Revision Strategic Management

Chapter 1
1. Kamal, a new joiner in the Corporate Strategy Function is keen to understand

the key objectives of strategic management process. Please help him to select the
appropriate objective?
A. Locking the organization’s potential and resources
B. Align organizations vision with external world
C. Create short term value for the shareholders
D. Create conflict between the internal and external business environment
2. Which of the following is not a step in strategic management process?

A. Environmental analysis
B. PEST Control
C. Strategy formulation
D. Execution
3. Aman is working on development of strategy post the slow down period.

Which of the following is least likely to lead the organization to respond to ever-
changing external situations?
A. Build capabilities to compete is fast changing environment
B. Increase in the costs
C. Building of healthy and lean balance sheets
D. Formulate risk management strategies
4. Ganesh, a new joiner in Corporate Strategy department of BVT Limited, is

studying the evolution of strategic management process and would like to
understand the variety of frameworks. Assist Ganesh in identifying the least likely
framework from the following?
A. Industry Organisation theory
B. Industry Labour theory
C. Resource based theory
D. Contingency theory
5. Which of the following is a strategic management approach which propagates
that one size fits all?
A. Prescriptive
B. Descriptive
C. Assertive
D. Positive
6. Which of the following is least likely to be the benefits of strategic

management in an organization?
A. Building a vision for its future
B. Formulation of mission and strategy to achieve the vision
C. Drawing road map for business development
D. Always beat the competition and increase market share to 100%
7. Which of the following areas will be least likely to be helpful to people with
respect to the strategic management process?
A. Understanding the vision of organization
B. Know what the organization will fall for
C. What is organisation’s strategy
D. The road map for development and business growth
8. After conducting SWOT analysis, which of the following is most likely area
where the organization can derive benefit?
A. Adoption of suitable strategies t address the market opportunities
B. Ward off the threats pose by the external environment
C. Both 1 and 2
D. None of the above
9. BGT Limited is an organization with high discipline of compliance and

governance of the strategic management process. Which of the following benefits,
BGT is least likely to derive?
A. Manage risks well
B. Minimize the impact
C. Sustain performance over the long term
D. Sustain and build performance over a short term only
10. Which of the following is least likely to have helped Indian companies to
build capabilities and credentials in order to compete in the global market place?
A. Robust strategic management process
B. Free economics
C. Restrictive foreign investment policies
D. Open market conditions
Chapter 2
1. Aman, Head of Strategy at GTH Limited, has clearly defined its industry and
also aptly drew its industry lines. What will be potential benefit Aman is least likely
will derive?
A. Identification of competition
B. Evaluate competition strategies better
C. Beat the competition fully and become a monopolistic company
D. Make suitable changes in strategy to align with industry
2. Which of the following is not likely to be witnessed during the introduction

stage of an industry?
A. Demand for industry’s products is generally low
B. Service awareness is matured
C. Buyers tend to take risks and experiment with products
D. Many are first time buyers
3. GTF Cycles Limited, a bi-cycle manufacturing company is facing a business

decline on account automobile industry gaining popularity. Which of the following
factors is most likely to result into rejuvenation of GTF cycles?
A. Economic downturn
B. Awareness about health and physical fitness in society
C. Increased prices of rubber
D. Merger with car manufacturer
4. ____________ are ones who create a unique market place for their products
and services which meet specialized or customized requirements of a market
segment.
A. Challengers
B. Leaders
C. Niche players
D. Visionaries
5. Sheetal, a student of Management is studying the Five Competitive Forces

Model propagated by Michael Porter on which the industry’s overall profitability
depends. Which of the following is least likely to be part of the Porter’s model?
A. The intensity of rivalry among the incumbent firms
B. Impact of natural disaster
C. The threat of substitute products and services
D. Bargaining power of the buyers
6. Which of the following reason is most likely to lead increase the diversity of
competitors after entry of a foreign player in the market?
A. Differences in culture
B. Name of the foreign player
C. Different business goals
D. Means of competition and marketing strategy differences
7. The Porter’s five competitive forces model is based on the assumption of the
resources-based perspective as opposed to industry organization perspective on
strategy.
A. True
B. False
8. Sameer, Head of Strategy is evaluating the dynamics of pricing for its
consumer product. Which of the following steps is least likely to help Sameer?
A. Evaluation of customer behaviour on visits to websites
B. Assessment of customer buying patterns
C. Price comparisons of other competitors
D. Evaluation of products existing in 10 years prior
9. Which of the following is least likely to be an entry barrier for the company to
enter a particular industry?
A. Economies of scale
B. Liberal government policy
C. Brand identity
D. Product differentiation
Chapter 3
1. Which of the following is most likely to be macro environmental force
affecting the organization’s strategy?
A. Political and legal forces
B. Economic forces
C. Social forces
D. All of the above
2. Which of the following dimension did Tata Nano (small car) dealt with when it
launched the car for first time buyers of cars or a small family aspiring to transition
from two-wheeler-based transport to a mini car?
A. Regulatory
B. Social
C. Technological
D. Demographic
3. Ketan, Functional Head at FTG Strategy Consultants is evaluating the impact of
the geo-political forces on the strategy of different industries. Which of the
following is least likely to fall under his purview?
A. Political tension between India and China
B. Threats of nuclear warfare by North Korea
C. Tsunami at Japan
D. Alleged chemical weapons with Syria
4. In which of the following situations there will be inherent disinflationary

pressures acting on the economy as the high prices have already hurt the
economic growth?
A. High Growth and High Inflation
B. Low Growth and High Inflation
C. High Growth and Low Inflation
D. Low Growth and Low inflation
5. Which of the following is least likely to be a utility of Customer Relationship

application?
A. Maintain the customer related data and information
B. Works to ensure that customer is churned out at the earliest
C. Capture real-time customer transactions
D. Assists capturing the customer needs, anticipate requirements
6. SMAC in the background of internet of things stands for __________

