Strategic Management MCQ

Test your knowledge with important Strategic Management MCQ and their applications. These MCQs are beneficial for competitive exams too. Explore 30 + more Strategic Management MCQs at Bissoy

• Under Resource Based View (RBV), resources are classified into how many types?
  ক

  Three

  খ

  Four

  গ

  Two

  ঘ

  Seven
• Mergers and acquisitions, strategic alliances and joint Ventures fall under expansion through . . . . . . . .
  ক

  concentration

  খ

  diversification

  গ

  cooperation

  ঘ

  internationalisation
• Which of the following is correct for environmental scanning?
  ক

  It involves studying, collecting and analysing the information from the business environment

  খ

  The internal and external environments are thoroughly studied in order to contemplate the information related to competitors, customers and consumers

  গ

  It helps to understand strengths and weaknesses

  ঘ

  All are correct
• Which of the following is a major competitive force according to Porter's model?
  ক

  Threat of substitute

  খ

  Bargaining power of suppliers

  গ

  Bargaining power of buyers

  ঘ

  All of the above
• Which among the following is not a generic strategy?
  ক

  Unity strategy

  খ

  Cost leadership strategy

  গ

  Differentiation strategy

  ঘ

  Niche strategy
• Howmany cells are there in GE matrix?
  ক

  Eight

  খ

  Nine

  গ

  Seven

  ঘ

  Ten
• Which of the following are hard areas in the McKinsey 7S Framework?
  ক

  Skills

  খ

  Strategy

  গ

  Staff

  ঘ

  Style
• Only diversified company with a balanced portfolio can use its strengths to truly capitalise on its growth opportunities. Hence, the balanced portfolio contains
  ক

  Stars whose high share and high growth assure the future

  খ

  cash cows that supply funds for their future growth

  গ

  question marks to be converted into stars with the added funds

  ঘ

  All of the above
• Match the items of List I with the items of List II and choose the correct answer. These items relate to BeG matrix.<br>
  ক

  <table class="table-style-1"> <tr> <td><strong>List-I (Names of the Quadrant)</strong></td> <td><strong>List-II (Action Required)</strong></td> </tr> <tr> <td>a. Dogs</td> <td>1. Have excess resources that can be spun off to those products that need it</td> </tr> <tr> <td>b. Question marks</td> <td>2. Require a heavy resource investment to fuel their rapid growth</td> </tr> <tr> <td>c. Cash cows</td> <td>3. Should be phased out unless they are needed to complement the sales of another product or for competitive reasons</td> </tr> <tr> <td>d. Starts</td> <td>4. Require significant resources to maintain and potentially increase their market share</td> </tr></table> a-3, b-1, c-4, d-2

  খ

  a-4, b-3, c-1, d-2

  গ

  a-3, b-4, c-1, d-2

  ঘ

  a-2, b-4, c-3, d-1
• Which of the following is not the feature of a highly competitive industry?
  ক

  Low barriers to the entry

  খ

  Weak supplier and buyer bargaining power

  গ

  Low competition

  ঘ

  Fewer substitutes of the existing products
• Which of the following involves consolidation of operational units to produce economies of scale and greater efficiencies?
  ক

  Expansion through concentration

  খ

  Expansion through diversification

  গ

  Expansion through integration

  ঘ

  Expansion through cooperation
• Which of the following strategies has to be done to prevent losses that a firm has to face?
  ক

  Turnaround strategy

  খ

  Divestment strategy

  গ

  Liquidation

  ঘ

  Conglomerate diversification
• How many categories are present in Ansoff Matrix?
  ক

  Three

  খ

  Four

  গ

  Seven

  ঘ

  Ten
• Which among the following are 5 Ps of strategy as identified by Mintzberg?<br>1. Plan<br>2. Problem<br>3. Pattern<br>4. Position<br>5. Ploy<br>6. Perspective
  ক

