MGT603 Strategic Management Spring 2009 Final Term Paper

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FINALTERM EXAMINATION
Spring 2009
MGT603- Strategic Management

Marks: 81

Question No: 1 ( Marks: 1 ) - Please choose one
Strategic management integrates all of the following areas EXCEPT:

• Management
• Marketing
• Research and development
• Human resource management

Question No: 2 ( 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: 3 ( Marks: 1 ) - Please choose one
A desired future state that the organization attempts to realize . Identify the term
relevant to the given statement.

• Policy
• Procedure
• Goal
• Strategy

Question No: 4 ( Marks: 1 ) - Please choose one
Which of the following business actions is NOT
considered to be unethical?

• Poor product or service safety
• Using non-union labor in a union shop
• Misleading advertising
• Too expensive products

Question No: 5 ( Marks: 1 ) - Please choose one
Which type of trend can be exemplified by the increase in average level of education
in a society?

• Cultural
• Technological
• Economic
• Social

Question No: 6 ( Marks: 1 ) - Please choose one
Allocation and reallocation of capital and resources to projects, products, assets,
and divisions of an organization is known as:

• Investment decisions
• Financing decisions
• Restructuring decisions
• Strategic decision

Question No: 7 ( Marks: 1 ) - Please choose one
All of the following fall under the category of Process function of production
management EXCEPT:

• Choice of technology
• Quality assurance
• Process flow analysis
• Transportation analysis

Question No: 8 ( Marks: 1 ) - Please choose one
A planned activity aimed at discovery of new knowledge with the hope of developing
new or improved products and services and translation of its findings into a plan or
design of new or improved products and services is known as:

• Marketing
• Research and development
• Production
• Management information system

Question No: 9 ( Marks: 1 ) - Please choose one
________________ become/s information only when it/they is/are evaluated, filtered,
condensed, analyzed and organized for a specific purpose, problem, individual, or
time.

• Material
• Data
• Competitive advantages
• Competitor analysis

Question No: 10 ( Marks: 1 ) - Please choose one
The Web sites that sell products directly to the consumers are the examples of which
type of strategy?

• Backward integration
• Product development
• Forward integration
• Horizontal integration

Question No: 11 ( Marks: 1 ) - Please choose one
The extent to which a business concentrates on a narrowly defined market is best
referred to as:

• Niche strategy
• Cost leadership strategy
• Differentiation strategy
• Segmentation

Question No: 12 ( Marks: 1 ) - Please choose one
Under which of the following conditions, Concentric Diversification would be
particularly an effective strategy to pursue?

• When an organization has grown so large so quickly that major internal reorganization is needed
• When sales of current products would increase intensively by adding the new related products
• When revenues from current products/services would increase significantly by adding the new unrelated products
• When current products are in maturity stage of the product life cycle

Question No: 13 ( Marks: 1 ) - Please choose one
Which of the following stages in the strategy-formulation framework focuses on summarizing the basic information needed to
formulate strategies?

• Output
• Input
• Decision
• Matching

Question No: 14 ( Marks: 1 ) - Please choose one
Which of the following stages of Strategy Formulation Framework involves
development of Internal-Factor Evaluation Matrix?

• Input stage
• Output stage
• Matching stage
• Decision stage

Question No: 15 ( Marks: 1 ) - Please choose one
Which of the following stages of strategy formulation framework involves
development of Internal External Matrix?

• Input stage
• Output stage
• Matching stage
• Decision stage

Question No: 16 ( Marks: 1 ) - Please choose one
In order to avoid the emergence of substitute products, AF & Z Corporation has an
access and control over the scarce natural resources necessary for the production of
their products, Which of the following strategies AF & Z is using?

• SO
• WO
• SW
• ST

Question No: 17 ( Marks: 1 ) - Please choose one
What type of strategies would you recommend when a firm s SPACE Matrix
directional vector has the coordinates (-2, +3)?
Aggressive

• Conservative
• Competitive
• Defensive

Question No: 18 ( Marks: 1 ) - Please choose one
Which of the following is NOT
a step for the preparation of a SPACE matrix?

