Identify who said “Management is doing things right; leadership is doing the right things'.

Management is efficiency in clim

Identify which of the following is NOT the area where Functional policies provide guidelines to operating managers
Identify the strategy when a firm sets up a business unit as a separate business through a distribution of stock or a cash deal
Infer the term used to describe the situation when a business fails financially the court will liquidate its assets and the proc
Identify the level of strategy represents the pattern of entrepreneurial actions
Identify the term with which Strategy has often been used as a synonym mistakenly
Identify the term which involves a "hit and run" attack on a competitor, with small, intermittent assaults on different market
Choose from the techniques mentioned Which is not used in environmental appraisal
Choose from the following the source of a competitive advantage
Identify what will A company with a competitive advantage earn?
Choose the term used to situation when a surplus supply of goods in the market may be created, if the demand does not mov
Choose from the options What does Market development strategy focuse on?
Infer at which level decision making authority is kept when organization is centralized
Choose Hierarchy of authority is related to which of the following
Choose the structure that organizations most commonly adopt to solve the control problems that result from producing man
Choose which building blocks of competitive advantage can help to raise the level of innovation in an organization.
Choose which among the following which one is not a requirement for performance standards?
Choose from the following, which one is a tool to measure performance?
Identify the type of strategy when two or more companies unite to pursue a set agreed upon goals but remain independent it
Infer what is at the top in the hierarchy of strategic intent.
Infer the term for Internal attributes that are impediments to the organization while achieving its objective
Select the term used for external factors that are impediments to the organization to achieving its objective
Choose Which of the following method is adopted to increase employees participation through encouragement
As the production volume increases, individual components may also become viable to be produced in different profit cente
 _______ Strategy is not the sum total of business strategies of the corporation but it deals with different subject matters.
Strategy is traditionally meant to be a _______________ made in the light of what it was believed an adversary might or m
The term strategy is derived from
Which one is the last stage of Strategic Management Process
Which of the following is not an element of Strategy
This level of strategy represents the pattern of entrepreneurial actions
A strategy should drive a law firm to a new level of competitiveness and result in a new market position and a higher profi
The process of strategy is not cyclical in nature.
Organizational objectives are defined as ends which the organization seeks to achieve by its existence and operation.
Environmental analysis provides time to anticipate the opportunities and plan to meet the challenges.
The word “strategy” is derived from the Greek word __________
A ____________ is a desired future state or objective that an organization tries to achieve
Strategy has often been used as a synonym of
Strategy may operate at different levels of an organization -corporate level, business level, and
Just-In-Time (JIT) is a process as well as part of strategy called minimum inventory strategy by .
Strategy helps an organization to take decisions on long range forecasts.
There are three aspects involved in environmental analysis:
 When all the three strategies are taken together, this is known as combination strategy
 It is done to minimize the risk by spreading over several businesses
When two or more companies unite to pursue a set agreed upon goals but remain independent it is known as
When the company is sick and continuously making losses, it goes for
____________is the last step of the strategy making process. 
According to Glueck, there are basically __________ grand strategic alternatives
Strategy deals with Routine operations.
Mission statement is the statement of the role by which an organization intends to serve its stakeholders.
Strategy is created to take into account the probable behavior of customers and
Every organization operates within an environment which may be
 In ___________ technology is used as the strategic tool to increase production and productivity or reduce cost
___________ is referred to the disposing off a part of the business.
According to Kotler," Vision is description of something in the___________
______ Values are the essential and enduring tenets of an organization.
What are the need of Mission
The features of vision does not include
In formulating the vision which step is use before choose the final vision
Corporate objectives, departmental objectives, sectional objectives, and individual objectives art the part of which feature
