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Strategic Management MCQ Questions and Solutions with Explanations | Management

Strategic Management MCQ Questions and answers with easy and logical explanations. Management provides you all type of quantitative and competitive aptitude mcq questions with easy and logical explanations. Strategic Management MCQ is important for exams like MAT, CAT, CA, CS, CMA, CPA, CFA, UPSC, Banking and other Management department exam. Page-1 section-2

Each section contains 100 MCQs on Strategic Management .
1
Which one of the following does not influence organizational learning?
Discuss
Answer & Solution
Answer: Option D
Solution:
Applying activity maps does not influence organizational learning. Organizational learning theory states that, in order to be competitive in a changing environment, organizations must change their goals and actions to reach those goals.
2
_______ are the organizations major value creating skills, capabilities and resources that determine the organizations competitive weapons
Discuss
Answer & Solution
Answer: Option C
Solution:
Core competencies are the organizations major value creating skills, capabilities and resources that determine the organizations competitive weapons. Core competencies are the resources and capabilities that comprise the strategic advantages of a business. A modern management theory argues that a business must define, cultivate, and exploit its core competencies in order to succeed against the competition.
3
Which one of the following is not a future pattern identified by Courtney et al. (1997)
Discuss
Answer & Solution
Answer: Option A
Solution:
A limited and definable number of discrete alternatives which can be evaluated and judged by strategic managers is not a future pattern identified by Courtney et al. (1997).
4
An example of a core competency of a firm is
Discuss
Answer & Solution
Answer: Option B
Solution:
An example of a core competency of a firm is communicating with customers in their own languages worldwide. Core competencies differentiate an organization from its competition and create a company's competitive advantage in the marketplace. Typically, a core competency refers to a company's set of skills or experience in some activity, rather than physical or financial assets.
5
The merging of analysis of internal and external factors influencing the organizations strategy is known as
Discuss
Answer & Solution
Answer: Option D
Solution:
The merging of analysis of internal and external factors influencing the organizations strategy is known as SWOT analysis. SWOT (strengths, weaknesses, opportunities, and threats) analysis is a framework used to evaluate a company's competitive position and to develop strategic planning. SWOT analysis assesses internal and external factors, as well as current and future potential.
6
Which of the following is not a purpose of strategic thinking?
Discuss
Answer & Solution
Answer: Option A
Solution:
To realize what needs to change is not a purpose of strategic thinking. Strategic thinking is a process that defines the manner in which people think about, assess, view, and create the future for themselves and others. Strategic thinking is an extremely effective and valuable tool. One can apply strategic thinking to arrive at decisions that can be related to your work or personal life.
7
Middle level managers typically are responsible for ___________ strategies
Discuss
Answer & Solution
Answer: Option A
Solution:
Middle level managers typically are responsible for business strategies. Middle management is at the center of a hierarchical organization, subordinate to the senior management but above the lowest levels of operational staff.
8
Which of the following is not an element of strategic thinking?
Discuss
Answer & Solution
Answer: Option D
Solution:
Strategic thinking has six key elements that include the ability to: anticipate, challenge, interpret, decide, align and learn. While each of these elements has received isolated attention, they become significant in entirely new ways when examined in the context of one comprehensive framework.
9
_________ strategy determines what businesses an organization should be in
Discuss
Answer & Solution
Answer: Option D
Solution:
Corporate strategy determines what businesses an organization should be in. Corporate strategy is hierarchically the highest strategic plan of the organization, which defines the corporate overall goals and directions and the way in which will be achieved within strategic management activities. It is a long-term, clearly defined vision of the direction of a company or organization.
10
Which of the following is not a recognized area of opportunity for developing synergy?
Discuss
Answer & Solution
Answer: Option B
Solution:
Processual is not a recognized area of opportunity for developing synergy. The definition of processual is using a process, a particular method.