Deck 3: Strategic Management and Analysis

Question 1

Forecasting tools can be broadly categorized into two groups. Those are:

A)Qualitative, Operational
B)Quantitative, Operational
C)Qualitative, Quantitative
D)Regression and time series analysis

Answer 1

Qualitative, Quantitative

Question 2

identifies a firm's major competitors and their particular strengths and weaknesses in relation to a sample firm's strategic position.

A)Competitive Profile Matrix
B)External Factor Evaluation matrix
C)Internal Factor Evaluation Matrix
D)Boston consulting group matrix

Answer 2

Competitive Profile Matrix

Question 3

Organizing means an identifiable group of people contributing their efforts towards the attainment of same goal. It is important at the time of:

A)Environmental scanning
B)Strategy formulation
C)Strategy Implementation
D)Strategy evaluation

Answer 3

Strategy Implementation

Question 4

Political variables have a significant effect on

A)Strategy formulation and implementation
B)Strategy formulation and evaluation
C)Strategy implementation and evaluation
D)Strategy formulation, implementation and evaluation

Question 5

Which of the following are signs of weakness in a company's competitive position?

A)A return-on-equity is below 25% and earnings per share of less than Rs. 2.00
B)A price set by the firm higher than its rivals
C)A declining market share, poor product quality and few sales in market
D)Lower revenues and profit margin and narrow product line than the market leader

Question 6

It directs at developing new products before competitors do at improving product quality or at improving manufacturing processes to reduce costs.

A)Marketing
B)Opportunity analysis
C)Research and development
D)Management

Question 7

The central purpose of strategic evaluation is ---------------

A)Evaluate effectiveness of strategy to achieve organisational objectives
B)Evaluate effectiveness of control system to measure achievements.
C)Evaluate effectiveness of strategies to be implemented efficiently.
D)Evaluate effectiveness of the strategy implementation process.

Question 8

Strategy evaluation at the level involves using specific performance measures-qualitative and quantitative-for each functional area.

A)organizational
B)operational
C)functional
D)production

Question 9

---------- is described as the process which examines all the components, internal or external, that has an influence on the performance of the organization.

A)Environmental analysis
B)Competitor analysis
C)Macro analysis
D)Any of the above

Question 10

Which of the following is not an external environment component of a business?

A)Competitors
B)Corporate structure
C)Suppliers
D)customers

Question 11

---------- analysis begins with identifying present as well as potential competitors.

A)Environment
B)Internal
C)Competitor
D)External

Question 12

Characteristics of a business which makes it disadvantageous relative to competitors.

A)Threat
B)Failure
C)Weakness
D)None of these

Question 13

Elements in a company's external environment that allow to formulate and implement strategies to increase profitability.

A)Strength
B)Success
C)opportunity
D)productivity

Question 14

In PEST analysis, "P" stands for------------

A)Profitability factors
B)Productivity factors
C)Political factors
D)Pricing factors

Question 15

In PEST analysis, "S" stands for------------

A)Stability factors
B)Social factors
C)Sales factors
D)Strategic factors

Question 16

In PEST analysis, "T" stands for------------

A)Tactical factors
B)Threat factors
C)Task factors
D)Technological factors