MindMaze - Consulting Quiz - Round 2

HEAL-ME envisages to be the most admired and responsible healthcare equipment company with international footprint. Is this a vision or a mission? If this is HEAL-ME’s vision, then which of the following is not essential while drafting the strategic vision?

• It should clearly illuminate the direction in which the organisation is headed
• It should create enthusiasm among members of the organisation
• It should be rigidly defined to prepare the organisation for the future
• This is a mission statement and not a vision statement

Which of the following steps in benchmarking did HEAL-ME skip which eventually lead to the failure of the benchmarking process?

• Identifying the need for benchmarking
• Comparing the own process and performance with that of others
• Identifying the best process
• Reporting and implementing the steps to bridge the gaps identified

Dr. Ram has been instrumental in bringing about monumental changes in the company’s structure and working culture. He has been very approachable yet feared by employees at all levels. What kind of leadership style be termed as?

• Transactional leadership style
• Autocratic leadership style
• Diplomatic leadership style
• Transformational leadership style

The recent international recognition that the company has got for ROLL-X has turned around its strategy all together. Which of the following Michael Porter’s generic strategies should HEAL-ME follow?

• Cost leadership
• Focused differentiation
• Differentiation
• Focused cost leadership

Which of the following is an entry barrier for HEAL-ME?

• Brand identity
• Capital Requirement
• Access to distribution channels
• Product differentiation

Applying BCG Matrix, identify the correct investment category for the new 3D printing business code of Geek-ode Consulting, at the time of merger?

• Star
• Cash Cow
• Dog
• Question mark

Which strategy has been adopted by Geek-ode Consulting to overcome the difficulties of low-market share for its “3D Printing” business?

• Dynamic strategy
• Adaptive Strategy
• Intended strategy
• Sound strategy

Make the correct growth and expansion strategy employed by Geek-ode Consulting in merging with the startup named “GoCreatVe”?

• Horizontal merger
• Vertical merger
• Co-generic merger
• Conglomerate merger

What has been the rationale behind Geek-ode Consulting’s management for treating big data business and 3D business amenable to separate strategic treatment?

• The businesses were unrelated
• The businesses were unmanageable
• The businesses were related
• The businesses were identical

Which type of strategic control was adopted by Geek-ode Consulting when a new legal regulation proposed that women workers shall have the option to work from home?

• Premise control
• Special alert control
• Strategic surveillance
• Implementation control