1 All Sm

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Arvind Mills is the ___________ largest Denim Product To be successful and minimize risk, a company should have a portfolio of products with different growth rates and the strategic intent is conservative The PIMS model takes explicit account of future changes in the market for it new strategy …………. Was coined by arving management tenure of loans is a part of the study of The understanding of the complex interaction that takes place between different functional areas in an organisation is enabled by

Third different market shares

Under fit FALSE

Renovision

financial environment Strategic Management

General Motors overtook Ford in the 1930's because ford did not replace their goal after achieving their desired goal It is required by the managers of various departments, profit centers to measure performance, decide on control actions, formulate new decisions rules

TRUE

Management control information

The fortunes of the auto sector are strongly correlated to macro-economic parameters and the performance of the industrial sector …………. Level strategies are more specific and have well defined scope Purpose of departmentation are Niche markets exibit the following features

TRUE

operation logical reflection of functions, 2. Maintains power & prestige of functions, 4. Simplifies training No competition large players, leader in a small market, continuously create new niches Fit

The strategic ……….. Is a traditional way of looking at strategy A strategy used to learn more about customers' needs and behaviors in order to develop stronger relationships with them is CRM The key operating principle of moral management is "Can we make money with this action decision or behavior Role model, Common enemy, Internal Most visionary goals fall into one of the following categories transformation

Glueck Hofer

33

FALSE

S.M. is a stream of decisions and actions S.M. is the process, which deals with the fundamental organizational renewal and growth

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Ansoff Sharplin ………….. is clear about the ends, but flexible about the means

The indigenization process in Maruti Udyog Limited is represented by the following activities

………. is often called a profit plan The aim in stability strategy is

S.M. is the systematic approach to a major and important responsibility of general managementincreasingly is the formulation and implementation of plans Strategic intent assembly of semi-knocked down packs supplied by Suzuki, setting up of joint ventures in component manufacturing, Budget move slowly and surely

S.B.U. are more involved In planning role than implementation role If A diversified company is linked to a large tree, the trunk will represent the ………. corruption is an issue related to The …………. had a crucial role on the business leading to concept of strategy In a ……… decentralized structure is achieved and harmonized at plant and area levels

FALSE

core products The social / cultural environment environment Delegation

quantitative methods for help in determining the effective use of resources ……….. Constitute/s the focus for strategy at the corporate level The different marketing strategies adopted by a market leader include

TRUE

Core competencies

The issues seen in Strategic decision making include

Flank defence, counter offensive strategy It needs objective setting, proper evaluation of decision making, creativity in decision making needed for complex situatioin

a combined approach of low-cost and high local responsiveness simultaneously for their products and services is part of a

transnational strategy

In an Environmental Appraisal, the projects are Harvest strategy is used for

an 2. Organization-related factors Dogs, Question marks

The board of directors is a group of ……… men elected by shareholders or nominated by certain interest 12 or 15 Distribution strength influences competitive strenght TRUE Renovision means a new way of looking at issues, of seeing more than the obvious TRUE Decisions can be made under three circumstances with regard to decision circumstances which are Certainty, 2. Risk, 3. Uncertainty the principal source of cash generations, There is a limit to the market share of the cash cow, high cash generation requires high return and slow growth A cash cow has the following qualities 33

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engine of growth of the Indian auto industry can be attributed to ROI(Return on Investment) is determined by ROI(Return on Investment) is determined by high return on investment (ROI) companies are characterised by Maruti Udyog Limited countered the problem of rising raw material costs by Competitive Strength is determined by For success in the business, it is necessary to have • Social responsibility calls for maintaining high ethical standards within the organisation A market leader can expand the total market by

As companies are becoming more and more integrated with public life and their impact on society is increasing, important is being given

Middle level managers are Only a ………. company with a balanced portfolio can use its strengths to capitalize on its growth opportunities If A diversified company is compared to a large tree, the large limbs represent the end product. Investment entry modes narrow functional boundaries are cut across by …………. Management Survival of the Fittest

Maruti Suzuki Ltd

Market growth, Stage of product life cycle, Relative market share Stage of product life cycle Low investment intensity, Low relative unit direct costs, High capacity utilization Consolidated buying of steel and long term contracts Market share, • Relative cost position, • Distribution strength a holistic view TRUE

Geographical expansion, new uses of products, *adaptations Corporate governance The link in strategizing and implementation, not actively involved in formulation of strategies, developed to be the future top management diversified FALSE

Joint venture / Independent ventures / subsidiaries Strategic

Present Scenario

Seller market buyer market Companies started going global

33

1920

After World War-II 1980* or 1960*

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A transational strategy includes

The following are true for the 4th phase of evolution of strategic Management

Companies can outperform rivals only if it can establish a ……… it can preserve and deliver greater value at a reasonable cost a large-scale community development project to enable farmers to use local resources effectively by

Business strength is an index of factors like The tool used for decision making A range of futures scenario is A unit may become a cash cow in the …………. Stage of its lifecycle How does structure reduce external uncertainty arising out human behaviour

Global learning, combined approach of low-cost and high local responsiveness simultaneously for their product/service,, flow of expertise from the transnational company in a developed countries to those developing countries It emerged in the eighties, It is on the premise of strategic management, role of the senior management is of utmost importance

difference

Asian Paints sales effectiveness, geographic advantages, customer knowledge technology forecasting advanced Research and planning , Forecasting

A competent manager should perform which following roles

Interpersonal roles, Informational role, Decision role

A Win - Win situation has better chance of success because Business ethics is how personal norms do not apply to activities and goals of a commercial firm

of low resistance

Infosys the major Indian IT company, binds all its business units in Europe and the west by transfer of learning that may evolve in its business units and keeps the uniformity. This can be termed as In bad times, when a business is doing badly, the challane is …….. Is what the company aspires to be

Different kinds of information systems are …….. cost accounting measures the costs of producing and ignores the cost of non-producing

Strategic management is a systematic process which involves which are following The super structure indicates ways in which company's tasks are integrated or coordinated In a win-win situation, there is a high resistance from competition

Role of Entrepreneurs

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FALSE

Global learning To create new space in thr market, uniquely suited to the organisation Vision

Operational Level Systems, 2. Knowledge Level Systems, 3. Management Level Systems Traditional strategic intent, Environment Analysis, Generate Strategic Alternatives TRUE FALSE They start new businesses, independent in thought and action, Entrepreneurs spirit can be promoted within an organisation

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a cycling accessories firm strive to become "the Nike of the cycling industry." is …………. Category of goal Role model the world suffered a traumatic depression in 1950 Displacing competitor is ________ category of goal

common enemy

Figurehead role Spokesperson role Ability to see big picture Team work

Interpersonal roles Informational role Conceptual skills Human skills

It states that the private sector, because of its considerable economic and human resources, must help in social programs. ……… is a modern plant consisting of modules centered around a stage in the production

