Strategic Managment_Basic

Which of the following is NOT ‘internal environment considerations?

• Operational Inefficiences

• Changes in consumer taste

• Employee morale

• Constraints from financial issues

What is an example of an internal strength for a business?

• Strong brand reputation

• High market demand

• Economic downturn

• Regulatory changes

Which of the following is NOT a business opportunity generated by globalization?

• Access to low cost labour

• Cheap International transport

• Currency Crisis

• Less stringent regulation of the business environment.

Which of the following is an example of an internal threat to a business?

• High employee turnover

• Increased market competition

• Technological advancements

• Changes in consumer preferences

SevenCloud Inc., a soft drink company, provided service to fair amount of customers for a whole year until a new company called Sparkle Inc. came up. Sparkle provided flavored water as a new product in the beverage market. Customers were eager to try out this new product and purchased it because they believed that it a better substitute for aerated beverages. SevenCloud was afraid that if the trend continued, it would soon run the risk of going out of business. In this scenario, which of the following did SevenCloud Inc. experience?

• Opportunity

• Threat

• Weakeness

• Merger

Value means..

• Means value for money

• Is described as the benefits chosen by the business to give customers through their product/service

• Is the benefits of a product/service which is perceived by the customers

• Does not offer a competitive advantage

The term strategy is derived from a (a)   word ‘strategos’

Which of the following doesn’t describe Corporate Strategy?

• What business or businesses one should be in?

• How does parent company add value to subsidiaries?

• How does being in one business help us compete in other business?

• How should we compete in other business?

Which statement best applies to emergent strategies. Emergent strategy…

• • Implies strategizing

• • Implies an ability to react to the events

• • Implies no deviation from plans

• • Implies constant evaluation of the bigger picture

The strategic management process is 

• • A process that is concerned with a firm’s resources, capabilities, and competencies, but not the conditions in its external environment

• • A set of activities which has not been used successfully in the not-for-profit sector

• • A dynamic process involving the full set of commitments, decisions, and actions related to the firm

• • Set of activities that are guaranteed to prevent organizational failure