STRATEGIC MANAGEMENT – Multiple Answers

What is Statistical Quality Control(SQC)

Identifies quality and productivity from a production process , Identifies
impact of any change on performance , Instantly spots malfunctions and
show where they occur

The various areas covered by social responsibility are

Inner Circle , Intermediate circle , Outer Circle

Factors to be considered in political- legal environmental scanning are

govt. policies, stability, philosophy of govt. , legal system, implementation,
infrastructure , import-export

Three important managerial qualities required for the effective strategic

management
Conceptual, human & intellectual skills , Decision making ability , Vision

Attack strategies are

frontal attack , flank attack , encirclement attack

Merger takes place

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

Principles to manage strategic alliances are

clarity in strategy & responsibilities , blending cultures , provide for an exit
strategy

The Hallmarks for self-regulation are

Trust & fairness , Changed Management , Integrity & thoughtfulness
Your Answer Trust & fairness , Changed Management , Integrity & thoughtfulness

Factors to be considered while deciding candidates for divestiture are

taxes , availability of buyers , market reaction

An unhealthy portfolio has

More dogs , Few stars

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

The control process requires the following types of information

Planned performance , Variances , Reasons

Question Various phases of Growth are

Correct Answer Creativity , Delegation , Co-ordination

Different kinds of information systems are

Operational level system , Knowledge level system , Management level
system

The major issues of appraisal system are

Factors of appraisal , Relevance of apprasial , Procedure of appraisal
The reasons for acquisition are
Increased market power , Increased diversification , Increased speed to
Market

These following factors determine the desire of risk

Strategies , Resources

Critical resources in the emerging information age are

Information , Expertise , Intelligence

Factors determining HRP (Human Resource Planning )

Type & Strategy of organisation , Environmental uncertainties , Type &
quality of information

Competenncy models reveal three types of capabilities

Technical skills , Cognitive skills , Emotional Intelligence Quotient

These people are primarily responsible for operating control based on

budgeting, reporting and financial analysis
Company secretary , Auditor , Financial controller

market research is conducted by

by employees , by research agencies , by consultants

Harveststrategy is used for

Dogs , Question marks

A Company's strategy
Vital ingredient in determinig it's future , Yields growth, profits etc , may
result in disaster if inappropriate

How does 'structure' reduce external uncertainity arising out of human

behaviour
Research and planning , Forecasting

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.

Program is a combination of
goals , policies , procedures

They have time based utility

Correct Answer Goals , Resources

Measures to take corrective action

Checking performance , Reformulate strategies , Standard check

The culture of a company is conveyed through

Rites , Myths , Rituals

Limitations of Traditional cost accounting are

Assumes factory as an isolated entity , It measures only the cost of producing

Niche marketing means

end user specialist , specific customer specialist , geographic specialist

Macro environment
Political- legal , socio-cultural , economic-demographic

How does 'structure' reduce internal uncertainity arising out of human

behaviour
Control mechanism , Departmentalisation

supplier & technological environment is concerned with

quality & no. of suppliers , logistics , raw material , trends and rate of
change of technology

Business is rated on which dimensions

Market attractiveness , Business strength

Techniques used in environmental appraisal are

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

Criteria for making an evaluation are

Consistency with goals , Consistency with environment , Money

Organizational models are

multinational model , international model , global organizational model

Factors encouraging joint ventures are

uneconomical separate existence , risk of business gets shared , sharingcompetence
of each other

Core ideology
core values , core purpose

Three important managerial qualities required for the effective

strategic management
Vision , Conceptual, human & intellectual skills , Decision making
ability
A Company's strategy
Vital ingredient in determinig it's future , Yields growth, profits etc , may
result in disaster if inappropriate

Performance is affected by
Inappropriate structure , Wrong motivational styles , Distorted resource allocation

How does 'structure' reduce internal uncertainity arising out of human behaviour
Control mechanism , Departmentalisation

How does 'structure' reduce internal uncertainity arising out of human behaviour
Control mechanism , Departmentalization

Performance is affected by
Distorted resource allocation , Inappropriate structure , Wrong motivational
styles

Strategic management is mainly the responsibility of

Top Management

Organizational models are

international model , global organizational model , multinational model

Measures to take corrective action

Checking performance , Reformulate strategies , Standard check

Money is invested by way of

Debt , Equity

supplier & technological environment is concerned with

quality & no. of suppliers , logistics , raw material ,
trends and rate of change of technology

Question A Company's strategy

Correct Answer Vital ingredient in determinig it's future , Yields
growth, profits etc , may result in disaster if inappropriate

Correct Answer Distorted resource allocation , Inappropriate

structure , Wrong motivational styles

Question How does 'structure' reduce internal uncertainity arising out

of human behaviour

Business is rated on which dimensions

Market attractiveness , Business strength