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WorksheetsStrategic Management
Total questions: 10
Worksheet time: 5mins
A company’s strategic plan:
links the company’s financial targets to control mechanisms.
maps out the company’s history.
outlines the competitive moves and approaches to be used in achieving the desired business results
All the above
The most widely used tool for diagnosing the principle competitive pressures in a market is the:
SWOT.
Competitor Profiling
Market analysis.
Five Forces Model
What is the meaning of backward vertical integration?
Organization becomes its own supplier
Organization becomes its own distributor
Organization becomes its own seller
Organization becomes its own buyer
Ikea is an example of
A differentiated strategy
A low cost strategy
a market segment focused differentiated strategy
a market-segment cost-focused strategy
Strategic planning is....
Long term planning
Short term planning
General planning
Seasonal planning
Which is NOT a part of Porters 5 forces?
Bargaining power of Suppliers
Threat of New entrants
Bargaining power of customers
Financial threat
Which is the FIRST step in the strategic Management process?
Monitoring and evaluating strategies
Developing the vision and mission
Strategy formulation
Goals and Objectives
At which level of the strategy will the Marketing manager get involved?
Corporate Strategy
Business Strategy
Functional Strategy
Operational strategy
In the BCG matrix , which of the following the strategy is sell off (divest)?
Star
Cow
Question mark
Dog
What does the "S" stand for in PESTLE?
Support
Short term
Social
Subsidiary
