1 Marks: 5 Choose one answer. a. The financial perspective Correct b. The external perspective Incorrect c.

The helicopter perspective Incorrect d. The key shareholder perspective Incorrect Correct Marks for this submission: 5/5. Question 2 Marks: 5 Choose one answer. a. Mission statements, strategic objectives, vision statements. Incorrect b. Vision statements, strategic objectives, mission statements. Incorrect c. Mission statements, vision statements, strategic objectives. Incorrect d. Vision statements, mission statements, strategic objectives. Correct Incorrect Marks for this submission: 0/5. Question 3 Marks: 5

The balanced scorecard approach is a framework for measuring performance based on four factors. The

Which of the following lists is the hierarchy of organizational goals in order from least specific to most spe

Knowledge which is difficult to define and codify is known as:

Choose one answer. a. Tangible Incorrect b. Random Incorrect c. Tacit Correct d. Explicit Incorrect Correct Marks for this submission: 5/5. Question 4 Marks: 5

Two of the oldest and most important trade theories are the theories of absolute and advanta

Choose one answer. a. Compound Incorrect b. Comparative Correct c. Converse Incorrect d. Contrasting Incorrect Correct Marks for this submission: 5/5. Question 5 Marks: 5

Important factors in the design of organizational structure includes

Choose one answer. a. Size of the organization Incorrect b. Strategy of the organization Incorrect c. All of the above Correct d. Rate of change in the market Incorrect Correct

Marks for this submission: 5/5. Question 6 Marks: 5

Business strategy as distinct from corporate strategy, functional strategies and operating strategy

Choose one answer. a. Can be judged as powerful or weak depending on whether it has the capacity to produce a sizable and sustainab b. Is chiefly concerned with HOW to build and strengthen the companys competitive position Incorrect c. Both b) and c) Correct d. Concerns the moves made to establish business positions in different industries and the approaches a company Incorrect Marks for this submission: 0/5. Question 7 Marks: 5

Theorists have identified two main styles of leadership. These are transformational leadership and:
Choose one answer. a. Transcendental leadership Incorrect b. Transactional leadership Correct c. Transparent leadership Incorrect d. Transgression leadership Incorrect Correct Marks for this submission: 5/5. Question 8 Marks: 5 Choose one answer. a. A strategic business unit Correct b. A profit centre Incorrect c. A subsidiary Incorrect d. A department Incorrect Correct Marks for this submission: 5/5. Question 9 Marks: 5 Choose one answer. a. Internationalization Incorrect b. Differentiating on superior product technology Incorrect c. Aiming to maximize efficiency and lower costs Correct d. Collaborating with competitors to build the industry's profile Incorrect Incorrect Marks for this submission: 0/5. Question 10 Marks: 5

What business entity can be described as a section within a large organization responsible for planning

Which of the following would NOT normally be an advisable strategy in the introductory stage of the indus

The three stages of strategic management are

Choose one answer. a. strategy formulation, strategy execution, and strategy assessment Incorrect b. stratify assessment, strategy execution, and strategy evaluation Incorrect c. strategy formulation, strategy implementation, and strategy execution Incorrect d. strategy formulation, strategy implementation, and strategy evaluation Correct Correct Marks for this submission: 5/5.

Question 11 Marks: 5

In the case where an organization acquires its supplier, this is an example of:
Choose one answer. a. Horizontal integration Incorrect b. Backwards vertical integration Correct c. Forwards vertical integration Incorrect d. Downstream vertical integration Incorrect Incorrect Marks for this submission: 0/5. Question 12 Marks: 5

The overall roles of a mission statement are to

Choose one answer. a. To create a statement for customers, investors and employees that clarifies where the industry is headed, how fa b. Give the organization its own special identity, business emphasis, and path for development. Correct c. Identify the key competitive groups in the firms industry and better understand who the companys closest are no d. To decide how big risks to take in choosing where to concentrate the companys resources Incorrect Incorrect Marks for this submission: 0/5. Question 13 Marks: 5

Delegating a strategy making/ strategy implementing role to middle and lower level managers

Choose one answer. a. Is normal in many companies because of the more geographically scattered and diversified an organizations ope b. Is rarely done in large companies because there are plenty of experienced senior level managers to handle the s c. Works best when they can seek counsel on an as-needed basis from a well-staffed strategic planning departmen d. Is generally not good because they lack the big picture knowledge to make better strategic decisions Incorrect Correct Marks for this submission: 5/5. Question 14 Marks: 5

How often should strategic-management activities be performed?

Choose one answer. a. Annually Incorrect b. Quarterly Incorrect c. Monthly Incorrect d. Continuously Correct Correct Marks for this submission: 5/5. Question 15 Marks: 5

In the Five Forces, the 'threat of new entrants' relates to:

Choose one answer. a. Substitutes Incorrect b. Barriers to entry Correct c. Buyer power Incorrect d. Switching costs Incorrect Correct Marks for this submission: 5/5. Question 16

Marks: 5

When there is a fit between the goals of the organization and the goals of individuals, this is known as:
Choose one answer. a. Goal fit Incorrect b. Goal congruence Correct c. Goal coordination Incorrect d. Goal hierarchy fit Incorrect Incorrect Marks for this submission: 0/5. Question 17 Marks: 5

Which of the following is not a key area that might limit the feasibility of a strategic option?
Choose one answer. a. Culture, skills and resources that is internal to the organization Incorrect b. Lack of commitment from managers and employees Incorrect c. Competitor reactions Incorrect d. Lack of customer need for the proposed product Correct Incorrect Marks for this submission: 0/5. Question 18 Marks: 5

The support activities in Porter's Value Chain are:

Choose one answer. a. Procurement, technology development, human resource management, firm infrastructure Correct b. Procurement, technology development, human resource management, leadership Incorrect c. Procurement, technology development, human resource management, finance Incorrect d. Procurement, technology development, human resource management, organizational structure Incorrect Incorrect Marks for this submission: 0/5. Question 19 Marks: 5

Strategic management allows an organization to be more

Choose one answer. a. proactive Correct b. reactive Incorrect c. authoritarian Incorrect d. complacent Incorrect Incorrect Marks for this submission: 0/5. Question 20 Marks: 5 Choose one answer. a. What is competition like and how strong is each of the various competitive forces? Incorrect b. What strengths, weaknesses, opportunities and threats are evident in the industry environment? Correct c. What are the key factors for competitive success in the industry? Incorrect d. What is causing the industrys competitive structure and business environment to change? Incorrect 1 Marks: 5

Which of the following is not one of the question that need to be answered in doing industry and competit

Which of the following is not a barrier to trade?

Choose one answer. a. Embargoes Incorrect b. Quotas Incorrect c. Exchange controls Incorrect d. Exchange rates Correct Correct Marks for this submission: 5/5. Question 2 Marks: 5

In the case where an organization acquires its supplier, this is an example of:
Choose one answer. a. Backwards vertical integration Correct b. Forwards vertical integration Incorrect c. Downstream vertical integration Incorrect d. Horizontal integration Incorrect Correct Marks for this submission: 5/5. Question 3 Marks: 5

A joint venture can be defined as:

Choose one answer. a. Two firms come together to form a third, legally separate firm Incorrect b. One firm licenses its intellectual property to another firm Incorrect c. Two firms merge together Incorrect d. Two firms collaborate together on a specific project Correct Correct Marks for this submission: 5/5. Question 4 Marks: 5

The primary activities in Porter's Value Chain are:

Choose one answer. a. Procurement, operations, outbound logistics, marketing and sales, service Incorrect b. procurement, operations, distribution, marketing and sales, service Incorrect c. Inbound logistics, operations, outbound logistics, marketing and sales, service Correct d. Inbound logistics, operations, distribution, marketing and sales, service Incorrect Correct Marks for this submission: 5/5. Question 5 Marks: 5

Which of the following outcomes is NOT an advantage of a completely vertically integrated business?
Choose one answer. a. Lower price of supplies is achieved Incorrect b. Lowering of risk is achieved Correct c. Potentially greater quality is achieved Incorrect d. Potentially greater control is achieved Incorrect Correct Marks for this submission: 5/5. Question 6 Marks: 5

In the balanced scorecard approach quality would come under which perspective?
Choose one answer.

a. The innovation and learning perspective Incorrect b. The customer perspective Incorrect c. The internal perspective Correct d. The financial perspective Incorrect Incorrect Marks for this submission: 0/5. Question 7 Marks: 5