Using a "hit and run" attack on a competitor, with small, intermittent assaults on different market segments.
A mission statement should be ambiguous
Sustainable differentiation usually comes from advantages in core competencies, unique company resources or capabilitie
No Change alternative could not be a cop-out, representing indecision or timidity in making a choice for change
It is at the top in the hierarchy of strategic intent.
___________ is the reason for existence of the organization
__________ objective may be described in terms of absenteeism, turnover, number of grievances, strikes and lockouts etc
____________ relates to cash flow, debt equity ratio, working capital, new issues, stock exchange operations, collection pe
The key component of any strategy statement is to set the long-term objectives of the organization
Performance analysis includes discovering and analyzing the gap between the planned or desired performance
Going head-to-head with the competitor, matching each other in every way.
Attacking a part of the market where the competitor is weak. 
A second market niche strategy, concentrating on a narrow customer segment and competing through differentiating feat
Appealing to a broad cross-section of the market by providing products or services at the lowest price
The process of strategy formulation basically involves 5 main steps
The values of the top management influence the choice of objectives
Mission is external reasoning and relates to _______________.
Purpose is internal reasoning and relates to ________________.
It provides a yardstick, making possible a measurement of the progress of the organization relative to an external standard
They are the beliefs of top management regarding employee's welfare, costumer's interest and shareholder's wealth.
A well conceived vision must have Core Ideology and
Encirclement is a defensive tactic
_____________ is a defensive tactic.
A SWOT analysis provides an overview of a ___________
________has a serious impact on the economic environment of a country.
There are various techniques to be used in environmental appraisal, which are they from following
Michael provides which framework model for strategic revolution
In the aspect of factor affecting internal analysis, which should be marketing oriented out of the following
Which factor from PESTEL factors can affect how company operates, its costs and the demand for its products.
What does S in PESTLE analysis stands for
Strategic analysis is basically concerned with the structuring of the relationship between a business and its environment.
The internal factors may include macroeconomic matters, technological change, and legislation.
Environmental scanning is the monitoring, evaluating, and disseminating of information from the external and internal env
____________ are the Internal attributes those are helpful to the organization to achieving its objective.
Internal attributes that are harmful to the organization to achieving its objective
External factors that are harmful to the organization to achieving its objective
Which of the following is not an external force?
Super ordinate Goals are the fundamental ideas around which a business is built
The Mc Kinsey framework gives a number of factors and their likely influences.
__________data collection approach are articles, textbooks, magazines and ready-made information.etc
_______________ is a process of gathering, analyzing, and dispensing information for tactical or strategic purposes.  
__________ is the characterization of how key managers behave in order to achieve the unit's goals
These are the procedures and routine processes, including how information moves around the unit
Characteristics such as population, age distribution, literacy levels, inter-state migration, etc fall under
Social attitudes, values, customs, beliefs, rituals and practices are demographic forces
A SWOT analysis can be carried out for a product, place or person
There are three modes by which organizations scan their environment
Short term, infrequent examinations usually initiated by a crisis.
Which of the following is not under Mc Kinsey's 7s framework?
Inflation rates, unemployment rates and trends in the gross national product, government policies are under 
The environmental scanning process entails obtaining both factual and _____________ information on the business enviro
Continuous scanning is also called ________________
Regular scanning is done once ___________.
 _______ refers to the assets of a company.
_____________ advantage leads to superior profitability.
Research and development is concerned with the design of
The source of a competitive advantage is
A company with a competitive advantage will earn?
What refers to the act of creating new products or processes?
A product can be thought of as a bundle of ?
The support activities of the value chain provide inputs that allow the primary activities to take place.
Competitive Advantage refers to a company's skills at coordinating its resources and putting them to productive use.
Internal analysis is concerned with identifying the strengths and weaknesses of a company.
Competitive advantage is based on __________ .
