Wayground logo

Free Printable Worksheets

Font size

S
M
L
XL
Worksheets

Strategic Management 2

Total questions: 23

Worksheet time: 14mins

Name
Class
Date
1.
Which of the following is NOT part of a company's macro-environment?
a)
The company's resource strengths, weaknesses and competitive capabilities.
b)
Economic factors.
c)
Political and Socio-Cultural factors.
d)
Technological factors and Legal conditions.
2.
The most widely used tool for diagnosing the principle competitive pressures in a market is the:
a)
SWOT.
b)
Competitor Profiling.
c)
Five Forces Model.
d)
Market analysis.
3.
The nature & strength of the competitive forces that prevail in an industry is generally a joint product of:
a)
competition from rival sellers.
b)
competition from producers of substitute products.
c)
competitive pressures stemming from the bargaining power of suppliers and buyers.
d)
all of these.
4.
Rivalry increases when:
a)
buyer demand is increasing.
b)
when there is excess supply of unused production capacity.
c)
as the products of rival sellers become more strongly differentiated.
d)
all of these.
5.
A company’s strategic plan:
a)
maps out the company’s history.
b)
links the company’s financial targets to control mechanisms.
c)
outlines the competitive moves and approaches to be used in achieving the desired business results.
d)
all of these.
6.
Well-stated objectives are:
a)
quantifiable or measurable, and contain deadlines for achievement.
b)
clear, succinct, and concise so as to identify the company’s risk and return options.
c)
directly related to the dividend payout ratio for stockholder returns.
d)
all of these.
7.

A small coffee shop faces significant potential competition because of the low capital requirements compared with business environments such as universities and laboratories.

a)

True

b)

False

8.
Which of the following is NOT part of a company's macro-environment?
a)
The company's resource strengths, weaknesses and competitive capabilities.
b)
Economic factors.
c)
Political and Socio-Cultural factors.
d)
Technological factors and Legal conditions.
9.
A company’s strategic vision describes:
a)
why the company does certain things in trying to please its customers.
b)
management’s storyline of how it intends to make a profit with the chosen strategy.
c)
management’s aspirations for the future and delineates the company’s strategic course and long-term direction.
d)
what future actions the enterprise will likely undertake to outmaneuver rivals and achieve a sustainable competitive advantage.
10.
A company’s strategic plan:
a)
maps out the company’s history.
b)
links the company’s financial targets to control mechanisms.
c)
outlines the competitive moves and approaches to be used in achieving the desired business results.
d)
all of these.
11.
Which of the following is NOT in the 6 steps process of Strategic Management?
a)
Identifying current mission
b)
Formulate strategies
c)
Evaluate strategies
d)
Identifying number of staff
12.
Base on this image (Facebook&Instagram), what is the type of growth strategy being use?
a)
Related Diversification
b)
Horizontal Integration
c)
Concentration
d)
Vertical Integration
13.
What is the meaning of backward vertical integration? 
a)
Organization becomes its own supplier
b)
Organization becomes its own distributor
c)
Organization becomes its own seller
d)
Organization becomes its own buyer
14.

Organizational culture

a)

is long term plan how to win, visible and changes fast

b)

consist of values, beliefs, behaviors, paradigm (=stories, rituals, power structures, symbols, control systems)

c)

is theory of competitive advantage

d)

fairly easy to copy and defines, what you do, when everyone sees

15.

A mission statement includes identification of an organization's ________.

a)

strengths and weaknesses

b)

purpose and basic philosophy

c)

assets and resources

d)

resources and strengths

16.

Contingency planning identifies the firm’s main business focus over a long-term period.

a)

True

b)

False

17.

The management of a firm would benefit from having ______ in order to effectively handle various possible unexpected business conditions.

a)

Interpersonal plans

b)

Strategic plans

c)

Tactical management

d)

Contingency plans

18.

MBO stands for---------

a)

Management by objectives

b)

Major basic order

c)

Minimum bearing objectives

d)

Management before order

19.
Do leaders have huge influence on organisational culture
a)
Yes
b)
No
20.

How could you define organisational culture?

a)

The way things aren't done round here

b)

Round here, we do nothing

c)

The way things are done round here

d)

What the organisational building looks like

21.

Objectives that are precise and quantifiable

a)

WAIT

b)

SMART

c)

CLEAR

d)

Tactics

22.

_____ is critical in a changing environment

a)

Human Resources

b)

Operations

c)

Marketing

d)

Finance

23.
Looks at likely risks to the business
a)
Contingency Plan
b)
Management Team Plan
c)
Marketing Plan
d)
Industry Overview

Similar Resources on Wayground

Pramuka Milenial

21 questions

Pramuka Milenial

quiz

Worksheet

•

1st Grade - University

แนะแนว

20 questions

แนะแนว

quiz

Worksheet

•

University

musik lokal #ICTUSD 081

20 questions

musik lokal #ICTUSD 081

quiz

Worksheet

•

KG - University

corona

20 questions

corona

quiz

Worksheet

•

6th Grade - University

Famyocký kvíz

20 questions

Famyocký kvíz

quiz

Worksheet

•

1st Grade - Professio...

among us

19 questions

among us

quiz

Worksheet

•

KG - Professional Dev...

kelurga cerdas cermat

20 questions

kelurga cerdas cermat

quiz

Worksheet

•

University

Songs & Song Artists

20 questions

Songs & Song Artists

quiz

Worksheet

•

3rd Grade - Professio...