Which of the following might be sources of synergy between two business units?
Choose one answer. a. They have similar customers and use the same distribution channels Correct b. They are both located in the same town Incorrect c. They both have a website Incorrect d. The profits from one can be used to finance the other when its gets into trouble Incorrect Incorrect Marks for this submission: 0/5. Question 8 Marks: 5 Choose one answer. a. Chain of command Incorrect b. Hierarchy Correct c. Architecture Incorrect d. Span of control Incorrect Correct Marks for this submission: 5/5. Question 9 Marks: 5 Choose one answer. a. Deep learning Incorrect b. Double-loop learning Incorrect c. Single-loop learning Correct d. Surface learning Incorrect Incorrect Marks for this submission: 0/5. Question 10 Marks: 5

The shape or format of reporting and decision making relationships can be defined as the organizational:

Organization adjusts its pricing in response to falling customer demand. This is an example of which type

Theorists have identified two main styles of leadership. These are transformational leadership and:
Choose one answer. a. Transactional leadership Correct b. Transgression leadership Incorrect c. Transcendental leadership Incorrect d. Transparent leadership Incorrect Correct Marks for this submission: 5/5. Question 11 Marks: 5

To find out what an organization's strategy is, you should:

Choose one answer. a. Read the mission statement Incorrect

b. Look at what the organization actually does Correct c. Ask the CEO Incorrect d. Read the strategic plan Incorrect Incorrect Marks for this submission: 0/5. Question 12 Marks: 5

If a resource is 'inimitable' a competitor finds it:

Choose one answer. a. Difficult to copy Correct b. Easy to copy Incorrect c. Easy to copy and easy to acquire Incorrect d. Easy to acquire Incorrect Correct Marks for this submission: 5/5. Question 13 Marks: 5

The Balanced Scorecard approach has been criticized for leaving out certain measures. One of these is:
Choose one answer. a. Customer satisfaction measures Incorrect b. Technological innovation measures Incorrect c. Employee satisfaction measures Correct d. Financial measures Incorrect Incorrect Marks for this submission: 0/5. Question 14 Marks: 5 Choose one answer. a. The flow of capital, people, and information. Incorrect b. Governmental regulations. Incorrect c. More people speaking more languages. Incorrect d. The flow of goods. Correct Incorrect Marks for this submission: 0/5. Question 15 Marks: 5

As our world increases in complexity, the global environment is increasingly challenging and competitive.

Business strategy as distinct from corporate strategy, functional strategies and operating strategy

Choose one answer. a. Is chiefly concerned with HOW to build and strengthen the companys competitive position Incorrect b. Can be judged as powerful or weak depending on whether it has the capacity to produce a sizable and sustainab c. Concerns the moves made to establish business positions in different industries and the approaches a company d. Both b) and c) Correct Incorrect Marks for this submission: 0/5. Question 16 Marks: 5

Is not a structural configuration presented by Mintzberg

Choose one answer. a. Professional bureaucracy Incorrect b. Cluster structure Correct

c. Simple structure Incorrect d. Adhocracy Incorrect Incorrect Marks for this submission: 0/5. Question 17 Marks: 5

Within an international context what is economies of scope?

Choose one answer. a. Decreased cost per unit of output Incorrect b. Buying components in bulk Incorrect c. Re-using a resource from one country/business in additional countries/businesses Correct d. Any of the above Incorrect Incorrect Marks for this submission: 0/5. Question 18 Marks: 5

Benchmarking

Choose one answer. a. Is inherently unethical if it involves companies that are direct competitors Incorrect b. Is not used very often by companies because most of information and data used in doing benchmarking studies h c. Is not a valid tool for measuring cost effectiveness of an activity unless it is restricted to companies in the same in d. Is a good tool for determining whether a company is performing particular value chain activities and functions as Incorrect Marks for this submission: 0/5. Question 19 Marks: 5

Companies opt to expand into foreign markets for such reasons as to

Choose one answer. a. Avoid dependence on export strategy and get in position to use a global strategy instead of a narrow domestic str b. Boost return on investment, increase the size of their product lines, avoid tariff and trade restrictions and escape c. Gain access to new customers, achieve lower costs and enhance the companys competitiveness, capitalizing on d. Grow sales faster than the industry average, boost earnings per share, reduce the competitive threats from rivals Incorrect Marks for this submission: 0/5. Question 20 Marks: 5

Economies of scale are derived from:

Choose one answer. a. Increasing the number of markets served Incorrect b. Achieving cheaper unit costs through making larger quantities Correct c. Increasing the breadth of the portfolio Incorrect d. Using cheaper raw materials Incorrect Incorrect Marks for this submission: 0/5. 1 Marks: 5

In the case where an organization acquires its supplier, this is an example of:
Choose one answer. a. Backwards vertical integration Correct b. Downstream vertical integration Incorrect

c. Horizontal integration Incorrect d. Forwards vertical integration Incorrect Correct Marks for this submission: 5/5. Question 2 Marks: 5 Choose one answer. a. Deciding whether to share certain activities across different products and markets Incorrect b. Deciding whether to locate operations in the home country or in a foreign location Incorrect c. Deciding to link all activities using Enterprise Resource Planning Incorrect d. Deciding whether the activity should be performed within the organization or by a different firm Correct Incorrect Marks for this submission: 0/5. Question 3 Marks: 5

One of the strategic decisions relating to the value chain concerns vertical integration. This would involve

Which of the following is not a way that Internet technologies are being used to improve an overall cost le

Choose one answer. a. Quick online responses to service requests and rapid feedback to customer surveys and product promotions are b. Online purchase orders are making many transactions paperless, reducing the costs of procurement and paper. c. Online bidding and order processing are eliminating the need for sales calls and minimizing sales force expenses d. Direct access to progress reports and the ability for customers to periodically check work-in-progress is minimizin Incorrect Marks for this submission: 0/5. Question 4 Marks: 5

The value chain is subdivided into two main headings. These are primary activities and:
Choose one answer. a. Secondary activities Incorrect b. Support activities Correct c. Outsourced activities Incorrect d. Peripheral activities Incorrect Correct Marks for this submission: 5/5. Question 5 Marks: 5

In the strategic planning model SWOT analysis is carried out as part of

Choose one answer. a. Strategic option generation Incorrect b. Corporate appraisal Correct c. Mission and objective setting Incorrect d. Strategy evaluation and choice Incorrect Correct Marks for this submission: 5/5. Question 6 Marks: 5 Choose one answer. a. Learning organizations Correct b. Knowing organizations Incorrect c. Absorptive organizations Incorrect

Organizations that are good at developing relevant capabilities to respond to a changing context are know

d. Stretch organizations Incorrect Incorrect Marks for this submission: 0/5. Question 7 Marks: 5

Knowledge which is difficult to define and codify is known as:

Choose one answer. a. Tangible Incorrect b. Explicit Incorrect c. Tacit Correct d. Random Incorrect Correct Marks for this submission: 5/5. Question 8 Marks: 5

Which of the following is correct?

Choose one answer. a. Network structures are superior to functional ones Incorrect b. Organizational performance will suffer if the structure is not stable Incorrect c. Every organization starts out with a simple structure, then moves to a functional structure before becoming divisio d. An organization's structure would be expected to evolve as it grew larger and more diverse Correct Incorrect Marks for this submission: 0/5. Question 9 Marks: 5

Managing the process of implementing and executing strategy does not include which of the following?

Choose one answer. a. Allocating company resources to individual units Incorrect b. Creating a company culture and work climate conductive to successful strategy implementation and execution Inc c. Carving out a profitable direction for the organization to take Correct d. Establishing strategy supportive policies and procedures Incorrect Correct Marks for this submission: 5/5. Question 10 Marks: 5

Which of these questions is addressed by a mission statement?

