minimizing Matching, converting, minimizing
& avoiding strategies & avoiding strategies
Marketing strategy Life cycle considerations Life cycle considerations
Premise control
Implementation control
Strategic surveillance
SM assgn : Urvi
True/False
Question Style of a company are the patterns of actions taken by members of top management over
a period of time
Correct Answer True
True/False
Question Systems are formal and informal rules and regulations that complements the company
structure
Correct Answer True
Correct Answer govt. policies, stability, philosophy of govt. , legal system, implementation, infrastructure ,
import-export
Your Answer govt. policies, stability, philosophy of govt. , legal system, implementation, infrastructure ,
import-export
True/False
Question Macro environment has got immediate impact on business.
Correct Answer False
True/False
Question Business ethics is how personal norms do not apply to activities & goals of a commercial
firm.
Correct Answer False
Correct Answer Distorted resource allocation , Inappropriate structure , Wrong motivational styles
Correct Answer logistics , raw material , trends and rate of change of technology , quality & no. of suppliers
Your Answer quality & no. of suppliers , logistics , raw material , trends and rate of change of technology
Ballast business Fit well but low opportunities Fit well but low opportunities
Gap analysis Difference between desired and Difference between desired and
projected performance projected performance
Corporate parenting Managing SBU's by a corporate Managing SBU's by a corporate
Heartland business Give the highest priority Give the highest priority
True/False
Question The environment of any organization is "the aggregate of all conditions, events and
influences that surround and affect it."
Correct Answer True
Your Answer True
True/False
Question Arranging training program on productivity is a strategic decision.
True/False
Question 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/False
Question Macro environment has got immediate impact on business.
Correct Answer Assumes factory as an isolated entity , It measures only the cost of producing
Your Answer Assumes factory as an isolated entity , It measures only the cost of producing , It uses time
as a unit of measure
Correct Answer Increased market power , Increased diversification , Increased speed to market
Your Answer Increased market power , Increased diversification , Increased speed to market
True/False
Question Numerator may bring short-term results, but there may be serious long-term sacrifices.
Correct Answer Conceptual, human & intellectual skills , Decision making ability , Vision
Your Answer Conceptual, human & intellectual skills , Decision making ability , Vision
SM assgn :03: Baizu
True/False
Question Staffing function applies to all company levels irrespective of levels of hierarchy
Correct True
Answer
Your Answer True
Correct clarity in strategy & responsibilities , blending cultures , provide for an exit strategy
Answer
Your Answer clarity in strategy & responsibilities , blending cultures , provide for an exit strategy
Correct between a buyer and a seller , to avail tax concessions , to increase growth rates
Answer
Your Answer between a buyer and a seller , to avail tax concessions , to increase growth rates
Correct Time
Answer
Your Answer Goals
True/False
Question The actual performance deviates positively over the budgeted performanve. This is an
indication of superior performance
Correct True
Answer
Your Answer True
Correct Flotilla
Answer
Your Answer Flotilla
True/False
Question Labour satisfaction may result in unethical behaviour as anger.
Correct False
Answer
Your Answer False
True/False
Question Reciprocal responsibility means equal blames and credit.
Correct False
Answer
Your Answer False
True/False
Question Excelling in one market guarantees success in a new.
Correct False
Answer
Your Answer False
Correct vision
Answer
Your Answer vision
Correct Vital ingredient in determinig it's future , Yields growth, profits etc , may result in
Answer disaster if inappropriate
Your Answer Vital ingredient in determinig it's future , Only factor determing it's success or failure ,
may result in disaster if inappropriate
True/False
Question Three C's affecting today's companies are customer, competition & change
Correct True
Answer
Your Answer True
Correct Minimum
Answer
Your Answer Maximum
True/False
Question HR implementation involues a series of action programme like production, estimation of
raw materials, labour & machine hours.
Correct False
Answer
Your Answer True
Ballast business Fit well but low opportunities Fit well but low opportunities
Gap analysis Difference between desired and Difference between desired and
projected performance projected performance
Corporate parenting Managing SBU's by a corporate Managing SBU's by a corporate
Heartland business Give the highest priority Give the highest priority
Correct obsession with an organization , ambitions in proportion to their existing resources &
Answer capabilities , what the organization strives for.
Your Answer obsession with an organization , what the organization strives for. , concept of
optimization
Correct Assumes factory as an isolated entity , It measures only the cost of producing
Answer
Your Answer Assumes factory as an isolated entity , It measures only the cost of producing
Correct IR, OB
Answer
Your Answer PRM
True/False
Question All policies are 'statements'
Correct False
Answer
Your Answer True
True/False
Question Divestiture is opposed to diversification.
Correct False
Answer
Your Answer True
Correct Leaders
Answer
Your Answer Leaders
True/False
Question Business ethics is how personal norms do not apply to activities & goals of a commercial
firm.
Correct False
Answer
Your Answer False
Correct 9
Answer
Your Answer 9
LIST OF ATTEMPTED QUESTIONS AND ANSWERS
True/False
Question Focused company is generally protected from competition.
Correct Answer Trust & fairness , Changed Management , Integrity & thoughtfulness
Your Answer Trust & fairness , Integrity & thoughtfulness , Lack of emotions
strategic alliances means two or more entities join hands two or more entities join hands for
for mutual benefit. mutual benefit.
vertical forward integration becoming your own customer becoming your own customer
means
horizontal integration means additional product/service for additional product/service for
same customers same customers
vertical backward integration becoming your own supplier becoming your own supplier
means
Ballast business Fit well but low opportunities Fit well but low opportunities
Gap analysis Difference between desired and Difference between desired and
projected performance projected performance
Corporate parenting Managing SBU's by a corporate Managing SBU's by a corporate
Heartland business Give the highest priority Give the highest priority
Correct Answer govt. policies, stability, philosophy of govt. , legal system, implementation,
infrastructure , import-export
Your Answer import-export , govt. policies, stability, philosophy of govt. , legal system,
implementation, infrastructure
True/False
Question HR implementation involues a series of action programme like production,
estimation of raw materials, labour & machine hours.
Correct Answer False
True/False
Question Numerator may bring short-term results, but there may be serious long-term
sacrifices.
Correct Answer False
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.
Your 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.
Correct Answer uneconomical separate existence , risk of business gets shared , sharing
competence of each other
Your Answer uneconomical separate existence , risk of business gets shared , sharing
competence of each other
True/False
Question Change in company's strategy gives rise to problems necessitating a new structure
to be made
Correct Answer True
Correct Answer Assumes factory as an isolated entity , It measures only the cost of producing
Your Answer Assumes factory as an isolated entity , It measures only the cost of producing ,
Savings are in terms of time saved
True/False
Question Change in company structure from divisional to matrix also mean changes in the
systems in various degrees
Correct Answer True
True/False
Question Business ethics is how personal norms do not apply to activities & goals of a
commercial firm.
Correct Answer False
True/False
Question Labour satisfaction may result in unethical behaviour as anger.
Correct Answer False
True/False
Question Micro environment is the internal environment of a company.
True/False
Question Arranging training program on productivity is a strategic decision.
True/False
Question Standards of performance act as the benchmark against which the actual
performance is compared.
Correct Answer True
Correct Answer Operational level system , Knowledge level system , Management level
system
Your Answer Operational level system , Knowledge level system , Management level
system
True/False
Question The environment of any organization is "the aggregate of all conditions,
events and influences that surround and affect it."
Correct Answer True
True/False
Question Scheduling is a part of strategic management.
True/False
Question Arranging training program on productivity is a strategic decision.
True/False
Question The environment of any organization is "the aggregate of all conditions,
events and influences that surround and affect it."
Correct Answer True
True/False
Question Change in company structure from divisional to matrix also mean changes in
the systems in various degrees
Correct Answer True
True/False
Question Business ethics is how personal norms do not apply to activities & goals of a
commercial firm.
Correct Answer False
True/False
Question Macro environment has got immediate impact on business.
True/False
Question Excelling in one market guarantees success in a new.
Your Answer Conceptual, human & intellectual skills , Decision making ability , Vision
LIST OF ATTEMPTED QUESTIONS AND ANSWERS
True/False
Question According to Michael Porter, the core of efficiency
management is strategy.
Correct Answer True
Your Answer True
True/False
Question The environment of any organization is "the aggregate of all
conditions, events and influences that surround and affect it."
Correct Answer True
Your Answer True
True/False
Question Scheduling is a part of strategic management.
Correct Answer False
Your Answer False
True/False
Question Arranging training program on productivity is a strategic
decision.
Correct Answer False
Your Answer False
True/False
Question The environment of any organization is "the aggregate of all
conditions, events and influences that surround and affect it."
Correct Answer True
Your Answer True
True/False
Question Change in company structure from divisional to matrix also
mean changes in the systems in various degrees
Correct Answer True
Your Answer True
True/False
Question Business ethics is how personal norms do not apply to
activities & goals of a commercial firm.
Correct Answer False
Your Answer False
True/False
Question Macro environment has got immediate impact on business.
Correct Answer False
Your Answer False
True/False
Question Excelling in one market guarantees success in a new.
Correct Answer False
Your Answer False
True/False
Question Style of a company are the patterns of actions taken by members of top
management over a period of time
1
Correct Answer True
Correct Answer Trust & fairness , Changed Management , Integrity & thoughtfulness
Your Answer Trust & fairness , Changed Management , Integrity & thoughtfulness
2
Your Answer Conceptual, human & intellectual skills , Decision making ability , Vision
True/False
Question Standards of performance act as the benchmark against which the actual
performance is compared.
Correct Answer True
True/False
Question Scheduling is a part of strategic management.
True/False
Question Budgets are plans expressed in numerical terms usually in financial terms
3
Multiple Choice Single Answer
Question The discipline which deals with what is good and bad and which moral
obligation is
Correct Answer Ethics
4
Correct Answer role model
True/False
Question Timing of measurement before hand serves the purpose of evaluation.
5
Your Answer Emotional quotient
True/False
Question Focused company is generally protected from competition.
True/False
Question Labour satisfaction may result in unethical behaviour as anger.
6
True/False
Question Macro environment has got immediate impact on business.
True/False
Question The environment of any organization is "the aggregate of all conditions,
events and influences that surround and affect it."
Correct Answer True
True/False
Question Adapter duplicate the leader and claim to be similar or even the same.
7
Topics Page No
Evolution of Stratigic Management 1
Importance of Strategic Management 2
Alfred Chandler 8
William Glueck 8
Strategic Business Unit 10
Levels of Strategy 11
Issues in Strategic Decision Making 12
Stragists and their role in Strategic Management 13
Glueck 17
Hofer 17
Ansoff 17
Sharplin 17
Harrison & St. John 17
StrategicPlanning Process 18
Company Mission & vision 20
Core Values 21
Core Purpose 21
Benefits of a Vision 23
Characteristics of a Mission Statement 23
Key Elements in Developing a Mission Statement 23
Characteristics/Features of a Mission Statement 24
Function of a Mission Statement 25
Need for a Written Mission Statement 25
Contents of Mission Statement 25
C.K. Prahlad & Gray Hamel 26
Strategic Indent 26
Stretch, Leverage and FIT 28
Goals & Objectives 29
Role of Objectives 29
Characteristics of Objective 29
Factors to be considered Objective- setting 30
Critical Success Factors 30
Concept of Environment 35
External & Internal Environment 37
Environment Scanning 38
Sources of Information for Enviornment Scanning 38
Methods and techniques used for environmental scanning 39
Organizational Appraisal 42
Factors 44
Method & Techniques 45
Structuring Environmental Appraisal 45
Grand Strategies 49
Bdimensions of Business Definition 49
Stability Strategy 50
Different type of Diversification strategies 51
Expansion through cooperation 52
Mergers 52
Strategic Alliances 58
Type of Internal Strategies 59
Stopford & Well's International Structure Model 59
Three Differenet Organization Models 61
Entry Modes 61
Retrenchment Strategies 61
Turnaround Strategies 62
Divestment Strategies 63
Costs of the corporation 63
Cost of the Unit 64
Depressesd Exit Price 64
Making it Happen 64
Identifying candidates for divestiture 64
Structure the deal and communicate the decision 65
creation and destruction 65
combination Strategies 65
Dimensions of Grand Strategies 65
Business Level Strategies 66
Cost Leadership 66
Differentiation 66
Focus 67
Other Business Strategies 67
Defending Market Share 68
Strategies for a Market Follower 68
Strategies of Market Challenger 68
Strategies of Niche Marketer 69
Strategic Decision Making Under Uncertainty 73
Strategic Posture That can be taken 74
Strategic Portfolio of Actions 75
MCKINSEY 7 S Model 75
Mckinsey 7-S Framework 76
Super ordinate goals 76
Structure 77
System 77
Style 77
78
Skills 78
Crating New Market Space 78
Looking Across Substitutes 80
Looking across strategic groups within industries 80
Looking across chain of Buyers 80
Looking across complementary product and service offering 80
Looking across functional or emotional appeal to Buyers 81
Looking across time 81
Regenerating large companies 81
Emerging theory of manufacturing 82
Statistical quality control (SQC) 82
Modern Manufacturing Accounting Methods 82
Flotila 83
System Approach 83
Comparative study of thefour concepts 83
Boston consulting group appoach 84
Product Portfolio 86
Star of the portfolio 87
Anatomy of the cash cow 88
portfolio concept 90
portfolio Analysis 93
Factors that affect market attractiveness 95
Factors that affect competitive strength 95
Directional Policy Matrix 98
Strategic implications of Ge Matrix 99
Domain 100
Comparison of the Boston and Directional Policy Matrix Techniques101
corporate parentng Analysis 102
Michael porter's Model for Industry Analysis 103
Five Competitive Forces 104
Threat of Entry 104
Cost disadvantage of Independent of Scale 105
Intensity of Rivalry among existing competitors 105
Threat of Substitutes 106
PIMS Model 107
Game Theory 111
Delphi Method 112
strategy implementation 119
characteristics of decisions 120
role of rationality in decision manking 121
types of decisions 122
steps in problem solving 124
indicators of problem 124
resource allocation 125
organization structure 126
organizing process 126
three factors of organization structures 126
organization levels and span of management 127
narrow span 127
wide span 127
levels of management or organization 127
board of directors 128
executive committee 128
top management 128
middle management 129
lower management 129
departmentation 129
departmentation by product 130
departmentation by process 131
departmentation by customer 131
departmentation by geography 132
mixed departmenetaion 132
enterpreneural structure 133
line and staff organization 133
matrix organization 134
strategic business units 135
business models matter 136
evolution and revolution as organization grows 138
Larry Grenier 138
creativity / direction / delegation 139
implications of history 140
organization systems 141
information system 141
Data vs information 141
knowledge level system 142
management level system 142
control system 142
appraisal system 143
motivation system 143
leadership 144
emotional intelligence 145
EQ 144
empathy 146
factors affecting strategic decision making 146
administrative contraints 147
financial constraints 147
The CEO's agenda and management approach 147
Social responsibilities of a business 148
Johnson and Johnson 148
Corporate social responsibility 148
contrasting perspectives 149
Kuntz and O Donnell 151
Peter Dructcher 151
Abraham Maslow 151
Doctrine of Social responsibility 151
Rationale of Social responsibility 151
ethics 157
moral management 159
ammoral management 159
factors 160
mechanisms for ethical management 160
functional strategies 161
budgeting 162
manpower planning 164
HRP 165
HR demand 165
HR supply 165
Production management policies and plans 166
Capacity and utilization 166
POM 167
capital expenditure planning 168
capital structure planning 168
cash flow planning 169
working capital planning 170
dividend planning 171
taxation planning 171
marketing plan (MP) 171
R & D Planning 174
offensive or defensive strategies 174
the knowledge creating company 175
spiral of knowledge 175
from Metaphor to model 176
managing the knowledge creating company 176
redundancy 176
supply chain management 177
customer relationship management (CRM) 181
mass customization 182
spontaneous supply chain 184
customize products 185
Knowledge management system 185
knowledge 186
outsourcing 191
mergers , acquisions , takeovers and restructuring 192
synergy 194
bias 195
sizing the prize 196
strategic evaluation 201
barriers in evaluation 202
strategic survillance 203
emergency alert control 204
operation control 204
measures of performance 204
analyzing variances 205
corrective action 206
Sumantra Ghoshal 206
setting direction by deploying key people 207
internalized behaviours 208
managing information flows through personal relationships 208
employment contract 209
manifestations of the emerging information age 209
age of empowerment 210
interactive control system 211
evaluate corporate strategy 211
transformational efforts 215
transformation process 216
circle 153
Hallmarks 145
big bets 75
adapters 75
Integration 53
Titan 54
Program 31
Policies 31
Procedure 31
premise control 203
strategic surveillance 203
risk 215
competencies 42
ETOP
model 137
Score Card
Registration
200525262
Number:
Name: Rambabu Sirisetty
Subject: Strategic Management
Assignment Status 09/04/2006
As On:
al
Result for this Assignment
Assignment Date 09/04/2006
Number of Correct Questions 43
om ri
Number of Skipped Questions 6
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Number of Wrong Questions 4
Total Questions attempted 53
r F
Total Marks obtained 94 Out of 100.