The capacity argument Flotilla concept

The Business Scenario changed after liberalisation and included changes like

Formation of wto, it revolution, online trading

divestiture is a defensive strategy in the SPACE Matrix

FALSE

FALSE

Companies employ trained ………. To develop 'competency models' to identify potential leaders. psychologists Formal systems are adopted for bring ……….. amalgamation of decentralized units into coordination product groups Getting new users is a position defence strategy

FALSE

Company Product or Service, the 5) Public Image, the 3) Technology The Contents of Mission Statements include stretching over new territories, broadening markets by a company is a form ……… defence Mobile In the dynamic environment and due to complexities of business, strategies are needed to be set at the *operation level a very good distribution channel is a critical success factor for a consumer durable industry TRUE f

Bit bets

Examples of application of principles of PIMS in pursuing product quality can be seen in

Australian Quality Council, • Japan Quality Award, • Malaysia's Prime Minister's Quality Award

Scheduling is a part of strategic management The following activities by Maruti Suzuki ltd have helped improve economic viability of company dealership The traditional way of looking at the competition is seen when there is focus on the

functional level strategies exist ……….. Strategies perate under sbu level 33

FALSE

True Value scheme, Maruti Finance, lease and fleet management service for corporates existing position & resources at the corporate level and also at the SBU level Functional

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!st phase of EVOLUTION OF STRATEGIC MANAGEMENT

integration of the functional areas

!st phase of EVOLUTION OF STRATEGIC MANAGEMENT !st phase of EVOLUTION OF STRATEGIC MANAGEMENT !st phase of EVOLUTION OF STRATEGIC MANAGEMENT

single product line

Concentric diversification means

new activity related to the existing business geographically large market, more number and types of customer, increased competition frontal attack , flank attack , encirclement attack Top Management

The condition which lead to the evolution of the 3rd phase of evolution of strategic management include Attack strategies are Strategic management is mainly the responsibility of

Accessing the current tactical advantages of known competitors The super structure indicates ways in which company's tasks are integrated or coordinated How does 'structure' reduce internal uncertainity arising out of human behaviour How does 'structure' reduce EXternal uncertainity arising out of human behaviour

question marks display following characheristic ……….. plays an important part in the strategy selection. When a company emulates the market leader with slight variations, it is called a Cloner

The Star of the Portfolio has the following qualities monitoring, controlling, decision making, and administrative activities of middle managers are served by designing reputation resource is an intangible external resource

renovision global competition

will not help to understand the resolution of potential competitors TRUE

Control mechanism , Departmentalisation , Specialisation RESEARCH AND PLANNING, FORECASTING It needs big investment to convert to star, products having low market share in highgrowth markets, ***In the bcg matrix, question marks are the products in the upper right corner of the matrix

Leadership TRUE

market leader having a high growth rate, not self financing, cash generation

Management Level Systems TRUE

Expansion strategy means ________ is the drive to achieve beyond one's expectations

growth Motivation

Business units with very large market shares enjoy higher rates of return.because of

economies of scale Activity Analysis, 2. Decision analysis, 3. Relation analysis

Three ways to determine the organization structure for any business are Excelling in one market guarantees success in a new Money is invested by way of

33

FALSE  Debt , Equity

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Vertical forward integration means Horizontal integration means vertical backward integration means strategic alliances means

Becoming your own customer Additional product/service for same customers becoming your own supplier two or more entities join hands for mutual benefit

feedback to the participant can be observed in

Delphi method

Value chain analysis is an effective tool for ________.

internal analysis

Gap analysis Corporate parenting Heartland business Ballast business

Difference between desired and projected performance Managing SBU's by a corporate Give the highest priority Fit well but low opportunities

Denominator management Environmental competitiveness tends to encourage ethical behaviour. Limitations of Traditional cost accounting are ETOP stands for ________.

cost reduction FALSE Assumes factory as an isolated entity , It measures only the cost of producing  environmental threat & opportunity profile

Stockholders are not owners of corporations, we're often told that's why their interests are are not paramount Amoral approach is neither immoral nor moral but is oblivious to ethical considerations. ………….. is useful in answering one, specific, single-dimension question. ………….. hold a high market share in a growing market

Small Exploration strategy petroleum jelly was a lubricant, came to be later on used widely as skin care. This is an example of expanding markets ………. Demand variability is a determinant by Empathy is the Thoughtful consideration of the feelings of people while making decision

FALSE TRUE

Delphi method STARS Pause/proceed with Caution new uses Industry strenght TRUE

Consolidation strategy means

better profit strategy

The ……… is a guide to action Business is rated on which dimensions

portfolio concept

33

 Market attractiveness , Business strength

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The three view points of criteria for decision making are`

Concept of maximization results, satisfying, incrementalism

High growth ucts leaders with empathy cannot make hard decision

Require investment to grow

Like roots of a tree, ________of organization is hidden from direct view. When the environmental munificence is high then the opportunities for success are limited The various models of social responsibility are A ………. , • If successful,will become a cash cow when its industry matures In the Ge Matrix, Investment should be made for the ……… domain, to allow the product to grow with the market

 core competence

The various models of resource allocation are Lifestyle, unique customer requirement provide, in all market, the scope for ……………..

TRUE FALSE Austere Model , Vendors Model , Civic Model star growth

Strategic Budgeting, • Matrix Budgeting, • PLC Based Budgeting Focus

Advantages of Departmentation by Customer process are

economic advantage, specialized technology, special skills

A cash cow has following qualities

It is the principal source of cash generations, There is a limit to the market share of the cash cow, It has a high market share in a slow growing industry

Factor encouraging joint ventures are

Uneconomical seprate existance, risk of business gets shared, sharing competence of each other

a corporation is considered a piece of property not a human community so it can be owned and sold by the propertied class. Counterfeiter copy but with a difference that can be seen.

The Advantages of Delphi method include Contractual entry modes are Providers and users of cash and other resources over a period of time amoung diferent units/products of an observation can be obtained through

TRUE FALSE The panel director filters out material not related to the purpose of the, problems of group dynamics are bypassed,, interaction is anonymous licensing / franchising

PORTFOLIO ANALYSIS

Milestone review Long and short term controls Variance Crisis Management

Another method of implementation control Balanced approach to evaluation Actual and budgeted performance leads to organisational learning

Brush your teeth twice a day is an example of expanding the total market by________.

 more usage

33

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levels of strategy are

corporate level, S.B.U. level,, functional level

________ models can be described as a system that describe how pieces of business fit together. ………….. Business Micheal porter suggested thre business level strategies that a firm can pursue. They include

 Business Divestment

cost leadership, differentiation, focus.

Standards of performance act as the benchmark against which the actual performance is compared. TRUE Financial environment is concerned with demand & supply of money, capital markets The important variables to make a decision is the ……………. constraint within which the problem must be solved Time

Under functional strategics we have vertical fit & horizontal fit.