Choose one answer. a. What is our business? Correct b. Who do we want to serve? Incorrect c. How many employees must we have? Incorrect d. What do we want to become? Incorrect Incorrect Marks for this submission: 0/5. Question 11 Marks: 5

Which of the following stages should form apart of an organizations risk assessment in relation to a prop
1) Make an explicit assessment of the risks 2) Communicate the risks to the all concerned 3) Explore contingencies that will lessen the impact if things go wrong 4) Decide whether the risks are acceptable to the organization

Choose one answer. a. All of the above Incorrect b. 1),3), and 4) Correct c. 1), 2) and 3) Incorrect d. 1), 2) and 4) Incorrect Incorrect Marks for this submission: 0/5. Question 12 Marks: 5 Choose one answer. a. Top management commitment Incorrect b. Willingness to experiment and risk making mistakes Incorrect c. Openness to new ideas Incorrect d. Cultural diversity Correct Correct Marks for this submission: 5/5. Question 13 Marks: 5

Which of the following attributes is NOT seen as being necessary for an organization to become a 'learnin

Internal strengths and weaknesses are usually

Choose one answer. a. Most important for CEOs and the board of directors. Incorrect b. The major cause of organizational demise or success. Incorrect c. Not as important as external opportunities and threats. Incorrect d. Controllable activities within an organization Correct Correct Marks for this submission: 5/5. Question 14 Marks: 5

Theorists have identified two main styles of leadership. These are transformational leadership and:
Choose one answer. a. Transgression leadership Incorrect b. Transcendental leadership Incorrect c. Transactional leadership Correct d. Transparent leadership Incorrect Correct Marks for this submission: 5/5. Question 15 Marks: 5 Choose one answer. a. Network Incorrect b. Entrepreneurial structure Incorrect c. Divisional Correct d. Global Incorrect Correct Marks for this submission: 5/5. Question 16 Marks: 5

A business with a functional structure has just increased its product lines from two to five. The company i

The overall purpose of the balanced scorecard approach is to:

Choose one answer.

a. Benchmark against competitors Incorrect b. Help turn strategy into action Correct c. Measure product quality Incorrect d. Measure financial performance Incorrect Correct Marks for this submission: 5/5. Question 17 Marks: 5

Which of the following would NOT normally be an advisable strategy in a progressive mature industry?
Choose one answer. a. Aiming to maximize efficiency and lower costs Incorrect b. Divesting non-core activities Incorrect c. Internationalization Incorrect d. Differentiating on superior product technology Correct Incorrect Marks for this submission: 0/5. Question 18 Marks: 5

To find out what an organization's strategy is, you should:

Choose one answer. a. Look at what the organization actually does Correct b. Ask the CEO Incorrect c. Read the mission statement Incorrect d. Read the strategic plan Incorrect Correct Marks for this submission: 5/5. Question 19 Marks: 5

Important factors in the design of organizational structure includes

Choose one answer. a. Strategy of the organization Incorrect b. Rate of change in the market Incorrect c. All of the above Correct d. Size of the organization Incorrect Incorrect Marks for this submission: 0/5. Question 20 Marks: 5

The primary activities in Porter's Value Chain are:

Choose one answer. a. Inbound logistics, operations, distribution, marketing and sales, service Incorrect b. procurement, operations, distribution, marketing and sales, service Incorrect c. Procurement, operations, outbound logistics, marketing and sales, service Incorrect d. Inbound logistics, operations, outbound logistics, marketing and sales, service Correct 1 Marks: 5

Which one of the following is not something to look for in trying to identify and understand what a compan

Choose one answer. a. Actions to strengthen the companys resource base and competitive capabilities along with planned actions and i b. Actions and approaches that define how a company manages such key functions as R & D, production, sales and

c. Actions to alter geographic coverage & actions to form strategic alliances & collaborative partnerships Incorrect d. Actions to merge with or acquire another company in order to strengthen the companys business position Incorre Incorrect Marks for this submission: 0/5. Question 2 Marks: 5

The things that an organization does with its strategic assets are known as:
Choose one answer. a. Strategic activities Incorrect b. Competences Correct c. Threshold competences Incorrect d. Threshold activities Incorrect Incorrect Marks for this submission: 0/5. Question 3 Marks: 5

A 'market driven' firm will typically:

Choose one answer. a. Develop new products and then find someone to sell them to Incorrect b. Define the target market and produce products that will satisfy those customers' needs Correct c. Operate in a product-oriented fashioN Incorrect d. Suffer from market-myopia Incorrect Correct Marks for this submission: 5/5. Question 4 Marks: 5

Which of the following contexts would most suit a transformational leader?

Choose one answer. a. An organization that is performing well Incorrect b. An organization that is in trouble Correct c. An organization in a mature industry Incorrect d. An organization in a stable environment Incorrect Incorrect Marks for this submission: 0/5. Question 5 Marks: 5

'Reputation' in the context of an organization's resources can provide competitive advantage because:
Choose one answer. a. It is difficult to copy Correct b. It is a threshold resource Incorrect c. It is explicit Incorrect d. It is based on word-of-mouth Incorrect Correct Marks for this submission: 5/5. Question 6 Marks: 5

At the introductory stage of an industry, products and services are likely to be differentiated on:
Choose one answer. a. Quality Incorrect b. Dependability Incorrect c. Functionality Correct

d. Reliability Incorrect Incorrect Marks for this submission: 0/5. Question 7 Marks: 5 Choose one answer. a. More people speaking more languages. Incorrect b. The flow of goods. Correct c. Governmental regulations. Incorrect d. The flow of capital, people, and information. Incorrect Correct Marks for this submission: 5/5. Question 8 Marks: 5

As our world increases in complexity, the global environment is increasingly challenging and competitive.

Business strategy as distinct from corporate strategy, functional strategies and operating strategy

Choose one answer. a. Is chiefly concerned with HOW to build and strengthen the companys competitive position Incorrect b. Both b) and c) Correct c. Concerns the moves made to establish business positions in different industries and the approaches a company d. Can be judged as powerful or weak depending on whether it has the capacity to produce a sizable and sustainab Correct Marks for this submission: 5/5. Question 9 Marks: 5 Choose one answer. a. All of the above Correct b. Information-intensive such as financial services Incorrect c. Manufacturing-intensive such as microprocessors Incorrect d. Research-intensive industries such as pharmaceuticals Incorrect Correct Marks for this submission: 5/5. Question 10 Marks: 5

The types of industries that are expected to be most radically transformed by the Internet, according to th

When trying to judge whether a firm's strategies 'feel' right, the assessment is likely to be:
Choose one answer. a. Qualitative Correct b. Quantitative Incorrect c. Unconscious Incorrect d. Hypothetical Incorrect Correct Marks for this submission: 5/5. Question 11 Marks: 5 Choose one answer. a. Informal organizational relationships Incorrect b. Division of labour and specialization Incorrect c. Objectives of the organization Correct d. Size of the organization Incorrect

In the process of designing an organizational structure or reviewing the existing structure, the first that sh

Correct Marks for this submission: 5/5. Question 12 Marks: 5

In the BCG matrix question marks have:

Choose one answer. a. low market growth and low market share Incorrect b. high market growth and low market share Correct c. high market growth and high market share Incorrect d. low market growth and strong market share Incorrect Correct Marks for this submission: 5/5. Question 13 Marks: 5 Choose one answer. a. A subsidiary Incorrect b. A department Incorrect c. A strategic business unit Correct d. A profit centre Incorrect Correct Marks for this submission: 5/5. Question 14 Marks: 5

What business entity can be described as a section within a large organization responsible for planning

Companies opt to expand into foreign markets for such reasons as to

Choose one answer. a. Gain access to new customers, achieve lower costs and enhance the companys competitiveness, capitalizing on b. Avoid dependence on export strategy and get in position to use a global strategy instead of a narrow domestic str c. Boost return on investment, increase the size of their product lines, avoid tariff and trade restrictions and escape d. Grow sales faster than the industry average, boost earnings per share, reduce the competitive threats from rivals Correct Marks for this submission: 5/5. Question 15 Marks: 5

Which of the following is not a way that Internet technologies are being used to improve an overall cost le

Choose one answer. a. Direct access to progress reports and the ability for customers to periodically check work-in-progress is minimizin b. Quick online responses to service requests and rapid feedback to customer surveys and product promotions are c. Online purchase orders are making many transactions paperless, reducing the costs of procurement and paper. d. Online bidding and order processing are eliminating the need for sales calls and minimizing sales force expenses Correct Marks for this submission: 5/5. Question 16 Marks: 5 Choose one answer. a. Surface learning Incorrect b. Double-loop learning Incorrect c. Single-loop learning Correct d. Deep learning Incorrect Correct

Organization adjusts its pricing in response to falling customer demand. This is an example of which type

Marks for this submission: 5/5. Question 17 Marks: 5

The overall purpose of the balanced scorecard approach is to:

Choose one answer. a. Measure product quality Incorrect b. Measure financial performance Incorrect c. Benchmark against competitors Incorrect d. Help turn strategy into action Correct Correct Marks for this submission: 5/5. Question 18 Marks: 5 Choose one answer. a. Project structure Incorrect b. Matrix structure Incorrect c. Front-back structure Incorrect d. Divisionalized structure Correct Incorrect Marks for this submission: 0/5. Question 19 Marks: 5

