Strategic Management MCQ Questions and Solutions with Explanations | Management

Acquisitions often fail to deliver the successes that were predicted prior to acquisition. Poor strategic leadership is the main reason for this failure. Strategic leaders act in ways that manage the tension between success in daily tasks and success in the long term. They facilitate other's strategic actions, too, by providing a balance of direction and autonomy, of learning from actions and rewarding appropriate risk-taking.

The size of the business is not an issue in selecting a business as a divestment candidate. Divestment is a form of retrenchment strategy used by businesses when they downsize the scope of their business activities. Divestment is a form of retrenchment strategy used by businesses when they downsize the scope of their business activities. Divestment usually involves eliminating a portion of a business. Firms may elect to sell, close, or spin-off a strategic business unit, major operating division, or product line. This move often is the final decision to eliminate unrelated, unprofitable, or unmanageable operations.

Quality is an aspect of implementation that can be changed indirectly if necessary. The quality strategy is a vital element to building the quality process and expectations of the organization. It is important that it reflects the business mission and provides vision, values and goals to the employees.

A small company, with power concentrated in the hands of one central figure, tends to be centralized and informal. Centralized authority refers to an organizational management structure where most of the major decision-making power and authority rests in the hands of a concentrated group of leaders.

Small, sophisticated service companies one of the following types of organizations would benefit from a matrix structure. A matrix organizational structure is a company structure in which the reporting relationships are set up as a grid, or matrix, rather than in the traditional hierarchy. In other words, employees have dual reporting relationships - generally to both a functional manager and a product manager.

Lack of necessary strategic resources is not a reason for why employees resist the implementation of strategic changes. Strategic implementation is a process that puts plans and strategies into action to reach desired goals. The strategic plan itself is a written document that details the steps and processes needed to reach plan goals, and includes feedback and progress reports to ensure that the plan is on track.

Demographical considerations (e g , age; ethnicity etc) is not a main determinant of centralization/decentralization.

Intrapreneurial is not an identified form of organizational structure. Intrapreneurs are employees who work within a business in an entrepreneurial capacity, creating innovative new products and processes for the organization.

Holding company structures are most useful for For companies pursuing restructuring strategies. An organizational restructuring strategy involves redesigning operations and management reporting structures to address and correct the operational issues that led to a company's distressed position.

Decentralization and co-ordination are characteristic of matrix structures. Matrix structures facilitate coordination when the organization has many complex and interdependent activities. In addition, matrix structures facilitate the efficient allocation of specialists.