  1, 2, 3, 4, 5

  খ

  1, 2, 3, 4, 5

  গ

  1, 2, 3, 4, 5

  ঘ

  1, 2, 3, 4, 5
• Which of the following strategies main purpose is to increase profits?
  ক

  Turnaround strategy

  খ

  Divestment strategy

  গ

  Liquidation

  ঘ

  Conglomerate diversification
• Which of the following forms a component of internal analysis of SWOT analysis?
  ক

  Opportunity and Weakness

  খ

  Weakness and Threat

  গ

  Strength and Weakness

  ঘ

  Opportunity and Threat
• Statement I A 'Star' is the market leads, III a high growth market; and it has sufficient cash to support other businesses.<br>Statement II 'Dogs' have weak market share in high-growth market.
  ক

  Statement I is correct, but Statement II is incorrect

  খ

  Statement II is correct, but Statement I is incorrect

  গ

  Both statements are correct

  ঘ

  Both statements are incorrect
• Which of the following is a plan or blueprint that helps the organisation to achieve its long-term goals and mission?
  ক

  Objectives

  খ

  Plan

  গ

  Policy

  ঘ

  Strategy
• How many elements are there in the McKinsey Framework?
  ক

  7

  খ

  8

  গ

  9

  ঘ

  10
• Assertion (A) In an industrial structure, the acquisition of an existing firm in the industry might be a better move than starting up a new venture.<br>Reason (R) There is evidence that internal development might be preferable to acquisition because of differences between culture and shared valued.
  ক

  Both (A) and (R) are correct and (R) is the correct explanation of (A)

  খ

  Both (A) and (R) are correct, but (R) is not the correct explanation of (A)

  গ

  (A) is correct, but (R) is not correct

  ঘ

  (R) is correct, but (A) is not correct
• Which of the following involves division and distribution of people into teams and groups and aligning them with the available resources?
  ক

  Style

  খ

  Staff

  গ

  Structure

  ঘ

  System
• Which of the following statement is true?<br>Statement I Strategic intent focuses on the purpose of existence of the organisation in themarket.<br>Statement II Vision statement lays down the framework for the formulation of strategies and broad scope of the activities of the organisation.<br>Statement III Goals need to be precise, realistic and measurable that can be achieved in a specific time.
  ক

  Both I and III

  খ

  Both II and III

  গ

  Both I and II

  ঘ

  I, II and III
• Which of the component of PESTEL analysis include population growth, age distribution and health consciousness?
  ক

  Political

  খ

  Legal

  গ

  Social

  ঘ

  Technological
• . . . . . . . . are the informal rules of the organisation and includes the culture of the organisation.
  ক

  Style

  খ

  System

  গ

  Staff

  ঘ

  Skill
• Which of the following is not a step in strategy formulation?
  ক

  Establishing organisational objectives

  খ

  Evaluating organisational environment

  গ

  Setting quantitative targets

  ঘ

  Environmental scanning
• Which of the following basically chalks the roadmap of the future of an organisation?
  ক

  Objective

  খ

  Mission statement

  গ

  Vision statement

  ঘ

  Aims
• Which of the following are short-term decisions that are taken on a daily basis keeping in mind the needs and welfare of the employees?
  ক

  Administrative decisions

  খ

  Operational decisions

  গ

  Strategic decisions

  ঘ

  Policy decisions
• Who among the following gave value chain analysis?
  ক

  Sigmund Feud

  খ

  Michael Porter

  গ

  Philip Kottler

  ঘ

  Brian Adams
• Which of the following determines Competitive strength?
  ক

  Total market share

  খ

  Customer loyalty

  গ

  Management strength

  ঘ

  All of these
• Which of the following step involves translation or the practical application of chosen strategy into actions in order to achieve the objective and goals of organisation?
  ক

  Environmental Scanning

  খ

  Strategy Formulation

  গ

  Strategy Evaluation

  ঘ

  Strategy Implementation