Critical success factor, Correct answer: 2. You can download the file in 45 seconds. Which of these does not explain the philosophy of organization ? The organisation delivers growth through its own business activity. Analyzing the external organization, 4. Which are the steps of a PEST analysis as proposed by MacIntosh and MacLean? ___________ is the strategy which includes Board of Directors and the Chief Executive officer, is responsible for the organization’s financial performance and other non-financial goalsa. Organizing, C. For instance, if you are willing to enter into the business world then you must make it a point that you must be aware of the basic concept of strategic management. Ekvijprovides online MCQ Tests For CA,CMA and CS examinations. Chapter 2: Business Policy and Strategic Management  –  Click Here Strategic Management Question and Answer b ADVERTISEMENTS: 2. Which is not the principal aspect in implementation of strategy ? The strategic management process involves monitoring, analyzing and planning the movies and steps required for the success of a corporation. The way(s) in which firms deploy resources. Mission statement, A. Appropriateness, achievability, astuteness, sustainability. Mission, D. From the following activity which does not comes under the primary activities of value Chain analysis: Which of the following can be identified as a best statement that represents a firms big picture statements, describing a desired end state, general in scope and not restrictive? Which of the following is NOT an aspect of MacIntosh and MacLean's (2015) diagnosis framework? The earliest written account of strategy is usually attributed to? The fundamental purpose of an organization’s mission statement is to a. create a good human relations climate in the … The competition within each strategic group is: more intense than is the competition between strategic groups, The link between individual and organisational capability is not well understood. A comprehensive database of more than 20 strategic management quizzes online, test your knowledge with strategic management quiz questions. Similarly, you can find the answers also for the given MCQ and hope you found it to be useful. _______________ is a group of firms within the industry following a same or similar strategy. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. Save my name, email, and website in this browser for the next time I comment. Which of the following does not include the characteristics of Strategic Management?a. Chapter 5: Formulation of Functional Strategy   – Click Here Reactiveb. As plausible courses of action, which could deliver the particular combination of ends, means and conditions articulated in the strategy. Chapter 4: Strategic Planning   – Click Here Which is not the reason for having mission statement in organization ? These Strategic Management Multiple Choice Questions can be used for quizzes, internal exams, entrance exams, skill tests or aptitude tests. Trying to read the implications of longer-term changes in the broad business enviroment. Stable, To conclude, I believe all the above given Multiple choice questions are interesting and easy. Which of the following is NOT one of the four competitive stances available to an organization? When evaluating the external environment which of the following strategic tools is a helpful starting point? b. a decision-making activity concerned with a firm’s internal resources, capabilities, and competencies, independent of the conditions in its external environment. However, Strategic Intent is one such topic which deals with Vision, Mission, Goals, Objectives, Plans etc. Which of the following doesn’t describe Corporate Strategy a. what business or businesses should we be inb. Interesting MCQ’s on Basic Strategic Management, MCQ on Sale of Goods Act 1930- Legal Aspects of Business, Case Study on Entrepreneurship and opportunity, MCQ on Strategic Human Resource Management (SHRM) with Answers, Interesting MCQ’s on Strategic Management with Answers, MCQ’s on Succession Planning with Answers, MCQ’s on Contract of Agency in Business Law, MCQ’s on One Person Company as per Companies Act 2015. Which of these explain the reason for existence of firm & identify what business company undertakes? Which of these point out a particular direction, charts a strategic path to followed in future ? How does the parent company add value to its subsidiariesc. Here we have given Strategic Management MCQ with Answers. Chapter 4: Strategic Planning (Full Chapter) – Click Here customer market- technology focus constitute ________ for company. Functionald. Leading, D. jump to strategic management (old syllabus) icai material mcqs by faculties strategic management (new syllabus) icai material mcqs by faculties mcqs by sumit ADVERTISEMENTS: Some frequently asked exam questions on strategic management are as follows: Q.1. Leadershipc. Strategic Management Question and Answer Key performances indicator. Chapter 2: Business Policy and Strategic Management (Full Chapter)   –  Click Here Which of the following is one of the four competitive stances available to an organization? Which of the following is NOT a framework for analysing the corporate portfolio? Corporate Level and Business Levelb. Wide-span of managementc. All Rights Reserved © MCQ Scholarships 2020. Ans. Profitb. The end goal of using a PEST analysis technique should be to: Identify trends in the macro-environment and identify implied strategic moves. Marketing and sales, D. Required fields are marked *. This website uses cookies to improve your experience while you navigate through the website. Which of these provides the basis for major decision of the firm & also said the organizational performance to be realized at each level ? What should be considered before setting long-term objectives? Best tool to identify corporate growth opportunities: Best tool to analyze the competitiveness of company: Government’s concern on obesity will more likely impact which one of the following industry: As a manager you are asked to analyze the firm on the environmental, political and technological basis which of the following tools will employ: The study which involves advantages and disadvantages of a business with respect to others: Bargaining power of suppliers and customers is studied in: Low carbons emissions policy by governments can directly impact which one of the following: Correct answer: 1. The fundamental purpose of an organization’s mission statement is to a. create a good human relations climate in the … objectives of specific operations, A. Cash cows are SBU's that typically generate: Which is the key characteristic of an organic growth strategy? Which of the following does NOT appear in MacIntosh and MacLean's (2015) list of generic strengths? All of the above, 5. Strategic management is one of the fundamental requirements for an organization to meet its objectives. Direct Managementb. Which method(s) is/are identified by MacIntosh and MacLean (2015) as a way for a firm to execute its strategy? Management provides you all type of quantitative and competitive aptitude mcq questions with easy and logical explanations. Which of the following is not an aspect of MacIntosh and MacLean's diagnosis framework? Our online strategic management trivia quizzes can be adapted to suit your requirements for taking some of the top strategic management … 1-10-216/A/14, Begumpet,Hyderabad Download Strategic Management Notes PDF for MBA 2020. Sorry, your blog cannot share posts by email. The fundamental purpose for the existence of any organization is described by its a. policies ADVERTISEMENTS: b. mission c. procedures d. strategy Ans. The process of strategic management is a/an ___________ one that changes as the organizational goals and objectives evolvea.