Result Pass
iza D
d.c
Click here to view the list of attempted question and answers.
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LIST OF ATTEMPTED QUESTIONS AND ANSWERS
.p m
Question ________ support managers by keeping track of the elementary activities &
transactions of the organization such as sales, receipts, raw materials etc.
Do
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.
Your 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.
Multiple Choice Multiple Answer
Question Macro environment
al
Question Titan going into setting their won retail outlets- this is ________ integration.
om ri
Your Answer vertical ( forward )
T
Multiple Choice Single Answer
Question Strategic management is concerned with
r F
iza D
Your Answer long- range planning
d.c
P
Multiple Choice Single Answer
Question Strategic management deals with
.p m
al
True/False
Question Undec the social goals the responsibilities with regard to employees includes
om ri
prociding maximum possible satisfaction to consumer providing quality goods &
services at reasonable prices.
T
Correct Answer False
r F
Question
iza D
T in SWOT, refers to
d.c
Correct Answer unfavorable conditions in external environment.
P
Your Answer unfavorable conditions in external environment.
.p m
True/False
Question Timing of measurement before hand serves the purpose of evaluation.
ww
Correct Answer govt. policies, stability, philosophy of govt. , legal system, implementation,
infrastructure , import-export
Your Answer govt. policies, stability, philosophy of govt. , legal system, implementation,
infrastructure , import-export
al
Correct Answer inherent inadequacy of organization
om ri
T
Multiple Choice Single Answer
Question It indicates the degree of differentiation
r F
Your Answer Structure
iza D
Multiple Choice Single Answer
d.c
P
Question It refers to formal and informal rules, regulations and procedures that
complements the company structure
Correct Answer Systems
.p m
Environmental Analysis Social, Political, legal & Social, Political, legal &
technology technology
Swot Analysis Matching, converting, Matching, converting, minimizing
minimizing & avoiding strategies & avoiding strategies
Marketing strategy Life cycle considerations Life cycle considerations
al
Correct Answer end user specialist , specific customer specialist , geographic specialist
Your Answer end user specialist , specific customer specialist , geographic specialist
om ri
T
Multiple Choice Multiple Answer
Question Factors encouraging joint ventures are
Correct Answer uneconomical separate existence , risk of business gets shared , sharing
r F
competence of each other
Your Answer uneconomical separate existence , risk of business gets shared , sharing
iza D
competence of each other
Correct Answer Distorted resource allocation , Inappropriate structure , Wrong motivational styles
Your Answer Distorted resource allocation , Inappropriate structure , Wrong motivational styles
True/False
al
Question Scheduling is a part of strategic management.
om ri
Your Answer False
T
Multiple Choice Single Answer
Question Concentric diversification means
r F
Correct Answer new activity related to existing business
iza D
Your Answer new activity related to existing business
d.c
P
Select The Blank
Question Tata motors goal of reaching middle class two wheeler owners is a ________
.p m
category of goal.
Correct Answer internal transformation
dfw
True/False
Question Style of a company are the patterns of actions taken by members of top
management over a period of time
w
True/False
Question Business ethics is how personal norms do not apply to activities & goals of a
commercial firm.
Correct Answer False
True/False
Question Under functional strategics we have vertical fit & horizontal fit.
al
Multiple Choice Multiple Answer
Question How does 'structure' reduce internal uncertainity arising out of human behaviour
om ri
Correct Answer Control mechanism , Departmentalisation , Specialisation
T
Your Answer Control mechanism , Departmentalisation
r F
Select The Blank
Question The benefits of a change in process are defined in terms of ________ cost
savings
iza D
Correct Answer Labour
d.c
P
Your Answer Labour
.p m
True/False
Question Getting new users is a position defense strategy.
dfw
True/False
w
True/False
Question The environment of any organization is "the aggregate of all conditions, events
and influences that surround and affect it."
Correct Answer True
al
Your Answer True
om ri
Multiple Choice Multiple Answer
Question An unhealthy portfolio has
T
Correct Answer More dogs , Few stars
r F
Your Answer More dogs , Few stars
True/False
iza D
Question
d.c
Numerator may bring short-term results, but there may be serious long-term
P
sacrifices.
Correct Answer False
exists. exists.
Do
ASSIGNMENT
Q.1 Explain the evolution, role and importance of business policy and strategic management.
What would be the role of manager in this age?
Answer:
Introduction: The term strategic management has been traditionally used. New title such as
business policy, corporate strategy and policy, corporate policies is essentially and extensively used
which means more less the same concept.
1) In early 1920’s and 1930’s the managers used day-to-day planning methods to perform any
task.
2) To anticipate the future, they tried using tools like preparation of budgets and control
systems like capital budgeting and management by objectives.
3) The techniques were unable to emphasize the future adequately.
4) The next step was they tried using long range planning which was replaced by strategic
planning and later by strategic management.
5) In mid 1930’s, according to the nature of business the planning was done during Adhoc
policy making.
6) As many businesses had just started operations and were mostly in a single product line,
there arose a need for policy making.
7) As companies grew they expanded their products and they catered to more customer and
which in turn increased their geographical coverage.
8) The expansion brought in complexity and lot of changes in the external environment.
Hence there was a need to integrate functional areas.
9) This integration was brought about by framing policies to guide managerial action.
10) Policies helped to have pre-defined set of actions, which helped people to make decision.
11) Policymaking was the owner’s prime responsibility.
12) Due to increase in the environment changes, in 1930’s and 40’s policy formulation replaced
ad-hoc policy making, which led to emphasis shifted to the integration of functional areas
in this rapidly changing environment.
13) Especially after II World War there was more complexity and significant changes in the
environment.
14) Competition increased with many companies entering into the market.
15) Policy making and functional area integration was not sufficient for the complex needs of a
business.
1) Due to increase in the competition, in 1960’s there was a demand for critical look at the
bane corrupt of business.
2) The environment played an important role in the business.
3) The relationship of business with the environment lead to the concept of strategy.
4) In early sixties, this helped the management to manage between the business and the
environment.
5) In early eighties, as many companies were globalised which lead to the competition of the
rivals access the world.
Strategic Management—Page 2
6) Japanese companies along with other Asian companies unleashed a force across the world
and posed a threat for the US and European companies, which led to the current thinking.
7) Strategic management focused on 2 aspects: -
8) Unlike others, in this phase the role of senior management is vital and of
Utmost importance. Their role was important in decision-making like -
9) All these actions and decision had a long-term impact on the company and its future
operations, which was the result of senior management decision-making.
10) Strategic management is both about the present and future course of action, which was the
prime responsibility senior management.
Strategic Management is
Hence as managers had variety of choices, decisions were based on the circumstances, which would
take the company in specified directions.
Conclusion
Thus we can say the purpose of strategic management is manifold. To be successful in the
business one should possess/have holistic approach and should know to integrate the knowledge
gained in various functional area of management. By having generalist approach, a senior manager
can understand the complex inter linkages operating within the organization and should have
systematic approach in decision-making in relation with the changes which takes place in the
environment.
Strategic Management—Page 4
Answer:
INTRODUCTION: -
To understand the process of strategic management the concept should be understood and
controlled. The term strategy is derived from the Greek word “STRATEGOS” Generalship. The
actual direction of military force, as distinct from governing its deployment. The word strategy
means “ THE ART OF GENERAL ”. Based on the studies and views by various experts and
management gurus Strategy in business has taken various connotations.
Definition:
William Glueck, a Management Professor defined it as “A unified, comprehensive and integrated
plan designed to assure that the basic objectives of the enterprise are achieved”.
Alfred Chandler defined Strategy as:-
“The determination of the basic long term goals and objectives of an enterprise and the adoption of
the courses of action and the allocation of resources necessary for carrying out these goals”.
Thus strategy is: -
a. A plan / course of action leading to a direction.
b. It is related to company’s activities.
c. It deals with uncertain future.
d. It depends on vision / mission of the company to reach its current position.
STRATEGY:
1. Before making a decision managers have to look into the course of deciding since
Strategy involves situations like: -
2. An establishment and successful company would start to face new threats in the
environment. This is due to its success and emergence of new competitors. It has to rethink
the course of action it has been following. This is called strategy.
3. With such rethinking and environment analysis, new opportunities may emerge and be
identified.
4. To make use of these opportunities, the company might fundamentally rethink and reason
the ways and means, the actions it had been following in the past. These are called “
strategies “.
Strategic Management—Page 5
5. For a company to survive and to be successful strategy is one of the most significant
concepts to emerge in the field of management. According to Alfred chandler the
determination of basic long-term goals and objectives of an enterprise and the adoption of
the course of action and the allocation of resources for carrying out these goals.
William Glueck defines strategy as “a unified, comprehension and integrated plan
designed to assure that the basic objectives of the enterprises are achieved”.
7. Companies can outperform rivals only if it can establish a difference it can preserve and
deliver greater value at a reasonable cost.
8. Strategy rests on unique activities –“ The essence of strategy is in the activities – choosing
to perform things differently and to perform different activities than rivals”.
10. Strategy is the future plan of action, which relates to the companies activities and its
mission/vision i.e. when it would like to reach from its current position.
11. It is concerned with the resource available today and those that will be required for the
future plan of action. It is about the trade off between its different activities and creating a
fit among these activities.
LEVELS OF STRATEGY:
1. When a company performs different business/ has portfolio of products, the company will
organize itself in the form of strategic business units (SBU’s).
2. In order to segregate different units each performing a common set of activities, many
companies are organized on the basis of operating divisions/decisions. These are known as
strategic business units.
Strategic Management—Page 6
CORPORATE LEVEL
4) There exists a difference at functional levels like marketing, finance, productions etc. Functional
level strategies exist at both corporate and SBU level. It has to be aligned and integrated.
5) CORPORATE LEVEL STRATEGY: It’s a broad level strategy and all its plan of actions is at
corporate level i.e. what the company as a whole. It covers the various strategies performed by
different SBU’s. Strategies needs should be in align with the company objective.
6) Resources should be allocated to each SBU and broad level functional strategies. To ensure
things there would need to have co-ordination of different business of the SBU’s.
a) FUNCTIONAL STRATEGY
b) SOCIETAL STRATEGY
c) OPERATIONAL STRATEGY
FUNCTIONAL STRATEGY:
As the SBU level deals with a relatively. Smaller area that provides objectives for a specific
function in that SBU environment are marketing, finance, production, operation etc.
Strategic Management—Page 7
SOCIETAL STRATEGY:
Larger Companies like conglomerates with multiple business in different countries needs larger
level strategy.
1) A relatively smaller company may require a strategy at a level higher than corporate
level.
2) It’s how the company perceives itself in its role towards the society/ even countries in
terms of vision/ mission statement/ a set of needs that strives to fulfill corporate level
strategies are then derived from the societal strategy.
In the dynamic environment & due to the complexities of business strategies are needed to be set at
lower levels i.e. one step down the functional level, operational level strategies.
There are more specific & has a defined scope. E.g. Marketing Strategy could be subdivided into
sales Strategies for different segments & markets, pricing, distribution etc.
Some of them may be common & some unique to the target markets.
It should contribute to the functional objectives of marketing function. These are interlinked with
other strategies at functional level like those of finance, production etc
MISSION/VISION LEVEL
CORPORATE LEVEL
OPERATIONAL LEVEL
Strategic Management—Page 8
Corporate level is divided from the societal level strategy of a corporation S.B.U Level are put in to
action under the corporate level strategy. Functional Strategies operate under SBU Level.
Operational Level is derived from functional level strategies
Conclusion:
These are the levels at which strategies are formulated. Strategy is a plan or an action leading to a
particular direction. We have corporate level Strategy and Strategic Business Unit level to fulfill
the objectives of the company.
Q.3 What are the Issues in Strategic Decision Making? Explain the role of Various
Strategies.
Answer:
Strategy means General ship. The actual direction of military force Strategy involves
decision-making like how to face the competition, how to undertake expansion or diversification
etc.
1. While making a decision the company might have different people at different periods of
time.
2. Decision requires judgments; a personal related factors are important in decision-making.
Hence decision ma y differs as person change.
3. Decisions are not taken individually, but often there is a task in decisions which could be
Individual Vs Group decision making. There will be a difference between the individual
and group decision-making.
4. On what Criteria a company should make its decision, for evaluation of the efficiency &
effectiveness of the decision making process, a company has to set its objectives which
serves as main bench mark.
5. 3 Major Criteria in decision Making are
a. The concept of Maximization.
b. The concept of satisfying.
c. The concept of incrementalism.
Role of Board Of Directors: Board of Directors is the supreme Authority in a company. They are
the owners/ shareholders/ lenders. They are the ones who direct and responsible for the governance
of the company. The Company act and other laws blind them and their actions & they sometimes
do get involved in operational issues. Professionals on the B.O.D help to get new ideas,
perspectives & provide guidance. They are the link between the company and the environment.
Role of C.E.O: Chief Executive Officer is the most important Strategist and responsible for all
aspects from formulations/Implementation to review of Strategic Management. He is the leader,
motivator & Builder who forms a link between company and the board of directors and responsible
for managing the external environment and its relationship.
Role Of Entrepreneur: They are independent in thought and action and they set / start up a new
business. A Company can promote the entrepreneurial spirit and this can be internal attitude of an
organization. They provide a sense of direction and are active in implementation.
Role of Senior Management: They are answerable to B.O.Directors & The C.E.O as they would
look after Strategic Management a responsible of certain areas / parts of terms.
Role of SBU – Level Executives: They Co-ordinate with other SBU’s & with Senior Management.
They are more focused on their product / burners line.
They are more on the implementation role.
Role of Corporate Planning Staff: It provides administrative support tools and techniques and is a
Co-ordinate function.
Role of Consultant: Often Consultants may be hired for a specified new business or Expertise even
to get an unbiased opinion on the business & the Strategy.
Role of Middle Level Managers: They form an important link in strategizing & Implementation.
They are not actively involved in formulation of Strategies and they are developed to be the future
management.
Conclusion:
These are the issues in strategic decision-making and the role in Strategic Management.
Thus we have different issues in Decision making as to how it is made. Decision-making is not
easy. Creativity is required.
We have different important roles to be played by different Strategists in Strategic Management,
which is essential for the welfare of the company.
Strategic Management—Page 10
Answer:
Here are few definitions of Strategic Management Process.
1) According to Glueck it’s a stream of decisions and actions that lead to the development
of an effective strategy/ Strategies to help achieve Corporate Strategies.
2) According to Hofer it’s the process, which deals with fundamental Organizational,
renewal & growth with the development of strategies, Structures and Systems
necessary to achieve such renewal and growth and with the organizational systems
needed to effectively manage the strategy formulation and implementation process.
3) Ansoff defines it as “ The Systematic approach & important responsibility of general
management to position and relate the firm to its environment in a way that will assure
its Continued Success and make it secure from surprises”.
4) Sharplin defines as the formulation & implementation of plans and Carrying out
activities related to the matters, which are vital, and of continuing importance to the
total organization.
5) According to Harrison & St John – Strategic Management is the process through which
organization learn from their internal & external environment, establish strategic
decision create strategies that are intended to help achieve establish goals & execute
there strategies achieve Establish goals and execute there Strategies all in an effort to
satisfy key organizational stake holders.
IMPLEMENT/ FEEDBACK/CONTROL
From the above block diagram it states that Strategic Management is a process, which leads to the
formulation of Strategy/ Set of Strategies & managing thru Organizational System for the
achievement of Vision, Mission Goals and Objectives.
Strategic Management—Page 11
Core Ideology: Is the unchanging part of organization. It is the character of an organization, this
would not change for a longer time even it were disadvantage.
Core Values: what it believes in.
Core Purpose: Existence of Organization and that goes far behind
STRENGTHS/WEAKNESS/CORE COMPETENCIES
Strengths: it’s always in relation to the environment. It’s an unborn capacity, which needs to fulfill
two conditions.
It has strengths more than the competitor; it could gain more than the Competitor. E.g. Superior
research where new products & Innovations are required. Weakness: It’s something required for
success is missing/inherent inadequacy. It gives strategic disadvantage to the Organization.
E.g. Over dependence on a single product line in a mature market.
Core Competencies: Is developed over a period of time, using these competencies exceeding well,
it develops a fine art of Competition with its rules. This capacity of exerting turns them to core
competencies.
Q.5) Explain Core Competencies, Strategic Intent, Stretch Leverage & Fit.