TRUE

Cadbury's add in which Amitabh Bachchan clarifies about the safety of the product (dairy milk) is an example of ________ defense counteroffensive ________ relationships are effective in communicating complex information Personal The relationship between strategy and business model can be utilized in efficient and effective willingness manner if application is done with

the upper left cell In the GE Matrix, the strategy to Invest and grow is adopted for the SBU's in They are ultimately responsible for all the administrative aspects of strategic evaluation and control Chief executive ……………. Approach helps the businesses in shifting from Lose - Lose to WIN - WIN situation Secondary sources of information are

What is Statistical Quality Control(SQC) The decisions which are relate to daily decisions like leave records etc. which are mundane in nature & highly routined & can be done at a junior level are

egocentric* newspapers, magazines, journals etc. Identifies quality and productivity from a production process , Identifies impact of any change on performance, Instantly spots malfunctions and show where they occur operational decisions

The PIMS model can assess today's strategy and its adaptation in ……….. Market

today's

Line Managers Responsibility Middle- level Managers

Ensuring Implementation of marketing actions Ensuring proper tactical changes Taking decisions regarding efficient and effective allocation of resources Synopsis of marketing plan

Top level Executives Executive summary

Opportunity to differentiate products and services is a factor determinig competitive strength

FALSE

Change in company's strategy gives rise to problems necessitating a new structure to be made

TRUE

33

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Export entry modes are Economics of scale are an important aspect in an oranisation that pursues the strategy of Labour satisfaction may result in unethical behaviour as anger.

 direct/indirect export Cost leadership FALSE

The active dimention of grand strategy is seen when an organisation It Includes the behaviors and activities that are expected of business from society's members

anticipates environment threats and opportunities and adopts offensive strategy Ethical responsibility

Over dependence on a single product line in a mature market indicates

Strategic disadvantage

The major major principles that explain the linkages between strategy and performance in the PIMS Market Share, Cash products & services model include The supplier and technological environment is concerned with ……… Logistics

flow Position, Quality of

marketing Strategies for a Niche Market includes

focused on the Indian geographical conditions, analysed the unmet need which has catered millions of customer in India, large number of distribution channel and service centers through out the country resources, capabilities and competencies continuously create new niches

Profit centers S.B.U.s are more focused on their Manufacturing strategy Board of Directors

S.B.U. s Product line/business Productivity Link between company & external environment

………….. is the collective learning of an organization …………… is an internal dimension of space matrix

Core competence financial strength decision tree

Maruti Udyog limited has retained leadership position throughoutdue to the following The factors considered for an internal environment study include

A pictorial depiction of various outcomes of a decision is Divestiture is opposed to diversification.

FALSE

In the GE Approach, The industry attractiveness index includes factors like ________ and greater accountability replace formal control

market size, market growth, seasonally of demand

For a high cash generation, one requires Strategic Management process is in an effort to satisfy key organizational stakeholders.

high return and slow growth

it is better not to invest in question mark if Magnitude of the decision outcome and scope of their impact on the decision maker's domain of activity is

There is an an established leader in market

The …………. opportunity arises when businesses are unaware of the potential benefits of synergy

Perception

33

Self-discipline TRUE

significance

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the ……… opportunities arise when businesses fail to assess the costs & benefits of a potential synergy strategic intent includes which of the following/

Evaluation use of competitive intelligence at all level, reciprocal responsibility, competitive innovation structuring of information flow, • feedback to the participants, • anonymity for the participants

the Delphi method is characterised by the route map chosen navigating the firm through all the fluctuations and turbulence the firm may face is ………. primary corporate strategy Social responsibilities of a business mean the obligations, which it has to discharge towards the sections of the community In delohi method, the questionnaire are transmitted more than once

In the GE Matrix, the BU's Strategic intent involves

Swot analysis of arvind mills has highlighted the following opportunities for the organisation

Divestiture is an end in itself Retrenchment strategy means The …………….is an exercise in group communication among apanel of well dispersed experts The Niche Marketer is a leader in small markets

managers feel themselves to be a part of a process, and not isolated, when they can relate environmental changes to following changes within the organisation Hirarchy of strategies in descending order is S.B.U. level, corporate level, Functional level, operational level

The ISSUES seen IN STRATEGIC DECISION MAKING include A techniques used in environmental forcasting is

Some techniques used for environmental forecasting include Premium branding helped Apollo tyres weather storm of depression 33

TRUE TRUE

in the upper left are those in which the company should invest and grow,, the lower right corner, harvest strategy be used,,,in the lower right cell , should be divested, sizeable stretch, reciprocal responsibility, documenting failure Textile industry identified as core sector of India, Free access to the huge global textile market, Textile industry shifting to developing countries like India for cost cutting FALSE

contraction of business activities Delphi method TRUE

policy changes FALSE

it needs objective setting, evaluation of decision making, Creativity in decision making needed for complex situation Game theory Simulation, Cross-impact analysis, Morphological analysis, TRUE

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The outer circle of area of social responsibility is associated with issues like training of unemployed, employment for handicapped people and minorities, etc

SPACE Matrix Boston matrix Gap analysis Mckinsey/ ge matrix

TRUE

*Internal Strategic Position vs External Strategic Position Market growth Vs market share Performance Vs time Industry attractiveness Vs business growth

Japanese companies unleashed a force across the world along with other Asian companies posing threats for the US and European companies in the

eighties

An unhealthy portfolio has

More dogs , Few stars

one of India's largest diversified business houses is ………

Nicholas Piramal India Limited (NPIL)

According to Michael Porter, the core of efficiency management is strategy. The culture of a company is conveyed through

Rites , Myths , Rituals

TRUE

Environmental issues lend themselves to a straightforward classification into neat categories

FALSE

The various areas covered by social responsibility are

Inner Circle , Intermediate circle , Outer Circle

…………… captures the essence of winning and is stable over time Arranging training program on productivity is a strategic decision A contractual form of entry into global markets is seen in

Strategic intent

supplier & technological environment is concerned with

The results of the SPACE Matrix indicate direction for An organization develops its core competencies over a period of time s in swot stands for In the cash flow of a product, The payoff from growth must come when the growth ………..

FALSE Franchising quality & no. of suppliers , logistics , raw material , trends and rate of change of technology future investment TRUE inherent capacity of organization slows

The Quantitative Management Viewpoint emerged as a major force during ……….. The Quantitative Management Viewpoint emerged as a major force during world war 1.

ability of the company to raise funds, Usage of funds, 3. Management of funds Negotiator role Board of Directors World War II FALSE

…………… s not an end in itself, and leads to creating new businesses and strengthening existing ones

Divestiture

The factors considered to study the financial capability of an organisation include

Decision role is inclusive of The ……….. Is the link between the company and the environment

customer loyalty can be gained through differentiation 33

TRUE

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Strategic management is concerned with In the BCG approach, units or products with low market share in high growth markets are called ……….

recovery situations include policies define an area within which a decision is to be taken Strategic management deals with

a corporation is considered a piece of property, not a human community so it can be sold & owned by the propertied class Niche marketing means

Niche can be on the following basis Access to investment resources is a factor determinig competitive strenght Factors determining HRP (Human Resource Planning )

long- range planning

Question marks Temporary viability, 3. Survival is possible but little potential for future growth exists, costs cannot be reduced and declining demand TRUE Business process TRUE end user specialist , customer specialist , geographic specialist end user specialist , customer specialist , geographic specialist TRUE Type & Strategy of organisation , Environmental uncertainties , Type & quality of information

