Strategic management MCQ questions

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Strategic management MCQ questions

Question 121 [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of the following is not a strategic criteria for deciding which firms to retain in the organizational core?
A
The company?s mission
B
Longevity
C
Financial performance over time
D
Relatedness of technologies
Question 121 Explanation: 

This would not necessarily be strategic to a firm with $800 million in annual sales, unless the alliance also served an alternate purpose that met one of the five strategic criteria. For example, if the achievement of a core business objective, such as access to a new market, were enabled by the investment, then it would be strategic to the firm.

The Five Factors of a Strategic Alliance

The Challenge of Analyzing the Internal Organization . Strategic decisions Are non-routine Have ethical implications Significantly influence the firm's ability to earn above-average returns. Strategic leaders make effective decisions regarding the firm's resources, capabilities, and core competencies and decide on their use

PPTX Strategic Management- Chapter Three

Question 122 [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
..... is the collection of managerial decisions and actions that determine the long-run performance of an organization
A
planning
B
goal-oriented management
C
strategic management
D
leadership
Question 122 Explanation: 

Strategic management is the set of managerial decision and action that determines the long-run performance of a corporation. Strategic management has now evolved to the point that it is primary value is to help the organization operate successfully in dynamic, complex environment.

STRATEGIC MANAGEMENT | Gagnon Strategix

Question 123 [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Business unit competencies should be distinctive enough to provide a(n):
A
clear understanding of who you want to lead the company
B
competitive advantage
C
opportunity to compete on a productivity basis
D
additional strategic mission
Question 123 Explanation: 

As the knowledge, skills, and abilities of the firm change (and the available resources vary) the core competencies of the firm may evolve or change. A business strategy must evolve along with the companies core competencies to establish or maintain a competitive advantage over competitors.

What is Core Business Competency - The Business Professor

Core Competence for Sustainable Competitive Advantage: A Structured Methodology for Identifying Core Competence Khalid Hafeez, YanBing Zhang, and Naila Malak Abstract—Core competencies are the crown jewels of a company and, therefore, should be carefully nurtured and developed.

Essay about Core Competence for Sustainable Competitive Advantage

Question 124 [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Job titles that refer to strategists include which of the following?
A
External audit
B
Owner, entrepreneur, executive director, and accountant
C
Chief executive officer, salesman, dean, and lawyer
D
Owner, dean, president, and executive director
Question 124 Explanation: 

Benefits of the President/CEO vs. Executive Director Title: Is It Time to Change Your Title? Over the last hundred years, senior managers of nonprofits typically have held the title of "executive director." During the past thirty years, many nonprofits have changed the title to "president/CEO," following a common business practice.

Executive Director vs. President/CEO Title | CharityChannel

Business titles or corporate titles are the titles that are given to officials working in organizations to mark their duties, responsibilities and level of work. Such business titles are not only used in private companies but also publicly held profit organizations.

Business Titles and Management Hierarchy chart and structure

Question 125 [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of these is not an issue in selecting a business as a divestment candidate?
A
Current market position
B
Product life-cycle
C
Alternate uses for resources
D
The size of the business
Question 125 Explanation: 

Issue One, along with other watchdog groups and individuals, signed onto the following letter calling on President-elect Donald Trump to address the unprecedented and overwhelming conflicts of interest his business interests represent as he assumes the Oval Office. The letter is below: Dear President-Elect Trump,

Issue One - President-elect Trump must divest himself of all

The Role of Divestitures in Profitable Growth. Strategy is as much about what you do not do as it is about what you do, says Harvard's Michael Porter in his classic Harvard Business Review article, "What is Strategy?" "Leading companies view divestments as a fundamental part of their capital strategy" concluded Big 4 accounting firm EY in its Global Corporate Divestment Study 2015.

WHAT TO DO WHEN LESS IS MORE: Planning and Managing a

Examples of successful sales abound. Take, for example, WNS, the support services unit of British Airways. WNS was a wholly owned subsidiary of BA until April 2002, when the airline sold 70 percent of its shares to the private-equity firm Warburg Pincus.

When to divest support services | McKinsey

One key issue to be considered is the degree to which the economics of the business to be divested Planned Divestment-A Five-step Approach 21 are related to other group businesses. Freeing a business from a group may reduce its overhead costs but can also have a range of other cost impacts.

Planned divestment—A five-step approach - ScienceDirect

There are 125 questions to complete.

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