STRATEGIC MANAGEMENT QUIZ

LOGO

Presented by, P. Logeshwaran MBA., R. JothiRam MBA.,

Sponsored by,Mrs.Lalitha Bhuvanashwari MBA., Asst prof JJCET.

STRATEGIC MANAGEMENT QUIZ

ROUND 1

GK

What can be defined as the art and science of formulating, implementing and evaluating cross-functional decisions that enable an organization to achieve its objectives?

Ans. Strategic management

Who is referred to as "the father of modern management?

A. Baybrooke and Lindblom

B. Bennett G – Stewart

C. C K Prahalad and Gary Hamel

D. Drucker

The mission statement answers which question?

A. What is our business? B. Why is our business? C. How is our business? D. what is our possition?

The three characteristics of a mission statement are a declaration of attitude, a declaration of social policy and:

A. HR PolicyB. customer orientationC. Social welfare policyD. Economic policy

Technological advancements can create new ______ advantages that are more powerful than existing advantages.

A. Cost advantageB. Profit advantageC. CompetitiveD. Differentiation

What is not one of Michael Porter's five competitive forces?

A. Bargaining power of customerB. Threat of substitutes C. Bargaining power of unionsD. Intensity of Rivalry among

established firms

According to Porter, what is usually the most powerful of the five competitive forces?

A. Risk of entry by potential competitors

B. Bargaining power of suppliers C. Bargaining power of buyers D. Intensity of Rivalry among

established firms E. Threat of substitutes

The "advance work" in the strategic management process is comprised of

A)strategy formulation.B)strategy implementation.C)strategic posturing.D)strategy analysis.

An independent group of suppliers, such as farmers, gather to form a cooperative in order to sell their products to buyers directly, replacing their previous distributor. This is an example of

A)forward integration.B)backward integration.C)threat of substitute products.D)threat of entry.

In the sketch of the BCG matrix, what is the label of the vertical axis?

Ans ; Industry growth rate

A. Value chain analysis

B. Supply chain analysis

C. Cost chain analysis

D. Product chain analysis

The process whereby a firm determines the costs associated with organizational activities from purchasing raw materials to manufacturing products to marketing those products is called?

Ans. Data; information

__________ become(s) __________ only when they are evaluated, filtered, condensed, analyzed and organized for a specific purpose, problem, individual, or time.

The overall aim of the Balanced Scorecard is to balance financial objectives with strategic objectives.

A. False

B. True

Burger King opening its first restaurant in Japan is an example of which type of strategy?

Market DevelopmentPromotion strategyDevelopment strategyDiversification strategy

Web sites to sell products directly to consumers are examples of which type of strategy?

A. Forward integration

B. Backward integration

C. No integration

Negative trends in external environmental factors?

Ans. threats

For what type of company is the BCG Matrix ideal for analyzing?

Ans. Companies with more than one division

How would a division with a low relative market share position in a high growth industry be described?

Question Mark

In the BCG Matrix, which element represents the industry growth rate in sales, measured in percentage terms?

Y-Axis

The act of oversight and direction for an organization is referred to as

A. Corporate social responsibilityB. Corporate GovernanceC. Company top managementCompany Secretary

Which organizational structure is the most simple and inexpensive?

A. Functional structureB. Matrix structure

What type of organizational structure do most small businesses follow?

Ans. Functional structure

Which of these involves comparing a firm against the best firms in the industry on a wide variety of performance-related criteria?

A. Competition baseB. AdaptationC. BenchmarkingD. Development strategy

Which two variables are of central importance to strategy implementation?

A. Market Targeting and product positioning

B. Market segmentation and Targeting

C. Market segmentation and product positioning

Strategy evaluation is based on

A. Qualitative criteria only

B. Qualitative and quantitative

criteria

C. quantitative criteria only

can enable firms to learn the technology, culture, and business practices of other people and to make contacts with potential customers, suppliers, creditors, and distributors in foreign countries.

A. Takeover B. Joint ventures C. Acquisition D. Merger

Communication between domestic headquarters and overseas operations is often made difficult by?

A. Geographic distance, B. Cultural differences, C. Variations in business practices, D. National differences E. All of the above

Market ______ is the process of identifying groups of customers with basically similar wants, needs, preferences or buying behaviors.

a) Developmentb) Positioningc) Segmentationd) Targeting

Economies of scale are derived from:

a) Achieving cheaper unit costs through making larger quantities

b) Using cheaper raw materialsc) Increasing the breadth of the

portfoliod) Increasing the number of markets

served

The _______ opportunities and threats that face a multinational corporation are almost limitless.

A. Social,B. Cultural,C. governmental, D. PoliticalE. All of the above

Diversification into many unrelated areas is an example of:

A. Risk managementB. Good managementC. Uncertainty reductionD. Sustainability

360% feedback involves appraisals by:

a) Line managersb) Subordinates'c) Superiors'd) Anyone who is directly in contact

with the appraisee.

What are the four types of resources that can be used to achieve desired objectives

A. financial, physical, human and technological.

B. financial, physical, Capital, technological.

C. Human, capital, R&D, technological, human

Value chain analysis is an effective tool for ________.

A. External analysisB. internal analysisC. Company analysisD. Product analysis

ROUND 2

MANAGEMENT GURU’S AND HIS Philosophy's

Core Competence, Bottom-of-the-pyramid?

A. C K Prahalad and Gary HamelB. Abraham MaslowC. Adrian J SlywotzkyD. Alfred DuPont Chandler

Strategy, Globalization

A. Kenichi OhmaeB. Kurt LewinC. Laurence PeterD. Major Edward A. Murphy, Jr.

Strategic Planning

A. Kaplan and NortonB. Kenichi Ohmae C. Henry Mintzberg D. Kurt Lewin

Balanced Score-Card

A. George YipB. Henri FayolC. Henry Mintzbergd. Kaplan and Norton

Five Forces Model, Value Chain

A. Kaplan and NortonB. Kenichi Ohmaec. Michael E PorterD. Kurt Lewin

McKinsey 7-S Framework

A. James TobinB. Pascale and AthosC. James UtterbackD. Jeffrey Pfeffer and Robert Sutton

Which Is not Hard compount Of McKinsey 7-S Framework

Strategy Structure Systems Skills

Blue Ocean Strategy

a. W Chan Kim and Renee MauborgneB. George YipC. Henri FayolD. Henry Mintzberg

Problems of organizational structure

A. Henri FayolB. Henry MintzbergC. Igor AnsoffD. James Brian Quinn

Corporate Strategic Planning, popularizing SWOT analysis?

A. James TobinB. James UtterbackC. Jeffrey Pfeffer and Robert SuttonD. Igor Ansoff

ROUND 3

ABBREVATION AND ACRONYMS

What is stand for ETOP

Ans. Environment Threat and Opportunity Profile

What is stand for SAP?

Ans. Strategic Advantage Profile.

Ans. Strategic Management Of Technology and Innovation

What SMOTI Means?

What is stand for OCP?

Ans. Organizational Capability Profile

What is SBU ?

Ans. Strategic Business Unit

What is stand for ILCA?

Ans. Industry life cycle Analysis