A. Social Media, Mobility, Analytics and Cloud
B. Society, Ministry, Agriculture and Computers
C. Super Method of Achieving Competence
D. None of the above
7. Chintan, Strategy manager is facing a difficulty in maintaining objectivity in the

process of evaluation of external information. Which of the following is most likely
to be his limitation?
A. Selective perception from his perspective
B. Broader consideration of factors
C. Ability to evaluate factors as it is without clouding
D. Seeking opinion of other to get a holistic perspective
Chapter 4
1. Sameer, CEO of HTG Limited is confused the hierarchical order of vision,
mission, and other performance parameters for the organization. Help him
identify the correct order from top to bottom for formulation of the broad
parameters?
A. Objectives, Strategy, Mission, Values, Goals
B. Vision, Strategy, Objectives, Goals, Targets
C. Strategy, Mission, objectives, Goals
D. Targets, Strategy, objectives, goals
2. Which of the following is least likely to be pre-requisite purpose of mission

statement?
A. Defines the organizations’ purpose and primary objectives
B. Prime fluctuation is internal
C. Prime audience is the leadership team and stockholders
D. Short term in nature
3. Kiran, CEO of GTF Limited is of the view that there is no definitive answer
about what strategy really is. Which of the following is most likely to be reason for
such a view?
A. Strategy studies by business leaders for year
B. Strategies evaluated by business theorists
C. People think about strategy in different ways
D. Strategy is important step for the management to achieve its goals
4. Which of the following is most likely to be challenging task in terms of

reconciling the differences objectives of different stakeholders?
A. Meeting the profit targets
B. Balancing objectives of various stakeholders
C. Securing a large customer order
D. Purchase of fixed asset
5. In which of the following cases a business organization is most likely need to

establish operations in other countries?
A. Whims and fancies of CEO
B. On advice of a management consultant
C. Substantial portion of income is derived from the other country
D. On insistence of Board of Directors
6. ___________________ is an inter-linkage of organization’s mission and its

international involvement.
A. Unique advantage
B. Comparative advantage
C. Production advantage
D. Disadvantage
Chapter 5
1. Which of the following is most likely to assume highest importance in creating
strategy and defining leadership in the industry both locally as well as globally?
A. Functional Strategy
B. Divisional Strategy
C. Corporate Strategy
D. Unit Strategy
2. GTR Limited is looking for diversification into various businesses and sectors.
Which of the following aspects GTR is least likely to incorporate in the process?
A. Analyse entire market landscape
B. Business capable of eroding shareholders wealth
C. Identification of right fit complementing core business
D. Business that has potential to raise combined value
3. Which of the following are the various ways in which an organization can
pursue growth?
A. Semi-Organic
B. Organic and Inorganic
C. Allergic
D. Semi-Inorganic
4. ABC Limited is keen to acquire a business in an unrelated industry to reduce

the cyclical fluctuations in its revenues or cash flows. Which of the following
strategy will be most suitable for ABC Limited?
A. Horizontal integration
B. Vertical integration
C. Conglomerate diversification
D. Merger with competition
5. In which of the following type of corporate strategy a firm combines with

another firm through an exchange of stock?
A. Horizontal integration
B. Vertical integration
C. Merger and Acquisition
D. Conglomerate diversification
6. Which of the following is least likely to be reason for adopting a stability

strategy?
A. Economic progress and boom
B. Company wants to acquire business with less risk
C. Cost associate with growth may exceed potential business benefits
D. Organization has constraints on resources
7. The aim of the disinvestment strategy of a company is least likely to be aimed

at ______________
A. Completely spin off the business
B. Sell the unit and distribute bonus to the top management
C. Liquidate or revive the business
D. Seek expertise of partner to rejuvenate the prospects
9. For Global expansion international joint ventures, a form of strategic alliance

involving cooperative agreements may be desirable even when resources for
direct investment are available.
A. True
B. False

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Chapter 1

1. Kamal, a new joiner in the Corporate Strategy Function is keen to understand

2. Which of the following is not a step in strategic management process?

3. Aman is working on development of strategy post the slow down period.

4. Ganesh, a new joiner in Corporate Strategy department of BVT Limited, is

6. Which of the following is least likely to be the benefits of strategic

9. BGT Limited is an organization with high discipline of compliance and

2. Which of the following is not likely to be witnessed during the introduction

3. GTF Cycles Limited, a bi-cycle manufacturing company is facing a business

5. Sheetal, a student of Management is studying the Five Competitive Forces

4. In which of the following situations there will be inherent disinflationary

5. Which of the following is least likely to be a utility of Customer Relationship

6. SMAC in the background of internet of things stands for __________

7. Chintan, Strategy manager is facing a difficulty in maintaining objectivity in the

2. Which of the following is least likely to be pre-requisite purpose of mission

4. Which of the following is most likely to be challenging task in terms of

5. In which of the following cases a business organization is most likely need to

6. ___________________ is an inter-linkage of organization’s mission and its

4. ABC Limited is keen to acquire a business in an unrelated industry to reduce

5. In which of the following type of corporate strategy a firm combines with

6. Which of the following is least likely to be reason for adopting a stability

7. The aim of the disinvestment strategy of a company is least likely to be aimed

9. For Global expansion international joint ventures, a form of strategic alliance

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