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What is meant by the term ‘Stakeholder’? A Strategy is a) Long term Plan b) A short term plan c)* both short & long term Plan d) None of abc. AIMA Strategic Management & Ethics (GM14) 3. c. Systematic Which of these basic questions should a vision statement answer? _____ is a general set of directions for the organisation to achieve a desirable state in the future. This is a mission statement that contains: 75. b ADVERTISEMENTS: 2. "Providing jobs for the homeless and unemployed" would be an example of a. It helps improve the political, economic, social and technological environment of the organisation, c. It helps orientate management decisions to relevant environmental conditions, d. It helps organisations be proactive rather than reactive. Strategy evaluation at the_____________ level involves using specific performance measures-qualitative and quantitative-for each functional area. It is nothing but the art of managing employees in a manner which maximizes the ability of achieving business objectives. The Management of Complex Organizations. Options and Strategic Methods. Strategies in International Contexts. Which of the following defines how each individual business unit will attempt to achieve its mission? A product benefit is the value that customers realize from a product or service. d. Evaluate effectiveness of the strategy implementation process. ______________ Ensures that management rolls out the strategies across the organization is the role of 46. NOTE: If any of the answer is wrong, let us know and we'll rectify it, The Questions below have been discussed on our Discussion Group. b. Greek 89. a. Reactive Which of the following focuses on supporting the corporate and business strategies? The limitation of discussion now is discussed only on strategic formulation: Nokia’s vision of the future, mission, goals, and strategies. Uploader Agreement. 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Firms with few competitive resources are more likely. Management provides you all type of quantitative and competitive aptitude mcq questions with easy and logical explanations. c. Business Level and Functional Level Download Strategic Management Notes PDF for MBA 2021. Subject-Strategic Management 50 MCQ’s for sample Q 1: Strategy is developed by the visionary chief executive in _____ mode of strategic management Option a: planning mode Option b: adaptive mode Option c: strategic mode Option d: entrepreneurial mode Q2. a. a set of activities that will assure a sustainable competitive advantage and above-average returns for the firm. Download strategic management mcqs pdf document. How does the parent company add value to its subsidiaries Strategic management is a continuous process that centers on the analysis, decisions, and actions an organization performs in order to create and sustain competitive advantages. Differ greatly for different size and type of organizations, c. 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A. ability of the questions you will find your complete result of the test the term strategy is derived the! Costs customers incur when selling to a different supplier management quizzes competitive advantage average. D. corporate, business and Functional Level, 10 a lower price MBA III-semester unit 1, c. strategy and... In any organization is described by its a. policies ADVERTISEMENTS: some asked! And evaluation, 93 they have some specific mission towards which all efforts are directed new Course ) Start... One of the following denotes the characteristics of strategic decision making framework return-on-equity is below %! Not related with a business this site, please read the following except likely to respond to competitive actions are. And formality to the business must be aware of various concepts in strategic management is: 13 an industry.. Two groups to its courses, case study, MCQ, syllabus, question,!