Strategic Management MCQ Questions and Solutions with Explanations

81.
Which of these statements best describes all the benefits a company can derive from analyzing its financial performance?

A. It can make comparisons with competitors, reveal lost profit and growth potential, emphasize possible dangers and enable a study of trends and progress

B. It can make comparisons with competitors, reveal lost profit and growth potential and isolate neglected market sectors

C. It can reveal lost profit and growth potential, emphasize possible dangers and isolate neglected market segments

D. It can make comparisons with competitors, reveal lost profit and growth potential and reveal possible trends in the development of the company's share price

Answer & Solution Discuss in Board Save for Later

82.
According to Schein (1985), what are the levels that make up a company's culture?

A. Artifacts, values, underlying assumptions, and behaviors

B. Artifacts, values, and underlying assumptions

C. Artifacts, communications, underlying assumptions, and behaviors

D. Values, communications, and underlying assumptions

Answer & Solution Discuss in Board Save for Later

Answer & Solution

Answer: Option A

Solution:

According to Schein (1985), Artifacts, values, underlying assumptions, and behaviors are the levels that make up a company's culture. The first level is the characteristics of the organization which can be easily viewed, heard and felt by individuals collectively known as artifacts. The dress code of the employees, office furniture, facilities, behavior of the employees, mission and vision of the organization all come under artifacts and go a long way in deciding the culture of the workplace. The next level according to Schein which constitute the organization culture is the values of the employees. The values of the individuals working in the organization play an important role in deciding the organization culture. The thought process and attitude of employees have deep impact on the culture of any particular organization. What people actually think matters a lot for the organization? The mindset of the individual associated with any particular organization influences the culture of the workplace. The third level is the assumed values of the employees which can’t be measured but do make a difference to the culture of the organization. There are certain beliefs and facts which stay hidden but do affect the culture of the organization. The inner aspects of human nature come under the third level of organization culture. Organizations where female workers dominate their male counterparts do not believe in late sittings as females are not very comfortable with such kind of culture. Male employees on the other hand would be more aggressive and would not have any problems with late sittings. The organizations follow certain practices which are not discussed often but understood on their own. Such rules form the third level of the organization culture.

83.
____________ refers to the strategies and counter strategies of a firm that compete in a shared market place

A. Retrenchment strategy

B. Competitive gaming

C. Business strategy

D. Corporate strategy

Answer & Solution Discuss in Board Save for Later

84.
____________ is also referred to as external strategic management audit

A. Organizational analysis

B. Environmental analysis

C. Industry analysis

D. None of the above

Answer & Solution Discuss in Board Save for Later

85.
In order for a culture to generate success, what does it need to be?

A. Stable and secure

B. Flexible and adaptive

C. Innovative and resourceful

D. Flexible and resourceful

Answer & Solution Discuss in Board Save for Later

86.
Which of the following would a market-driven business most likely be?

A. Competitive

B. Efficient

C. Flexible

D. Resourceful

Answer & Solution Discuss in Board Save for Later

87.
________ are external forces affecting organizations

A. Technological forces

B. Political forces

C. Economic forces

D. All of the above

Answer & Solution Discuss in Board Save for Later

88.
According to Sir Allen Shepherd what is the task of corporate leadership?

A. To apply energy and judgement to the corporate culture to ensure its relevance

B. To apply energy and judgement to the corporate culture to ensure its stability

C. To apply energy and judgement to the corporate culture to ensure its continuity

D. To apply energy and judgement to the corporate culture to ensure its productivity

Answer & Solution Discuss in Board Save for Later

89.
__________ is identifying opportunities and threats affecting their business

A. Organizational analysis

B. Environmental analysis

C. Industry analysis

D. Competitive analysis

Answer & Solution Discuss in Board Save for Later

90.
According to Press (1990), what are the four discrete philosophies upon which an organization's culture can be based?

A. The resource focus, the product focus, the shareholder focus and the people focus

B. The product focus, the shareholder focus, the people focus and the market focus

C. The resource focus, the shareholder focus, the people focus and the market focus

D. The shareholder focus, the people focus, the product focus and the market focus

Answer & Solution Discuss in Board Save for Later

Strategic Management MCQ Questions and Solutions with Explanations | Management

81. Which of these statements best describes all the benefits a company can derive from analyzing its financial performance?

Answer & Solution

82. According to Schein (1985), what are the levels that make up a company's culture?

Answer & Solution

83. ____________ refers to the strategies and counter strategies of a firm that compete in a shared market place

Answer & Solution

84. ____________ is also referred to as external strategic management audit

Answer & Solution

85. In order for a culture to generate success, what does it need to be?

Answer & Solution

86. Which of the following would a market-driven business most likely be?

Answer & Solution

87. ________ are external forces affecting organizations

Answer & Solution

88. According to Sir Allen Shepherd what is the task of corporate leadership?

Answer & Solution

89. __________ is identifying opportunities and threats affecting their business

Answer & Solution

90. According to Press (1990), what are the four discrete philosophies upon which an organization's culture can be based?

Answer & Solution

Read More Section(Strategic Management)

81.
Which of these statements best describes all the benefits a company can derive from analyzing its financial performance?

82.
According to Schein (1985), what are the levels that make up a company's culture?

83.
____________ refers to the strategies and counter strategies of a firm that compete in a shared market place

84.
____________ is also referred to as external strategic management audit

85.
In order for a culture to generate success, what does it need to be?

86.
Which of the following would a market-driven business most likely be?

87.
________ are external forces affecting organizations

88.
According to Sir Allen Shepherd what is the task of corporate leadership?

89.
__________ is identifying opportunities and threats affecting their business

90.
According to Press (1990), what are the four discrete philosophies upon which an organization's culture can be based?