Strategic Management MCQ Questions and Solutions with Explanations | Management

A. Strategic weaknesses and underachievement

B. Fragmented performance through strategic and structural flaws

C. Structural and stylistic flaws

D. Effectiveness but little efficiency

A. Greater control

B. Reduction of weak business to develop a strong core

C. Competence consolidation

D. Cost reduction

A. The company's mission

B. Longevity

C. Financial performance over time

D. Relatedness of technologies

A. Acquiring unrelated businesses

B. Intervening in business processes

C. Hoarding new businesses

D. Value optimization

A. Opportunities for synergy

B. Past allocations and budgets

C. Look to share activities

D. Assess desirability of outcomes to organizational strategy

A. Concerned with allocation of resources and investment

B. A strategic plan outlining means to utilize budget, make sales, and generate profits

C. Numerical or financial expression of money to be spent by departments and for what purpose

D. Information on cash-flow

A. Procedures

B. Budgets

C. Policies

D. Plans

A. Change, planning, learning

B. Content, change, planning

C. Content, change, learning

D. Learning, planning, content

A. Providing excellent quality which is recognized by customers

B. Developing and introducing new processes for cost savings and speedier decision-making

C. Manage 'green' issues to avoid crises or create competitive advantage

D. Avoid business failures by becoming and staying crisis averse

A. Efficiency and effectiveness

B. Strategic competency and congruence

C. Strategic competency and strategy creation

D. Corporate strategy and synergy