Strategic Management MCQ Questions and Solutions with Explanations | Management

A. Weakness

B. Strength

C. Threat

D. Opportunities

A. Competitive and environmental pressures

B. Control at the expense of flexibility

C. Lack of planners

D. Competitive and environmental pressures, and excessive control

A. Strength

B. Threat

C. Opportunities

D. Weakness

A. 1991

B. 1990

C. 1992

D. 1995

A. Entrepreneurial vision

B. Planning

C. Innovation

D. Flexibility

A. Balanced score card

B. Industrial analysis

C. Core competencies

D. Critical success factors

A. Without a formal strategic plan a company cannot expect to compete effectively

B. Without a strategic plan an organization can drift without purpose or definition

C. Without it, companies would exist without cause or co-ordination

D. Because of slower economic growth, globalization and technological change

A. SWOT analysis

B. TOWS matrix

C. Ansoff's matrix

D. BCG matrix

A. This takes place in someone's head, and the decisions may not be written down in any extensive form It is often practiced by entrepreneurial managers with real flair

B. This requires managers to spend time discussing the future opportunities and threats and areas in which the organization might develop

C. This involves managers throughout the organization, and ensures that everyone involved in implementing plans will be consulted

D. This relates to decisions taken at the higher parts of the organization and passed onto other managers for implementation These managers will have had little or no input into the planning process

A. It belongs in all organizations

B. It is too expensive

C. It only belongs in large organizations

D. The benefits are too long term