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    MCQ Test (Module - 1)

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    mitalpt
    This document contains an 8 question multiple choice quiz on strategic management concepts. The questions cover topics such as the definition of strategic management, the purpose of an organization's mission, key factors for organizational success in the resource-based model, and the different phases of the strategic management process including formulation, implementation, and evaluation. The answers to each question are provided at the end.

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    MCQ Test (Module - 1)

    Uploaded by

    mitalpt
    17 views10 pages
    This document contains an 8 question multiple choice quiz on strategic management concepts. The questions cover topics such as the definition of strategic management, the purpose of an organization's mission, key factors for organizational success in the resource-based model, and the different phases of the strategic management process including formulation, implementation, and evaluation. The answers to each question are provided at the end.

    Original Description:

    MCQ test for strategic management.

    Original Title

    Module 1

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    This document contains an 8 question multiple choice quiz on strategic management concepts. The questions cover topics such as the definition of strategic management, the purpose of an organization's mission, key factors for organizational success in the resource-based model, and the different phases of the strategic management process including formulation, implementation, and evaluation. The answers to each question are provided at the end.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    17 views10 pages

    MCQ Test (Module - 1)

    Uploaded by

    mitalpt
    This document contains an 8 question multiple choice quiz on strategic management concepts. The questions cover topics such as the definition of strategic management, the purpose of an organization's mission, key factors for organizational success in the resource-based model, and the different phases of the strategic management process including formulation, implementation, and evaluation. The answers to each question are provided at the end.

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    You are on page 1of 10

    MCQ Test

    (Module -1)

    Q-1 The strategic management process is


    a. a set of activities that will assure a temporary
    advantage and average returns for the firm.
    b. adecision-makingactivity concerned with a
    firm's internal resources, capabilities,
    andcompetencies, independent of the
    conditions in its external environment.
    c. a process directed by top-management with
    input from other stakeholders that seeks to
    achieve above-average returns for investors
    through effective use of the organization's
    resources.
    d. the full set of commitments, decisions, and
    actions required for the firm to achieve aboveaverage returns and strategic competitiveness.

    Q-2 A firm's mission


    a. is a statement of a firm's business in which
    it intends to compete and the customers
    which it intends to serve.
    b. is an internally-focused affirmation of the
    organization's financial, social, and ethical
    goals.
    c. is mainly intended to emotionally inspire
    employees and other stakeholders.
    d. is developed by a firm before the firm
    develops its vision.

    Q-3 The goal of the organization's


    ____ is to capture the hearts and
    minds of employees, challenge
    them, and evoke their emotions
    and dreams.
    a. vision
    b. mission
    c. culture
    d. strategy

    Q-4 In the resource-based model,


    which of the following factors
    would be considered a key to
    organizational success?
    a. unique market niche
    b. weak competition
    c. economies of scale
    d. skilled employees

    Q-5What can be defined as the art and


    science of formulating, implementing
    and evaluating cross-functional
    decisions that enable an organization to
    achieve its objectives?
    a. Strategy formulation
    b. Strategy evaluation
    c. Strategy implementation
    d. Strategic management
    e. Strategic leading

    Q-6____________ is used to refer to


    strategic formulation,
    implementation and evaluation, with
    ______________ referring only to
    strategic formulation.
    a. Strategic planning; strategic management
    b. Strategic planning; strategic processing
    c. Strategic management; strategic planning
    d. Strategic management; strategic processing
    e. Strategic implementation; strategic focus

    Q-7 During what stage of strategic


    management are a firms specific
    internal
    strengths
    and
    weaknesses determined?
    a. Formulation
    b. Implementation
    c. Evaluation
    d. Feedback
    e. Goal-setting

    Q-8 Which phase of strategic


    management is called the action
    phase?
    a. Strategy formulation
    b. Strategy implementation
    c. Strategy evaluation
    d. Allocating resources
    e. Measuring performance

    Answers
    Q-1
    Q-2
    Q-3
    Q-4
    Q-5
    Q-6
    Q-7
    Q-8

    d
    a
    a
    d
    d
    c
    a
    b

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