Strategic Management

QUIZ 1 & 2 / STRATEGIC MANAGEMENT INTRO & I/0 MODELS

QUIZ 1 QUIZ 1
 It refers to the process that Strategic  The first step in strategy process.
denotes in the process preparing the Formulation
Behavioral employees with the upcoming
changes to face the new business  A strategic model where in,
operation. Resource company considers its internal
Model capability as a basis in creating its
 It refers to the process of strategic move.
Environmental evaluating the outside forces that
Scanning direct or indirect affects the business Strategy  It is a unified, comprehensive and
operations. integrated plan.

Industrial  I/O models refers to Threats  It refers to the challenges that the
Organization company faces.

Strategic  It refers to the process of choosing

Formulation the best solution for organization to
achieve its goal.

 It defines as the set of decision

Strategic and actions that result in formulating
Management of strategy and its implementation to
achieve the objectives of the
organization.

Perfect  Also known as “free enterprise”.

Competition
 It refers to a market situation
Monopoly wherein there is only one buyer but
several sellers.

 Chairman of the board, president

TOP & VP is what part of the level of
management?

 It refers to the statement that

Vision express the ultimate long term
objectives

 It refers to the type of competition

Oligopoly where in there are only few sellers in
the market.

Strategic  It is the step of taking corrective

Control action.

 The end result of the planned

Objective activity that states what is to be
accomplished.

Strategic  It refers to the action stage.

Implementation

Strategic  It consists of what management

Management decides about the future direction and
scope of the business.

Organizational  It refers to the process of

Appraisal observing an internal environment.

PROF. CHERRY COMIA 1

Strategic Management
QUIZ 1 & 2 / STRATEGIC MANAGEMENT INTRO & I/0 MODELS
QUIZ 2 QUIZ 2
FALSE  Strategy Formulation is the first TRUE  Environmental Scanning and
step. Environmental Appraisal is the same

TRUE  Operational Strategy is a day to FALSE  Strategic Management is an art

day plan. only

FALSE  There are only two steps in
strategy formulation.
TRUE  I/O model determines the situation
in which the company can operate in
the best business situation.
FALSE  Strategy is synonymous with
tactics
TRUE  Operational Strategy is concerned
with doing the right thing
TRUE  Strategic Management is a set of
decisions and actions that determines
the long-term performance of a
corporation

FALSE  The strategy must be money- FALSE  Functional Strategy is relative

oriented only broader in its scope.
FALSE  External Environment focus on
the ___________ of the business FALSE  Diversification is a type of tactics

TRUE  Strategy Evaluation is the last FALSE  Business level strategy is a

step in the strategy process strategy as a whole

FALSE  Strategy Management is a TRUE  Strategy is future oriented

responsibility of lower-level
management FALSE  PEST refers to the internal
environment
TRUE  Strategy is a multi-functional
process. TRUE  Strategy is long term in nature

FALSE  Strategy Formulation is the TRUE  Strategy is an advanced thinking

responsibility of every member of the process.
organization.
FALSE  Workers are involved in
TRUE  Strategy is the game plan of the formulating strategy
company.
FALSE  I/O model is applicable in a
FALSE  The company has a control over perfect completion only
the external environment.
TRUE  Strategic Management is concern
TRUE  I/O model has an influence on the only on how to grow the organization
external forces in a positive way

TRUE  Above-average return is always TRUE  Strategy is being formulated not

the objectives of the company only to increase company’s
strategy profitability

PROF. CHERRY COMIA 2

Strategic Management
QUIZ 1 & 2 / STRATEGIC MANAGEMENT INTRO & I/0 MODELS

PROF. CHERRY COMIA 3