WorksheetsBUSINESS POLICY/STRATEGY/STRATEGIC MANAGEMENT
Total questions: 20
Worksheet time: 10mins
The word strategy comes from the Greek word ______________
'strategis'
'strategos'
The word strategy comes from the Greek word 'strategos' which means ___________.
'art of general'
'art of social science'
'art of profession'
Strategy is a __________________ plan.
specific long term
comprehensive long term
"________________ is a plan of action or policy designed to achieve a major or overall aim"-
Strategy
Objectives
Strategy is applicable to all _________________ areas.
Functional
Financial
Mechanical
Strategy is ____________ oriented.
future
past
present
"We appoint credit card for a period of 14 days only" is an example of ____________________.
Business Policy
Strategy
Strategic Management
____________ are general statements of principles that guide managers and employees in decision-making and action.
Business policies
Organisational Culture
Strategic Management
Marketing Policies
Every business organization need to frame appropriate business policies for its ___________________
Operational Areas
Functional areas
Fundamental Areas
Strategic Areas
Business Policies are ___________________ statements for attaining the goals
Narrow
Broad
Business Policies are based on ______________________
Organizational Philosophy
Assumptions
Family Philosophy
Business Policies are ____________________ in nature.
specific
Multi-purpose
Business Policies should be _______________.
Flexible
Static
Business Policies helps ___________,________________________ and ____________
Individual, Associates and Society
Managers, employees, and stakeholders
___________________ is the stream of decisions and actions which lead to the development of an effective strategy or strategies to achieve corporate objectives.
Human Resource Management
Strategic Management
Financial Management
Strategic Management is a systematic _________________ process.
One time
Static
Continious
Strategies in an organisation are formulated by ______________________ management.
Middle-level management
Lower level management
Top-level management
Strategic management considers _________________ term horizon.
Long
short
meduim
Top-level management requires more of ________________ skills.
Interpersonal
Conceptual
Technical
Proper formulation of strategy helps in reduction of _____________.
Profits
Disputes
Efficiency