After the success of Japanese and Asian companies in the eighties, many companies copied the efficiency and practices of the Japanese companies. These practises refer to operational effectiveness Market follower are Market challenger are Turnaround strategy Maintain strategy

imitator bypass attack V.R.S stable environment

Trust & fairness , Changed Management , The Hallmarks for self-regulation are Integrity & thoughtfulness Responsibility towards society & community includes - Avoiding bad, smoky chimneys, & pollution of any kind and abiding by the Environment Protection Act

The one quality that all great leaders share is that Operational Level strategies are derived from ….. Strategies the factors affecting environmental appraisal are

emotional intelligence Functional Strategist related, 2. Organization related, 3. Environmentrelated

Competenncy models reveal three types of capabilities The benefits of a change in process are defined in terms of ________ cost savings

Technical skills , Cognitive skills , Emotional Intelligence Quotient Labour

It refers to the relatively more durable company arrangements and relationships

Structure

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………. Occur when there are inconsistencies in image and reputation Module of Flotilla strikes an optimum balance of ________ and flexibility An operational turnaround strategy is usually linked with ……… It indicates the degree of differentiation

Trade offs

……….. are chronological sequences of required actions

Procedures

Standardisation

internal retrenchment Structure

Companies have strenghts in a number of areas but their key strength are few in number

Role of a Manager in today's changing business scenario is to

TRUE

establish an environment for accomplishing group goals with least time, money materials and personal dissatisfaction, Take actions that will make it possible for an individual to make their best contributions to group objectives,

identification of the Critical Success Factors (cfs's) can be done The CEO is the most important strategist and responsible for all the aspects

By SWOT analysis

Interpersonal roles include

Figurehead role, liaison role, • Leader role

This strategic posture plays a leadership role in establishing how the industry operates

Shapers

THE PROFIT-IMPACT OF MARKET STRATEGY MODEL (PIMS) enables firms to make ………. Evaluation of business strategy

quantitative

TRUE

Japan's major productivity gains are the results of social changes brought about by ________ Statistical quality control Style of a company are the patterns of actions taken by members of top management over a period of time The term strategy is derived from the Greek Work "Strategy' Which means General ship-the actual direction of military force three There are …………. levels at which strategic plans are made for most companies Systems are formal and informal rules and regulations that complements the company structure it is formal and informal rules and regulations that complements the company structure The Organization with narrow spans have the advantages of To f) Maintain a regular and continuous supply of goods and introduce better and new products through R&D is one of the social responsibilities of To f) Maintain a regular and continuous supply of goods and introduce better and new products through R&D is one of the social responsibilities of The study of the internal Environment of the firm involves anaysis of its

Core Values are Business units with very large market shares enjoy higher rates of return because of The environment of any organization is "the aggregate of all conditions, events and influences that surround and affect it." 33

TRUE TRUE

TRUE Systems

Close supervision, 2. Close control, 3. Fast communication between subordinates and superiors consumers people resources, capabilities and competencies Independent of the current industry environment economies of scale TRUE

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Stage of product life cycle has no impact on the ROI

TRUE

Change in company's strategy gives rise to problems necessitating a new structure to TRUE be made …………. creates a need for a shift in perception of competition Game Theory The objective of R & D maruti udyog limited was two fold. One was to reduce products costs and the second was To become the reginal R&D hub for suzuki operations …………… are the supreme authority in a company HR implementation involues a series of action programme like production, estimation of raw materials, labour & machine hours The working system in maruti Udyog Ltd is as the Japanes System and encompassing such practices as the same uniform for all levels of the work force

Board of Directors FALSE TRUE

ISSUES IN STRATEGIC DECISION-MAKING are

Personal limitation, Influence of group, Limitation Regarding Rationality, creativity & logic

The primarily responsible for charting and deciding the future course of action in an organisation is with the

senior management

Ford's goal to "democratize the automobile." falls in the Role Model category

target

Functions of top management are

Policy framing, 7. Co-ordination, Plan formation

a study of the The marketing environment will include

Customes perception, price performance equation, competition govt. policies, stability, philosophy of govt. , legal

Factors to be considered in political- legal environmental scanning are

system, implementation, infrastructure , importexport

Corporate strategy ensures

fit between the firm and its environment

Building core competencies by an organisation does not include the following activities ……….. involves a company attaining the lowest cost of producing a product or a service

sharing costs by SBU's, building global branddominance, building global share of manufacturing Cost Leadership

Core ideology

core values , core purpose

The core purpose and values of the firm are In the 1980's when the textile industry faced a major crisis, aravind mills was at its Highest level of profitability

discovered

……………. strategies operate under the SBU-level

Functional reciprocal Capital Structure Planning Managing and understanding IT, People management, Global sensitivity industry attractiveness

…………… responsibility goes a long way in building credibility and motivation influence overall value of the firm The Indian manager, in the current scenario needs which of the folowing

the vertical axis in the GE Strategic Business Planning Grid represents 33

TRUE

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……………. Performs role of evaluation of managerial performance against organizational objectives to ensure strategy implementation

Appraisal System

Empower people through great software anytime , any place, on any device'Microsoft

vision

Analysis of Enterprise Position suggests the following strategy

Invest , Grow, Harvest

Staffing function applies to all company levels irrespective of levels of hierarchy

Industry Strength (IS) is determined by To build a fortification around one's territory is called In the first phase of evolution of ' Strategic management ' planning was done was on the premise of ………

TRUE

Growth potential, Productivity, Profit potential Position Defense

ad hoc policy You must keep stretching your employees more and more is one of the Principles followed by Ajay Piramal a corporation is considered a piece of property, not a human community so it can be owned and sold by the propertied class. The payoff from growth must come when the growth slows The preparation of …………. involves dividing the environment into different sectors ETOP A market challenger adopts the following marketing strategy

Flank attack

…………. does not diminish with use

Core competence

strategy is about achieving excellence in individual activities The Tangible resources of a firm include In a SWOT ANALYSIS of a Financial Services firm changing regulation is considered

TRUE TRUE

FALSE

financial resources, organizational resources, technological resources a threat

________ is seen as an integral process that converts materials into goods

Systems

Environmental Analysis

Social, Political, legal & technology

Swot Analysis Marketing strategy Marketing a product

Matching, converting, minimizing & avoiding strategies Life cycle considerations Mass segmentation

subsidiaries are more dependent on the center in …………. Organisation model

International the vertical axis is defined as Market Attractiveness, the horizontal axes as Competitive Strength, Developed by the Shell Oil company

In the Directional Policy Matrix, thr following hold true

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T in SWOT, refers to Make or buy decision is related with ________strategy.

unfavorable conditions in external environment vertical ( backward ) integration

Merger takes place

between a buyer and a seller , to avail tax concessions , to increase growth rates

VRS (Voluntary Retirement Scheme) was a trategy move adopted by MARUTI UDYOG LIMITED for cost cutting