Firm has a functional director for six areas and an area director for three functions. There, staff at each a

The rivalry among the competing sellers is stronger

Choose one answer. a. When customers are brand loyal and their costs to switch to competing brands or substitutes are relatively high In b. As the number of rivals increases and as they become more equal in size and competitive capability Correct c. When demand for the product is growing rapidly Incorrect d. When buyers are not particularly well-informed about sellers price, products and costs and can be easily influenc Incorrect Marks for this submission: 0/5. Question 20 Marks: 5

Which of the following is not a strategic objective

Choose one answer. a. Improving customer satisfaction Incorrect b. Achieving lower overall costs than rivals Incorrect c. Increasing after tax earnings Correct d. Making gains in market share Incorrect 1 Marks: 5

Theorists have identified two main styles of leadership. These are transformational leadership and:
Choose one answer. a. Transgression leadership Incorrect b. Transcendental leadership Incorrect c. Transparent leadership Incorrect d. Transactional leadership Correct Correct Marks for this submission: 5/5. Question 2

Marks: 5

The rivalry among the competing sellers is stronger

Choose one answer. a. When customers are brand loyal and their costs to switch to competing brands or substitutes are relatively high In b. When demand for the product is growing rapidly Incorrect c. As the number of rivals increases and as they become more equal in size and competitive capability Correct d. When buyers are not particularly well-informed about sellers price, products and costs and can be easily influenc Correct Marks for this submission: 5/5. Question 3 Marks: 5

How often should strategic-management activities be performed?

Choose one answer. a. Monthly Incorrect b. Annually Incorrect c. Continuously Correct d. Quarterly Incorrect Correct Marks for this submission: 5/5. Question 4 Marks: 5 Choose one answer. a. What strengths, weaknesses, opportunities and threats are evident in the industry environment? Correct b. What is competition like and how strong is each of the various competitive forces? Incorrect c. What is causing the industrys competitive structure and business environment to change? Incorrect d. What are the key factors for competitive success in the industry? Incorrect Correct Marks for this submission: 5/5. Question 5 Marks: 5 Choose one answer. a. It can make information easier to share Incorrect b. It can reduce errors Incorrect c. It can ensure that stakeholders are treated consistently Incorrect d. It can increase organizational flexibility Correct Incorrect Marks for this submission: 0/5. Question 6 Marks: 5

Which of the following is not one of the question that need to be answered in doing industry and competit

Bureaucracy is sometimes seen as a negative thing but it has some benefits for organizations. Which of t

The overall purpose of the balanced scorecard approach is to:

Choose one answer. a. Measure product quality Incorrect b. Help turn strategy into action Correct c. Benchmark against competitors Incorrect d. Measure financial performance Incorrect Correct Marks for this submission: 5/5. Question 7 Marks: 5

Which of the following is not a feature of a typical entrepreneur?

Choose one answer. a. Innovativeness Incorrect b. A natural talent for salesmanship Correct c. A risk-taking orientation Incorrect d. An emphasis on managing their firm's culture and vision Incorrect Incorrect Marks for this submission: 0/5. Question 8 Marks: 5

A 'market driven' firm will typically:

Choose one answer. a. Define the target market and produce products that will satisfy those customers' needs Correct b. Operate in a product-oriented fashioN Incorrect c. Develop new products and then find someone to sell them to Incorrect d. Suffer from market-myopia Incorrect Correct Marks for this submission: 5/5. Question 9 Marks: 5 Choose one answer. a. Entrepreneurial structure Incorrect b. Global Incorrect c. Network Incorrect d. Divisional Correct Correct Marks for this submission: 5/5. Question 10 Marks: 5

A business with a functional structure has just increased its product lines from two to five. The company i

Which of the following would NOT normally be an advisable strategy in a progressive mature industry?
Choose one answer. a. Differentiating on superior product technology Correct b. Divesting non-core activities Incorrect c. Internationalization Incorrect d. Aiming to maximize efficiency and lower costs Incorrect Correct Marks for this submission: 5/5. Question 11 Marks: 5 Choose one answer. a. The European Union Incorrect b. The World Trade Organization Correct c. UNICEF Incorrect d. NAFTA Incorrect Incorrect Marks for this submission: 0/5. Question 12 Marks: 5

Three of the most important bodies that regulate world trade are the World Bank, the International Monet

Which of the following is not a strategic objective

Choose one answer. a. Achieving lower overall costs than rivals Incorrect b. Improving customer satisfaction Incorrect c. Increasing after tax earnings Correct d. Making gains in market share Incorrect Correct Marks for this submission: 5/5. Question 13 Marks: 5

An organization's strengths and weaknesses are determined relative to

Choose one answer. a. Government Incorrect b. External opportunities and threats. Incorrect c. Its strategic business units. Incorrect d. Competitors Correct Incorrect Marks for this submission: 0/5. Question 14 Marks: 5 Choose one answer. a. Absorptive organizations Incorrect b. Stretch organizations Incorrect c. Knowing organizations Incorrect d. Learning organizations Correct Correct Marks for this submission: 5/5. Question 15 Marks: 5 Choose one answer. a. The financial perspective Correct b. The external perspective Incorrect c. The helicopter perspective Incorrect d. The key shareholder perspective Incorrect Correct Marks for this submission: 5/5. Question 16 Marks: 5

Organizations that are good at developing relevant capabilities to respond to a changing context are know

The balanced scorecard approach is a framework for measuring performance based on four factors. The

Benchmarking

Choose one answer. a. Is not a valid tool for measuring cost effectiveness of an activity unless it is restricted to companies in the same in b. Is inherently unethical if it involves companies that are direct competitors Incorrect c. Is not used very often by companies because most of information and data used in doing benchmarking studies h d. Is a good tool for determining whether a company is performing particular value chain activities and functions as Correct Marks for this submission: 5/5. Question 17 Marks: 5 Choose one answer.

What business entity can be described as a section within a large organization responsible for planning

a. A strategic business unit Correct b. A profit centre Incorrect c. A department Incorrect d. A subsidiary Incorrect Correct Marks for this submission: 5/5. Question 18 Marks: 5 Choose one answer. a. The flow of capital, people, and information. Incorrect b. The flow of goods. Correct c. More people speaking more languages. Incorrect d. Governmental regulations. Incorrect Correct Marks for this submission: 5/5. Question 19 Marks: 5

As our world increases in complexity, the global environment is increasingly challenging and competitive.

Which type of assets can be considered as the most heterogeneous?

Choose one answer. a. Human Correct b. Financial Incorrect c. Physical Incorrect d. Intangible Incorrect Correct Marks for this submission: 5/5. Question 20 Marks: 5

Which of the following stages should form apart of an organizations risk assessment in relation to a prop
1) Make an explicit assessment of the risks 2) Communicate the risks to the all concerned 3) Explore contingencies that will lessen the impact if things go wrong 4) Decide whether the risks are acceptable to the organization Choose one answer. a. 1), 2) and 3) Incorrect b. All of the above Incorrect c. 1), 2) and 4) Incorrect d. 1),3), and 4) Correct 1 Marks: 5

The overall purpose of the balanced scorecard approach is to:

Choose one answer. a. Measure product quality Incorrect b. Help turn strategy into action Correct c. Measure financial performance Incorrect d. Benchmark against competitors Incorrect Correct Marks for this submission: 5/5. Question 2

Marks: 5

Important factors in the design of organizational structure includes

Choose one answer. a. Strategy of the organization Incorrect b. Rate of change in the market Incorrect c. All of the above Correct d. Size of the organization Incorrect Correct Marks for this submission: 5/5. Question 3 Marks: 5

Which of these questions is addressed by a mission statement?

Choose one answer. a. What do we want to become? Incorrect b. What is our business? Correct c. How many employees must we have? Incorrect d. Who do we want to serve? Incorrect Correct Marks for this submission: 5/5. Question 4 Marks: 5

The correct components of the 7-S framework are

Choose one answer. a. Shared values, synergy, systems, strategy, style, staff and structure Incorrect b. Synergy, strategy, systems, Shared values, staff, style and security Incorrect c. Structure, strategy, shared values, style, staff, skills and systems Correct d. Standards, synergy, strategy, systems, Shared values, staff and structure Incorrect Correct Marks for this submission: 5/5. Question 5 Marks: 5 Choose one answer. a. Ethical Incorrect b. Political and economic and legal Correct c. Political and environmental Incorrect d. Political Incorrect Correct Marks for this submission: 5/5. Question 6 Marks: 5

In terms of the PESTEL analysis, the liberalizing of international trade and tariff regimes could go in which

Companies opt to expand into foreign markets for such reasons as to

Choose one answer. a. Avoid dependence on export strategy and get in position to use a global strategy instead of a narrow domestic str b. Grow sales faster than the industry average, boost earnings per share, reduce the competitive threats from rivals c. Boost return on investment, increase the size of their product lines, avoid tariff and trade restrictions and escape d. Gain access to new customers, achieve lower costs and enhance the companys competitiveness, capitalizing on Correct Marks for this submission: 5/5. Question 7 Marks: 5

Which of the following is correct?

