41. Which of the following statements best
defines “stage 1” of the strategy formulation framework?
► It summarizes the basic input information
needed to formulate strategies p;
97
► It focuses on generating feasible alternative strategies
► It involves a single technique
► It is based on assumptions
42. What type of strategies would you
recommend when a firm’s SPACE
Matrix directional vector has the coordinates
(+1, +5)?
► Aggressive p; 100
► Conservative
► Competitive
► Defensive
43. “Establishing annual objectives” refers to
which of the following
activities?
► It is a top-level activity
► It is a centralized activity
► It is a decentralized activity p; 114
► It is a centralized-decentralized activity
44. Which pay strategy is Not a form of
incentive compensation?
► Bonus system
► Hourly wage p; 123
► Gain sharing
► Profit sharing
45. Which of the following is NOT a rule of
thumb when using product
positioning as a strategy-implementation tool?
► “Don’t squat between segments”
► “Look for the hole or vacant niche”
► “Try to serve more than one segment with the
same strategy”
► “Don’t position yourself in the middle of the map”
2. Don't squat between segments
3. Don't serve two segments
with same strategy
4. Don't position yourself in the middle of the map
46. Identify which of the following are mostly
based on a firm's internal
assessment according to Richard Rumelt.
► Consistency and consonance
► Consonance and advantage
► Advantage and feasibility
► Feasibility and consistency
According to Rumelt, consistency and feasibility are largely based
on a firm’s
internal assessment.
47. Which of the following statements is TRUE
if success for one
organizational department means failure for
another department?
► Strategies may be synergistic
► Strategies may be advantageous
► Strategies may be inconsonant
► Strategies may be inconsistent
48. All of the following are the qualitative
questions for evaluating strategies
identified by Seymour
► Is the strategy internally consistent?
► Is the strategy having an appropriate return
on investment?
► Is the strategy consistent with the environment?
► Is the strategy appropriate in view of available resources?
evaluating strategies:
1. Is the strategy internally consistent?
2. Is the strategy consistent with the environment?
3. Is the strategy appropriate in view of available resources?
4. Does the strategy involve an acceptable degree of risk?
5. Does the strategy have an appropriate time framework?
6. Is the strategy workable?
49. Which of the following is often considered
the first step in strategic
planning?
► Devising a mission statement
► Developing a vision statement M. File
► Setting annual objectives
► Formulating set of strategies
50. External opportunities and threats that
can significantly benefit or harm an
organization may include all of the following
except:
► Demographics
► Competitive trends
► Technological changes
► Research and development M. File
Ref: External opportunities and external threats refer to economic, social, cultural,
demographic, environmental, political, legal, governmental, technological,
and
competitive trends and events that could significantly benefit or
harm an
organization in the future.
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