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Thread: mgt603 Strategic Management mid term paper may 2011

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    Spring 2009
    MGT603- Strategic Management (Session - 1)
    Question No: 1 ( Marks: 1 ) - Please choose one
    Various job titles of a strategist may include all of the following EXCEPT:
    ► Owner
    ► Foreman
    ► Chancellor
    ► Chief executive officer
    Question No: 2 ( Marks: 1 ) - Please choose one
    According to ‘Peter Drucker’, what is the prime task of strategic management?
    ► To develop the vision of the business
    ► Effectively evaluate the strategies
    ► To think through the overall mission of a business
    ► Develop alternative set of strategies
    Question No: 3 ( Marks: 1 ) - Please choose one
    Strategist is an individual who is involved in the strategic management process, thus may
    be known as:
    ► Member board of director
    ► President
    ► Division manager
    ► All of the given options
    Question No: 4 ( Marks: 1 ) - Please choose one
    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
    External opportunities and external threats refer to economic, social, cultural,
    strategic management.html
    Question No: 5 ( Marks: 1 ) - Please choose one
    The S & T Organization has an established "game plan" for its business operations.
    This game plan reflects the company's awareness of how and where it should
    compete and against whom the competition should take place. It can be stated that this
    organization has an established
    ► Goal
    ► Formality
    ► Policy
    ► Strategy
    Question No: 6 ( Marks: 1 ) - Please choose one
    Identify the term that is known as a “mean of providing guidance to actions and
    procedures, including how resources are to be allocated and how tasks assigned to the
    organization might be accomplished”.
    ► Policies
    ► Objectives
    ► Aspirations
    ► Goals
    (page 10) Policies include guidelines, rules, and procedures established to support efforts to
    achieve stated objectives.
    Question No: 7 ( Marks: 1 ) - Please choose one
    All of the following statements are true about a firm’s mission statement EXCEPT:
    ► A mission statement directly contributes positively to financial performance (not
    sure )
    ► A mission statement does not directly contribute positively to financial performance
    ► A mission statement should not provide useful criteria for selecting among alternative
    ► Primary reason to develop a mission statement is not to attract the customers
    Question No: 8 ( Marks: 1 ) - Please choose one
    All of the following external forces directly

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