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STRATEGIC MGT

Total questions: 20

Worksheet time: 20mins

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.
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.
5.
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.
6.
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.
7.
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.
8.
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.
9.
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
10.
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
11.
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
12.

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

13.

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

14.

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

a)

True

b)

False

15.

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

16.

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

a)

Management by objectives

b)

Major basic order

c)

Minimum bearing objectives

d)

Management before order

17.
Do leaders have huge influence on organisational culture
a)
Yes
b)
No
18.

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

19.

Objectives that are precise and quantifiable

a)

WAIT

b)

SMART

c)

CLEAR

d)

Tactics

20.
Looks at likely risks to the business
a)
Contingency Plan
b)
Management Team Plan
c)
Marketing Plan
d)
Industry Overview

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