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WorksheetsOrganisational strategies
Total questions: 43
Worksheet time: 43mins
Which of the following defines what business or businesses the firm is in or should be in?
Business strategy
Corporate strategy
Functional strategy
National strategy
Which of the following defines how each individual business unit will attempt to achieve its mission?
Business strategy
Corporate strategy
Functional strategy
National strategy
Which of the following is NOT a level of strategy?
Corporate strategy
Business strategy
Tactical strategy
Stability strategy is a ___________strategy.
Corporate level
Business level
Fuctional level
strategic level
Which level of strategy focuses on how a business unit competes within a specific market?
Buying another company by one company means_____
Joint Venture
Acquisition
Amalgamation
Merger
Which level of strategy is concerned with the overall scope of an organization across various industries and markets?
Which of the following is an issue considered in developing corporate strategies?
What business(es) are we in?
What direction are we going?
What resources do we have to implement our strategies?
What businesses are we in and what to do with those businesses?
An organisation’s strategy:
remains set in place longer than the mission and objectives
generally forms over a period of time as events unfold
tends to be formed at the same time the mission is developed and objectives are formulated
is usually conceived at a single time when managers sit down and work out a comprehensive strategic plan for the next 3-5 years
The corporate level is where top management directs:
all employees for orientation
its efforts to stabilize recruitment needs
overall strategy for the entire organization
overall sales projections
The three organizational levels are:
corporate level, business level, functional level
corporate level, business unit level, functional level
corporate strategy level, business unit level, functional level
corporate strategy level, business level, specialist level
Strategy through which the firm sells products in markets outside the firm's domestic market.
International Strategy
Global strategy
Multidomestic strategy
All of the following are international corporate-level strategies EXCEPT the strategy:
Multidomestic
Transnational
Universal
Global
A ____strategy assumes more standardization of products across country boundaries
Transnational
Global
Multidomestic
A multidomestic corporate-level strategy has ____ need for global integration and ___ need for local market responsiveness.
high; low
high; high
low; low
low; high
A strategy through which a firm expands the sales of its goods or services across the borders of global regions and countries into a potentially large number of geographic locations or markets.
international diversification strategy
international corporate-level strategy
international business-level strategy
International corporate-level strategy focuses on:
sophistication of monitoring and controlling systems.
competition within each country.
economies of scale.
the scope of operations through both product and geographic diversification.
Buying another company by one company means_____
Joint Venture
Acquisition
Amalgamation
Merger
Typically corporate- and business-level goals and strategies require …
long- and intermediate-term plans
short-term plan
long-term plan
intermediate- and short-term plans
Business strategy include:
Low-cost strategy
Differentiation strategy
All of above
Focused Low-Cost and Focused Differentiation Strategies
The corporate-level strategy of expanding a company’s business operations into a new industry in order to produce new kinds of valuable goods or services is:
Diversification
Vertical integration
International expansion
Concentration on a single industry
A level of strategy that focuses on the maximization of resource productivity
Corporate
Business
Functional
Business-level strategy are strategies used to diversify operations from a single business competing in a single market into several product markets.
True
False
A firm uses a _______ when it seeks to distinguish itself from competitors through the quality of its products or services.
overall cost leadership strategy
focus strategy
differentiation strategy
Related diversification is used by those organizations that manufacture just one product or service and sell it in a single geographic market.
TRUE
FALSE
An organization that pursues a(n) _____ strategy seeks to stand out among competitors through the quality (broadly defined) of its products or services.
differentiation
divesting
anti-competitive
focus
cost-leadership
Below is different level strategies..which one is not
corporate level strategies
Business level strategies
System level strategies
Functional level strategies
____________ Strategy includes the number of business activities for minimizing the cost:
Retrenchment strategy
Stability strategy
Growth strategy
XYZ Company is currently facing challenges due to Covid 19 situation. Which approach they should initiate now to overcome the challenges?
Functional level strategy
Crisis management
Digitization strategy
Wages, salaries and other financial allowances are part of which aspect of HRM?
Payroll management
Compensation management
Employee engagement and retention management
At this level, multifunctional strategies developed at
corporate level are formulated and implemented for specific
product market in which the business operates.
CORPORATE
BUSINESS
FUNCTIONAL
OPERATIONAL
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
This level concentrates on how an organization is going to grow. It defines daily actions including allocation of resources to deliver corporate and business level strategies.
Business level strategy
Corporate level strategy
Functional level strategy
How operational goals will be met, and how they will be monitored
Corporate Level Strategy
Business Level Strategy
Functional Level Strategy
None of the above
Defines the business areas in which your firm will operate
Corporate Level Strategy
Business Level Strategy
Functional Level Strategy
None of the above
Involves defining the competitive position of a strategic business unit
Corporate Level Strategy
Business Level Strategy
Functional Level Strategy
None of the above
Top management team is responsible.
Corporate Level Strategy
Business Level Strategy
Functional Level Strategy
None of the above
Decided upon by the heads of strategic business units and their teams
Corporate Level Strategy
Business Level Strategy
Functional Level Strategy
None of the above
Relationships needed between units, departments and teams
Corporate Level Strategy
Business Level Strategy
Functional Level Strategy
None of the above
Define specific tactics and strategies for each market the organisation is involved in
Corporate Level Strategy
Business Level Strategy
Functional Level Strategy
None of the above
Involves integrating and managing the diverse businesses and realizing synergy
Corporate Level Strategy
Business Level Strategy
Functional Level Strategy
None of the above
Day-to-day actions which are required to deliver corporate and business strategies
Corporate Level Strategy
Business Level Strategy
Functional Level Strategy
None of the above
Define how each business unit will deliver the planned tactics
Corporate Level Strategy
Business Level Strategy
Functional Level Strategy
None of the above