Choose one answer. a. An organization's structure would be expected to evolve as it grew larger and more diverse Correct b. Every organization starts out with a simple structure, then moves to a functional structure before becoming divisio c. Organizational performance will suffer if the structure is not stable Incorrect d. Network structures are superior to functional ones Incorrect Correct Marks for this submission: 5/5. Question 8 Marks: 5

In the value chain, primary activities are:

Choose one answer. a. Those activities that support the production, marketing and delivery of the product or service Incorrect b. Directly involved in the production and delivery of the product or service Incorrect c. Directly involved in the production, marketing and delivery of the product or service Correct d. Those activities that are all undertaken in-house Incorrect Correct Marks for this submission: 5/5. Question 9 Marks: 5 Choose one answer. a. Chain of command Incorrect b. Span of control Incorrect c. Hierarchy Correct d. Architecture Incorrect Correct Marks for this submission: 5/5. Question 10 Marks: 5 Choose one answer. a. Increased efficiency Incorrect b. Exposure to demanding customers with exotic tastes Incorrect c. Increased access to funding Incorrect d. Making life more difficult for competitors Correct Incorrect Marks for this submission: 0/5. Question 11 Marks: 5

The shape or format of reporting and decision making relationships can be defined as the organizational:

Which of the following might NOT be an advantage of increasing the number of countries in which a cloth

When there is a fit between the goals of the organization and the goals of individuals, this is known as:
Choose one answer. a. Goal coordination Incorrect b. Goal fit Incorrect c. Goal congruence Correct d. Goal hierarchy fit Incorrect Correct Marks for this submission: 5/5. Question 12 Marks: 5

To find out what an organization's strategy is, you should:

Choose one answer. a. Read the mission statement Incorrect b. Look at what the organization actually does Correct c. Read the strategic plan Incorrect d. Ask the CEO Incorrect Correct Marks for this submission: 5/5. Question 13 Marks: 5

'Reputation' in the context of an organization's resources can provide competitive advantage because:
Choose one answer. a. It is explicit Incorrect b. It is based on word-of-mouth Incorrect c. It is difficult to copy Correct d. It is a threshold resource Incorrect Correct Marks for this submission: 5/5. Question 14 Marks: 5

In the strategic planning model SWOT analysis is carried out as part of

Choose one answer. a. Strategic option generation Incorrect b. Mission and objective setting Incorrect c. Strategy evaluation and choice Incorrect d. Corporate appraisal Correct Correct Marks for this submission: 5/5. Question 15 Marks: 5

Theorists have identified two main styles of leadership. These are transformational leadership and:
Choose one answer. a. Transcendental leadership Incorrect b. Transparent leadership Incorrect c. Transactional leadership Correct d. Transgression leadership Incorrect Correct Marks for this submission: 5/5. Question 16 Marks: 5

The value chain is subdivided into two main headings. These are primary activities and:
Choose one answer. a. Support activities Correct b. Secondary activities Incorrect c. Peripheral activities Incorrect d. Outsourced activities Incorrect Correct Marks for this submission: 5/5. Question 17 Marks: 5

Which of the following is not a key area that might limit the feasibility of a strategic option?
Choose one answer.

a. Lack of customer need for the proposed product Correct b. Culture, skills and resources that is internal to the organization Incorrect c. Lack of commitment from managers and employees Incorrect d. Competitor reactions Incorrect Incorrect Marks for this submission: 0/5. Question 18 Marks: 5 Choose one answer. a. Absorptive organizations Incorrect b. Stretch organizations Incorrect c. Learning organizations Correct d. Knowing organizations Incorrect Correct Marks for this submission: 5/5. Question 19 Marks: 5 Choose one answer. a. Informal organizational relationships Incorrect b. Division of labour and specialization Incorrect c. Objectives of the organization Correct d. Size of the organization Incorrect Correct Marks for this submission: 5/5. Question 20 Marks: 5 Choose one answer. a. What strengths, weaknesses, opportunities and threats are evident in the industry environment? Correct b. What is causing the industrys competitive structure and business environment to change? Incorrect c. What is competition like and how strong is each of the various competitive forces? Incorrect d. What are the key factors for competitive success in the industry?

Organizations that are good at developing relevant capabilities to respond to a changing context are know

In the process of designing an organizational structure or reviewing the existing structure, the first that sh

Which of the following is not one of the question that need to be answered in doing industry and competit

nce based on four factors. These are 'innovation and learning', 'the customer perspective', 'the internal perspective' a

from least specific to most specific?

solute and advantage

and operating strategy

y to produce a sizable and sustainable competitive advantage Incorrect etitive position Incorrect

ries and the approaches a company uses to manage its different businesses Incorrect

mational leadership and:

zation responsible for planning developing producing and marketing its own products and services ?

introductory stage of the industry life cycle?

where the industry is headed, how fast the industry is likely to grow and what competition will be like, and the critical importance of earning a or development. Correct nd who the companys closest are now and will probably be later Incorrect nys resources Incorrect

wer level managers

and diversified an organizations operations are, the more unwieldy it becomes for senior executives to craft and implement all the necessar enior level managers to handle the strategic management tasks Incorrect staffed strategic planning department Incorrect better strategic decisions Incorrect

ndividuals, this is known as:

trategic option?

nfrastructure Correct ership Incorrect ce Incorrect nizational structure Incorrect

in doing industry and competitive analysis?

orces? Incorrect dustry environment? Correct

ent to change? Incorrect

ically integrated business?

ble Incorrect

defined as the organizational:

is is an example of which type of learning?

mational leadership and:

in measures. One of these is:

y challenging and competitive. The key to effective globalization is

and operating strategy

etitive position Incorrect y to produce a sizable and sustainable competitive advantage Incorrect ries and the approaches a company uses to manage its different businesses Incorrect

esses Correct

used in doing benchmarking studies has proven not to be reliable or trustworthy Incorrect estricted to companies in the same industry Incorrect lue chain activities and functions as efficiently as other companies Correct

tegy instead of a narrow domestic strategy Incorrect iff and trade restrictions and escape having to rely on unionized labour Incorrect anys competitiveness, capitalizing on its core competencies and spread business risk across wider market base Correct ce the competitive threats from rivals and increase their ability to enter into strategic alliances Incorrect

integration. This would involve:

arkets Incorrect ation Incorrect

by a different firm Correct

ed to improve an overall cost leadership strategy?

surveys and product promotions are enhancing marketing efforts. Correct he costs of procurement and paper. Incorrect and minimizing sales force expenses. Incorrect y check work-in-progress is minimizing rework. Incorrect

activities and:

to a changing context are known as:

nal structure before becoming divisionalized Incorrect d more diverse Correct

clude which of the following?

egy implementation and execution Incorrect

ssessment in relation to a proposed strategy

ganization to become a 'learning organization'?

mational leadership and:

om two to five. The company is considering a revision to the structure. Suitable type would be

rogressive mature industry?

and understand what a companys strategy is?

ties along with planned actions and initiatives to out compete rivals Incorrect tions as R & D, production, sales and marketing, finance & technology. Correct

collaborative partnerships Incorrect companys business position Incorrect

ers' needs Correct

petitive advantage because:

be differentiated on:

y challenging and competitive. The key to effective globalization is

and operating strategy

etitive position Incorrect

ries and the approaches a company uses to manage its different businesses Incorrect y to produce a sizable and sustainable competitive advantage Incorrect

by the Internet, according to the text are:

t is likely to be:

sting structure, the first that should be clarified is;

zation responsible for planning developing producing and marketing its own products and services ?

anys competitiveness, capitalizing on its core competencies and spread business risk across wider market base Correct tegy instead of a narrow domestic strategy Incorrect ff and trade restrictions and escape having to rely on unionized labour Incorrect ce the competitive threats from rivals and increase their ability to enter into strategic alliances Incorrect

ed to improve an overall cost leadership strategy?

y check work-in-progress is minimizing rework. Incorrect surveys and product promotions are enhancing marketing efforts. Correct he costs of procurement and paper. Incorrect and minimizing sales force expenses. Incorrect

is is an example of which type of learning?

nctions. There, staff at each area/function will be reporting to 2 bosses. This firm has which type of structure?

ds or substitutes are relatively high Incorrect nd competitive capability Correct and costs and can be easily influenced by advertising Incorrect

mational leadership and:

ds or substitutes are relatively high Incorrect

d competitive capability Correct and costs and can be easily influenced by advertising Incorrect

in doing industry and competitive analysis?

dustry environment? Correct orces? Incorrect nt to change? Incorrect

ts for organizations. Which of the following is NOT a benefit of bureaucracy?

ers' needs Correct

om two to five. The company is considering a revision to the structure. Suitable type would be

rogressive mature industry?

