STRATEGIC MGMT QUIZ

Which of the following is CORRECT regarding STRATEGY?

• Strategy is the consequence of planning

• All strategies emerge from corporate plan

• A company's strategy has always to be proactive in nature

• Strategy is a substance for sound, alert and responsible management

Which is NOT a major benefit of Strategic Management?

• Strategic Management helps an organisation to be spectators in case of uncertainities

• Strategic Management diverts the goals and objectives towards the vision of the company

• Strategic Management helps an organisation to be proactive in shaping its future

• Strategic Management serves as a Corporate Defence Mechanism (CDM)

Business strategy is concerned with which of the following decisions.

Select ALL that apply.

• Which products to develop

• Routine decisions such as inventory control

• Which industry to operate in

• How to gain competitive advantage

• Marketing decisions

The Term Strategy is derived from a ----------------word 'Strategos'

• Latin

• Greek

• Chinese

• German

• NONE OF THE ABOVE

Corporate strategy is concerned with which of the following?

Select ALL that apply.

• Marketing decisions on price

• Decisions to enter new markets

• Relations with external stakeholders

• Production decisions

• Complex decisions

Business Strategy is also called Operational Strategy?

• True

• False

The Term Strategy is derived from a word 'Strategos' which MEANS

• Tactics

• Leadership

• Generalship

• Management

Balanced portfolio of resources pertains to which level of strategy?

• Corporate strategy

• Business strategy

• Functional or operational strategy

• NONE OF THE ABOVE

What are the means by which the long term objectives will be achieved?

• Strategies

• Policies

• Strength

• Weakness

Marketing Strategy is ___________________type of strategy.

• Business Level

• Growth Strategy

• Corporate Strategy

• Functional Strategy