PRELIM EXAM - Strategic Management - 1st Semester SY 2025-2026

What is strategic competitiveness?

• When a firm avoids risk

• When a firm earns average returns

• When a firm successfully formulates and implements a value-creating strategy

• When a firm imitates a competitor’s strategy

What does SWOT stand for?

• Strategic, Workable, Opportunities, Tactics

• Strengths, Weaknesses, Opportunities, Threats

• Strategies, Weaknesses, Objectives, Tactics

• Systems, Workarounds, Opportunities, Threats

What does PEST analysis examine?

• Products, Expenses, Sales, Taxes

• People, Environment, Sustainability, Technology

• Political, Economic, Social, Technological factors

• Price, Effort, Strategy, Timing

Which technique uses a 2x2 grid to evaluate the severity and probability of environmental factors?

• SWOT

• ETOP

• Threats & Opportunities Matrix

• Issue Priority Matrix

What does “ETOP” stand for?

• Environmental Targets and Organizational Planning

• Environmental Threat and Opportunity Profile

• External Targets and Operational Planning

• Environmental Testing of Organizational Plans

What kind of scanning is typically done in response to a crisis?

• Continuous scanning

• Periodic scanning

• Ad-hoc scanning

• Predictive scanning

In SWOT analysis, what do "T" elements refer to?

• Tangible Resources

• Trends

• Tactics

• Threats

What does the term "strategic flexibility" refer to?

• Ability to change laws and policies

• Ability to reduce production costs

• Ability to cope with hypercompetition and change

• Ability to cut staff to remain profitable

Which model emphasizes external industry forces as a determinant of returns?

• Resource-Based Model

• Competitor Model

• I/O Model

• Innovation Model

What kind of returns are greater than expected based on risk?

• Below-average returns

• Average returns

• Above-average returns

• Predictive returns