Q. The comprises economic and social conditions, political priorities and technological developments, all of which must be anticipated, monitored, assessed and incorporated into the executive’s decision making.
a. Internal environment
b. Task environment
c. Operating environment
d. Societal environment
Q. Strategic management involves the , directing, and controlling of acompany’s strategy-related decisions and actions.
a. Financing; marketing
b. Planning; financing
c. Planning; organizing
d. Marketing; planning
Q. A strategy is a company’s
a. Value statement
b. Pricing policy
c. Game Plan to outsmart competitor
d. Long-term objective
Q. Strategy-formulation concepts and tools
a. Do not differ greatly for different size and type of organizations
b. Differ greatly for different size and type of organizations
c. Do not differ greatly for profit or non-profit organizations but differ in small and large organizations
d. None of the mentioned options
Q. Annual objectives
a. Are not critical to success
b. Serve as guidelines for action, directing and channelling efforts and activities of organization members
c. Are not important for employee motivation and identification
d. Do not provide a basis for organizational design
Q. Which of the following resources is used by all organizations to achieve desiredobjectives?
a. Financial resources,
b. Physical resources
c. Human resources
d. All of the mentioned options
Q. Strategic management is
a. A pure science.
b. Based mainly on intuition.
c. Needed mainly when organizational performance falls.
d. Based on the use of quantitative and qualitative information.
Q. Large-scale, future-oriented plans, for interacting with the competitive environment to achieve company objectives refers to its
a. Strategy
b. Goals
c. Competitive analysis
d. Dynamic policies
Q. Strategic issues require which level of management decisions?
a. Operative
b. Top
c. Front-line
d. Middle
Q. Which of these basic questions should a vision statement answer?
a. What is our business?
b. Who are our employees?
c. Why do we exist?
d. What do we want to become?
Q. Strategic management process activates in the sequence of
a. Environmental scanning, Strategy formulation, Implementation, c ontrol and evaluation
b. Strategy formulation, Environmental scanning, Implementation, control and evaluation
c. Environmental scanning, Strategy Implementation, formulation, c ontrol and evaluation
d. Strategy formulation, Implementation, control, evaluation, Environmental scanning
Q. “A possible and desirable future state of an organization” is called:
a. Mission
b. Vision
c. Strategy implementation
d. None of above
Q. Strategic decisions are based on what managers , rather than on what they
a. Know; forecast
b. React to; anticipate
c. Forecast; know
d. Compromise with; analyse
Q. “To improve economic strength of society and function as a good corporate citizen on alocal, state, and national basis in all countries in which we do business”. This is a mission statement that contains:
a. Self-concept
b. Economic concern
c. Products or Services
d. Concern for Public Image
Q. Strategic-management audit is known as:
a. Environmental scanning
b. Strategy formulation
c. Strategy control
d. Strategy evaluation