 A company's resources can be divided into two types: _________________ .. 
__________ is something that customers get from a product.
Select from the following which is not a part of the micro environment of the business
Identify from the following which is not a part of macro environment of the business.
Select from the following questions a vision statement provides an answer
Identify the correct phrase for the description "A possible and desirable future state of an organization "
Choose the three organizational levels for which organizations develop strategy
Choose from the following which is NOT included in the Porter’s Five Forces model
Identify from the following Porter's generic strategis
Explain in context of Porter's generic strategies model what does a focus strategy involve?
Identify the type of effective control system associated with the characteristics 'The cost of implementing a control system
Identify The structure that organizations most commonly adopt to solve the control problems that result from producing ma
 Option 1 Option 2
Moslow Drucker and Dennis
In implementation In decision making
Divestment Spin-Off
Liquidation Divestment
Corporate level strategy Business level strategy
Procedure Policy
Bypass Attack Encirclement
E T O P analysis SWOT analysis
Strategic Intent Strategy Formulation
Superior profits Higher-than-average profits.
Cost in Sellers' Market Cost in Buyers' Markets
Current products and new markets Current products and current markets
Low level Managerial level
Division of labor Structure
Product structure Market structure
Control and quality Control and innovation.
Objectives Measurable
Rector scaling Balance memory card
Licensing Amalgamation
Vision Mission
Strengths Weaknesses
Strengths Weaknesses
Management by objectives Participative management
Increased Specialization Value Engineering and Fine Tuning
Functional  Corporate
Long-term goals System
Greek word Latin word
Strategic Intent Strategy Formulation
Goals Direction
Corporate level strategy Business level strategy
Inspirational Aspiration
1 0
1 0
1 0
Static Strata
Goal Objectives
Procedure Policy
Functional level Departmental level
KFC Walmart
1 0
1 0
1 0
Integration Diversification
Licensing Amalgamation
Turnaround strategy Strategic Alliances
Strategic Intent Strategy Formulation
Four Three
1 0
1 0
 New Entrants Suppliers
Internal or external. Micro or macro
Standardisation Modernisation
Takeover Turnaround strategy
Past Present
 Core Code
Encouraging teamwork Finding scope of effort
Motivator Objective
Develop future scenarios Generate alternative visions
Flexibility of objectives Hierarchy of objectives
Bypass Attack Encirclement
1 0
1 0
1 0
Vision Mission
Vision Objectives
Financial Resource
Operational objective
1 0
1 0
Encirclement By pass attack
Flanking Maneuver Encirclement
Price Focus Differentiation Focus
Price Focus Differentiation Focus
1 0
1 0
Micro Environment Internal Environment
Micro Environment Internal Environment
Enduring core purpose Mission statement
Philosophy Core Purpose
Societal objective Wealth maximisation objective
1 0
Encirclement Increase expected retaliation
Firm's situation Firm's result
Economic Political
E T O P analysis SWOT analysis
Five force model QUEST model
Trend of result Skills and Technology
Technological factors Legal factors
Society Security
1 0
1 0
1 0
Strengths Weaknesses
Strengths Weaknesses
Strengths Weaknesses
Political Technological
1 0
1 0
Secondary Primary
 Field Study Environmental study
Style Staff
Style Staff
Economic Demographic
1 0
1 0
1 0
Continuous Scanning Regular Scanning
Society Staff
Technological factors Legal factors
Subjective Quantitative
Continuous adaptive Continous Studying
Every month A year
Furnitures Resources
Long-term goals System
Products and production processes Finding facts and figures
Strategic Intent Strategy Formulation
Superior profits Higher-than-average profits.
Innovation Invention
Inspiration Attributes
1 0
1 0
1 0
Human resources Financial resources
Tangible and intangible resources Financial and Human
Satisfaction Fulfilment
Technology Shareholders
Laws & Policies Demographics
What is our business? Who are our employees?
Vision Mission
corporate level, business level, functioncorporate level, business unit level, functional level
Potential development of substitute pro Bargaining power of suppliers
Low price, differentiation, focus Cost leadership, differentiation, cost focus, focus differentiation
Selling a limited range of products Selling to a narrow customer segment
Organizational Realistic Economically Realistic
Product structure Market structure
 Option 3
Jennings
Co-ordination
Downsizing
Bankruptcy
Functional level strategy
Vision
Guerrilla Warfare
PEST analysis
USP
Average profits
Cost in buyer seller markets
New products and current markets
Top level
Personnel ratios
Geographic structure
Control and responsiveness to customers.
Simple
Balance score card
Joint Venture
Goals
Opportunities
Opportunities
Inviting them for innovations
Innovation in Production Methods
Business-level
Grand Plan
French Word
Strategy Implementation
Scope
Functional level strategy
Sustainable