Answer:
For an effective strategic intent one has to develop effective strategy, rather than focusing
at the resourcefulness of Competition & their pace at which they are building competencies one has
to focus on existing position.
Core competencies are the collective learning of an Organization, especially how to coordinate
diverse production skills and integrate technologies in the organization of work and delivery of
value. It is communication, deep involvement and commitment to work across organization at all
levels and functions. Core competence is for eg. A company is compared to a tree. T runk and limbs
are core products and leaves; fruits and flowers are end products. The things, which are not visible,
are the roots, which are very important for the sustenance, nourishment and stability. So, here the
roots act as core competence.
Core competencies bind existing businesses and guide market. They can be identified by three
tests. They are:
Strategic Intent is something more than the unfettered ambition. It’s not a soft target. According to
Prahlad & Gray: -
1) It foresees a desired leadership position and establishes the criteria the organization will
chart it’s progress.
3) It requires personal effort, Commitment and bit of luck to achieve the target.
4) The Important thing that a company asks for is not “How Well Next Year be
different”? But they ask, “ What must we do differently next year to get closer to our
strategic intent?”
a) Most companies look at change and innovations in isolation
b) Innovations come from everywhere & top Management role is to add value to
it.
c) Strategic intent leaves room for creativity, innovation & top Management
directs it.
7) Since the current capabilities & resources are not------- it will force inventiveness and the
management will keep on involving challenges and they give time to digest one challenge
before launching another.
8) One important parameter is reciprocal responsibility - Which means equal blame & credit
for both operating levels & top management.
9) Companies with good strategic intent know the importance of documenting failure but
instead of blame fixing and nailing people they are more interested in the management
reasons and the orthodoxy, that may have led to future.
Stretch: To Achieve strategic intent one has to stretch forward and has to look at the
resourcefulness instead of looking at resources. One has to make use of Innovation and resources.
Stretch leads to leverage.
Fit: Strategic fit is the traditional way of looking at strategy. Strategic fit is conservative and seems
to be more realistic but u may not be aware of the potential. Under stretch & leverage Strategic
extent could be impossible, idealistic but under fit strategic something far beyond possibilities and
look at the potential possibilities.
Conclusion
Thus Strategic intent is what the organization strives for e.g. Canon wanted to beat Xerox.
It’s an obsession to an organization & it is to win at all levels of the organization, sustaining that
obsession is in quest for global leadership.
Strategic Management—Page 14
Answer:
Goals are set to achieve good results for the Organization they are undertaken in order to
fulfill the objectives of the company.
Goals Meaning: -
Goals are the targets or destination that an Organization wants to accomplish in future. Goals set
are of different types depending on their nature.
OBJECTIVES:-
TEXT & Meaning:-
Objectives are the ends that state specifically how the goals shall be achieved. They are
concrete and specific in contrast to Goals. While Goals are qualitative, objectives are
quantitative. So they are clearly measurable and comparable. Objectives are framed with
the vision / mission of the organization. They are set in relationship with the environment.
They define what the organization has to achieve for its employer, shareholders, customers.
Characteristics of Objectives:-
1.Understandable:-
Objectives set are to be understood easily. There should not be any complexities in it.
Every one i.e. the employees, customers, outsiders should find it easy in understanding
them without any confusion in their minds.
Clearly defined time frame and specific:-
Objectives should be specific, clearly defined. There should be some specific or certain
time, interval in which the objectives have to be accomplished.
1.Measurable and Controllable:-
Objectives should not be abstract. They have to be measurable quantitatively and should be
controllable.
Objectives are challenging, actionable.
Objectives:
a) Objectives are the ends that specify how the goals shall be achieved.
b) They are concrete and specific and they are in contrast with the goals.
c) Objectives make the goals operational and tend to Quantitative in specifications.
d) Objectives are set in a way that what the organization has to achieve for its employees,
shareholders, customers etc.,
e) Objectives are in relation with the environment. They are the brains of Strategic
Decision Making.
f) They are framed in line with the vision/mission of the organization and it helps to
pursue them.
g) Objectives are invariably Quantitative and provide clear measures and standards for
performance.
h) It helps to see whether the Organization is in right track or not.
i) Objectives should be concrete, specific, and understandable & should have clearly
defined time frame.
j) It must be measurable, actionable, challenging but controllable.
Strategic Management—Page 16
Conclusion:
Thus an organization is set up to make Prompt and Accurate decision. Hence goals &
objectives are set for the accomplishment of an organization.
Strategic Management—Page 17
Answer
Introduction : -
Environment means the surrounding. It includes both internal and external objects, factors &
influences under which someone/something exist.
Environment :
Environment – Changes:
1) An Organisation must be flexible enough to adjust quickly with this changing environment.
2) The Efficiency of the company comes at the expenses of the efficiency of the company as a
whole.
3) It requires co-operation & Co-ordination within the organization.
4) Few Companies are rigid, non-competitive, inefficient and losing money because they are
not able to adjust themselves with the changing environment.
5) In 1776 Adam Smith described in his book, “The Wealth of Nations.” The Principle of
division of labour for increasing the productivity and there by reducing the cost of goods.
American Companies became best in the world after applying the principles.
6) But in today’s world, nothing is constant or predictable & these principles don’t work.
7) Market growth, customer demand, the rate of technological change, and nature of
competition keeps changing.
8) The three forces that drives company are
Customers
Competition &
Change.
Customers : Earlier days, Customers had little choice they used to buy the product that was offered
to them. These days customers come with more specifications and they demand for customized
products and they want individual attention. Hence customers have upper hands these days. It’s
difficult for an organization to survive in the long run unless they satisfy customers needs.
Competition : As many companies emerges, the competition rises. They offer good quality of
products at lesser price and consumers prefer such products. Earlier the company could get into
market with an acceptable product/service at the best price would go to sell. But these days
customers prefer high quality at lowest price. The Company, which offers these at best price, goes
high quality and best service becomes standard of all the competitors.
Strategic Management—Page 18
Changes : Changes has become both pervasive and persistent because companies face a greater
competitors and each one introduces a product and service innovation to the market with the
globalisation of the economy. Hence the companies need to move fast in pace with the changing
environment otherwise it’s difficult to move.
CONCLUSION :
In today’s environment nothing is constant and predictable hence for a company to survive
in the long run, it has to satisfy customer needs and cope with the changes in the environment at a
faster rate.
INTRODUCTION
The external environment is made of factors, conditions that influences outside the
organization. The external environment gives rise to opportunities, which can be accomplished, or
it may cause problems to the organization.
SWOT ANALYSIS:
The internal environment refers to all factors within the control of and within the organization.
These factors may impart strengths that can be utilized by the organization or cause weakness,
which becomes threat to the organization.
S – Strength O- Opportunity
W – Weakness T – Threats
Strength: –It is an inherent capacity that is in relation to the environment. For an organization to be
a success it requires strength and it gives strategic advantage to gain more than the competition.
E.g. Innovation and new products are required for superior research and development facilities.
2) Lack of capabilities for the development of new product, which is potentially risky for a
company during the time of crisis.
OPPORTUNITY: can be accomplished and can help to consolidate and strengthen the organization.
It’s a favorable condition for an organization in its environment.
E.g. Due to better GDP growth a company provides increase in demand for the products/services. It
helps in strengthening its position.
THREATS: when the opportunities are not utilized properly it can cause problem to the to the
organization which causes threat. It is unfavorable condition for the organization. It causes
risk/damage to an organization.
E.g. Due to opening up of economy, the emergence of multinational companies, which are stronger
and has good resources, offers stiff competition to the existing companies in an industry.
Strategic Management—Page 19
CONCLUSION
An understanding of both internal and external environment in terms of opportunities,
threat, strength, weaknesses important for existence, growth and profitability of an organization. A
systematic approach and understanding the environment is SWOT analysis all about.
Environment to be studied
1) Events: Is some specific occurrence that takes place in different environmental sectors. E.g.
Bilateral agreement between 2 countries in which the company is operating and facing
competition from local companies.
2) Trends: is the way the environment is shaping up. They are he course of action along which
events take place like global warming, nuclear families etc.
3) Issues: are the current concerns that arise in response to events and trends. E.g. Pollution
Control, Business ethics after scams.
4) Expectations: are the demands made by interested groups in light of their concern. Like
corporate governance, greater transparency, stricted auditing norms.
Strategic Management—Page 20
Integration:-
All those activities performed by an organization from the procurement of Raw materials to
marketing of finished products to the consumers is value chain. So Integration is combining
activities on the basis of value chain related to present activity of a company. Integration helps in
increasing the scope of Business some industries such as steel; Textiles deal with products with
value chain extending from Raw materials to consumers. Reliance is the best example.
A company adopts Integration Strategies only under certain conditions. The condition is “Make or
Buy”. If the cost of making is less then the cost of procurement than the company moves up the
value chain to make the items itself. If the cost of selling finished products is lesser than the price
paid to the seller, then it is profitable for the company to move down on the value chain. In these
cases, company adopts an Integration Strategy. There are two types of Integration.
Vertical Integration:-
Again it is of two types, Backward and Forward Integration. Backward integration is
becoming your own supplier and forward integration is becoming your own customer. Thus any
activity undertaken either for supplying inputs or serving outputs is vertical integration. Eg. Titan,
Automobile Company.
Horizontal Integration:-
When a company starts serving the same customers with additional products that are
different from the earlier in any of the terms of their customer needs functions, either singly or
jointly, it is Horizontal integration. Eg. A Hardware manufacturer starts supplying software also.
DIVERSIFICATION:-
Diversification is one among the expansion strategies. It is the drastic change in the
business in terms of customer functions, customer groups or alternative technologies of one or more
of a company’s business in separation or in combination. Diversification Strategy is important as :
a. They minimize the risk, by spreading
b. They strengthen the organization and minimize the weaknesses.
Conglomerate Diversification:- When an organization takes up activities which are unrelated to the
existing business, it is conglomerate diversification.
CONCLUSION
Integration results in increasing the scope of the business definition of a company.
Integration is also a part of Diversification Strategies as it is doing something different from what
the company has been doing previously. Thus Integration and Diversification are aimed at
improving and increasing the scope of the business.
Strategic Management—Page 21
Strategic Evaluation:-
a) Coordination:-
It helps to check the validity of Strategic choice. It provides feed back on the relevance
of the Strategic choice made during the formulation phase. There are many participants
involved in Strategic Evaluation. They are the Board of Directors, the Strategic
Business Units (SBUs), Chief Executives, Audit and Executive committees, Corporate
planning department.
a. Premise Control:-
It is aimed at evaluating whether the plans programmes and projects are guiding the
organisation towards its objectives or not.
It can be put into practice through the identification and monitoring of Strategic thrusts.
Strategic Management—Page 22
It monitors events inside and outside the company, which threaten the firms strategy.
Broad based, general monitoring on the basis of information sources to uncover events
that affect the Strategy of an Organization.
CONCLUSION
Thus Strategic Evaluation and control process are useful to test the effectiveness of
Strategy.
LIST OF ATTEMPTED QUESTIONS AND ANSWERS
True/False
Question Systems are formal and informal rules and regulations that
complements the company structure
Correct Answer True
True/False
Question Getting new users is a position defense strategy.
True/False
Question The actual performance deviates positively over the budgeted
performanve. This is an indication of superior performance
Correct Answer True
True/False
Question Staffing function applies to all company levels irrespective of
levels of hierarchy
Correct Answer True
Your Answer True
True/False
Question Three C's affecting today's companies are customer, competition
& change
Correct Answer True
True/False
Question Systems are formal and informal rules and regulations that
complements the company structure
Correct Answer True
Correct Answer Assumes factory as an isolated entity , It measures only the cost
of producing
Your Answer Assumes factory as an isolated entity , It measures only the cost
of producing , It uses time as a unit of measure
Environmental Analysis Social, Political, legal & Social, Political, legal &
technology technology
Swot Analysis Matching, converting, Life cycle considerations
minimizing & avoiding
strategies
Marketing strategy Life cycle considerations Matching, converting,
minimizing & avoiding
strategies
True/False
Question The actual performance matches the budgeted performance.
This is a realistic situation.
Correct Answer False
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.
Your 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.
True/False
Question Acquisitions which are friendly are termed as "take-overs".
True/False
Question Macro environment has got immediate impact on business.
True/False
Question Style of a company are the patterns of actions taken by
members of top management over a period of time
Correct Answer True
True/False
Question Systems are formal and informal rules and regulations that
complements the company structure
Correct Answer True
True/False
Question Getting new users is a position defense strategy.
True/False
Question The actual performance deviates positively over the budgeted
performanve. This is an indication of superior performance
Correct Answer True
True/False
Question Staffing function applies to all company levels irrespective of
levels of hierarchy
Correct Answer True
Your Answer True
True/False
Question Three C's affecting today's companies are customer,
competition & change
Correct Answer True
True/False
Question Systems are formal and informal rules and regulations that
complements the company structure
Correct Answer True
Correct Answer Assumes factory as an isolated entity , It measures only the cost
of producing
Your Answer Assumes factory as an isolated entity , It measures only the cost
of producing , It uses time as a unit of measure
Environmental Analysis Social, Political, legal & Social, Political, legal &
technology technology
Swot Analysis Matching, converting, Life cycle considerations
minimizing & avoiding
strategies
Marketing strategy Life cycle considerations Matching, converting,
minimizing & avoiding
strategies
True/False
Question The actual performance matches the budgeted performance.
This is a realistic situation.
Correct Answer False
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.
Your 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.
True/False
Question Acquisitions which are friendly are termed as "take-overs".
True/False
Question Macro environment has got immediate impact on business.
True/False
Question Style of a company are the patterns of actions taken by
members of top management over a period of time
Correct Answer True
True/False
Question All policies are 'statements'
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.
Your 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.
True/False
Question Numerator may bring short-term results, but there may be
serious long-term sacrifices.
Correct Answer False
True/False
Question Change in company structure from divisional to matrix also
mean changes in the systems in various degrees
Correct Answer True
True/False
Question Counterfeiter copy but with a difference that can be seen.
True/False
Question The actual performance matches the budgeted performance.
This is a realistic situation.
Correct Answer False
True/False
Question The actual performance deviates positively over the budgeted
performanve. This is an indication of superior performance
Correct Answer True
True/False
Question Macro environment has got immediate impact on business.
True/False
Question Acquisitions which are friendly are termed as "take-overs".
True/False
Question Under functional strategics we have vertical fit & horizontal fit.
Correct Answer True
True/False
Question Reciprocal responsibility means equal blames and credit.
True/False
Question Getting new users is a position defense strategy.
True/False
Question Budgets are plans expressed in numerical terms usually in
financial terms
Correct Answer True
True/False
Question Business ethics is how personal norms do not apply to activities
& goals of a commercial firm.
Correct Answer False
True/False
Question The environment of any organization is "the aggregate of all
conditions, events and influences that surround and affect it."
Correct Answer True
Environmental Analysis Social, Political, legal & Social, Political, legal &
technology technology
Swot Analysis Matching, converting, Availability of resources
minimizing & avoiding
strategies
Marketing strategy Life cycle considerations Mass segmentation
Ballast business Fit well but low Fit well but low
opportunities opportunities
Gap analysis Difference between Difference between
desired and projected desired and projected
performance performance
Corporate parenting Managing SBU's by a Managing SBU's by a
corporate corporate
Heartland business Give the highest priority Give the highest priority
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.
Your 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.
True/False
Question HR implementation involues a series of action programme like
production, estimation of raw materials, labour & machine hours.
Correct Answer False
True/False
Question The actual performance deviates positively over the budgeted
performanve. This is an indication of superior performance
Correct Answer True
True/False
Question Scheduling is a part of strategic management.
True/False
Question 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/False
Question Acquisitions which are friendly are termed as "take-overs".
Correct Answer False
Your Answer True
True/False
Question Under functional strategics we have vertical fit & horizontal fit.
Correct Answer True
Your Answer True
Emergency alert control evaluation Type of strategic control Type of strategic control
Rely on short term assessment Barrier in evaluation Audit and Executive committee
True/False
Question Scheduling is a part of strategic management.
Correct Answer False
Your Answer False
True/False
Question Arranging training program on productivity is a strategic decision.
Correct Answer False
Your Answer True
True/False
Question Macro environment has got immediate impact on business.
Correct Answer False
Your Answer False
True/False
Question According to Michael Porter, the core of efficiency management is strategy.
Correct Answer True
Your Answer True
True/False
Question Reciprocal responsibility means equal blames and credit.
Correct Answer False
Your Answer True
True/False
Question Macro environment has got immediate impact on business.
Correct Answer False
Your Answer False
Long and short term controls Balanced approach to evaluation Another method of implementation control
True/False
Question Adapter duplicate the leader and claim to be similar or even the same.
