Strategic Mangement

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1. A plan of action designed to achieve a particular goal is: a. Tactic b. Strategy c. Financial benefits d. None of the above 2. It is important to develop mission statement for: a. Allocating organizational resources b. Provide useful criteria c. Company creed d. Customer orientation 3. The five forces model was developed by : a. Airbus b. Karin Larsson c. Michael E.Porter d. Boeing 4. How many elements are involve in developing in an organizational strategy: a. Six b. Two c. Four d. Nine 5. The three important steps in SWOT analysis are: a. Identification, Conclusion, Translation b. Opportunities, Threats, Strengths c. People, Corporate cultures, Labour d. Power, Role, Task 6. GE matrix consists of how many cells? a. Nine cells b. Six cells c. Eight cells d. Three cells 7. Which of these is the type of Games: a. Simultaneous Games b. Sequential Games c. Repeated Games d. All of the above 8. SBU stands fora. Simple Basic Unit b. Strategic Basic Unit c. Strategic Business Unit d. Speed Business Unit 9. The BCG matrix is known as: a. Growth share matrix b. Directional policy matrix c. GE nine-cell matrix d. Space matrix 10. ______________ specifies sales revenues and selling distribution and marketing costs. a. Financial budget b. Sales budget c. Operating budget d. Expenses budget Part Two: 1. What are the dimensions of Strategic management? 2. Critically analyze the concept of BCG Matrix. 3. What is SWOT analysis? 4. What are the characteristics of Short-term Objectives? 1. Do you think that IKEA has been successful to utilize Porter’s Five force analysis? Give reasons. 2. Where do you think can IKEA improve? Q1. Do you think the progress of ITC Ltd. is realistic? Q2. After analyzing the above case, do you think every company should aim at cost leadership with high quality product? 1. What are the basic principles of Organizational structure? What are the types of…...

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