High growth products Problems with SBU concept can lead to imprisoned resources Combination strategy is adopted when the organisation is large and faces a complex environment Game theory is an alternative way of looking at ………. Game theory is an alternative way of looking at competition explicit account of future changes in the market is not taken into account in the reaction to environment threats and opportunities is an active dimension of grand strategy Companies connect with all of their Branch Offices on Real- time basis is an impact of the IT revolution The 3 levels of fit include

there is a fair degree of control on the

TRUE

require investment to grow TRUE TRUE

competition TRUE PIMS model FALSE TRUE

simple consistency, activities are reinforcing each other, optimization of efforts internal environment

Macro environment is the internal environment of a company

FALSE

The following dtraategies represent an aggressive strategy

marketing environment 1.                   R & D system. market penetration, product development, backward integration

It is to ensure a strategically desired behavior, especially as the individual objectives may not be in line with the organization objectives The most desirable SBU's are those located in the

Motivation System upper left cell

globalization, integration of markets are factors involved in a study of …………… is a Factor leading to Operations Capability

The ________ are distinct little business set up as units in a larger company Strategic business Units

In the ……………… the horizontal axes as 'Competitive Strength' A balanced portfolio of products help to

The main function of the corporate strategy includes 33

Directional Policy Matrix To capitalize on growth opportunities

to provide strategic direction to the firm, to ensures the fit between the firm and its environment, sets the pace of the corporation's total growth

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Approaches to strategic decision-making are Approaches to strategic decision-making are

how the components of the total cost of a company's product are affected by cumulative experience, the relationship of industry experience and average industry prices and costs, how competitive cost comparisons relate to current costs of direct competitors to their cumulative experience Incremental approach, 5. Adaptive approach, 1. Formal structured approach International Structure Model

…………… are the glue that bind existing businesses and guide market entries

core competencies

The organizational pyramid gives us a ……… hierarchy In real life there are constraints and complexities, which are dealt with by

vertical Strategic Management

________ should have the ability to develop a visionto see patterns into the future.

Leaders

experience curve effect helps to understand

A network of facilities and distribution that performs the functions of procurement of materials trasforming into intermediate and finished products & distributing themto customers is Three important managerial qualities required for the effective strategic management

Supply chains Conceptual, human & intellectual skills , Decision making ability , Vision

quality systems and practices …………. have been rated as a "benchmark for automotive industry worldwide"

Maruti Suzuki ltd

After the fail of USSR, the world rapidly moved towards

Liberalization

The tangible link between identified core competence and end products are core products the 3 main skills required by a manager are one of the three main skills required by a manager include

Technical skills , Cognitive skills, Human skills Human skills

Corporate level strategy cover the various strategies and functions performed by different SBUs Titan going into setting their own retail outlets- this is ________ integration.

vertical ( forward )

an alternative way of looking at competition is seen in

Game theory

The control process requires the following types of information

Planned performance , Variances , Reasons

The internal analysis for the organisational capability study uses tools like

Value chain analysis, • Qualitative analysis, • Comparative analysis

Policies do not allow for some discretion In the present business scenario, rivals copy very fast. This is termed as An approach that strives to follow ethical principles and percepts is ……………. Is about creating a fit among the different activities Reciprocal responsibility means equal blames and credit. Budgets are plans expressed in numerical terms usually in financial terms 33

TRUE

TRUE

FALSE

Hyper competition Moral management

strategy TRUE TRUE

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The portfolio concept works only when competitive advantage is

Macro environment has got immediate impact on business. Program is a combination of The activities of the senior management include

Position Defense Flank Defense Mobile Defense Pre-emptive Defense

real FALSE goals , policies , procedures Implementation of strategy, Managing external environment, Governance of company

build a fortification around one's territory protect a weak front by creating outposts to stop attackers broaden markets attack before the competitor starts the offence

In the space matrix, the internal strategy position axes represents two internal dimensions, namely financial strength and • competitive advantage According to the Product Life Cycle Concept (PLC) concept, rapid sales growth is seen in the maturity stage. FALSE The distribution structure affects market attractiveness TRUE Mass media includes which of the following Radio, tv, internet etc. Core competence Needs to be nurtured and protected TRUE This matrix measuring the health of the market and the company's strength to pursue it is known as Directional Policy Matrix multiple businesses SBU's are formed when there are Core values reflect the following a hardware manufacturer entering into software is an example of ………….integration the three variables that make the dicision difficult are The 3rd phase of evolution of strategic management was in the …………..

Expectations Issues Trends Weakness

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Will not change if circumstances change, It is a part of core idealogy, They are choosen by the founders

Horizontal Integration Familiarity, 2. Ambiguity, 3. Complexity Sixties

stricter auditing norms business ethics global warming always in relation to the environment

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By 1960s, there was a demand for a critical look at the basic concept of business due to increasing ………….

Limitations of PIMS model include

competition define the required strategic improvements but it does not say how it is to be achieved, does not take account of future changes in the market, does not help in apprasing new business opportunity

Premise of AD-hoc policy

!st phase of EVOLUTION OF STRATEGIC MANAGEMENT

premise of strategic management Premise of strategic Paradigm premise of planned policy

4 th phase of EVOLUTION OF STRATEGIC MANAGEMENT 3rd phase ofEVOLUTION OF STRATEGIC MANAGEMENT 2nd phase EVOLUTION OF STRATEGIC MANAGEMENT

Social strategy william glueck

Alfred chandler over emphasis of growth

Strategy as integrated plan to achieve basic objectives of the entprise Strategy as determination of the basic long-term goals and objectives of an enterprise and the adoption of the courses of action, allocation of resources

A business enterprise is not a trust of the community

FALSE TRUE

Arvind Mills endevours to be a one shop for leading garment brands

Product opportunities appearing in the bottom right of the matrix indicate the following After World War-II, the approach was to rebuild the devastated economics. This changed scenario exihibited the following characteristics

It is unattractive to company, suggests it is a candidates for cash management, can be considered for divestment

In a BCG approach, the following is observed

Buyer market, diversification of Products, brand preferences among consumers stars need cash investment for growth, cash cows generate cash but will decline in the future, gs demand less cash

………….. is a creation of unique and valuable position, which rests on unique set of tailored activities.

strategy

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Characteristics of a Mission Statement It is the most important feature in the implementation of strategic management Growth of the passanger vehicle segment if favored by

Conceptual skills include

The Need for a Written Mission Statement includes A major part of strategy implementation is The marketing Strategies followed by a Market Follower is to The marketing Strategies followed by a Market Follower includes Corporate are intrinsic and require no external justification Various phases of Growth are

Specific, Motivational, 6) Distinctive leadership Robust economic growth, affordable finance and improvements in infrastructure Ability to see the big picture, understand the relationship among the different elements, recognize significant elements in a situation To ensure unanimity of purpose within the organization, 4) To establish the organizational climate, 3) To develop a basis for allocating organizational resources resource allocation

adapt and improve on the product of the market leader Imitator, • Adaptation, • Cloning TRUE Creativity , Delegation , Co-ordination

Strategic intent implies a sizeable stretch for an organization

TRUE

………… is the cornerstone to decide on strategy The capacity of of indigenization depends to a very large extent on the Responsibility for managing the company and relationship is the

SWOT analysis capacity of the ancillary sector

too much simplification is a major limitation of ………….

