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WorksheetsStrategic Management & Corporate Governance Quiz
Total questions: 40
Worksheet time: 20mins
Industry-based view of strategy mainly emphasizes:
Internal resources of the firm
Government regulations only
Industry structure and competitive forces
Individual leadership traits
According to Michael Porter, the profitability of an industry depends on:
Firm size
Five competitive forces
Technological innovation
Shareholder value
Which of the following is NOT a Porter’s Five Force?
Threat of new entrants
Bargaining power of buyers
Threat of substitutes
Core competencies
High entry barriers in an industry generally lead to:
Intense price competition
Low profitability
Reduced competition
High buyer power
An industry dominated by few large firms is known as:
Monopoly
Monopolistic competition
Oligopoly
Perfect competition
Strategic groups within an industry refer to:
Firms with identical ownership
Firms following similar strategies
Firms producing identical products
Firms with same market share
The threat of substitutes is high when:
Switching cost is high
Substitute prices are higher
Substitutes offer better value
Buyer power is low
Industry life-cycle analysis helps firms to:
Fix employee salaries
Predict stock prices
Choose appropriate strategies
Avoid government regulations
Which strategy is most suitable in a highly competitive industry?
Cost leadership
Divestment
Stability strategy
Liquidation
The industry-based approach believes competitive advantage comes from:
Firm culture
CEO vision
External industry factors
Employee motivation
Founder-based strategy emphasizes:
Market structure
Founder’s vision and values
Government policy
Financial leverage
Which founder is strongly associated with customer-centric strategy?
Elon Musk
Jeff Bezos
Mukesh Ambani
Ratan Tata
Steve Jobs’ strategic focus at Apple was mainly on:
Cost reduction
Product design and innovation
Market diversification
Acquisitions
Founder imprinting refers to:
Branding strategy
Early influence of founder on firm strategy
Legal ownership
Succession planning
Which Indian founder emphasized ethical business practices as strategy?
Dhirubhai Ambani
Narayana Murthy
Vijay Shekhar Sharma
Byju Raveendran
Founder-driven strategies are most common in:
Mature industries
Public sector enterprises
Start-ups and new ventures
Government firms
Elon Musk’s strategy across Tesla and SpaceX reflects:
Conservative leadership
Short-term profit focus
Visionary and disruptive thinking
Stability orientation
A major risk of founder-centric strategy is:
Lack of innovation
Over-dependence on one individual
High employee participation
Strong governance
Founder-based strategies can create sustainable advantage when:
Founder exits early
Vision is institutionalized
Market is regulated
Industry growth is slow
Which company is a classic example of founder-led strategic culture?
IBM
Walmart
Reliance Industries
Strategic management is primarily concerned with:
Day-to-day operations
Short-term profit maximization
Long-term direction of the organization
Employee welfare
Strategy can be best defined as:
A detailed action plan
A set of rules and procedures
A course of action to achieve long-term goals
Annual budget plan
Which of the following is NOT a feature of strategic decisions?
Long-term orientation
Taken by top management
Routine in nature
High level of risk
The concept of strategic intent was popularized by:
Michael Porter
Peter Drucker
Hamel and Prahalad
Igor Ansoff
Strategic intent mainly focuses on:
Present resources
Competitors’ weaknesses
Long-term ambition and direction
Short-term goals
Vision statement describes:
Present business activities
Organization’s future aspiration
Daily operations
Employee rules
Mission statement explains:
What the organization wants to become
Why the organization exists
Market share objectives
Financial targets only
Which of the following correctly represents the hierarchy of objectives?
Vision → Mission → Goals → Objectives
Mission → Vision → Objectives → Goals
Objectives → Goals → Vision → Mission
Goals → Vision → Mission → Objectives
Corporate strategy is concerned with:
Functional decisions
Business unit competition
Overall direction of the organization
Departmental efficiency
Business-level strategy mainly deals with:
How to compete in a particular market
Organization structure
Social responsibility
Internal policies
Functional-level strategy focuses on:
Organization mission
Industry analysis
Department-specific actions
Shareholder value
Strategic decisions are different from operational decisions because they are:
Repetitive
Short-term
Non-routine and long-term
Taken by middle management
Corporate governance mainly deals with:
Marketing strategies
Relationship between owners and managers
Production planning
Cost control
The main objective of corporate governance is to:
Increase market share
Ensure transparency and accountability
Reduce competition
Maximize employee power
Which of the following is a key principle of corporate governance?
Secrecy
Accountability
Centralization
Monopoly
Shareholders are considered as:
Internal stakeholders
External stakeholders
Primary stakeholders
Secondary stakeholders
The Board of Directors plays a crucial role in:
Daily operations
Strategic decision making
Production scheduling
Sales promotion
Ethics in strategic management refers to:
Legal compliance only
Profit maximization
Moral principles guiding decisions
Market dominance
Good corporate governance helps in:
Increasing operational costs
Reducing transparency
Building investor confidence
Eliminating competition
Which of the following best describes strategic management?
A static process
A short-term plan
A continuous and dynamic process
A financial control system
