Strategic Management MCQ Questions and Solutions with Explanations | Management

A. a set of activities that is guaranteed to prevent organizational failure

B. a process concerned with a firms resources, capabilities, and competencies, but not the conditions in its external environment

C. a set of activities that to date have not been used successfully in the not-for-profit sector

D. a dynamic process involving the full set of commitments, decisions, and actions related to the firm

A. Competent

B. Committed

C. Cost-effective

D. Capable

A. Employees are more productive when they are better informed

B. Employees are more productive if they are committed to the organization

C. Employees are resources to be used effectively in the search for competitive advantage

D. Employees have to be trusted to make correct decisions

A. is a statement of a firms unique purpose and scope of operations

B. is an internally-focused affirmation of the organization's societal and ethical goals

C. does not limit the firm by specifying the industry in which the firm intends to compete

D. is developed by a firm before the firm develops its strategic intent

A. Managers are responsible for employees

B. Teams provide increased productivity

C. Managers are responsible for deploying employees

D. Scientific management principles and systems should be used to deal with employees

A. Strategic Business Unit structure

B. Matrix structure

C. Divisional structure

D. None of given option

A. Analytic

B. Reflective

C. Competent

D. Co-operative

A. in the SEC report

B. in annual reports

C. on customer receipts

D. on supplier invoices

A. Strategic

B. Vision

C. Objectives

D. Mission

A. Superiority, Measurement, Appropriability, Replicability, Transparency

B. Specific, Measurable, Achievable, Realistic, Timescale

C. Substitutability, Measurement, Appropriability, Replicability, Transparency

D. Specific, Measurable, Achievable, Realistic, Timely