mgt603 Strategic Management mid term paper may 2011

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MIDTERM EXAMINATION
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
strategies
► 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