• Select a set of variables to relating to financial strength, competitive advantage, environmental stability, and industry strength
• Assign a numerical value ranging from +1 (worst) to +6 (best) to each of the variables that make up the financial strength and industry strength dimensions
• Assign weights to the variables according to their relative importance for the firm
• Compute an average score and dividing by the number of variables

Question No: 19 ( Marks: 1 ) - Please choose one
The business has a strong competitive position but is in a slow-growth industry.
Further, the business typically has high cash flow levels and limited internal growth
needs. The statement refers which of the following?

• The firm falling in Quadrant I of Grand Strategy Matrix
• The firm falling in Quadrant II of Grand Strategy Matrix
• The firm falling in Quadrant III of Grand Strategy Matrix
• The firm falling in Quadrant IV of Grand Strategy Matrix

Question No: 20 ( Marks: 1 ) - Please choose one
What is the product of weights and attractiveness scores for each strategy in
QSPM?

• Sum total attractiveness scores
• Total attractiveness scores
• Weighted scores
• Total weighted scores

Question No: 21 ( Marks: 1 ) - Please choose one
Which of the following is a Functional level objective?

• Achieving return on investment of at least 15%
• Aiming to achieve a market share of 10%
• Attaining operating profit of over Rs.10 million
• Increase earnings per share by at least 10% every

Question No: 22 ( Marks: 1 ) - Please choose one
Which of the following is a Corporate level objective?

• Getting 75% customer awareness of company s brand in target markets
• Increasing earnings per share by at least 10%
• Building customer database of at least 250,000 companies
• Achieving a 10% share of International market

Question No: 23 ( Marks: 1 ) - Please choose one
The manager of MZ firm has defined the goal that the firm wants to increase its
production by at least 200 units in size. Thus, which part of the SMART criteria has
been focused by the firm through this goal statement?

• Specific
• Measurable
• Achievable
• Relevant

Question No: 24 ( Marks: 1 ) - Please choose one
Mr. Ali, the operations manager of ABC Company did not agree with the proposal of
marketing manager - Mr. Zeeshan at the meeting regarding launch of a new product.
There was an exchange of hot word among them. The matter was referred to CEO, so
that the conflict could be resolved, but the CEO did not take any action in the hope
that the conflict will resolve itself. The statement describes which of the conflict
resolution mood?

• Avoidance
• Compliance
• Diffusion
• Confrontation

Question No: 25 ( Marks: 1 ) - Please choose one
Ahmad fisheries is going to arrange a meeting with AH& T distributors so that the
matters regarding wrong delivery by AH & T and conflict arising from it can be
settled. Which of the following conflict resolving approach is followed in the situation?

• Avoidance
• Confrontation
• Resistance
• Diffusion

Question No: 26 ( Marks: 1 ) - Please choose one
Why do changes in company strategy often require changes in the way an organization
is structured?

• Because structure depicts how goals will be established
• Because structure dictates how authorities will be delegated
• Because structure dictates how resources will be obtained
• Because structure dictates how financial resources are spent

Question No: 27 ( Marks: 1 ) - Please choose one
Which one of the following is the organizational structure that most of the mediumsize
organizations follow?

• Divisional structure
• Strategic business unit
• Functional structure
• Matrix structure

Question No: 28 ( Marks: 1 ) - Please choose one
Of the following, which one is least likely to be considered an advantage presented by a
matrix organizational structure?

• It facilitates the use of highly specialized staff and equipment
• It minimizes the project cost because the key people can be shared
• It can raise dual reporting and communication problems
• It provides excellent training ground for strategic managers

Question No: 29 ( Marks: 1 ) - Please choose one
Zairian Corporation has streamlined its operations by cutting costs, such as decrease
in payroll or reduction in its size through the sale of assets. In which of the following
activity Zaria Corporation is involved?

