Strategic management

What managers do in internal analysis?

• Identify mission
• Environmental scanning
• Assessing organization resources
• Evaluate strategies

What is the last step of the Strategic Management Process?

• Formulating Strategies
• Implementing Strategies
• Evaluating Results
• Evaluating Weakness

What is the meaning of backward vertical integration? 

• Organization becomes its own supplier
• Organization becomes its own distributor
• Organization becomes its own seller
• Organization becomes its own buyer

Base on this image (Facebook&Instagram), what is the type of growth strategy being use?

• Related Diversification
• Horizontal Integration
• Concentration
• Vertical Integration

What will be the factor for an organization to have if they want to obtain Competitive Advantage?

• Excellent Quality of Product
• Higher Profit
• Lesser innovation
• Bad customer service

Which of the below is not in the 5 forces model?

• Bargaining power of suppliers
• Bargaining power of buyers
• Threat of new innovation
• Threat of new entrants

The _________ answers the question “What do we want to accomplish?”, whereas ________ answers the question “Why do we exist?”

• Vision statement; mission statement

• Short-term objectives; long term objectives

• Objectives; strategies

• Vision statement; Goals

Which of the following is not an element of Porter’s Forces Model?

• The potential thread from new entrants

• The firm’s macroenonomic environment

• The firm’s existing competition

• The bargain power of suppliers

If a company has sound capital structure, where would this feature would be placed in the SWOT analysis?

• Strength

• Weakness

• Opportunity

• Threat

In the case where an organisation acquires its supplier, this is an example of which Corporate Strategy

• Turnaround Strategy

• Diversification

• Horizontal backward integration

• Concentration