Correct Answer False
Your Answer True
True/False
Question Change in company structure from divisional to matrix also mean changes in the systems in
various degrees
Correct Answer True
Your Answer True
True/False
Question Budgets are plans expressed in numerical terms usually in financial terms
Correct Answer True
Your Answer True
True/False
Question The actual performance deviates positively over the budgeted performanve. This is an
indication of superior performance
Correct Answer True
Your Answer True
True/False
Question Scheduling is a part of strategic management.
Correct Answer False
Your Answer False
True/False
Question Staffing function applies to all company levels irrespective of levels of hierarchy
Correct Answer True
Your Answer True
True/False
Question Change in company's strategy gives rise to problems necessitating a new structure to be made
Correct Answer True
Your Answer True
True/False
Question Analysis of variances leads to a plan for corrective action
Correct Answer True
Your Answer True
True/False
Question The environment of any organization is "the aggregate of all conditions, events and influences
that surround and affect it."
Correct Answer True
Your Answer True
True/False
Question Companies have strenghts in a number of areas but their key strength are few in number
Correct Answer True
Your Answer True
mission what the company is and why it exists. what the company is and why it exists.
True/False
Question Environmental competitiveness tends to encourage ethical behaviour.
Correct Answer False
Your Answer False
True/False
Question The actual performance matches the budgeted performance. This is a realistic situation.
Correct Answer False
Your Answer False
True/False
Question Labour satisfaction may result in unethical behaviour as anger.
Correct Answer False
Your Answer False
True/False
Question Style of a company are the patterns of actions taken by members of top management over a
period of time
Correct Answer True
Your Answer True
True/False
Question Systems are formal and informal rules and regulations that complements the company
structure
Correct Answer True
Your Answer True
True/False
Question Acquisitions which are friendly are termed as "take-overs".
Correct Answer False
Your Answer False
True/False
Question HR implementation involues a series of action programme like production, estimation of
raw materials, labour & machine hours.
Correct Answer False
Your Answer False
Multiple Choice Multiple Answer
Question
Correct Answer Conceptual, human & intellectual skills , Decision making ability , Vision
Your Answer Conceptual, human & intellectual skills , Decision making ability , Vision
True/False
Question Timing of measurement before hand serves the purpose of evaluation.
Correct Answer False
Your Answer True
True/False
Question Scheduling is a part of strategic management.
Correct Answer False
Your Answer True
True/False
Question Adapter duplicate the leader and claim to be similar or even the same.
Correct Answer False
Your Answer False
Emergency alert control evaluation Type of strategic control Type of strategic control
Strategic evaluation Effectiveness of strategy Effectiveness of strategy
True/False
Question Micro environment is the internal environment of a company.
Correct Answer False
Your Answer True
True/False
Question All policies are 'statements'
Correct Answer False
Your Answer False
True/False
Question Numerator may bring short-term results, but there may be serious long-term sacrifices.
Correct Answer False
Your Answer False
True/False
Question The environment of any organization is "the aggregate of all conditions, events and
influences that surround and affect it."
Correct Answer True
Your Answer True
True/False
Question Macro environment has got immediate impact on business.
Correct Answer False
Your Answer False
True/False
Question The actual performance deviates positively over the budgeted performanve. This is an
indication of superior performance
Correct Answer True
Your Answer True
True/False
Question Getting new users is a position defense strategy.
Correct Answer False
Your Answer False
True/False
Question Arranging training program on productivity is a strategic decision.
Correct Answer False
Your Answer False
True/False
Question Changes in company structure also necessitates changes in the systems in various degrees
Correct Answer True
Your Answer True
Long and short term controls Balanced approach to evaluation Balanced approach to evaluation
True/False
Question 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
Your Answer False
True/False
Question Acquisitions which are friendly are termed as "take-overs".
Correct Answer False
Your Answer False
True/False
Question All policies are 'statements'
Correct Answer False
Your Answer False
Long and short term controls Balanced approach to evaluation Balanced approach to evaluation
True/False
Question Style of a company are the patterns of actions taken by members of top management over a
period of time
Correct Answer True
Your Answer True
True/False
Question The key principle of moral management is "Can we make money with this action decision
or behaviour"?
Correct Answer False
Your Answer False
True/False
Question All policies are 'statements'
Correct Answer False
Your Answer False
True/False
Question The actual performance matches the budgeted performance. This is a realistic situation.
Correct Answer False
Your Answer False
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.
True/False
Question The super structure indicates ways in which company's tasks are integrated or coordinated
Correct Answer True
Your Answer True
True/False
Question Business ethics is how personal norms do not apply to activities & goals of a commercial
firm.
Correct Answer False
Your Answer True
True/False
Question Adapter duplicate the leader and claim to be similar or even the same.
Correct Answer False
Your Answer False
True/False
Question Arranging training program on productivity is a strategic decision.
Correct Answer False
Your Answer False
True/False
Question Scheduling is a part of strategic management.
Correct Answer False
Your Answer False
True/False
Question Macro environment has got immediate impact on business.
Correct Answer False
Your Answer False
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.
True/False
Question Counterfeiter copy but with a difference that can be seen.
Correct Answer False
Your Answer False
True/False
Question 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
Your Answer False
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
True/False
Question Three C's affecting today's companies are customer, competition & change
Correct Answer True
Your Answer False
True/False
Question Arranging training program on productivity is a strategic decision.
Correct Answer False
Your Answer False
True/False
Question Environmental competitiveness tends to encourage ethical behaviour.
Correct Answer False
Your Answer False
True/False
Question The key principle of moral management is "Can we make money with this action decision
or behaviour"?
Correct Answer False
Your Answer False
True/False
Question Budgets are plans expressed in numerical terms usually in financial terms
Correct Answer True
Your Answer True
True/False
Question Micro environment is the internal environment of a company.
Correct Answer False
Your Answer False
True/False
Question Business ethics is how personal norms do not apply to activities & goals of a commercial
firm.
Correct Answer False
Your Answer False
Multiple Choice Multiple Answer
Question These people are primarily responsible for operating control based on budgeting, reporting
and financial analysis
Correct Answer Company secretary , Auditor , Financial controller
Your Answer Company secretary , Auditor , Financial controller
True/False
Question The actual performance deviates positively over the budgeted
performanve. This is an indication of superior performance
Correct Answer True
True/False
Question Scheduling is a part of strategic management.
True/False
Question The super structure indicates ways in which company's tasks are
integrated or coordinated
Correct Answer True
True/False
Question Companies have strenghts in a number of areas but their key strength
are few in number
Correct Answer True
True/False
Question Change in company's strategy gives rise to problems necessitating a
new structure to be made
Correct Answer True
Correct Answer Operational level system , Knowledge level system , Management level
system
Your Answer Operational level system , Knowledge level system , Management level
system
Correct Answer clarity in strategy & responsibilities , blending cultures , provide for an
exit strategy
Your Answer clarity in strategy & responsibilities , blending cultures , provide for an
exit strategy
True/False
Question All policies are 'statements'
Your Answer Conceptual, human & intellectual skills , Decision making ability , Vision
True/False
Question Arranging training program on productivity is a strategic decision.
True/False
Question Acquisitions which are friendly are termed as "take-overs".
True/False
Question The environment of any organization is "the aggregate of all conditions,
events and influences that surround and affect it."
Correct Answer True
True/False
Question Arranging training program on productivity is a strategic decision.
Correct Answer Trust & fairness , Changed Management , Integrity & thoughtfulness
Your Answer Trust & fairness , Changed Management , Integrity & thoughtfulness
True/False
Question Getting new users is a position defense strategy.
True/False
Question Style of a company are the patterns of actions taken by
members of top management over a period of time
Correct Answer True
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.
Your Answer dividing environment into sectors , sub factors , analyze impact
of each sector & sub factor on organization , impact of
organization on each sector
True/False
Question The actual performance deviates positively over the budgeted
performanve. This is an indication of superior performance
Correct Answer True
True/False
Question Business ethics is how personal norms do not apply to activities
& goals of a commercial firm.
Correct Answer False
Correct Answer quality & no. of suppliers , logistics , raw material , trends and
rate of change of technology
Your Answer quality & no. of suppliers , logistics , raw material , trends and
rate of change of technology
True/False
Question Micro environment is the internal environment of a company.
True/False
Question Scheduling is a part of strategic management.
True/False
Question Focused company is generally protected from competition.
True/False
Question Macro environment has got immediate impact on business.
True/False
Question The key principle of moral management is "Can we make money
with this action decision or behaviour"?
Correct Answer False
True/False
Question Arranging training program on productivity is a strategic decision.
Well i had given Strategic management exam today and it went quite good...
Most of the questions are from assignments that i had gone through and even the type of questions is
quite simple
I had alreay uploaded all mine assignment plus a set of another assignments to SM folder under files
section ...
Regarding GE matrix and other theory there was nothing in paper and even i didn't encontered much
questions in assignment too..
Guys SM seems to be a simple so jst take it cool..
***********************************************************************************
hi guys,
i am attaching some imp points of sm. trust me today i gave my sm paper and most of the questions were
from these points and assignments. so guys do these points and assignments thoroughly.
well i had easy paper might be coz i was thorough w ith my entire book coz i read it twice.
anybody so far given financial. i hv my next paper on 23 financial. plz help me with the pattern .
strategic questions;
match the foll was totally of assignment FIt, vision, mission and Bhag
integration
traditional accing
synergy
flotilla
amoral mgt
reciprocal responsibility means = blames and credit true/false
types of envt.
divestment
discretionary activities examples
chalo guys plz help me with financial assignments and updates of exam.
rgds,
shagun
9892867547
there were no questions on structure and systems, style
1
hi everybody
i did strategic mgmt on sat........it was alrite...the true and false was really easy..some questions are from
the assignemnts, but not all...so dont depend entirely on the assignments.. some of the questions i got
were from...
SQC
strategic evaluation
control systems
SBU's
strategic intent
business level strategies
social responsibilities of a business
line organisation
types of info systems
corporate level strategies
thats all i can remember.......hope its of some help..all the best folks..
cheers
carissa
************************************************************************************
2
IMPORTANT POINTS IN STRATEGIC MGT
1
48.Organisational capability is inherent capacity of organisation to use its strength& overcome its
weaknesses to exploit opportunities and face threats in external enviornment.
49.Maintain strategies r dangerous in current markets, where there is intense competition and economy is
dynamic.
50.Backward integration is retreating to source of raw materials i.e., becoming ur own supplier.
51.Forward integration is move organisation nearer to ultimate customer i.e., becoming ur own customer.
52.Eg : of Backward integration is automobile Company going for steel mill.
53.Concentric diversification is when organisation takes up activity related to existing business.
54.Conglomerate diversification is when organisation takes up activity not related to existing business.
55.Startegic turnaround leads to divestment or liquidation.
56.Cash Cows is secured source of income for business.
57.Cost leadership is used when there is demand for functional products.
58.Through differentiation, customer loyalty can be gained.
59.Position defence --- build fortification around one’s territory.
60.Flank defence --- protect weak front by creating outposts to stop attackers.
61.Counteroffensive defence --- respond after attack.
62.Preemptive defence --- attack before competitor starts offence.
63.Mobile defence ---- stretch over new territories, broaden markets.
64.Contraction defence ---- strategic withdrawl and give up weak positions.
65.Counterfeiter ---- duplicate leader & claims to be same.
66.Cloner ---- emulate leader with slight variations.
67.TELCO --- Tata Engineering & Locomotive Company.
68.Payoff is cash that can’t be reinvested in that product.
69.Shell Oil Company developed Directional Policy Matrix in 1970’s.
70.In Directional Policy Matrix, vertical axis is market attractiveness & horizontal axis is competitive
strength.
71.Heartland business --- give highest priority.
72.Edge of Heartland business --- some fit some misfit.
73. Balast Business --- fit well, but low opportunities.
74.Alien territory business ---- little opportunity.
75.Value trap business --- fit well with parenting opportunities, but misfit with understanding of CSFs.
76.PIMS --- Profit Impact of Market Strategy.
77.Delphi model is useful in answering single dimension question.
78.SPACE --- Strategic Position & Action Evaluation.
79.Organisational pyramid gives vertical hierarchy.
80.Attributes of staff function ---- advice, evaluation and expert guidance.
81.Line represent operating deptts and staff- auxiliary deptts.
82.In high growth rate industry, phase of evolution is small and phase of revolution is longer.
83.End of Creativity Phase is marked by Crisis of leadership.
84. End of Direction Phase is marked by Crisis of autonomy.
85. End of Delegation Phase is marked by Crisis of control.
86. End of Coordination Phase is marked by Red tape. Crisis .
87.Empathy ---- thoughtful consideration of emotions or feelings of people while making intelligent
decisions.
88.Invisible hand ---- make profits and obey law.
89.eg of discretionary activities ---- making philanthropic contribution, sponsoring clinic for AIDS victim.
90.Basic & security needs r satisfied by means of economic profits.
91.Affiliation & status needs r satisfied by market structure, conduct & performance.
92.Self actualization needs r satisfied by industry recognition & leadership.
93.Austere model --- owner is at focus.
94.Hoseholder’s model ---- owners and employees r at focus.
95.Vendor model --- customer is at focus.
96.Investment model --- fulfil social responsibility now to reap benefits in future.
97.Civic model --- company attempts to behave as law abiding corporate citizen.
98.Creative model ---- company’s resolution to improve overall quality of life.
99.Sattwa(righteousness) , rajas(selfishness) , tamas(laziness).
100.Archie B Carroll has given 3 major levels of model.
101.Immoral Mgt --- lacks ethical principles and is opposed to ethical behaviour.
102.Principle of Immoral Mgt is “Can we make money with this action, delegation or behaviour?”
2
103. Principle of moral Mgt is “Is this action, delegation or behaviour fair to us and all parties involved?”
104.Moral Mgt ---- strives to follow ethical principles.
105. Principle of ammoral Mgt is “within scope of law can we make money with this action, delegation or
behaviour fair to us and all parties involved?”
106.Ethics Hotline --- special telephone line established to enable employees to bypass normal chain of
command in reporting grievances & serious ethical problems.
107.Debt is cheapest source of financing.
108.TMS is Target Market Segment.
109.Explicit knowledge is formal, systematic and easily communicated.
110.Tacit to explicit is articulation.
111.Explicit to tacit is internalization.
112.BTO is Built to order.
113.Acquisitions unfriendly r takeovers.
114.Synergy bias is overestimating benefits & underestimates costs of synergy.
115.ABB evolved concept of Human Engineering.
116.Capital is scarcest resource in company.
117.Money, competence and physical facilities r critical factors.
118.Sense of urgency increases performance.
3
LIST OF ATTEMPTED QUESTIONS AND ANSWERS
Your Answer Conceptual, human & intellectual skills , Decision making ability , Vision
True/False
Question According to Michael Porter, the core of efficiency management is
strategy.
Correct Answer True
Correct Answer uneconomical separate existence , risk of business gets shared , sharing
competence of each other
Your Answer uneconomical separate existence , sharing competence of each other ,
monopoly of one company
Correct Answer quality & no. of suppliers , logistics , raw material , trends and rate of
change of technology
Your Answer quality & no. of suppliers , logistics , raw material , trends and rate of
change of technology
True/False
Question Changes in company structure also necessitates changes in the systems
in various degrees
Correct Answer True
Correct Answer Vital ingredient in determinig it's future , Yields growth, profits etc , may
result in disaster if inappropriate
Your Answer Vital ingredient in determinig it's future , Only factor determing it's
success or failure , may result in disaster if inappropriate
Correct Answer Type & Strategy of organisation , Environmental uncertainties , Type &
quality of information
Your Answer Type & Strategy of organisation , Environmental uncertainties , Type &
quality of information
Your Answer Conceptual, human & intellectual skills , Decision making ability , Vision
True/False
Question Numerator may bring short-term results, but there may be serious long-
term sacrifices.
Correct Answer False
True/False
Question Arranging training program on productivity is a strategic decision.
True/False
Question The environment of any organization is "the aggregate of all conditions,
events and influences that surround and affect it."
Correct Answer True
True/False
Question Three C's affecting today's companies are customer, competition &
change
Correct Answer True
True/False
Question Business ethics is how personal norms do not apply to activities & goals
of a commercial firm.
Correct Answer False
True/False
Question Scheduling is a part of strategic management.
True/False
Question Standards of performance act as the benchmark against which the actual
performance is compared.
Correct Answer True
True/False
Question All policies are 'statements'
True/False
Question Staffing function applies to all company levels irrespective of levels of
hierarchy
Correct Answer True
Correct Answer between a buyer and a seller , to avail tax concessions , to increase
growth rates
Your Answer between a buyer and a seller , to avail tax concessions , to increase
growth rates
True/False
Question The actual performance deviates positively over the budgeted
performanve. This is an indication of superior performance
Correct Answer True
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
Your Answer Identifies quality and productivity from a production process , Identifies
impact of any change on performance , Instantly spots malfunctions and
show where they occur
True/False
Question HR implementation involues a series of action programme like
production, estimation of raw materials, labour & machine hours.
