Strategic Management Module 1

What is the primary focus of strategic management?

• Analyzing daily operations

• Developing short-term goals

• Implementing operational tactics

• Achieving long-term goals

What does the term 'core competencies' refer to in strategic management?

• Financial performance

• Unique internal strengths

• Market positioning

• Operational efficiency

Which level of strategy focuses on day-to-day operations?

• Corporate-Level Strategy

• Business-Level Strategy

• Operational-Level Strategy

• Functional-Level Strategy

What is the main purpose of the Balanced Scorecard?

• To evaluate employee performance

• To develop corporate strategies

• To integrate financial and non-financial performance measures

• To analyze market competition

Which of the following is NOT a key component of business ethics?

• Profitability

• Integrity

• Fairness

• Transparency

What is the minimum percentage of net profit that companies in India must allocate to CSR activities?

• 5%

• 10%

• 1%

• 2%

What does the Resource-Based View (RBV) emphasize?

• External market conditions

• Operational efficiency

• Internal resources and capabilities

• Market share

What is the focus of corporate-level strategy?

• Daily operations

• Departmental functions

• Overall direction of the organization

• Competitive advantage

What is one reason companies perform CSR activities?

• To reduce operational costs

• To comply with regulations

• To limit stakeholder engagement

• To increase short-term profits

Which of the following concepts focuses on an organization’s ability to adapt to change?

• Agile Management

• SWOT Analysis

• Core Competencies

• Dynamic Capabilities