Stratus
Vision
Vision
Senior Level
Toyota

Retrenchment
Joint Venture
Amalgamation
Evaluation and Control
Five
 Competitors
Strength or weaknesses
Efficient
Disinvestment
Future
Coefficient 
Improving morale
Mental exercise
Target vision
Network of objectives
Guerrilla Warfare

Goals
Core Purpose
Human Resource
Routine operations

Guerrilla Warfare
Frontal Assault
Best cost provider strategy
Best cost provider strategy

External environment
External environment
Vision statement
Core Values
Profit making objective

Guerrilla Warfare
Firm's motive
Social
PEST analysis
PESTEL model
Sources of Profit
Social factor
Social

Opportunities
Opportunities
Opportunities
Research

Field survey
 Research
Skills
System
Social

Adhoc- Scanning
System
Economic
Research based
Continuous monitoring
Quarterly
Competitors
Competitive
uUnderstanding consumer behaviour
USP
Average profits
Discovery
Good things

Distinctive competencies
Internal and External
Benefit
Competitors
Suppliers
Why do we exist?
Goal
corporate strategy level, business unit level, functional level
Rivalry among stockholders
Price leadership, differentiation, focus
Selling to one region only
Focused on Strategic Control Points.
Geographic structure
 Option 4 Answers
Warren Buffet 2
Strategy formulation 4
Diversification 2
Saturation 1
Tactical level strategy 1
Tactics 2
Flanking Maneuver  3
EOQ Analysis 4
superior value 4
Marginal profits 2
Cost in money market 2
New products and new markets 1
Personal level 3
Span of Control 4
None of the above 1
Control and efficiency. 2
Realistic 3
Kan ban cards 3
Strategic alliance 4
Procedures 1
Threats 2
Threats 4
An incentive based process 4
Methods and System Rationalization 1
None of the Above. 2
Major course of action 3
Spanish Word 1
Strategic evaluation and control 4
Logic 2
None of the above 1
Achievable 2
2
1
1
Strategos 4
Mission 1
Tactics 2
Operational Level 1
Apple 3
1
2
1
Expansion 2
Strategic alliance 4
Takeover 1
Strategy Implementation 3
Seven 1
2
1
 None of the above 3
Upward or downward 1
Latest 2
Merger 3
All of the above 3
None of the above 1
All of the above 4
Flexibility 1
Target vision 2
Measure of objectives 3
Flanking Maneuver  3
2
1
2
Procedures 1
Mission 3
Marketing 2
Financial Objective 3
1
1
Frontal Assault 4
Guerrilla Warfare 1
Overall Cost Leadership 2
Overall Cost Leadership 4
2
1
Social Environment 3
Social Environment 2
Strategic intent 1
Ethics 3
Envisioned future 4
2
Frontal Assault 2
Firm's demand 1
Technology 2
All of the Above 4
SWOT model 1
All of the above 3
Political factor 2
Secular 3
1
2
1
Threats 1
Threats 2
Threats 4
Social 3
1
2
Internet 1
 Environmental Scanning 4
System 1
Skills 3
Legal 2
2
1
1
Frequent Scanning 3
Strategy Implementation 1
Political factor 3
None of the above 1
Continuous learning 4
Half yearly 2
None of the Above. 2
Major course of action 3
Environmental analysis 1
superior value 4
Marginal profits 2
Research 1
Features 2
1
2
1
Material resources 3
Core and Generic 1
Utility 4
Public 1
Social Values 3
What do we want to become? 4
Strategy 1
corporate strategy level, business level, specialist level 1
Rivalry among competing firms 3
Low cost, differentiation, focus differentiation 2
Selling simple products that are cheap to produce 2
Coordinated with the Organization's Work Flow. 2
Political structure 1