Correct Answer False
Correct Answer end user specialist , specific customer specialist , geographic specialist
Your Answer end user specialist , specific customer specialist , research specialist
True/False
Question Focused company is generally protected from competition.
True/False
Question Counterfeiter copy but with a difference that can be seen.
True/False
Question Excelling in one market guarantees success in a new.
Correct Answer quality & no. of suppliers , logistics , raw material , trends and rate of
change of technology
Your Answer quality & no. of suppliers , logistics , raw material , trends and rate of
change of technology
True/False
Question Arranging training program on productivity is a strategic decision.
True/False
Question Budgets are plans expressed in numerical terms usually in financial terms
True/False
Question Micro environment is the internal environment of a company.
Correct Answer clarity in strategy & responsibilities , blending cultures , provide for an exit
strategy
Your Answer clarity in strategy & responsibilities , blending cultures , provide for an exit
strategy
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.
Your 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.
True/False
Question Environmental competitiveness tends to encourage ethical behaviour.
Correct Answer Assumes factory as an isolated entity , It measures only the cost of
producing
Your Answer Assumes factory as an isolated entity , It measures only the cost of
producing , It uses time as a unit of measure
True/False
Question Timing of measurement before hand serves the purpose of evaluation.
strategic alliances means two or more entities join two or more entities join
hands for mutual benefit. hands for mutual benefit.
vertical forward integration becoming your own becoming your own customer
means customer
horizontal integration means additional product/service for additional product/service for
same customers same customers
vertical backward integration becoming your own supplier becoming your own supplier
means
Board of Directors Link between company & Link between company &
external environment external environment
Profit centers S.B.U. s Profit making organizations
True/False
Question Macro environment has got immediate impact on business.
True/False
Question Labour satisfaction may result in unethical behaviour as anger.
True/False
Question Reciprocal responsibility means equal blames and credit.
True/False
Question Scheduling is a part of strategic management.
True/False
Question Acquisitions which are friendly are termed as "take- overs".
True/False
Question Adapter duplicate the leader and claim to be similar or even the same.
True/False
Question Analysis of variances leads to a plan for corrective action
True/False
Question Macro environment has got immediate impact on business.
True/False
Question Micro environment is the internal environment of a company.
Correct Answer Operational level system , Knowledge level system , Management level
system
Your Answer Operational level system , Knowledge level system , Management level
system
LIST OF ATTEMPTED QUESTIONS AND ANSWERS
True/False
Question Change in company structure from divisional to matrix also
mean changes in the systems in various degrees
Correct Answer True
Correct Answer Assumes factory as an isolated entity , It measures only the cost
of producing
Your Answer Assumes factory as an isolated entity , It measures only the cost
of producing
True/False
Question Reciprocal responsibility means equal blames and credit.
True/False
Question Standards of performance act as the benchmark against which
the actual performance is compared.
Correct Answer True
True/False
Question Timing of measurement before hand serves the purpose of
evaluation.
Correct Answer False
True/False
Question Macro environment has got immediate impact on business.
True/False
Question Getting new users is a position defense strategy.
True/False
Question Under functional strategics we have vertical fit & horizontal fit.
True/False
Question Budgets are plans expressed in numerical terms usually in
financial terms
Correct Answer True
True/False
Question Getting new users is a position defense strategy.
True/False
Question Style of a company are the patterns of actions taken by
members of top management over a period of time
Correct Answer True
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.
Your Answer dividing environment into sectors , sub factors , analyze impact
of each sector & sub factor on organization , impact of
organization on each sector
True/False
Question The actual performance deviates positively over the budgeted
performanve. This is an indication of superior performance
Correct Answer True
True/False
Question Business ethics is how personal norms do not apply to activities
& goals of a commercial firm.
Correct Answer False
Correct Answer quality & no. of suppliers , logistics , raw material , trends and
rate of change of technology
Your Answer quality & no. of suppliers , logistics , raw material , trends and
rate of change of technology
True/False
Question Micro environment is the internal environment of a company.
True/False
Question Scheduling is a part of strategic management.
True/False
Question Focused company is generally protected from competition.
True/False
Question Macro environment has got immediate impact on business.
True/False
Question The key principle of moral management is "Can we make money
with this action decision or behaviour"?
Correct Answer False
True/False
Question Arranging training program on productivity is a strategic decision.
True/False
Question Systems are formal and informal rules and regulations that
complements the company structure
Correct Answer True
True/False
Question Getting new users is a position defense strategy.
True/False
Question The actual performance deviates positively over the budgeted
performanve. This is an indication of superior performance
Correct Answer True
True/False
Question Staffing function applies to all company levels irrespective of
levels of hierarchy
Correct Answer True
Your Answer True
True/False
Question Three C's affecting today's companies are customer,
competition & change
Correct Answer True
True/False
Question Systems are formal and informal rules and regulations that
complements the company structure
Correct Answer True
Correct Answer Assumes factory as an isolated entity , It measures only the cost
of producing
Your Answer Assumes factory as an isolated entity , It measures only the cost
of producing , It uses time as a unit of measure
Environmental Analysis Social, Political, legal & Social, Political, legal &
technology technology
Swot Analysis Matching, converting, Life cycle considerations
minimizing & avoiding
strategies
Marketing strategy Life cycle considerations Matching, converting,
minimizing & avoiding
strategies
True/False
Question The actual performance matches the budgeted performance.
This is a realistic situation.
Correct Answer False
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.
Your 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.
True/False
Question Acquisitions which are friendly are termed as "take-overs".
True/False
Question Macro environment has got immediate impact on business.
True/False
Question Style of a company are the patterns of actions taken by
members of top management over a period of time
Correct Answer True
a)
Strategies
b) Resources
c) Competence
Time
d)
True/False
Question Counterfeiter copy but with a difference that can be seen.
Correct Answer False
Your Answer False
True/False
Question Acquisitions which are friendly are termed as "take -overs".
Correct Answer False
Your Answer False
True/False
Question Business ethics is how personal norms do not apply to
activities &
goals of a commercial firm.
Correct Answer False
Your Answer False
True/False
Question Budgets are plans expressed in numerical terms usually in
financial
terms
Correct Answer True
Your Answer True
True/False
Question Micro environment is the internal environment of a company.
Correct Answer False
Your Answer False
True/False
Question Macro environment has got immediate impact on business.
Correct Answer False
Your Answer True
True/False
Question Three C's affecting today's companies are customer,
competition &
change
Correct Answer True
Your Answer True
Alternate futures Option valuation model Fit well but low opportunities
True/False
Question Adapter duplicate the leader and claim to be similar or even
the
same.
Correct Answer False
Your Answer False
True/False
Question Focused company is generally protected from competition.
Correct Answer True
Your Answer True
True/False
Question Macro environment has got immediate impact on business.
Correct Answer False
Your Answer False
LIST OF ATTEMPTED QUESTIONS AND ANSWERS
True/False
Question Systems are formal and informal rules and regulations that
complements the company structure
Correct Answer True
Your Answer True
True/False
Question Divestiture is opposed to diversification.
Correct Answer False
Your Answer True
Ballast business Fit well but low Fit well but low
opportunities opportunities
Gap analysis Difference between desired Difference between desired
and projected performance and projected performance
Corporate parenting Managing SBU's by a Misfit with understanding
corporate of critical success factors
Heartland business Give the highest priority Give the highest priority
Select The Blank
Question Make or buy decision is related with ________strategy.
Correct Answer vertical ( backward ) integration
Your Answer vertical ( backward ) integration
True/False
Question Excelling in one market guarantees success in a new.
Correct Answer False
Your Answer False
True/False
Question Change in company structure from divisional to matrix also mean
changes in the systems in various degrees
Correct Answer True
Your Answer True
True/False
Question Labour satisfaction may result in unethical behaviour as anger.
Correct Answer False
Your Answer True
True/False
Question The environment of any organization is "the aggregate of all
conditions, events and influences that surround and affect it."
Correct Answer True
Your Answer True
True/False
Question Macro environment has got immediate impact on business.
Correct Answer False
Your Answer False
True/False
Question Systems are formal and informal rules and regulations that
complements the company structure
Correct Answer True
Your Answer True
True/False
Question Divestiture is opposed to diversification.
Correct Answer False
Your Answer True
Ballast business Fit well but low Fit well but low
opportunities opportunities
Gap analysis Difference between desired Difference between desired
and projected performance and projected performance
Corporate parenting Managing SBU's by a Misfit with understanding
corporate of critical success factors
Heartland business Give the highest priority Give the highest priority
True/False
Question Changes in company structure also necessitates changes in the
systems in various degrees
Correct Answer True
Your Answer True
True/False
Question Budgets are plans expressed in numerical terms usually in financial
terms
Correct Answer True
Your Answer True
True/False
Question Under functional strategics we have vertical fit & horizontal fit.
Correct Answer True
Your Answer True
LIST OF ATTEMPTED QUESTIONS AND ANSWERS
True/False
Question Micro environment is the internal environment of a company.
True/False
Question The environment of any organization is "the aggregate of all
conditions, events and influences that surround and affect it."
Correct Answer True
True/False
Question The actual performance deviates positively over the budgeted
performanve. This is an indication of superior performance
Correct Answer True
True/False
Question HR implementation involues a series of action programme like
production, estimation of raw materials, labour & machine hours.
Correct Answer False
True/False
Question The environment of any organization is "the aggregate of all
conditions, events and influences that surround and affect it."
Correct Answer True
True/False
Question 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
Correct Answer Vital ingredient in determinig it's future , Yields growth, profits etc
, may result in disaster if inappropriate
Your Answer Vital ingredient in determinig it's future , Yields growth, profits etc
, may result in disaster if inappropriate
True/False
Question Business ethics is how personal norms do not apply to activities
& goals of a commercial firm.
Correct Answer False
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.
Your 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.
True/False
Question Counterfeiter copy but with a difference that can be seen.
True/False
Question Systems are formal and informal rules and regulations that
complements the company structure
Correct Answer True
True/False
Question Getting new users is a position defense strategy.
True/False
Question The actual performance deviates positively over the budgeted
performanve. This is an indication of superior performance
Correct Answer True
True/False
Question Staffing function applies to all company levels irrespective of
levels of hierarchy
Correct Answer True
Your Answer True
True/False
Question Three C's affecting today's companies are customer, competition
& change
Correct Answer True
True/False
Question Systems are formal and informal rules and regulations that
complements the company structure
Correct Answer True
Correct Answer Assumes factory as an isolated entity , It measures only the cost
of producing
Your Answer Assumes factory as an isolated entity , It measures only the cost
of producing , It uses time as a unit of measure
Environmental Analysis Social, Political, legal & Social, Political, legal &
technology technology
Swot Analysis Matching, converting, Life cycle considerations
minimizing & avoiding
strategies
Marketing strategy Life cycle considerations Matching, converting,
minimizing & avoiding
strategies
True/False
Question The actual performance matches the budgeted performance.
This is a realistic situation.
Correct Answer False
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.
Your 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.
True/False
Question Acquisitions which are friendly are termed as "take-overs".
True/False
Question Macro environment has got immediate impact on business.
True/False
Question Style of a company are the patterns of actions taken by
members of top management over a period of time
Correct Answer True
True/False
Question Change in company's strategy gives rise to problems necessitating a new
structure to be made
Correct Answer True
Your Answer True
True/False
Question Timing of measurement before hand serves the purpose of evaluation.
Correct Answer False
Your Answer True
True/False
Question According to Michael Porter, the core of efficiency management is strategy.
Correct Answer True
Your Answer True
True/False
Question Style of a company are the patterns of actions taken by members of top
management over a period of time
Correct Answer True
Your Answer True
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
vertical backward integration means becoming your own supplier becoming your own
supplier
True/False
Question Arranging training program on productivity is a strategic decision.
Correct Answer False
Your Answer False
True/False
Question Getting new users is a position defense strategy.
Correct Answer False
Your Answer False
True/False
Question Scheduling is a part of strategic management.
Correct Answer False
Your Answer False
True/False
Question Macro environment has got immediate impact on business.
Correct Answer False
Your Answer False
True/False
Question Macro environment has got immediate impact on business.
Correct Answer False
Your Answer False
Select The Blank
Question A hardware manufacture enters into software is an example of
________integration.
Correct Answer vertical ( forward )
Your Answer vertical ( forward )
True/False
Question Reciprocal responsibility means equal blames and credit.
Correct Answer False
Your Answer True
Vertical forward integration means Becoming your own customer Becoming your own
customer
Position defense means Fortification around one's territory Fortification around one's
territory
True/False
Question The actual performance deviates positively over the budgeted performanve.
This is an indication of superior performance
Correct Answer True
Your Answer True
True/False
Question 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
Your Answer False
True/False
Question Micro environment is the internal environment of a company.
True/False
Question Focused company is generally protected from competition.
True/False
Question The environment of any organization is "the aggregate of all
conditions, events and influences that surround and affect it."
Correct Answer True
True/False
Question The actual performance deviates positively over the budgeted
performanve. This is an indication of superior performance
Correct Answer True
True/False
Question HR implementation involues a series of action programme like
production, estimation of raw materials, labour & machine hours.
Correct Answer False
True/False
Question The environment of any organization is "the aggregate of all
conditions, events and influences that surround and affect it."
Correct Answer True
Your Answer True
True/False
Question 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
Ballast business Fit well but low Fit well but low
opportunities opportunities
Gap analysis Difference between Some fit and some misfit
desired and projected
performance
Corporate parenting Managing SBU's by a Misfit with understanding
corporate of critical success factors
Heartland business Give the highest priority Give the highest priority
Correct Answer Vital ingredient in determinig it's future , Yields growth, profits
etc , may result in disaster if inappropriate
Your Answer Vital ingredient in determinig it's future , Yields growth, profits
etc , may result in disaster if inappropriate
True/False
Question Business ethics is how personal norms do not apply to activities
& goals of a commercial firm.
Correct Answer False
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.
Your 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.
True/False
Question Counterfeiter copy but with a difference that can be seen.
True/False
Question Systems are formal and informal rules and regulations that
complements the company structure
Correct Answer True
True/False
Question Getting new users is a position defense strategy.
True/False
Question The actual performance deviates positively over the budgeted
performanve. This is an indication of superior performance
Correct Answer True
True/False
Question Staffing function applies to all company levels irrespective of
levels of hierarchy
Correct Answer True
Your Answer True
True/False
Question Three C's affecting today's companies are customer,
competition & change
Correct Answer True
True/False
Question Systems are formal and informal rules and regulations that
complements the company structure
Correct Answer True
Correct Answer Assumes factory as an isolated entity , It measures only the cost
of producing
Your Answer Assumes factory as an isolated entity , It measures only the cost
of producing , It uses time as a unit of measure
Environmental Analysis Social, Political, legal & Social, Political, legal &
technology technology
Swot Analysis Matching, converting, Life cycle considerations
minimizing & avoiding
strategies
Marketing strategy Life cycle considerations Matching, converting,
minimizing & avoiding
strategies
True/False
Question The actual performance matches the budgeted performance.
This is a realistic situation.
Correct Answer False
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.
Your 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.
True/False
Question Acquisitions which are friendly are termed as "take-overs".
True/False
Question Macro environment has got immediate impact on business.
True/False
Question Style of a company are the patterns of actions taken by
members of top management over a period of time
Correct Answer True
True/False
Question Micro environment is the internal environment of a company.
True/False
Question Timing of measurement before hand serves the purpose of
evaluation.
Correct Answer False
True/False
Question Changes in company structure also necessitates changes in the
systems in various degrees
Correct Answer True
True/False
Question The actual performance deviates positively over the budgeted
performanve. This is an indication of superior performance
Correct Answer True
True/False
Question The environment of any organization is "the aggregate of all
conditions, events and influences that surround and affect it."
Correct Answer True
True/False
Question Change in company's strategy gives rise to problems
necessitating a new structure to be made
Correct Answer True
True/False
Question Systems are formal and informal rules and regulations that
complements the company structure
Correct Answer True
True/False
Question The environment of any organization is "the aggregate of all
conditions, events and influences that surround and affect it."
Correct Answer True
True/False
Question Change in company structure from divisional to matrix also mean
changes in the systems in various degrees
Correct Answer True
True/False
Question Staffing function applies to all company levels irrespective of
levels of hierarchy
Correct Answer True
True/False
Question HR implementation involues a series of action programme like
production, estimation of raw materials, labour & machine hours.