Bank, the International Monetary Fund and:

to a changing context are known as:

nce based on four factors. These are 'innovation and learning', 'the customer perspective', 'the internal perspective' a

estricted to companies in the same industry Incorrect

sed in doing benchmarking studies has proven not to be reliable or trustworthy Incorrect lue chain activities and functions as efficiently as other companies Correct

zation responsible for planning developing producing and marketing its own products and services ?

y challenging and competitive. The key to effective globalization is

ssessment in relation to a proposed strategy

tariff regimes could go in which section or sections?

tegy instead of a narrow domestic strategy Incorrect ce the competitive threats from rivals and increase their ability to enter into strategic alliances Incorrect ff and trade restrictions and escape having to rely on unionized labour Incorrect anys competitiveness, capitalizing on its core competencies and spread business risk across wider market base Correct

d more diverse Correct nal structure before becoming divisionalized Incorrect

oduct or service Incorrect

ervice Correct

defined as the organizational:

er of countries in which a clothing firm does business?

ndividuals, this is known as:

petitive advantage because:

mational leadership and:

activities and:

trategic option?

to a changing context are known as:

sting structure, the first that should be clarified is;

in doing industry and competitive analysis?

dustry environment? Correct ent to change? Incorrect rces? Incorrect

ive', 'the internal perspective' and:

nd services ?

d the critical importance of earning a profit. Incorrect

craft and implement all the necessary actions and programmes. Correct

ket base Correct

nd services ?

ket base Correct

which type of structure?

ive', 'the internal perspective' and:

nd services ?

ket base Correct

Question1 Marks: 5

Which of the following variables would not be considered part of the place element of the marketing mix?
Choose one answer.

a. Labeling b. Sales Territory c. Availability of the product d. Distribution channel

Question2 The slowest way to grow a business is likely to be through: Choose one answer.

a. outsourcing b. A merger c. A strategic alliance

d. Internal development

Question3 The main advantage of differentiation strategy in international markets lies in that Choose one answer.

a. Consumers in foreign markets pay less for the same product b. It enables brand stretching and extension

c. The focus is taken away from price d. Imitators cannot reduce margins

Question4

Which of the following is not a way that Internet technologies are being used to improve an overall c Choose one answer.

a. Online bidding and order processing are eliminating the need for sales calls and minimizing sales force expenses. b. Online purchase orders are making many transactions paperless, reducing the costs of procurement and paper. c. Direct access to progress reports and the ability for customers to periodically check work-in-progress is minimizing rework. d. Quick online responses to service requests and rapid feedback to customer surveys and product promotions are enhancing marketing efforts.

Question5 Which of the following is not a criterion against which strategy options should be evaluated? Choose one answer.

a. Acceptability to the work force b. Feasibility of successful implementation

c. Suitability in relation to the external environment

d. Business risk

Question6

Choose one answer.

For a newly incorporated company a. Vision Should be prepared first b. Mission should be prepared first c. Objectives should be prepared first

c. Objectives should be prepared first d. Strategies should be prepared first

Question7

Which of the following is not one of the question that need to be answered in doing industry and com Choose one answer.

a. What are the key factors for competitive success in the industry? b. What strengths, weaknesses, opportunities and threats are evident in the industry environment? c.Whatiscausingtheindustryscompetitivestructureandbusinessenvironmentto change? d. What is competition like and how strong is each of the various competitive forces?

Question8

One of the greatest effects of e-commerce is that:

Choose one answer.

a. Costs will be reduced b. Customers will be empowered c. Employees become more powerful d. Computers will be less important

Question9 Diversification into many unrelated areas is an example of: Choose one answer.

a. Uncertainty reduction b. Sustainability c. Good management

c. Good management d. Risk management

Question10

Choose one answer.

Which one of the following is not a growth strategy identified by Ansoff ? a. Market Development b. Diversification c. Differentiation d. Product Development

Question11 Who is having the primary responsibility in preparing operational level Strategy Choose one answer.

a. Top-level Manager b. Middle-Level Manager c. Bottom-level Manager d. Board of directors

Question12 Which of the following are signs of weakness in a companys competitive position? Choose one answer.

a. A return-on-equity is below 25% and earnings per share of less than Rs.2.00 b. Lowe revenues and profit margin and narrow product line than the market leader

c. A declining Market share, poor product quality and few sales in market d. A price set by the firm higher than its rivals

Question13 Which of the following outcomes is a potential benefit of outsourcing? Choose one answer.

a. Higher control b. Higher flexibility c. Better linkages between activities d. Lower transaction costs

Question14 Which of the following statements in relation to the five forces framework is correct? Choose one answer.

a. The framework is not appropriate in not-profit organizations b. The framework identifies the major stakeholders of an organization c. The framework is a mean of identifying the forces which affect the level of competition in an industry or sector d. The framework assists in developing a broad perspective on the environment within which an organization is operating

Question15

If Laugh gas buy shares of Shell Gas in order to capture the market. Such kind of integration is c Choose one answer.

a. Forward integration b. Horizontal integration c. Product development d. Backward integration

Question16 How often should strategic-management activities be performed? Choose one answer.

a. Continuously b. Annually c. Monthly d. Quarterly

Question17 Annual Objectives Choose one answer.

a. Should be measurable b. Need not be consistent c. Should be confidential and not be communicated throughout organization d. Should not be specific

Question18

GAP analysis:
Choose one answer.

a. Is a planning approach for determining where an organization as today b. Is a planning approach for determining how an organization will reach its goals c. Provides a diagram showing a company's present momentum and its potential d. All of the above

Question19 Which type of asset is rarely strategic? Choose one answer.

a. Brand name b. Land and property c. Reputation d. Financial assets

Question20

One of the strategic decisions relating to the value chain concerns vertical integration. This would in Choose one answer.

a. Deciding to link all activities using Enterprise Resource Planning b. Deciding whether to locate operations in the home country or in a foreign location

c. Deciding whether the activity should be performed within the organization or by a different firm d. Deciding whether to share certain activities across different products and markets

the marketing mix?

to improve an overall cost leadership strategy?

d be evaluated?

doing industry and competitive analysis?

Ansoff ?

kind of integration is called:

egration. This would involve:

In the BCG matrix question marks have: Choose one answer.

Question 2 Choose one answer.

Question 3 Delegating a strategy making/ strategy implementing role to middle and lower level managers Choose one answer.

Question 4 At corporate level, diversification comes about when a firm is involved in two or more: Choose one answer.

Question 5 The principal-agent problem is concerned with: Choose one answer.

Question 6 The primary activities in Porter's Value Chain are: Choose one answer.

Question 7 Which of the following lists is the hierarchy of organizational goals in order from least specific to most specific? Choose one answer.

Question 8 Economies of scale are derived from: Choose one answer.

Question 9 Which of the following is not a feature of a typical entrepreneur? Choose one answer.

Question 10 Strategy implementation and formulation is a challenging, on-going process. To be effective, it should involve Choose one answer.

Question 11 Substantial changes to the range of offerings or the markets served or both are known as: Choose one answer.

Question 12 The value chain is subdivided into two main headings. These are primary activities and: Choose one answer.

Question 13 In Porter's Generic Strategies model, a focus strategy involves: Choose one answer.

Question 14 The types of industries that are expected to be most radically transformed by the Internet, according to the text are: Choose one answer.

Question 15 If a resource is 'inimitable' a competitor finds it: Choose one answer.

Question 16

Which of the following is not one of the question that need to be answered in doing industry and competitive analysis Choose one answer.

Question 17 Which of the following is not a criterion against which strategy options should be evaluated? Choose one answer.

Question 18 In the context of strategic management, stakeholders can be defined as: Choose one answer.

