Strategic Management

MGT-603

Quiz 05 SPRING SEMESTER 2006 MGT603 STRATEGIC MANAGEMENT Marks: 15 Time: 32 Hours

Student ID/Login ID: Student Name: Center Name/Code: Quiz Date:

_____________________________ _____________________________ _____________________________ Tuesday July 11, 2006

Please read the following instructions carefully before attempting QUIZ: This quiz consists of 5 Multiple Choice Questions (MCQs) carrying 1 mark each and two short questions carrying 5 marks each. So, your total marks become 15. Quiz 05 covers lesson no.32-35 Last date for submission of QUIZ is July 12, 2006. You can consult the concerned chapters from the recommended book Strategic Management by Fred R David (9th edition) for this Quiz. Read questions carefully and select the most appropriate answer for each MCQ Avoid selecting two choices for one MCQ. The double options will be marked zero. Make sure that you upload the quiz files before due date. No quiz file will be accepted through E-mail after due date. Cheating or copying is strictly prohibited; No credit will be given to copied files. No quiz file will be replaced, once uploaded on LMS under any condition.

Identify the stages of strategic management process in a precise sequence. Select correct option:

Strategic Management

MGT-603

Strategy evaluation, strategy formulation & strategy implementation Strategy evaluation, strategy implementation & strategy formulation Strategy formulation, strategy implementation & strategy evaluation Strategy implementation, strategy evaluation & strategy formulation Which of the following are the five forces that affect the level of competition in an industry? Select correct option: Threat of entrants; power of buyers; power of suppliers; threat of substitutes; competitive rivalry Threat of buyers; power of entry; power of substitutes; threat of suppliers; threat of recession Threat of recession; power of buyers; power of suppliers; threat of management failure; competitive rivalry Threat of entry; power of buyers; power of suppliers; threat of substitutes; government action

Choose the correct option. (1x5=5) 1. A firm desires to increase profit at least 15% every year for the foreseeable future. Such kind of objective is called ________________ objective. a. Corporate level b. Functional level c. Overall organizational d. Both a and b 2. Disagreement between two or more parties on one or more issues is termed as ______________. a. b. c. d. Conflict Stress Functional stress None of given option

3. Medium-size firms tend to be structured ____________. a. b. c. d. Divisionally Decentralized Centralized Both a and b

Strategic Management

MGT-603

4. The _______________ has its own business strategy, objectives and competitors. These often differ from parent company. a. b. c. d. Strategic Business Unit structure Matrix structure Divisional structure None of given option

5. __________________ creates a sense of Self organization . a. b. c. d. Gain sharing plan Profit sharing Employee stock ownership plan Non of given option

Briefly define how you will use different types of resources to implement strategy in order to achieve objectives? (2+3=5) Define reengineering and restructuring by providing appropriate examples with the reference to Pakistan? (2+2+1=5)