Correct Answer False
True/False
Question Three C's affecting today's companies are customer, competition
& change
Correct Answer True
True/False
Question The super structure indicates ways in which company's tasks are
integrated or coordinated
Correct Answer True
True/False
Question The actual performance matches the budgeted performance.
This is a realistic situation.
Correct Answer False
True/False
Question Excelling in one market guarantees success in a new.
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.
Your 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.
True/False
Question Scheduling is a part of strategic management.
True/False
Question Micro environment is the internal environment of a company.
True/False
Question The key principle of moral management is "Can we make money
with this action decision or behaviour"?
Correct Answer False
True/False
Question Environmental competitiveness tends to encourage ethical
behaviour.
Correct Answer False
True/False
Question Systems are formal and informal rules and regulations that
complements the company structure
Correct Answer True
Correct Answer Assumes factory as an isolated entity , It measures only the cost
of producing
Your Answer Assumes factory as an isolated entity , It measures only the cost
of producing
Correct Answer Increased market power , Increased diversification , Increased speed to market
Your Answer Increased market power , Increased diversification , Increased speed to market
Correct Answer Vital ingredient in determinig it's future , Yields growth, profits etc , may result in
disaster if inappropriate
Your Answer Vital ingredient in determinig it's future , Yields growth, profits etc , may result in
disaster if inappropriate
Correct Answer uneconomical separate existence , risk of business gets shared , sharing
competence of each other
Your Answer uneconomical separate existence , risk of business gets shared , sharing
competence of each other
True/False
Question Arranging training program on productivity is a strategic decision.
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
Your Answer Identifies impact of any change on performance , Instantly spots malfunctions and
show where they occur , Identifies quality and productivity from a production
process
True/False
Question Under functional strategics we have vertical fit & horizontal fit.
Correct Answer trends and rate of change of technology , quality & no. of suppliers , logistics , raw
material
Your Answer quality & no. of suppliers , logistics , raw material , trends and rate of change of
technology
True/False
Question Systems are formal and informal rules and regulations that complements the
company structure
Correct Answer True
True/False
Question HR implementation involues a series of action programme like production,
estimation of raw materials, labour & machine hours.
Correct Answer False
True/False
Question Macro environment has got immediate impact on business.
Rules Spell out specific action or non- Spell out specific action or non-
action action
True/False
Question Focused company is generally protected from competition.
True/False
Question The actual performance deviates positively over the budgeted performanve. This is
an indication of superior performance
Correct Answer True
Correct Answer Type & Strategy of organisation , Environmental uncertainties , Type & quality of
information
Your Answer Type & Strategy of organisation , Environmental uncertainties , Type & quality of
information
True/False
Question Environmental competitiveness tends to encourage ethical behaviour.
Correct Answer Trust & fairness , Changed Management , Integrity & thoughtfulness
Your Answer Trust & fairness , Changed Management , Integrity & thoughtfulness
True/False
Question The key principle of moral management is "Can we make money with this action
decision or behaviour"?
Correct Answer False
Your Answer False
True/False
Question Three C's affecting today's companies are customer, competition & change
True/False
Question Companies have strenghts in a number of areas but their key strength are few in
number
Correct Answer True
Question ________cost accounting measures the cost of producing and ignores the
cost of non-producing
Correct Answer Traditional
Question This strategic posture invests sufficiently to stay in the race but avoids pre-
mature commitments
Correct Answer Reserve the right to play
True/False
Question Systems are formal and informal rules and regulations that complements
the company structure
Correct Answer True
True/False
Question Divestiture is opposed to diversification.
Correct Answer False
Ballast business Fit well but low opportunities Fit well but low opportunities
True/False
Question Excelling in one market guarantees success in a new.
True/False
Question Change in company structure from divisional to matrix also mean changes
in the systems in various degrees
Correct Answer True
Your Answer True
True/False
Question Labour satisfaction may result in unethical behaviour as anger.
Your Answer Vision , Conceptual, human & intellectual skills , Decision making ability
True/False
Question The environment of any organization is "the aggregate of all conditions,
events and influences that surround and affect it."
Correct Answer True
Your Answer True
True/False
Question Macro environment has got immediate impact on business.
True/False
Question Systems are formal and informal rules and regulations that complements
the company structure
Correct Answer True
Your Answer True
True/False
Question Divestiture is opposed to diversification.
Ballast business Fit well but low opportunities Fit well but low opportunities
Heartland business Give the highest priority Give the highest priority
True/False
Question Changes in company structure also necessitates changes in the systems in
various degrees
Correct Answer True
Your Answer True
Correct Answer Vital ingredient in determinig it's future , Yields growth, profits etc , may
result in disaster if inappropriate
Your Answer Vital ingredient in determinig it's future , Yields growth, profits etc , may
result in disaster if inappropriate
True/False
Question Budgets are plans expressed in numerical terms usually in financial terms
Correct Answer True
True/False
Question Under functional strategics we have vertical fit & horizontal fit.
True/False
Question Three C's affecting today's companies are cust omer, competition & change
Correct Answer True
Your Answer True
True/False
Question Adapter duplicate the leader and claim to be similar or even the same.
Correct Answer False
Your Answer False
True/False
Question The actual performance deviates positively over the budgeted performanve. This is an
indication of superior performance
Correct Answer True
Your Answer True
True/False
Question Arranging training program on productivity is a strategic decision.
Correct Answer False
Your Answer False
True/False
Question Macro environment has got immediate impact on business.
Correct Answer False
Your Answer False
True/False
Question Systems are formal and informal rules and regulations that complements the company
structure
Correct Answer True
Your Answer True
True/False
Question Changes in company structure also necessitates changes in the systems in various degrees
Correct Answer True
Your Answer True
True/False
Question The key principle of moral management is "Can we make money with this action
decision or behaviour"?
Correct Answer False
Your Answer False
True/False
Question Scheduling is a part of strategic management.
Correct Answer False
Your Answer False
True/False
Question The environment of any organization is "the aggregate of all conditions, events and
influences that surround and affect it."
Correct Answer True
Your Answer True
True/False
Question Macro environment has got immediate impact on business.
True/False
Question Micro environment is the internal environment of a company.
True/False
Question Focused company is generally protected from competition.
True/False
Question Business ethics is how personal norms do not apply to activities
& goals of a commercial firm.
Correct Answer False
strategic alliances means two or more entities join two or more entities join
hands for mutual benefit. hands for mutual benefit.
vertical forward becoming your own becoming your own
integration means customer customer
horizontal integration additional product/service additional product/service
means for same customers for same customers
vertical backward becoming your own becoming your own
integration means supplier supplier
True/False
Question HR implementation involues a series of action programme like
production, estimation of raw materials, labour & machine
hours.
Correct Answer False
True/False
Question Change in company structure from divisional to matrix also
mean changes in the systems in various degrees
Correct Answer True
True/False
Question Three C's affecting today's companies are customer,
competition & change
Correct Answer True
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.
Your 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.
True/False
Question Style of a company are the patterns of actions taken by
members of top management over a period of time
Correct Answer True
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.
Your 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.
True/False
Question Arranging training program on productivity is a strategic
decision.
Correct Answer False
True/False
Question Changes in company structure also necessitates changes in the
systems in various degrees
Correct Answer True
True/False
Question All policies are 'statements'
True/False
Question Macro environment has got immediate impact on business.
True/False
Question The actual performance deviates positively over the budgeted
performanve. This is an indication of superior performance
Correct Answer True
True/False
Question Scheduling is a part of strategic management.
True/False
Question Scheduling is a part of strategic management.
True/False
Question Arranging training program on productivity is a strategic
decision.
Correct Answer False
True/False
Question Three C's affecting today's companies are customer,
competition & change
Correct Answer True
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.
Your 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.
Ballast business Fit well but low Fit well but low
opportunities opportunities
Gap analysis Difference between Difference between
desired and projected desired and projected
performance performance
Corporate parenting Managing SBU's by a Managing SBU's by a
corporate corporate
Heartland business Give the highest priority Give the highest priority
True/False
Question Acquisitions which are friendly are termed as "take-overs".
True/False
Question Counterfeiter copy but with a difference that can be seen.
Correct Answer False
Your Answer False
True/False
Question Acquisitions which are friendly are termed as "take-overs".
Page 1
sm1
Correct Answer False
Your Answer False
True/False
Question Business ethics is how personal norms do not apply to activities &
goals of a commercial firm.
Correct Answer False
Your Answer False
True/False
Question Budgets are plans expressed in numerical terms usually in
financial terms
Correct Answer True
Your Answer True
True/False
Question Micro environment is the internal environment of a company.
Correct Answer False
Your Answer False
True/False
Question Macro environment has got immediate impact on business.
Correct Answer False
Page 2
sm1
Your Answer True
Role of SUB-level Executive More focussed on product line & responsible for the
co-ordination between SUBs & Senior managements Important link between
strategizing & implementation
Role of consultants Hired for specialized for new business or expertise Hired
for specialized for new business or expertise
Page 3
sm1
Correct Answer quality & no. of suppliers , logistics , raw material ,
trends and rate of change of technology
Your Answer quality & no. of suppliers , logistics , raw material
True/False
Question Three C's affecting today's companies are customer, competition &
change
Correct Answer True
Your Answer True
Page 4
sm1
7-S Framework Skills, super ordinate goals, structure Skills, super ordinate
goals, structure
Alternate futures Option valuation model Fit well but low opportunities
True/False
Question Adapter duplicate the leader and claim to be similar or even the
same.
Correct Answer False
Your Answer False
True/False
Question Focused company is generally protected from competition.
Correct Answer True
Your Answer True
Page 5
sm1
Multiple Choice Multiple Answer
Question 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.
Your 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.
True/False
Question Macro environment has got immediate impact on business.
Correct Answer False
Your Answer False
Page 6
LIST OF ATTEMPTED QUESTIONS AND ANSWERS
True/False
Question Macro environment has got immediate impact on business.
al
Multiple Choice Single Answer
om ri
Question These people are charged with the responsibility of continuous
screening of performance?
T
Correct Answer Audit committee
r F
Question
iza D
Factors to be considered in political- legal environmental
scanning are
d.c
Correct Answer govt. policies, stability, philosophy of govt. , legal system,
P
implementation, infrastructure , import-export
Your Answer govt. policies, stability, philosophy of govt. , legal system,
implementation, infrastructure
.p m
Correct Answer dividing environment into sectors , sub factors , analyze impact
of each sector & sub factor on organization , description of
cuC
neutral or negative.
Do
True/False
Question Style of a company are the patterns of actions taken by
members of top management over a period of time
Correct Answer True
Your Answer True
al
Multiple Choice Single Answer
Question In SWOT , S stands for
om ri
Correct Answer favorable condition in the organization's environment.
T
Your Answer favorable condition in the organization's environment.
r F
Multiple Choice Single Answer
Question Associated external agencies means
iza D
Correct Answer channel members, customers, suppliers etc.
d.c
P
Your Answer channel members, customers, suppliers etc.
.p m
Correct Answer Conceptual, human & intellectual skills , Decision making ability ,
o
Vision
Your Answer Conceptual, human & intellectual skills , Decision making ability ,
cuC
Vision
al
Correct Answer multinational model , international model , global organizational
model
Your Answer multinational model , international model , global organizational
om ri
model
T
Multiple Choice Single Answer
Question Strategic management is concerned with
r F
Correct Answer long- range planning
Correct Answer dividing environment into sectors , sub factors , analyze impact
.p m
Your Answer 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 ,
cuC
sub factors
al
Multiple Choice Multiple Answer
Question How does 'structure' reduce internal uncertainity arising out of
om ri
human behaviour
Correct Answer Control mechanism , Departmentalisation
T
Your Answer Control mechanism , Departmentalisation , Specialisation
r F
True/False
Question Arranging training program on productivity is a strategic decision.
iza D
Correct Answer False
d.c
P
Your Answer True
.p m
vertical forward integration means becoming your own customer becoming your own customer
horizontal integration means additional product/service for additional product/service for same
same customers customers
vertical backward integration becoming your own supplier becoming your own supplier
means
strategic alliances means two or more entities join hands two or more entities join hands for
for mutual benefit. mutual benefit.
True/False
Question 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/False
Question Scheduling is a part of strategic management.
Your Answer Conceptual, human & intellectual skills , Decision making ability , Vision
Multiple Choice Multiple Answer
Question Techniques used in environmental appraisal are
True/False
Question The actual performance matches the budgeted performance. This is a realistic
situation.
Correct Answer False
True/False
Question Micro environment is the internal environment of a company.
True/False
Question Acquisitions which are friendly are termed as "take-overs".
True/False
Question Budgets are plans expressed in numerical terms usually in financial terms
True/False
Question The environment of any organization is "the aggregate of all conditions,
events and influences that surround and affect it."
Correct Answer True
Your Answer True
True/False
Question Excelling in one market guarantees success in a new.
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
Your Answer Identifies quality and productivity from a production process , Identifies
impact of any change on performance , Instantly spots malfu nctions and
show where they occur
Correct Answer Type & Strategy of organisation , Environmental uncertainties , Type &
quality of information
Your Answer Type & Strategy of organisation , Environmental uncertainties , Type &
quality of information
True/False
Question The environment of any organization is "the aggregate of all conditions,
events and influences that surround and affect it."
Correct Answer True
True/False
Question Arranging training program on productivity is a strategic decision.
Correct Answer between a buyer and a seller , to avail tax concessions , to increase growth
rates
Your Answer between a buyer and a seller , to avail tax concessions , to increase growth
rates
SM2
True/False
Question Staffing function applies to all company levels irrespective of
levels of hierarchy
Correct Answer True
Your Answer True
Page 1
SM2
Correct Answer concentration strategy
Your Answer concentration strategy
True/False
Question The actual performance deviates positively over the budgeted
performanve. This is an indication of superior performance
Correct Answer True
Your Answer True
Page 2
SM2
Question supplier & technological environment is concerned with
Correct Answer quality & no. of suppliers , logistics , raw material ,
trends and rate of change of technology
Your Answer quality & no. of suppliers , logistics , raw material , trends
and rate of change of technology
True/False
Question Labour satisfaction may result in unethical behaviour as
anger.
Correct Answer False
Your Answer False
True/False
Question Reciprocal responsibility means equal blames and credit.
Correct Answer False
Your Answer False
True/False
Question Excelling in one market guarantees success in a new.
Correct Answer False
Your Answer False
Page 3
SM2
True/False
Question Three C's affecting today's companies are customer,
competition & change
Correct Answer True
Your Answer True
True/False
Question HR implementation involues a series of action programme like
production, estimation of raw materials, labour & machine hours.
Correct Answer False
Your Answer True
Ballast business Fit well but low opportunities Fit well but low
opportunities
Heartland business Give the highest priority Give the highest priority
Page 4
SM2
True/False
Question All policies are 'statements'
Correct Answer False
Your Answer True
Page 5
SM2
True/False
Question Divestiture is opposed to diversification.
Correct Answer False
Your Answer True
Page 6
SM2
Correct Answer internal analysis
Your Answer internal analysis
True/False
Question Business ethics is how personal norms do not apply to
activities & goals of a commercial firm.
Correct Answer False
Your Answer False
Page 7
SM assgn : Parmeet
Multiple Choice Single Answer
Question Vertical integration is concerned with
True/False
Question The actual performance deviates positively over the budgeted performanve.
This is an indication of superior performance
Correct Answer True
al
Your Answer True
om ri
True/False
T
Question Scheduling is a part of strategic management.
r F
Your Answer False iza D
True/False
Question All policies are 'statements' d.c
P
Correct Answer False
Rely on short term assessment Barrier in evaluation Audit and Executive committee
al
Correct Answer Consistency with goals , Consistency with environment , Money
om ri
Your Answer Consistency with goals , Consistency with environment , Money
T
Multiple Choice Multiple Answer
Question Attack strategies are
r F
Correct Answer frontal attack , flank attack , encirclement attack
True/False
Question Analysis of variances leads to a plan for corrective action
True/False
Question Standards of performance act as the benchmark against which the actual
performance is compared.
Correct Answer True
al
Select The Blank
om ri
Question Displacing competitor is ________ category of goal.
T
Your Answer common enemy
r F
True/False
Question Counterfeiter copy but with a difference that can be seen.
iza D
Correct Answer False
d.c
P
Your Answer False
.p m
al
Correct Answer Trust & fairness , Changed Management , Integrity & thoughtfulness
om ri
Your Answer Trust & fairness , Changed Management , Integrity & thoughtfulness
T
True/False
Question Reciprocal responsibility means equal blames and credit.
r F
Correct Answer False iza D
Your Answer True
d.c
P
Multiple Choice Single Answer
Question 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
.p m
Correct Answer 9
Your Answer 9
Multiple Choice Multiple Answer
Question The various models of social responsibility are
al
Your Answer role model
om ri
Multiple Choice Single Answer
Question Denominator management
T
Correct Answer cost reduction
r F
Multiple Choice Single Answer
Question
iza D
A network of facilities and distribution that performs the functions of
d.c
procurement of materials trasforming into intermediate and finished
P
products & distributing them to customers is
Correct Answer Supply chains
True/False
Question Companies have strenghts in a number of areas but their key strength are
few in number
Correct Answer True
True/False
Question Environmental competitiveness tends to encourage ethical behaviour.
al
Question Horizontal integration is concerned with
om ri
Your Answer product lines
T
True/False
r F
Question Adapter duplicate the leader and claim to be similar or even the same.