BCG Matrix

the ……….. opportunities arise when businesses fail to assess the costs & benefits of a potential synergy

Evaluation

The Product Portfolio has the following qualities

It is a function of the balance between cash flows, it consists of products with different growth rates and different market shares, A balanced portfolio can help to capitalize on growth opportunities

CEO

Cash Cows

low market share in high growth markets high market share in a mature slow growing industry

Appraising new business opportunities

PIMS model

Dogs

low market share in decling growth market

Question Marks

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The tool used for decision making in ' The alternate futures ' scenario is Acquisitions which are friendly are termed as "take-overs" mission means

Option Valuation model

Within an organisation, a sense of direction and are active in implementation is seen due to the The model based on 30 strategic variables and stored in an extensive computer based model and database is known as the Sustainable competitive advantage is necessary for the working of the ………………… involves the sale or liquidation of a portion of business ……………. Organization is also known as Grid or Project or Product Management The environment which has a direct impact on thr company is the

entrepreneurial spirit

The reasons for acquisition are The CEO is the supreme authority in a company Investment in a Question mark product\unit is worthwhile when After the second World War, Policy making and functional area-integration did not suffice for the organisation due to the The details which have been retired, processed and used for in presence purposes or decision making is known as

Organizational capability is

FALSE vision

PIMS Model Portfolio concept Disinvestment Matrix Immediate environment Increased market power , Increased diversification , Increased speed to market FALSE There is no dominant competitor Effect Of environment on the business Information

measured, inherent potential of an organisation comparable

Cost leadership is business level strategy Stockholders are not the owners of corporations that's why their interests are not paramount

TRUE FALSE

specific single dimension question allocating resources among different business units

Delphi method BCG matrix

low resistance from competition

Game theory

desired performance & projected performance

Gap Analysis

The Information Management Capability of an organisation are known by its Operational efficiency is essential but not sufficient Macro environment includes

Initiative taken by Maruti Udyog Limited for leadership include

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Transmission and dissemination of information, 3. Integrative factors, processing of information TRUE Political- legal , socio-cultural , economicdemographic Vendor rationalisation, tie-up with SBI and its associate bank to reach small town, Presence across the different segments

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SWOT analysis of arvind mills has highlighted the following opportunities for the organisation ………….. & are the main challenges in strategic management Every company reinvestments its over a period of time

Textile industry identified as core sector of india, Free access to the huge global textile market, textile industry shifting to developing countries like india for the cost cutting Uncertainty, complexity TRUE

Increase in passanger vehicles consultant Senior Management

Affordable finance unbiased opinion Answerable to board of directors

CEO

link between the company and the BoD also external environment

The ………. Was developed as a result of technology forecasting study done for the US Military ……………. Are the wellspring of new businesses

The common areas of application of pims model include In the Directional Policy Matrix, the cell in the bottom left corner, the strategy suggested is Middle managers are …………… in formulation of strategies A strategy needs In strategy formulation, when activities are incompatible, you need

Depressed Exit Price represents

delphi Method Core competence Forecasting profit, • Appraising new business opportunities, effective allocation of capital, manpower and other scarce resources Divestment Not actively involved

operational effectiveness, trade-offs, fit Trade offs part divestment*

It is the process of analyzing, dividing and arranging work or activities into manageable portion for individuals, sections & departments departmentation

________ support managers by keeping track of the elementary activities & transactions of the organization such as sales, receipts, raw materials etc. The major issues of appraisal system are

Envisioned future Core Ideology Strategic intent strategic planning

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Operational level systems Factors of appraisal , Relevance of apprasial , Procedure of appraisal

Vivid Description Canon wanted to "Beat Xerox"

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Three main criteria for Decision making are

Concept of maximization of returns, b) Concept of satisfying, c) Concept of incrementalism

Strategy rests on unique activities - perform activities differently or to perform different activities than rivals

TRUE

making philanthropic contributions, sponsoring a clinic for AIDS victim & training the economically disadvantages are the examples of discretionary activities Maruti udyog limited now accepts old cars of any manufacturerfor a new MUL car under its ………….. Scheme The discipline which deals with what is good and bad and which moral obligation is Adapter duplicate the leader and claim to be similar or even the same. Vertical integration is concerned with Undec the social goals the responsibilities with regard to employees includes prociding maximum possible satisfaction to consumer providing quality goods & services at reasonable prices.

true value Ethics FALSE supply chain

FALSE

tenure of loans is a part of the study of GATT stands for ________. Giving up existing markets because they are decling is ………….. Giving up existing markets because they are decling is …………..

The financial environment general agreement on trade & tariff harmful

………. fund their own growth

cash cows objectives

Targets on turnover and profit form part of a firm's ………. allocentric approach means focussing on As public and common investors own more and more companies, managers need to be oriented towards Grand strategies operate over different dimensions, namely

FALSE

others

shareholder value Internal/external dimension, Horizontal/vertical dimension, Active/passive dimension

Board of directors of the company are

Industry attractiveness is high business strenth is average Supreme authority which links Company with environment

The company compares itself against the competition and develops its ……………

competitive advantage profile (CAP)

Strategic intent means

obsession with an organization , ambitions in proportion to their existing resources & capabilities , what the organization strives for.

The Win-win situation is popularly known as ………..

COOPETITION

In bad times, when a business doing badly, the challenge is

To create new space in market, uniquely suited to the strenghts of the organisation FALSE

Challenge for Leadership position is followed when

Corporate planning staff are the vital link in strategizing and implementation 33

SM GET DONE UR ASSIGNMENT AND ANY INFORMATION CALL ON 09999606151 American companies became best in the world After applying this principle of division of labour competitive innovation Search for the gap in the market waiting to be exploited that gives you a foothold in the market is

W in SWOT stands for

inherent inadequacy of organization

The demographic environment is concerned with

Population's size, age, income, distribution of groups, • Family structure

TRUE

General Electric Matrix is divided into how many cells

Relative cost position of a product is Maruti Udyog Limited tied up with SBI and its associate banks to reach smaller towns and cities In directional policy matrix, Tomorrow's breadwinners among today's R&D projects may come from …………. Domain Concept of E-Commerce came into picture in the 21st century Once a visionary goal has been reached, it needs to be stabilised ONE OF THE KEY FEATURE OF MUSSION STATEMENT IS THE

Contents of Mission Statements include

The key elements to be taken into account in developing mission statements include Capital markets is a part of the ……………… enable the firm to create and exploit external opportunities the ability to create and exploit external opportunities is on account of the firm's Factors playing a crucial role in shaping the structure of any industry in economy

(CA)Competitive Advantage is influenced by

9

cost structure compared with competitors

where financing for purchase of vehicles was done Double or Quit FALSE FALSE EXTERNAL FOCUS

Company Product or Service, 5) Public Image, 3) Technology History of the Organization, 2) Organization's distinctive competencies, 3) The organization s environment

financial environment Capabilities Capabilities Globalization, price pressure, consumer behaviour Product life cycle, Customer loyalty,

The most important single factor affecting a business unit's performance is ………. of its products and services, relative to those of competitors. quality ethnic mix is a part of The demographic environment Delphi method is used to determine complex forecasts concerning multiple factors According to Maslow Basic & Security needs are satisfied by means of Trade offs occur when activities are

Economic Profits incompatible

Cost leadership exhibits following qualities

Suppliers under control due to large volumes, functional products, large customer base

A market leader needs to carefully defend his markets, as competitors are always looking for entry into existing markets. The defence strategies include Wholly-owned subsidiaries is The biggest risk to cost leadership is

Preemptive Defense, • Flank Defense, • Mobile Defense Investment entry modes rapid and sudden technological change

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TRUE

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Disturbance handler role is included in ………….