Question 19 In the strategic planning model SWOT analysis is carried out as part of Choose one answer.

Question 20 Twooftheoldestandmostimportanttradetheoriesarethetheoriesofabsoluteandadvantage

Choose one answer.

In the value chain, primary activities are: Choose one answer.

Question 2 Corporate strategies concern about, Choose one answer.

Question 3 Which type of asset is rarely strategic? Choose one answer.

Question 4 In the balanced scorecard approach quality would come under which perspective? Choose one answer.

Question 5 One of the strategic decisions relating to the value chain concerns vertical integration. This would involve: Choose one answer.

Question 6 At the introductory stage of an industry, products and services are likely to be differentiated on: Choose one answer.

Question 7

The Balanced Scorecard approach has been criticized for leaving out certain measures. One of these is: Choose one answer.

Question 8 When trying to judge whether a firm's strategies 'feel' right, the assessment is likely to be: Choose one answer.

Question 9

Benchmarking is a popular tool to measure performance. Benchmarking involves the continual process of comparing Choose one answer.

Question 10 The things that an organization does with its strategic assets are known as: Choose one answer.

Question 11 Acompanysstrategy Choose one answer.

Question 12 Which of the following statements is not true when describing a successful strategy? Choose one answer.

Question 13

A business with a functional structure has just increased its product lines from two to five. The company is considerin Choose one answer.

Question 14

Which of the following is not a way that Internet technologies are being used to improve an overall cost leadership st Choose one answer.

Question 15 Value-based management is: Choose one answer.

Question 16 Is not a structural configuration presented by Mintzberg Choose one answer.

Question 17 Business strategy as distinct from corporate strategy, functional strategies and operating strategy

Choose one answer.

Question 18 Which of the following industries is least likely to follow the conventional life-cycle model? Choose one answer.

Question 19 Which of the following lists is the hierarchy of organizational goals in order from least specific to most specific? Choose one answer.

Question 20 How often should strategic-management activities be performed? Choose one answer.

In the strategic planning model SWOT analysis is carried out as part of Choose one answer.

Question 2 One of the main problems with explicit knowledge is that: Choose one answer.

Question 3 The things that an organization does with its strategic assets are known as: Choose one answer.

Question 4 Which of the following is NOT an important element to look for when selecting an alliance partner? Choose one answer.

Question 5 At the introductory stage of an industry, products and services are likely to be differentiated on: Choose one answer.

Question 6 In the case where an organization acquires its supplier, this is an example of: Choose one answer.

Question 7 Which of the following is not a feature of a typical entrepreneur? Choose one answer.

Question 8 Functional strategies Choose one answer.

Question 9

McDonalds is deciding whether to expand into manufacturing kitchen equipment in China. At what level is this decis Choose one answer.

Question 10

According to Porter, if an organization does not follow either a cost leadership strategy or a differentiation strategy th Choose one answer.

Question 11

Whichofthefollowingstagesshouldformapartofanorganizationsriskassessmentinrelationtoaproposedstrateg 1) Make an explicit assessment of the risks 2) Communicate the risks to the all concerned 3) Explore contingencies that will lessen the impact if things go wrong

4) Decide whether the risks are acceptable to the organization Choose one answer.

Question 12 Knowledge management is concerned with the emergence, storage and ______________ of knowledge. Choose one answer.

Question 13 Which of the following is not a key area that might limit the feasibility of a strategic option? Choose one answer.

Question 14 Within an international context what is economies of scope? Choose one answer.

Question 15 Which of the following is not a criterion against which strategy options should be evaluated? Choose one answer.

Question 16 Which of these questions is addressed by a mission statement? Choose one answer.

Question 17 In Porter's Generic Strategies model, a focus strategy involves: Choose one answer.

Question 18

In the process of designing an organizational structure or reviewing the existing structure, the first that should be clar Choose one answer.

Question 19 Which of the following would NOT normally be an advisable strategy in a progressive mature industry? Choose one answer.

Question 20 A joint venture can be defined as: Choose one answer.

he BCG matrix question marks have: oose one answer.

a. low market growth and strong market share b. high market growth and low market share c. low market growth and low market share d. high market growth and high market share

oose one answer. a. Introduction b. Maturity c. Decline d. Growth

egating a strategy making/ strategy implementing role to middle and lower level managers oose one answer. a. Is normal in many companies because of the more geographically scattered and diversified an organizationsoperationsare,themoreunwieldyitbecomesforseniorexecutivestocraftandimplement all the necessary actions and programmes. b. Is rarely done in large companies because there are plenty of experienced senior level managers to handle the strategic management tasks

c.Isgenerallynotgoodbecausetheylackthebigpictureknowledgetomakebetterstrategicdecisions d. Works best when they can seek counsel on an as-needed basis from a well-staffed strategic planning department

corporate level, diversification comes about when a firm is involved in two or more: oose one answer. a. Segments b. Industries c. Businesses d. Markets

e principal-agent problem is concerned with: oose one answer. a. Corporate social responsibility b. How to control a firm's distributors and dealers c. Appropriation of shareholders' investment by a firm's managers d. Procurement

e primary activities in Porter's Value Chain are: oose one answer. a. Procurement, operations, outbound logistics, marketing and sales, service b. Inbound logistics, operations, outbound logistics, marketing and sales, service c. Inbound logistics, operations, distribution, marketing and sales, service d. procurement, operations, distribution, marketing and sales, service

hich of the following lists is the hierarchy of organizational goals in order from least specific to most specific? oose one answer.

a. Mission statements, vision statements, strategic objectives. b. Mission statements, strategic objectives, vision statements. c. Vision statements, strategic objectives, mission statements. d. Vision statements, mission statements, strategic objectives.

onomies of scale are derived from: oose one answer. a. Achieving cheaper unit costs through making larger quantities b. Increasing the number of markets served c. Using cheaper raw materials d. Increasing the breadth of the portfolio

hich of the following is not a feature of a typical entrepreneur? oose one answer. a. Innovativeness b. A risk-taking orientation c. An emphasis on managing their firm's culture and vision d. A natural talent for salesmanship

ategy implementation and formulation is a challenging, on-going process. To be effective, it should involve oose one answer. a. Line and staff managers.

a. Line and staff managers. b. The CEO and the board of directors. c. The board of directors, CEO, and CFO. d. All of the above.

bstantial changes to the range of offerings or the markets served or both are known as: oose one answer. a. Differentiation b. Brand extension c. Relocation d. Diversification

e value chain is subdivided into two main headings. These are primary activities and: oose one answer. a. Secondary activities b. Peripheral activities c. Outsourced activities d. Support activities

Porter's Generic Strategies model, a focus strategy involves: oose one answer. a. Selling to a narrow customer segment b. Selling simple products that are cheap to produce c. Selling to one region only d. Selling a limited range of products

d. Selling a limited range of products

e types of industries that are expected to be most radically transformed by the Internet, according to the text are: oose one answer. a. Manufacturing-intensive such as microprocessors b. Information-intensive such as financial services c. All of the above d. Research-intensive industries such as pharmaceuticals

resource is 'inimitable' a competitor finds it: oose one answer. a. Easy to copy and easy to acquire b. Easy to acquire c. Easy to copy d. Difficult to copy

hich of the following is not one of the question that need to be answered in doing industry and competitive analysis? oose one answer. a. What strengths, weaknesses, opportunities and threats are evident in the industry environment? b. What is competition like and how strong is each of the various competitive forces? c.Whatiscausingtheindustryscompetitivestructureandbusinessenvironmenttochange? d. What are the key factors for competitive success in the industry?