True/False
Question Focused company is generally protected from competition.
al
Horizontal integration means Additional product/service for Additional product/service for same
om ri
same customers customers
Vertical forward integration Becoming your own customer Becoming your own customer
T
means
Position defense means Fortification around one's territory Fortification around one's territory
r F
Question
iza D
Organizational models are
True/False
Question Changes in company structure also necessitates changes in the
systems in various degrees
Correct Answer True
Your Answer False
Page 1
SM3
Multiple Choice Multiple Answer
Question The major issues of appraisal system are
Correct Answer Factors of appraisal , Relevance of apprasial ,
Procedure of appraisal
Your Answer Factors of appraisal , Procedure of appraisal , Individual
appraisal
Page 2
SM3
Correct Answer Increased market power , Increased diversification ,
Increased speed to market
Your Answer Increased market power , Increased diversification , Encourage
excessive competition
True/False
Question Arranging training program on productivity is a strategic
decision.
Correct Answer False
Your Answer True
Page 3
SM3
Select The Blank
Question Displacing competitor is ________ category of goal.
Correct Answer common enemy
Your Answer competitive
True/False
Question The super structure indicates ways in which company's tasks
are integrated or coordinated
Correct Answer True
Your Answer True
True/False
Question Change in company structure from divisional to matrix also
mean changes in the systems in various degrees
Correct Answer True
Your Answer True
Page 4
SM3
True/False
Question The environment of any organization is "the aggregate of all
conditions, events and influences that surround and affect it."
Correct Answer True
Your Answer True
True/False
Question Acquisitions which are friendly are termed as "take-overs".
Correct Answer False
Your Answer False
Page 5
SM3
True/False
Question Companies have strenghts in a number of areas but their key
strength are few in number
Correct Answer True
Your Answer True
True/False
Question Environmental competitiveness tends to encourage ethical
behaviour.
Correct Answer False
Your Answer True
Page 6
SM3
Question ________ relationships are effective in communicating
complex information
Correct Answer Personal
Your Answer Formal
True/False
Question Under functional strategics we have vertical fit & horizontal
fit.
Correct Answer True
Your Answer True
Page 7
SM assgn : Parmeet
True/False
Question The key principle of moral management is "Can we make money with this action
decision or behaviour"?
Correct Answer False
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.
Your 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.
Correct Answer quality & no. of suppliers , logistics , raw material , trends and rate of change of
technology
Your Answer quality & no. of suppliers , logistics , raw material , trends and rate of change of
technology
True/False
Question Timing of measurement before hand serves the purpose of evaluation.
True/False
Question Systems are formal and informal rules and regulations that complements the
company structure
Correct Answer True
True/False
Question Change in company structure from divisional to matrix also mean changes in the
systems in various degrees
Correct Answer True
True/False
Question Getting new users is a position defense strategy.
Board of Directors Link between company & external Link between company & external
environment environment
Profit centers S.B.U. s S.B.U. s
True/False
Question Macro environment has got immediate impact on business.
Correct Answer Conceptual, human & intellectual skills , Decision making ability , Vision
Your Answer Conceptual, human & intellectual skills , Decision making ability , Vision
True/False
Question Numerator may bring short-term results, but there may be serious long-term
sacrifices.
Correct Answer False
True/False
Question Micro environment is the internal environment of a company.
True/False
Question Style of a company are the patterns of actions taken by members of top
management over a period of time
Correct Answer True
True/False
Question According to Michael Porter, the core of efficiency management is strategy.
Correct Answer govt. policies, stability, philosophy of govt. , legal system, implementation,
infrastructure , import-export
Your Answer govt. policies, stability, philosophy of govt. , legal system, implementation,
infrastructure , import-export
Correct Answer uneconomical separate existence , risk of business gets shared , sharing competence
of each other
Your Answer uneconomical separate existence , risk of business gets shared , sharing competence
of each other
True/False
Question Macro environment has got immediate impact on business.
Correct Answer False
mission what the company is and why it exists. what the company is and
why it exists.
Page 1
SM4
Correct Answer Top Management
Your Answer Top Management
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.
Page 2
SM4
Your Answer Binary
True/False
Question Micro environment is the internal environment of a company.
Correct Answer False
Your Answer False
True/False
Question The actual performance deviates positively over the budgeted
performanve. This is an indication of superior performance
Correct Answer True
Your Answer True
Page 3
SM4
True/False
Question Environmental competitiveness tends to encourage ethical
behaviour.
Correct Answer False
Your Answer False
Page 4
SM4
Your Answer Delegation
True/False
Question Counterfeiter copy but with a difference that can be seen.
Correct Answer False
Your Answer False
True/False
Question Macro environment has got immediate impact on business.
Correct Answer False
Your Answer False
Page 5
SM4
True/False
Question Macro environment has got immediate impact on business.
Correct Answer False
Your Answer False
True/False
Question Labour satisfaction may result in unethical behaviour as
anger.
Correct Answer False
Your Answer False
True/False
Question Staffing function applies to all company levels irrespective of
levels of hierarchy
Correct Answer True
Your Answer True
Page 6
SM4
True/False
Question Style of a company are the patterns of actions taken by
members of top management over a period of time
Correct Answer True
Your Answer True
True/False
Question The environment of any organization is "the aggregate of all
conditions, events and influences that surround and affect it."
Correct Answer True
Your Answer True
Page 7
SM5
Page 1
SM5
Your Answer Psychiatrists
True/False
Question Micro environment is the internal environment of a company.
Correct Answer False
Your Answer False
True/False
Question Focused company is generally protected from competition.
Correct Answer True
Your Answer True
Page 2
SM5
True/False
Question The environment of any organization is "the aggregate of all
conditions, events and influences that surround and affect it."
Correct Answer True
Your Answer True
Page 3
SM5
True/False
Question The actual performance deviates positively over the budgeted
performanve. This is an indication of superior performance
Correct Answer True
Your Answer True
True/False
Question HR implementation involues a series of action programme like
production, estimation of raw materials, labour & machine hours.
Correct Answer False
Your Answer False
True/False
Question The environment of any organization is "the aggregate of all
conditions, events and influences that surround and affect it."
Correct Answer True
Your Answer True
True/False
Question 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
Your Answer False
Page 4
SM5
Correct Answer inherent inadequacy of organization
Your Answer inherent inadequacy of organization
Ballast business Fit well but low opportunities Fit well but low
opportunities
Heartland business Give the highest priority Give the highest priority
Page 5
SM5
Your Answer Question marks , Stars , Cash cowsCash cowsc
True/False
Question Business ethics is how personal norms do not apply to
activities & goals of a commercial firm.
Correct Answer False
Your Answer False
Page 6
SM5
Top level Executives Taking decisions regarding efficient and effective
allocation of resources Taking decisions regarding efficient and effective
allocation of resources
True/False
Question Counterfeiter copy but with a difference that can be seen.
Correct Answer False
Your Answer True
Page 7
SM6
True/False
Question All policies are 'statements'
Correct Answer False
Your Answer False
True/False
Page 1
SM6
Question Budgets are plans expressed in numerical terms usually in
financial terms
Correct Answer True
Your Answer True
mission what the company is and why it exists. what the company is and
why it exists.
Page 2
SM6
Your Answer internal transformation
True/False
Question Macro environment has got immediate impact on business.
Correct Answer False
Your Answer False
True/False
Question Micro environment is the internal environment of a company.
Correct Answer False
Your Answer False
Page 3
SM6
Multiple Choice Multiple Answer
Question Three important managerial qualities required for the
effective strategic management
Correct Answer Conceptual, human & intellectual skills , Decision
making ability , Vision
Your Answer Conceptual, human & intellectual skills , Decision making
ability , Vision
True/False
Question Arranging training program on productivity is a strategic
decision.
Correct Answer False
Your Answer False
True/False
Question Scheduling is a part of strategic management.
Correct Answer False
Your Answer False
True/False
Question The key principle of moral management is "Can we make
money with this action decision or behaviour"?
Correct Answer False
Your Answer False
True/False
Question Arranging training program on productivity is a strategic
decision.
Correct Answer False
Your Answer False
Page 4
SM6
of human behaviour
Correct Answer Control mechanism , Departmentalisation
Your Answer Control mechanism , Departmentalisation
True/False
Question The environment of any organization is "the aggregate of all
conditions, events and influences that surround and affect it."
Correct Answer True
Your Answer True
Page 5
SM6
True/False
Question Environmental competitiveness tends to encourage ethical
behaviour.
Correct Answer False
Your Answer False
Page 6
SM6
Page 7
SM7
True/False
Question The environment of any organization is "the aggregate of all
conditions, events and influences that surround and affect it."
Correct Answer True
Your Answer True
True/False
Question Style of a company are the patterns of actions taken by
members of top management over a period of time
Correct Answer True
Your Answer True
True/False
Question Scheduling is a part of strategic management.
Correct Answer False
Your Answer True
Page 1
SM7
strategic alliances means two or more entities join hands for mutual benefit.
two or more entities join hands for mutual benefit.
True/False
Question Business ethics is how personal norms do not apply to
activities & goals of a commercial firm.
Correct Answer False
Your Answer True
Page 2
SM7
Question Core purpose
Correct Answer mission
Your Answer vision
Page 3
SM7
Question Correct Answer Your Answer
True/False
Question Budgets are plans expressed in numerical terms usually in
financial terms
Correct Answer True
Your Answer True
True/False
Question Excelling in one market guarantees success in a new.
Correct Answer False
Your Answer False
Page 4
SM7
Question It is the process of selecting people for company positions and
developing skills and abilities for assignments in the company
Correct Answer Staffing
Your Answer Staffing
True/False
Question Analysis of variances leads to a plan for corrective action
Correct Answer True
Your Answer True
True/False
Question Change in company structure from divisional to matrix also
mean changes in the systems in various degrees
Correct Answer True
Your Answer True
Page 5
SM7
scenario is
Correct Answer Technology forecasting
Your Answer Latent demand research
True/False
Question Macro environment has got immediate impact on business.
Correct Answer False
Your Answer False
True/False
Question Environmental competitiveness tends to encourage ethical
behaviour.
Correct Answer False
Your Answer True
True/False
Question Arranging training program on productivity is a strategic
decision.
Correct Answer False
Your Answer True
Page 6
SM7
Multiple Choice Single Answer
Question Strategic management is mainly the responsibility of
Correct Answer Top Management
Your Answer Top Management
Page 7
SM8
True/False
Question The actual performance deviates positively over the budgeted
performanve. This is an indication of superior performance
Correct Answer True
Your Answer True
Page 1
SM8
True/False
Question Labour satisfaction may result in unethical behaviour as
anger.
Correct Answer False
Your Answer False
True/False
Question Getting new users is a position defense strategy.
Correct Answer False
Your Answer False
Page 2
SM8
True/False
Question Arranging training program on productivity is a strategic
decision.
Correct Answer False
Your Answer False
Page 3
SM8
Correct Answer Inner Circle , Intermediate circle , Outer Circle
Your Answer Inner Circle , Intermediate circle , Outer Circle
True/False
Question Analysis of variances leads to a plan for corrective action
Correct Answer True
Your Answer True
True/False
Question Counterfeiter copy but with a difference that can be seen.
Correct Answer False
Your Answer False
True/False
Page 4
SM8
Question Acquisitions which are friendly are termed as "take-overs".
Correct Answer False
Your Answer False
True/False
Question Under functional strategics we have vertical fit & horizontal
fit.
Correct Answer True
Your Answer True
Page 5
SM8
technology
True/False
Question All policies are 'statements'
Correct Answer False
Your Answer False
Page 6
SM8
Question Companies employ trained ________ to develop "competency
models" to identify potential leaders
Correct Answer Psychologists
Your Answer Psychologists
True/False
Question Staffing function applies to all company levels irrespective of
levels of hierarchy
Correct Answer True
Your Answer True
Page 7
SM9
Page 1
SM9
vertical backward integration means becoming your own supplier
becoming your own supplier
strategic alliances means two or more entities join hands for mutual benefit.
two or more entities join hands for mutual benefit.
True/False
Question 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
Your Answer False
True/False
Question Scheduling is a part of strategic management.
Correct Answer False
Your Answer True
Page 2
SM9
Correct Answer Conceptual, human & intellectual skills , Decision
making ability , Vision
Your Answer Conceptual, human & intellectual skills , Decision making
ability , Vision
True/False
Question The actual performance matches the budgeted performance.
This is a realistic situation.
Correct Answer False
Your Answer False
True/False
Question Micro environment is the internal environment of a company.
Correct Answer False
Your Answer False
Page 3
SM9
True/False
Question Acquisitions which are friendly are termed as "take-overs".
Correct Answer False
Your Answer False
True/False
Question Budgets are plans expressed in numerical terms usually in
financial terms
Correct Answer True
Your Answer True
True/False
Question The environment of any organization is "the aggregate of all
conditions, events and influences that surround and affect it."
Page 4
SM9
Correct Answer True
Your Answer True
True/False
Question Excelling in one market guarantees success in a new.
Correct Answer False
Your Answer False
Page 5
SM9
Your Answer Research and planning , Forecasting
Page 6
SM9
True/False
Question The environment of any organization is "the aggregate of all
conditions, events and influences that surround and affect it."
Correct Answer True
Your Answer True
True/False
Question Arranging training program on productivity is a strategic
decision.
Correct Answer False
Your Answer False
Page 7
SM10
True/False
Question The actual performance deviates positively over the budgeted
performanve. This is an indication of superior performance
Correct Answer True
Your Answer True
True/False
Question Scheduling is a part of strategic management.
Correct Answer False
Your Answer False
True/False
Question All policies are 'statements'
Correct Answer False
Your Answer False
Page 1
SM10
Correct Answer Information , Expertise , Intelligence
Your Answer Information , Expertise , Intelligence
True/False
Question Analysis of variances leads to a plan for corrective action
Correct Answer True
Your Answer True
True/False
Question Standards of performance act as the benchmark against which
the actual performance is compared.
Correct Answer True
Your Answer True
Page 2
SM10
Question Macro environment
Correct Answer Political- legal , socio-cultural ,
economic-demographic
Your Answer Political- legal , socio-cultural , economic-demographic ,
technology
True/False
Question Counterfeiter copy but with a difference that can be seen.
Correct Answer False
Your Answer False
Page 3
SM10
True/False
Question Reciprocal responsibility means equal blames and credit.
Correct Answer False
Your Answer True
Page 4
SM10
Your Answer Austere Model , Vendors Model , Civic Model
True/False
Question Companies have strenghts in a number of areas but their key
strength are few in number
Correct Answer True
Your Answer True
True/False
Question Environmental competitiveness tends to encourage ethical
Page 5
SM10
behaviour.
Correct Answer False
Your Answer False
True/False
Question Adapter duplicate the leader and claim to be similar or even
the same.
Correct Answer False
Your Answer False
True/False
Question Three C's affecting today's companies are customer,
competition & change
Correct Answer True
Your Answer True
True/False
Question Focused company is generally protected from competition.
Correct Answer True
Your Answer False
Page 6
SM10
Page 7
SM11
True/False
Question The key principle of moral management is "Can we make
money with this action decision or behaviour"?
Correct Answer False
Your Answer False
Page 1
SM11
True/False
Question Timing of measurement before hand serves the purpose of
evaluation.
Correct Answer False
Your Answer False
Page 2
SM11
True/False
Question Systems are formal and informal rules and regulations that
complements the company structure
Correct Answer True
Your Answer True
True/False
Question Change in company structure from divisional to matrix also
mean changes in the systems in various degrees
Correct Answer True
Your Answer True
True/False
Question Getting new users is a position defense strategy.
Correct Answer False
Your Answer False
Page 3
SM11
Board of Directors Link between company & external environment
Link between company & external environment
True/False
Question Macro environment has got immediate impact on business.
Correct Answer False
Your Answer True
True/False
Question Numerator may bring short-term results, but there may be
serious long-term sacrifices.
Correct Answer False
Your Answer True
Page 4
SM11
Promotion
True/False
Question Micro environment is the internal environment of a company.