Decision role

The major gain for the economy was the rapid increase in the production of all segments of the automobile industry

TRUE

factors to be considered while deciding candidates for divestiture are

taxes, availability of buyers, market reaction

These are moves that will pay off irrespective of what happens in the future

No-regret moves

One of the major impacts of the New Revolution in the Business world due to information technology Ability to connect world wide on real time basis]

the Portfolio concept says

companies participate in a number of different "businesses", even if all falls within one general industry category, resources to be kept fully employed in the areas having the highest yield or potential yield

________ identifies the impact of any change on performance

Statistical quality control

Objectives exhibit which of the following factors

Specificity, Periodicity, Verifiability

Board of Directors are responsible for the governance of the company The only market leader in the world to be ranked number one in customer satisfaction is

TRUE Maruti suzuki ltd

Profit making represents the individual aspect and the social obligation of supplying goods and services at the acceptable price

TRUE

HPCL, In order to realise the Corporation's Mission have HPCL believes that the key to organisational excellence Entrepreneurs are………….. in thought and action

made Corporate Values an integral part of their decision making process are its Human Resources independent

This strategic posture takes the current industry structure and its future evolution as given and then react to the opportunities the market offers According to the models of social responsibility, the Austere model focuses at the

Adapters owner

The denim business is …….. in nature Factors which can help assessment of market attractiveness include

cyclical Opportunity to differentiate products and services, • Distribution structure, • Market Size

market research is conducted

by employees , by research agencies , by consultants

Opportunity to differentiate products and services

Market Attractiveness independently stockholders

In Internal dimension of Grand Strategy the organisation adopts a strategy

Organization in satisfying its physiological needs is answerable to its The good performers drive out inferiors because the best service available from anyone of them soon becomes

the standard for all competitors

Critical resources in the emerging information age are

Intelligence , Information , Expertise

Maintaining high ethical standards in business and focus is referred to as ………….

Social responsibility

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A Large-scale community development project was funded to enable farmers to use local resources effectively by

Asian Paints

A company concentrates on its strong position and give up weak position as a strategic withdrawal for defending its market share. This is known as flank defence

The factors that will be considered for Environmental Scanning The strategy to realise the value of the assets on a controlled basis to make the resources available for redeployment elsewhere is seen in

FALSE

Events taking place in te environment, trends in the environment, demands made by interested groups

The most crucial task in strategic planning is

Phased Withdrawal Domain formulating the corporate strategy

Techniques used in environmental appraisal are

single-variable extrapolation/multivariable interaction analysis , structured/ unstructured expert/inexpert opinion , Dynamic modes and mapping

________ is a deep understanding of ones emotions, strengths, weaknesses, needs, drives & their effects on self and others

Self-awareness

the process of determining appropriate course of action for achieving organizational objectives is known as ………….. is derived from the societal strategy of a corporation Corporate level strategies is derived from the societal strategy of a corporation ……….. are guides to decision making The value of a product is completely dependent upon obtaining a leading share of its market Strategic management Process is an effort to satisfy key organizational stakeholders

Strategy formulation Corporate level strategies TRUE policies before the growth slows TRUE

Michael Porter suggested three business level strategic that a firm can pursue. They include Focus, Differentiation, Cost leadership an organisation adopts a strategy that is related to its existing business. The dimension of grand strategy is known as ………. Dimension Related organizational competencies Synergistic effects manifest themselves in advantages over the competition in terms of Opportunity to differentiate products and services product quality

Market Attractiveness Business strength

Cash Generator

Fixed assets

Capital intensity

Associated external agencies means

channel members, customers, suppliers etc

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ITC's diversified status originates from its corporate strategy anchored on its core competencies including

distribution reach, brand-building capabilities,service skills in hoteliering

A unit can qualify for divestitute if it is a cash cow It concentrates on organisation design and work flow

TRUE Flotilla

one of India's largest companies with an unmatched record of managing JVs/Partnerships

Nicholas Piramal India Limited

Modern Accounting uses ________ as a unit of measure

Time

Change in company structure from divisional to matrix also mean changes in the systems in various degrees It provides a way to bring in the people dimension in macro company analysis without using psychological models of human behaviour

Today's managers must make companies flexible, respond rapidly and play to new rules every day due to Companies with good strategic intent know the importance of ………… The decisions which are applied to structured or routine problems are Degree to which the decision maker is accountable for the outcomes of the decision is

Cash Flow of the Product is determined by the following rules Entry of multinational into the business indicates for an organisation Board of directors are All policies are 'statements' In SWOT , S stands for Economics of scale requires ________

TRUE Culture

Hyper competition documenting failure programmed decisions accountability

Margins and cash generated are a function of market share, • Growth requires cash input to finance added assets, product market cannot grow indefinitely A Threats owners / shareholders, lenders

Strategic intent

FALSE favorable condition in the organization's environment high market share obsession with an organization , ambitions in proportion to their existing resources & capabilities , what the organization strives for

Vision mission BHAG Fit

what a company wishes to become or aspires to be what the company is and why it exists big headed audacious goals SWOT analysis

CEO is a link between Rules spell out specific ……... , allowing no discretion

chief architect of organizational purpose

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actions, non-actions

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The preparation of ETOP involves

dividing environment into sectors , sub factors , analyze impact of each sector & sub factor on organization , description of impact of each subfactor into a statement which is positive, neutral or negative

It is the process of selecting people for company positions and developing skills and abilities for assignments in the company Staffing The process of gradually letting a company or business wither away in a controlled manner is called Harvesting The cornerstone of financial planning process of all organizations because of the cost, control and risk considerations which influence overall value of the firm is Capital structure planning The traditional approach towards uncertainity is Binary

HPCL believes that the key to organisational excellence The information management capabilities of an organisation are known by its

Market share and profitability are strongly related The Strategy Plan would have

are its Human Resources Transmission and dissemination of information, 3. Integrative factor, processing of information TRUE

Resource allocation, SWOT, evaluation parameters

in an environmental appraisal, growth rate is an organisationa related factor

FALSE

the strategic use of outside resources to perform activities traditionally handled by internal staff and resources is Outsourcing

