Strategic Management MCQ Questions and Solutions with Explanations Management Page-10 section-3 PDF

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Strategic Management MCQ Questions and Solutions with Explanations | Management Home (https://www.examveda.com/) / Management (https://www.examveda.com/mcq-question-on-management/) / Strategic Management

Section 1 (https://www.examveda.com/management/practice-mcq-question-on-strategic-management/?section=1) Section 2 (https://www.examveda.com/management/practice-mcq-question-on-strategic-management/?section=2) Section 3 (https://www.examveda.com/management/practice-mcq-question-on-strategic-management/?section=3) Section 4 (https://www.examveda.com/management/practice-mcq-question-on-strategic-management/?section=4) Section 5 (https://www.examveda.com/management/practice-mcq-question-on-strategic-management/?section=5)

46. Which of the following would a market-driven business most likely be?

A.

Competitive

B.

Efficient

C.

Flexible

D.

Resourceful Answer & Solution Discuss in Board (https://www.examveda.com/which-of-the-following-would-a-market-driven-business-most-likely-be-33399) Save for Later

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Answer: Option D Solution: A market-driven business most likely be resourceful. Market-driven is defined as: “Firm's policy or strategy guided by market trends and customer needs instead of the firm's productive capacity or current products.”

47. ________ are external forces affecting organizations

A.

Technological forces

B.

Political forces

C.

Economic forces

D.

All of the above

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Answer & Solution Answer: Option D Solution: Technological forces, Political forces and Economic forces are external forces affecting organizations.

48. According to Sir Allen Shepherd what is the task of corporate leadership?

A.

To apply energy and judgement to the corporate culture to ensure its relevance

B.

To apply energy and judgement to the corporate culture to ensure its stability

C.

To apply energy and judgement to the corporate culture to ensure its continuity

D.

To apply energy and judgement to the corporate culture to ensure its productivity Answer & Solution Discuss in Board (https://www.examveda.com/according-to-sir-allen-shepherd-what-is-the-task-of-corporate-leadership-33401) Save for Later

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Answer: Option A Solution: According to Sir Allen Shepherd to apply energy and judgement to the corporate culture to ensure its relevance is the task of corporate leadership. Shepherd leadership is a matter of selfless service to subordinates. This service to others will require a commitment to serve without the potential of immediate recognition or reward. Shepherd leadership will require, at times, gently leading those in their charge, mentoring and sometimes teaching them along the way.

49. __________ is identifying opportunities and threats affecting their business

A.

Organizational analysis

B.

Environmental analysis

C.

Industry analysis

D.

Competitive analysis Answer & Solution

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Answer & Solution Answer: Option B Solution: Environmental analysis is identifying opportunities and threats affecting their business. Environmental analysis is a strategic tool. It is a process to identify all the external and internal elements, which can affect the organization's performance. The analysis entails assessing the level of threat or opportunity the factors might present.

50. According to Press (1990), what are the four discrete philosophies upon which an organization's culture can be based?

A.

The resource focus, the product focus, the shareholder focus and the people focus

B.

The product focus, the shareholder focus, the people focus and the market focus

C.

The resource focus, the shareholder focus, the people focus and the market focus

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Answer & Solution Answer: Option C Solution: According to Press (1990), The resource focus, the shareholder focus, the people focus and the market focus are the four discrete philosophies upon which an organization's culture can be based.

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