Correct Answer False
Your Answer False
True/False
Question Style of a company are the patterns of actions taken by
members of top management over a period of time
Correct Answer True
Your Answer True
Page 5
SM11
True/False
Question According to Michael Porter, the core of efficiency
management is strategy.
Correct Answer True
Your Answer True
Page 6
SM11
Select The Blank
Question Control should involve________ amount of information.
Correct Answer Minimum
Your Answer Minimum
True/False
Question Macro environment has got immediate impact on business.
Correct Answer False
Your Answer True
Page 7
SM12
LIST OF ATTEMPTED QUESTIONS AND ANSWERS
True/False
Question Numerator may bring short-term results, but there may be
serious long-term sacrifices.
Correct Answer False
Your Answer True
True/False
Question Macro environment has got immediate impact on business.
Correct Answer False
Your Answer False
True/False
Question Micro environment is the internal environment of a company.
Correct Answer False
Your Answer False
True/False
Question Systems are formal and informal rules and regulations that
complements the company structure
Correct Answer True
Your Answer True
Page 1
SM12
Long and short term controls Balanced approach to evaluation Another
method of implementation control
Page 2
SM12
Multiple Choice Multiple Answer
Question Techniques used in environmental appraisal are
Correct Answer single-variable extrapolation/multivariable interaction
analysis , structured/ unstructured expert/inexpert opinion , Dynamic modes
and mapping
Your Answer structured/ unstructured expert/inexpert opinion , simulation
, single-variable extrapolation/multivariable interaction analysis
True/False
Question Scheduling is a part of strategic management.
Correct Answer False
Your Answer True
True/False
Page 3
SM12
Question Environmental competitiveness tends to encourage ethical
behaviour.
Correct Answer False
Your Answer True
True/False
Question The key principle of moral management is "Can we make
money with this action decision or behaviour"?
Correct Answer False
Your Answer False
Page 4
SM12
True/False
Question Excelling in one market guarantees success in a new.
Correct Answer False
Your Answer False
Page 5
SM12
Money
Your Answer Consistency with goals , Money , Knowledge
Page 6
SM12
Question Brush your teeth twice a day is an example of expanding the
total market by________.
Correct Answer more usage
Your Answer more usage
True/False
Question The actual performance deviates positively over the budgeted
performanve. This is an indication of superior performance
Correct Answer True
Your Answer True
True/False
Question Analysis of variances leads to a plan for corrective action
Correct Answer True
Your Answer True
Page 7
SM13
LIST OF ATTEMPTED QUESTIONS AND ANSWERS
True/False
Question The key principle of moral management is "Can we make money
with this action decision or behaviour"?
Correct Answer False
Your Answer False
Page 1
SM13
Correct Answer Top Management
Your Answer Top Management
True/False
Question Scheduling is a part of strategic management.
Correct Answer False
Your Answer False
Page 2
SM13
Question The objective to maximize value of the enterprize by striking a
mean between liquidity, risk and profitability is
Correct Answer Receivables planning
Your Answer Receivables planning
True/False
Question Macro environment has got immediate impact on business.
Correct Answer False
Your Answer False
True/False
Question Divestiture is opposed to diversification.
Correct Answer False
Your Answer False
True/False
Question Scheduling is a part of strategic management.
Correct Answer False
Your Answer False
Page 3
SM13
mission what the company is and why it exists. what the company is and why it
exists.
True/False
Question Timing of measurement before hand serves the purpose of
evaluation.
Correct Answer False
Your Answer False
True/False
Question Arranging training program on productivity is a strategic
decision.
Correct Answer False
Your Answer False
Page 4
SM13
Multiple Choice Multiple Answer
Question Money is invested by way of
Correct Answer Debt , Equity
Your Answer Debt , Equity
True/False
Question Environmental competitiveness tends to encourage ethical
behaviour.
Correct Answer False
Your Answer False
True/False
Question Standards of performance act as the benchmark against which the
actual performance is compared.
Correct Answer True
Your Answer True
True/False
Question According to Michael Porter, the core of efficiency management is
strategy.
Correct Answer True
Your Answer True
Page 5
SM13
Quotient
Your Answer Technical skills , Cognitive skills , Emotional Intelligence
Quotient
True/False
Question Budgets are plans expressed in numerical terms usually in
financial terms
Correct Answer True
Your Answer True
True/False
Question Arranging training program on productivity is a strategic
decision.
Correct Answer False
Your Answer False
Page 6
Sunil LIST OF ATTEMPTED QUESTIONS AND ANSWERS
True/False
Question Business ethics is how personal norms do not apply to activities
& goals of a commercial firm.
Correct Answer False
al
True/False
om ri
Question Macro environment has got immediate impact on business.
T
Correct Answer False
r F
Question
iza D
________ should have the ability to develop a visionto see
patterns into the future.
Correct Answer Leaders d.c
P
Your Answer Leaders
.p m
True/False
Question The environment of any organization is "the aggregate of all
dfw
True/False
Question Numerator may bring short-term results, but there may be
serious long-term sacrifices.
Correct Answer False
True/False
Question Arranging training program on productivity is a strategic
decision.
al
Correct Answer False
om ri
T
Multiple Choice Multiple Answer
Question Factors determining HRP (Human Resource Planning )
r F
Type & quality of information
Your Answer Type & Strategy of organisation , Environmental uncertainties ,
iza D
Type & quality of information
True/False
Question Changes in company structure also necessitates changes in the
cuC
al
Multiple Choice Multiple Answer
Question They have time based utility
om ri
Correct Answer Goals , Resources
T
Your Answer Goals , Resources
r F
Multiple Choice Multiple Answer
Question What is Statistical Quality Control(SQC)
iza D
Correct Answer Identifies quality and productivity from a production process ,
d.c
Identifies impact of any change on performance , Instantly spots
P
malfunctions and show where they occur
Your Answer Identifies quality and productivity from a production process ,
Identifies impact of any change on performance , Integrates
.p m
divestiture are
Correct Answer taxes , availability of buyers , market reaction
al
Question Factors encouraging joint ventures are
om ri
, sharing competence of each other
Your Answer uneconomical separate existence , risk of business gets shared
T
, sharing competence of each other
True/False
r F
Question Scheduling is a part of strategic management.
True/False
Question Three C's affecting today's companies are customer,
competition & change
Correct Answer True
al
Your Answer Statistical quality control
om ri
Select The Blank
Question ________ is a deep understanding of ones emotions, strengths,
T
weaknesses, needs, drives & their effects on self and others.
Correct Answer Self-awareness
r F
iza D
Multiple Choice Single Answer
Question
d.c
A network of facilities and distribution that performs the
functions of procurement of materials trasforming into
P
intermediate and finished products & distributing them to
customers is
Correct Answer Supply chains
.p m
True/False
Question Change in company's strategy gives rise to problems
necessitating a new structure to be made
Correct Answer True
Your Answer True
al
Multiple Choice Single Answer
Question They enact the formal role of reviewing and screening executive
om ri
decisions in the light of their environmental, business and
organisational implications
T
Correct Answer Board of director
r F
Question
iza D
Different kinds of information systems are
d.c
Correct Answer Operational level system , Knowledge level system ,
P
Management level system
Your Answer Operational level system , Knowledge level system ,
Management level system
.p m
Ballast business Fit well but low Fit well but low
opportunities opportunities
Gap analysis Difference between Difference between
desired and projected desired and projected
performance performance
Corporate parenting Managing SBU's by a Managing SBU's by a
corporate corporate
Heartland business Give the highest priority Give the highest priority
al
Your Answer Strategy
om ri
True/False
T
Question Staffing function applies to all company levels irrespective of
levels of hierarchy
Correct Answer True
r F
Your Answer True iza D
Multiple Choice Single Answer
Question d.c
It is the process of analyzing, dividing and arranging work or
P
activities into manageable portion for individuals, sections &
departments
Correct Answer departmentation
.p m
al
Question Retrenchment strategy means
om ri
Your Answer contraction of business activities
T
True/False
Question Under functional strategics we have vertical fit & horizontal fit.
r F
iza D
Your Answer False
d.c
P
Select The Blank
Question Like roots of a tree, ________of organization is hidden from
.p m
direct view.
Correct Answer core competence
dfw
True/False
Question Macro environment has got immediate impact on business.
ww
al
Correct Answer Systems
om ri
T
True/False
Question Micro environment is the internal environment of a company.
r F
Correct Answer False
True/False
cuC
True/False
Question Business ethics is how personal norms do not apply to activities
& goals of a commercial firm.
Correct Answer False
al
Match The Following
Question Correct Answer Your Answer
om ri
strategic alliances means two or more entities join two or more entities join
T
hands for mutual benefit. hands for mutual benefit.
vertical forward becoming your own becoming your own
integration means customer customer
r F
horizontal integration additional product/service additional product/service
means for same customers for same customers
vertical backward
iza D
becoming your own becoming your own
integration means supplier
d.c supplier
P
True/False
Question HR implementation involues a series of action programme like
.p m
al
Your Answer direct/indirect export
om ri
Select The Blank
Question Strategic evaluation determines the effectiveness of ________
T
Correct Answer Strategy
r F
True/False
iza D
Question Change in company structure from divisional to matrix also
d.c
mean changes in the systems in various degrees
P
Correct Answer True
and others.
Correct Answer Self-awareness
True/False
al
Question Three C's affecting today's companies are customer,
competition & change
Correct Answer True
om ri
Your Answer True
T
Multiple Choice Multiple Answer
r F
Question market research is conducted by
al
Question Factors to be considered while deciding candidates for
divestiture are
Correct Answer taxes , availability of buyers , market reaction
om ri
Your Answer taxes , availability of buyers , market reaction
T
True/False
r F
Question Style of a company are the patterns of actions taken by
members of top management over a period of time
iza D
Correct Answer True
al
Your Answer Top Management
om ri
Multiple Choice Multiple Answer
Question Strategic intent
T
Correct Answer obsession with an organization , ambitions in proportion to their
existing resources & capabilities , what the organization strives
r F
for.
Your Answer obsession with an organization , what the organization strives
for.
iza D
Select The Blank
d.c
P
Question Japan's major productivity gains are the results of social
changes brought about by ________
Correct Answer Statistical quality control
.p m
model
ww
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.
Your 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.
al
Market follower are imitator imitator
om ri
Market challenger are bypass attack bypass attack
T
Turnaround strategy V.R.S. V.R.S.
r F
Multiple Choice Multiple Answer
Question Factors encouraging joint ventures are
iza D
Correct Answer uneconomical separate existence , risk of business gets shared
, sharing competence of each other
d.c
P
Your Answer uneconomical separate existence , sharing competence of
each other , monopoly of one company
.p m
True/False
Question Arranging training program on productivity is a strategic
decision.
Correct Answer False
al
Correct Answer fit between the firm and its environment
om ri
Your Answer Easy availability of resources
T
Vinit LIST OF ATTEMPTED QUESTIONS AND ANSWERS
r F
Multiple Choice Single Answer
Question The aim in stability strategies is-
iza D
Correct Answer move slowly & surely
d.c
P
Your Answer move slowly & surely
True/False
.p m
True/False
Question All policies are 'statements'
al
Your Answer by employees , by research agencies , by consultants
om ri
True/False
Question Macro environment has got immediate impact on business.
T
Correct Answer False
r F
Match The Following
iza D
Question Correct Answer
d.c Your Answer
P
Fit SWOT analysis SWOT analysis
check
Your Answer Checking performance , Reformulate strategies , Standard
check
al
Correct Answer Increased market power , Increased diversification , Increased
speed to market
Your Answer Increased market power , Increased diversification , Increased
om ri
speed to market
T
Multiple Choice Single Answer
Question A pictorial depiction of various outcomes of a decision is
Your Answer
r F
decision tree
iza D
Select The Blank d.c
P
Question Value chain analysis is an effective tool for ________.
True/False
Do
al
Multiple Choice Single Answer
Question Strategic management is concerned with
om ri
Your Answer long- range planning
T
Select The Blank
r F
Question GATT stands for ________.
al
Your Answer fit between the firm and its environment
om ri
Multiple Choice Single Answer
Question The cornerstone of financial planning process of all
T
organizations because of the cost, control and risk
considerations which influence overall value of the firm is
Correct Answer Capital structure planning
r F
Your Answer Capital structure planning
iza D
Multiple Choice Single Answer
Question In SWOT , S stands for d.c
P
Correct Answer favorable condition in the organization's environment.
al
Question ETOP stands for ________.
om ri
Your Answer environmental threat & opportunity profile
T
True/False
r F
Question Arranging training program on productivity is a strategic
decision.
Correct Answer False
iza D
Your Answer True
d.c
P
Select The Blank
Question Brush your teeth twice a day is an example of expanding the
.p m
True/False
Question Three C's affecting today's companies are customer,
competition & change
w
al
Question They have time based utility
om ri
Your Answer Goals , Resources , Expertise
T
Multiple Choice Multiple Answer
r F
Question How does 'structure' reduce external uncertainity arising out of
human behaviour
Correct Answer Research and planning , Forecasting
iza D
Your Answer
d.c
Research and planning , Division of labour ,
Departmentalisation
P
Multiple Choice Multiple Answer
Question Organizational models are
.p m
al
Your Answer Informal
om ri
Match The Following
Question Correct Answer Your Answer
T
Ballast business Fit well but low Fit well but low
opportunities opportunities
r F
Gap analysis Difference between Difference between
desired and projected desired and projected
iza D
performance performance
Corporate parenting Managing SBU's by a
d.c Managing SBU's by a
P
corporate corporate
Heartland business Give the highest priority Give the highest priority
.p m
True/False
Question Acquisitions which are friendly are termed as "take-overs".
dfw
o
True/False
Question Business ethics is how personal norms do not apply to activities
& goals of a commercial firm.
Correct Answer False
True/False
Question Macro environment has got immediate impact on business.
True/False
Question The environment of any organization is "the aggregate of all
conditions, events and influences that surround and affect it."
Correct Answer True
True/False
Question Numerator may bring short-term results, but there may be
serious long-term sacrifices.
Correct Answer False
True/False
Question Arranging training program on productivity is a strategic
decision.
Correct Answer False
True/False
Question Changes in company structure also necessitates changes in the
systems in various degrees
Correct Answer True
True/False
Question Scheduling is a part of strategic management.
True/False
Question Three C's affecting today's companies are customer,
competition & change
Correct Answer True
True/False
Question Change in company's strategy gives rise to problems
necessitating a new structure to be made
Correct Answer True
Your Answer True
Ballast business Fit well but low Fit well but low
opportunities opportunities
Gap analysis Difference between Difference between
desired and projected desired and projected
performance performance
Corporate parenting Managing SBU's by a Managing SBU's by a
corporate corporate
Heartland business Give the highest priority Give the highest priority
True/False
Question Staffing function applies to all company levels irrespective of
levels of hierarchy
Correct Answer True
True/False
Question Under functional strategics we have vertical fit & horizontal fit.
True/False
Question Macro environment has got immediate impact on business.
True/False
Question Micro environment is the internal environment of a company.
True/False
Question Focused company is generally protected from competition.
True/False
Question Business ethics is how personal norms do not apply to activities
& goals of a commercial firm.
Correct Answer False
strategic alliances means two or more entities join two or more entities join
hands for mutual benefit. hands for mutual benefit.
vertical forward becoming your own becoming your own
integration means customer customer
horizontal integration additional product/service additional product/service
means for same customers for same customers
vertical backward becoming your own becoming your own
integration means supplier supplier
True/False
Question HR implementation involues a series of action programme like
production, estimation of raw materials, labour & machine
hours.
Correct Answer False
True/False
Question Change in company structure from divisional to matrix also
mean changes in the systems in various degrees
Correct Answer True
True/False
Question Three C's affecting today's companies are customer,
competition & change
Correct Answer True
True/False
Question Style of a company are the patterns of actions taken by
members of top management over a period of time
Correct Answer True
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.
Your 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.
True/False
Question Arranging training program on productivity is a strategic
decision.
Correct Answer False
True/False
Question Changes in company structure also necessitates changes in the
systems in various degrees
Correct Answer True
True/False
Question All policies are 'statements'
True/False
Question Macro environment has got immediate impact on business.
True/False
Question The actual performance deviates positively over the budgeted
performanve. This is an indication of superior performance
Correct Answer True
True/False
Question Scheduling is a part of strategic management.
True/False
Question Arranging training program on productivity is a strategic
decision.
Correct Answer False
True/False
Question Three C's affecting today's companies are customer,
competition & change
Correct Answer True
Ballast business Fit well but low Fit well but low
opportunities opportunities
Gap analysis Difference between Difference between
desired and projected desired and projected
performance performance
Corporate parenting Managing SBU's by a Managing SBU's by a
corporate corporate
Heartland business Give the highest priority Give the highest priority
True/False
Question Acquisitions which are friendly are termed as "take-overs".