………... authority is held responsible for achievement of corporate goals The capacity of indigenization depends to a very large extent on the

Line capacity of the ancillary sector

Rules are a chronological sequences of required actions

FALSE

Contents of Mission Statements

Company Product or Service, 5) Public Image, 3) Technology

This strategic posture invests sufficiently to stay in the race but avoids pre-mature commitments

Reserve the right to play

Role of Corporate Planning is

administrative support

Measures to take corrective action the elements of external environment include Performance is affected by

Checking performance , Reformulate strategies , Standard check ECONOMIC, SOCIAL, TECHNOLOGICAL Distorted resource allocation , Inappropriate structure , Wrong motivational styles

……… are invariably quantitative

throws up the capability gaps of the firm Objectives

the sustenance, nourishment and stability to an organisation is provided by

its core competence

Internal appraisal of the firm

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business strategy cover allocation of resources among functional areas along with functional strategies the export mode of entry into global markets by the organisation include it includes voluntary beneficial activity that is not strongly expected of business by society's members delay in ……… measurment defeats the purpose of evalution in the strategic planning process scenario writing is a technique used for the actual performance deviates positively over the budgeted performance. This is an indication of superior performance it is designed to monitor a board range of events inside and outside the company that are likely to threaten a firm's strategy market attractiveness is determined by from the swot analysis of armind mills, it is seen that Arvind may have to mobilize funds at a significantly higher interest rate than the market one of the factors determing market attractiveness is

potential access to a wide variety of markets and diverse products is provided by the The main task in setting the corporate objectives is to decide the extent of growth the firm wants to achieve audacious goals are Organization with narrow spans have the advantages of at this level, the effort is directed at assessing the consistency of strategy with environment the cells in the business consulting group matrix include social responsibility, to ensure that resources are allocated efficiently for the betterment of the society is guided by

the role of board of directors include ……… opportunities are derived from a simple lack of enthusiasm by one or more units knowledge of the relationships between choices, environment & outcomes is

TRUE licensing, indirect export, franchising

discretionary responsibility time

environmental scanning and forecasting TRUE strategic surveilance

Market Size, • Market growth, • Market profitability

Weaknesses of the firm Distribution structure core competencies TRUE

what the company would like to achieve Close supervision, 2. Close control, 3. Fast communication between subordinates and superiors. strategic evalution dogs, question marks, cash cows

the invisible hand supreme authority in a company, represent the owners / shareholders, responsible for the governance of the company Motivation

the following hold true for stretch

familarity at present, there is a misfit between resources and aspirations,, resourcefulness,,, innovative use of your resources

The payoff is cash that cannot be …….. that product

reinvested in

Michael Hammer & James Chapy Benchmarking is

Reengineering competitive analysis

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GDP stands for Comparative analysis is

gross domestic product historical analysis

for its new strategy ……. Was coined by arvind management

Renovision

SBU level strategies are characterised by

they are in line with objectives of the company, it covers allocation of resources among the functional area, coodination between the corporate and sbu level in objectives and functional strategy for optimisation

reasons for using matrix management are the chief architect of organisational purposes is

oriented towards end results,pin-pointing product-profit responsibility the ceo

the sheer magnitude of the war effort caused the british and the US military services to turn to……………………………..for determining the effective use of resources

quantitative methods

it is important to maintain the competencies even if not active in the markets this strategic posture plays a leadership role in establishing how the industry operates good companies never let skills go outside growth can come by

The portfolio composition is a function of the balance between in the GE matrix, investment or resource allocation is not made to the following cells numerator may bring short term results, but there may be serious long term sacrifices to democratise the automobile was the visionary goal set by ford which falls in the category of corporate level strategy cover the various strategies and functions performed by different SBUs to maintain strategies means ………. Is an internal dimension of space matrix these people are primarily responsible for operating control based on budgeting, reporting and financial analysis the ………. opportunities arise when businesses fail to assess correctly the costs and benefits of a potential synergy

The group interaction in Delphi method is anonymous

TRUE

Shapers TRUE deepening strategy

cash flows Cash Generator Domain, Cash Generator Domain, Divestment Domain FALSE TARGET GOALS TRUE no change in strategies

financial strength company secretary, auditor, financial controller

Evaluation

principles to manager strategic alliance are the x-axis in a product life cycle is represented by COUNTEROFFENSIVE DEFENCE IS A marketing strategy adopted by a

TRUE clarity in strategy & reponsibilites, blending cultures, provide for an exist strategy time market leader

……….. are a key factor in determining an organization's mission

Customers

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the contents of a mission statement include in india, around ……….. of all new cars are financed according to micheal porter, the core of general management is ……. market share is not a primary issue when the company adopts the strategy of increase in volumes of busines was a characteristic of

the company products or service, the public image, the technology 80% strategy differentation industrial revolution

The PIMS database includes

financial and strategic information for different business

the mission reflects which of the following

it is the expression of the corporate intent, It tells insiders and outsiders what the corporate stands for, it is shaped by the capabilities and vision of the corporation's leaders

the …… opportunities arise when businesses fail to assess correctly the costs and benefits of a potential synergy

Evaluation

HR implementation involves a series of action programme like production, estimation of raw materials, labour & machine hours the business scenario during the industrial revolution was characterised by

reciprocal responsibility objectives budget number one in customer satisfaction for 5 yrs in a row Focused company is generally protected from competition Criteria for making an evaluation are an organisation adopts a strategy which complements the existing business. The dimension of grand strategy is known as ……… dimension Operational effectiveness' is

FALSE mass production, professional salaried manager, owner manager

equal blame and credit concete and specific profit plan maruti suzuki ltd TRUE Consistency with goals, Consistency with environment, Money related not a strategy

marketing environment includes the linkage between the company, customers and competitor

TRUE

strategy is an art of the …..

general

board of directors chief executive officer entrepreneurs consultant

supreme authority in a company most important strategist independent through and action specialised new business

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Acquisitions Restructuring Synergy Merges

Horizontal & Vertical Down sloping Vertical integration Integrating Resources & Capabilities

' Xerox '' is a generic name for copying machines people tend to develop generic names for

cash cow products that it should as a framework for evaluating prospective activities ture

The function of the Mission Statement is In the 60's the market changed from a sellers' market to a buyers' market. they enacts the formal role of reviewing and screening executive decisions in the light of their environmental, business and organizational implications

core values are Infrastructure like electricity, roads / rail are a constituent of the ………. are chronological sequences of required actions GROWTH OF THE PASSENGER VEHICLES SEGMENT IF FAVOURED BY the strategy, in the ge matrix, for • The SBU's in the cells along the diagonal running from lower left to upper right is

Board of Directors

economic environment Procedures robust economic growth, affordable finance,,, improvement in infrastructure

the three view points of the criteria for decision making are

to protectof ormaximization, allocate resources on a selective basis Concept satisfying, instrumentalism

ORGANIZATIONAL MODELS ARE

multinational model, international model, global organizational model

The progress of indigenization depends to a very large extent on the

capacity of the ancillary sector

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