hich of the following is not a criterion against which strategy options should be evaluated? oose one answer. a. Feasibility of successful implementation b. Business risk c. Suitability in relation to the external environment d. Acceptability to the work force

he context of strategic management, stakeholders can be defined as: oose one answer. a. An individual or group with a financial stake in the organization b. Internal groups or individuals that are able to influence strategic direction of the organization c. An individual or group with an interest in the organization's activities and who seeks to influence them d. An external individual or group that is able to impose constraints on the organization

he strategic planning model SWOT analysis is carried out as part of oose one answer. a. Mission and objective setting b. Strategic option generation c. Strategy evaluation and choice d. Corporate appraisal

ooftheoldestandmostimportanttradetheoriesarethetheoriesofabsoluteandadvantage

oose one answer. a. Contrasting b. Comparative c. Converse d. Compound

he value chain, primary activities are: oose one answer. a. Directly involved in the production and delivery of the product or service b. Those activities that are all undertaken in-house c. Directly involved in the production, marketing and delivery of the product or service d. Those activities that support the production, marketing and delivery of the product or service

rporate strategies concern about, oose one answer. a. Whether to focus on short-run performance targets or long-run performance targets and how much organizational strength to build in b. Strategies for individual strategic business units. c. How to grow the business, how to out compete rivals, how to satisfy customers, how to respond to changing market conditions, and how to manage each function of the business d.Whentoimprovethecompanysmission

hich type of asset is rarely strategic? oose one answer. a. Reputation b. Land and property c. Brand name d. Financial assets

he balanced scorecard approach quality would come under which perspective? oose one answer. a. The customer perspective b. The innovation and learning perspective c. The financial perspective d. The internal perspective

e of the strategic decisions relating to the value chain concerns vertical integration. This would involve: oose one answer. a. Deciding to link all activities using Enterprise Resource Planning b. Deciding whether to share certain activities across different products and markets c. Deciding whether the activity should be performed within the organization or by a different firm d. Deciding whether to locate operations in the home country or in a foreign location

the introductory stage of an industry, products and services are likely to be differentiated on: oose one answer. a. Functionality b. Dependability c. Quality d. Reliability

e Balanced Scorecard approach has been criticized for leaving out certain measures. One of these is: oose one answer. a. Customer satisfaction measures b. Employee satisfaction measures c. Technological innovation measures d. Financial measures

hen trying to judge whether a firm's strategies 'feel' right, the assessment is likely to be: oose one answer. a. Hypothetical b. Quantitative c. Unconscious d. Qualitative

nchmarking is a popular tool to measure performance. Benchmarking involves the continual process of comparing organizational oose one answer. a. High achieving organizations b. Industry standards c. Organizations within the same industry d. Rivals

e things that an organization does with its strategic assets are known as: oose one answer. a. Strategic activities b. Threshold activities c. Threshold competences d. Competences

d. Competences

ompanysstrategy oose one answer. a. Is aimed more at achieving strategic objectives than at achieving financial objectives b.Isacompanysmeansofexecutingitsbusinessmodel c. Is a combination of planned actions and emerging steps to new developing industry and competitive events

d. Is formed primarily at the same time the company is formed & then evolves slowly thereafter

hich of the following statements is not true when describing a successful strategy? oose one answer. a. It guarantees long term survival b. It addresses changes in the external environment c. It provides the means for renewing competitive advantage d. It provides some property that is unique or distinctive

business with a functional structure has just increased its product lines from two to five. The company is considering a revision to oose one answer. a. Network b. Divisional c. Global d. Entrepreneurial structure

hich of the following is not a way that Internet technologies are being used to improve an overall cost leadership strategy? oose one answer. a. Direct access to progress reports and the ability for customers to periodically check work-in-progress is minimizing rework. b. Online bidding and order processing are eliminating the need for sales calls and minimizing sales force expenses. c. Online purchase orders are making many transactions paperless, reducing the costs of procurement and paper. d. Quick online responses to service requests and rapid feedback to customer surveys and product promotions are enhancing marketing efforts.

ue-based management is: oose one answer. a. A structured system of targets used in the private sector to motivate people to enhance shareholder value b. A structured system of targets used in the public sector to motivate people to improve service to the public through an understanding of the organization's values c. Another name for management by objectives d. A structured system of targets to motivate people to enhance the organization's value

not a structural configuration presented by Mintzberg oose one answer. a. Simple structure b. Cluster structure c. Adhocracy d. Professional bureaucracy

siness strategy as distinct from corporate strategy, functional strategies and operating strategy

oose one answer. a. Both b) and c) b. Can be judged as powerful or weak depending on whether it has the capacity to produce a sizable and sustainable competitive advantage c.IschieflyconcernedwithHOWtobuildandstrengthenthecompanyscompetitiveposition d. Concerns the moves made to establish business positions in different industries and the approaches a company uses to manage its different businesses

hich of the following industries is least likely to follow the conventional life-cycle model? oose one answer. a. Software development b. Insurance broking c. Hairdressing d. Coal mining

hich of the following lists is the hierarchy of organizational goals in order from least specific to most specific? oose one answer. a. Mission statements, strategic objectives, vision statements. b. Vision statements, strategic objectives, mission statements. c. Vision statements, mission statements, strategic objectives. d. Mission statements, vision statements, strategic objectives.

w often should strategic-management activities be performed? oose one answer. a. Monthly b. Annually c. Quarterly

c. Quarterly d. Continuously

he strategic planning model SWOT analysis is carried out as part of oose one answer. a. Strategic option generation b. Corporate appraisal c. Mission and objective setting d. Strategy evaluation and choice

e of the main problems with explicit knowledge is that: oose one answer. a. It inhibits further learning b. It is difficult to transfer c. It is not fluid d. It is easier to obtain it

e things that an organization does with its strategic assets are known as: oose one answer. a. Strategic activities b. Threshold activities c. Threshold competences d. Competences

hich of the following is NOT an important element to look for when selecting an alliance partner? oose one answer. a. Compatible expectations and objectives

b. Very similar culture and resources c. Resources that complement your own d. They should have as much to lose as you do if the alliance fails

the introductory stage of an industry, products and services are likely to be differentiated on: oose one answer. a. Functionality b. Quality c. Reliability d. Dependability

he case where an organization acquires its supplier, this is an example of: oose one answer. a. Backwards vertical integration b. Forwards vertical integration c. Horizontal integration d. Downstream vertical integration

hich of the following is not a feature of a typical entrepreneur? oose one answer. a. An emphasis on managing their firm's culture and vision b. A risk-taking orientation c. A natural talent for salesmanship d. Innovativeness

nctional strategies oose one answer. a. Are needed for every major departmental unit and every major piece of the business b. Concerns the strategic initiatives and approaches of key internal units (plants, distribution centers, sales units) and key activities (purchasing, shipping and advertising) c. Are generally crafted by the business head working in consultation with key subordinates and department heads d. Support the overall business strategy and competitive approach

Donalds is deciding whether to expand into manufacturing kitchen equipment in China. At what level is this decision likely to be oose one answer. a. Corporate b. Business c. Functional d. International

cording to Porter, if an organization does not follow either a cost leadership strategy or a differentiation strategy they are: oose one answer. a. Hybrid b. Typical c. Stuck in the middle d. No frills

hichofthefollowingstagesshouldformapartofanorganizationsriskassessmentinrelationtoaproposedstrategy

Make an explicit assessment of the risks Communicate the risks to the all concerned Explore contingencies that will lessen the impact if things go wrong

Decide whether the risks are acceptable to the organization oose one answer. a. 1),3), and 4) b. 1), 2) and 4) c. 1), 2) and 3) d. All of the above

owledge management is concerned with the emergence, storage and ______________ of knowledge. oose one answer. a. Translation b. Transfer c. Trade d. Transcription

hich of the following is not a key area that might limit the feasibility of a strategic option? oose one answer. a. Competitor reactions b. Lack of customer need for the proposed product c. Lack of commitment from managers and employees d. Culture, skills and resources that is internal to the organization

thin an international context what is economies of scope? oose one answer. a. Re-using a resource from one country/business in additional countries/businesses b. Buying components in bulk c. Any of the above d. Decreased cost per unit of output

hich of the following is not a criterion against which strategy options should be evaluated? oose one answer. a. Acceptability to the work force b. Business risk c. Feasibility of successful implementation d. Suitability in relation to the external environment

hich of these questions is addressed by a mission statement? oose one answer. a. How many employees must we have? b. Who do we want to serve? c. What is our business? d. What do we want to become?

Porter's Generic Strategies model, a focus strategy involves: oose one answer. a. Selling to one region only b. Selling a limited range of products c. Selling simple products that are cheap to produce d. Selling to a narrow customer segment

he process of designing an organizational structure or reviewing the existing structure, the first that should be clarified is; oose one answer. a. Objectives of the organization b. Informal organizational relationships

c. Division of labour and specialization d. Size of the organization

hich of the following would NOT normally be an advisable strategy in a progressive mature industry? oose one answer. a. Internationalization b. Divesting non-core activities c. Aiming to maximize efficiency and lower costs d. Differentiating on superior product technology

oint venture can be defined as: oose one answer. a. One firm licenses its intellectual property to another firm b. Two firms collaborate together on a specific project c. Two firms come together to form a third, legally separate firm d. Two firms merge together

mparing organizational performance against:

nsidering a revision to the structure. Suitable type would be

rship strategy?

is decision likely to be made?

ategy they are:

be clarified is;