• E-Engineering
• Re-engineering
• Restructuring
• Benchmarking

Question No: 30 ( Marks: 1 ) - Please choose one
Which of these is not one of the tests used to determine whether a performance-pay
plan will benefit an organization?

• Do employees understand the plan?
• Is the plan improving communications?
• Does the plan pay out when it should?
• Does the plan reduce management layers?

Question No: 31 ( Marks: 1 ) - Please choose one
All of the following are the managerial issues for managing natural environment
EXCEPT:

• Global warming- depletion of rain forests
• Employee understanding about environment
• Developing biodegradable products and packages
• Waste management to clean air and water

Question No: 32 ( Marks: 1 ) - Please choose one
Production processes typically constitute of what percentage of firm s total assets?

• More than 70 %
• More than 65 %
• More than 60 %
• More than 55 %

Question No: 33 ( Marks: 1 ) - Please choose one
Which one of the following is TRUE
about two different market segments?

• They can be served with the same marketing strategy
• They usually require different marketing strategies
• They are always in different geographic locations
• There is heterogeneity within the segment in its needs

Question No: 34 ( Marks: 1 ) - Please choose one
XYZ Company has segmented its market by keeping in view occupation and
education level of customers. Which of the following bases of segmentation the
company has used?

• Demographic
• Psychographic
• Behavioral
• Geographic

Question No: 35 ( Marks: 1 ) - Please choose one
Which variable would be considered as a part of pricing decisions?

• Warranty
• Bundling
• Safety
• Functionality

Question No: 36 ( Marks: 1 ) - Please choose one
Which of the following statement is TRUE
about 'firm infrastructure' as a support
activity of Michael Porter's value chain model?

• It includes procurement of raw materials, servicing, spare parts, buildings, machines
• It Includes technology development to support the value chain activities like Process automation
• It includes the activities associated with recruiting and development of employees and managers
• It includes general management, planning management, legal, finance, accounting, public affairs

Question No: 37 ( Marks: 1 ) - Please choose one
Which of the following statement is correct about human resource management?

• It includes procurement of raw materials, servicing, spare parts, buildings, machines
• It Includes technology development to support the value chain activities like Process automation
• It includes the activities associated with recruiting and development of employees and managers
• It includes general management, planning management, legal, finance, accounting, public affairs

Question No: 38 ( Marks: 1 ) - Please choose one
All of the following are the cost drivers of Porter s supply chain activities EXCEPT:

• Capacity utilization
• Timing of market entry
• Economies of scale
• Firm's infrastructure

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Question No: 39 ( Marks: 1 ) - Please choose one
Which one of the following is NOT
considered as a difficulty in evaluation of
strategies?

• Increase in environment s complexity
• Difficulty predicting future with accuracy
• Decreasing number of variables
• Rate of obsolescence of plans

Question No: 40 ( Marks: 1 ) - Please choose one
Which of the following statement is TRUE
about Controls which are used in
strategy evaluation stage?

• They are strategy-oriented
• They are action-oriented
• They are control-oriented
• They are information-oriented

Question No: 41 ( Marks: 1 ) - Please choose one
A good evaluation system must posses various qualities. Which of the following is
not a characteristic of a good strategy evaluation system?

• Strategy-evaluation activities must be economical
• Strategy-evaluation activities should be meaningful
• Strategy-evaluation activities should dominate the decisions
• Strategy-evaluation activities should provide timely information

Question No: 42 ( Marks: 1 ) - Please choose one
The people who perform audit can be categorized as all of the following EXCEPT:

• Independent auditors
• Financial auditors
• Government auditors
• Internal auditors

Question No: 43 ( Marks: 3 )
If you construct a SPACE Matrix and the directional vector points to the lower left
quadrant, what type of strategies would you recommend?

Question No: 44 ( Marks: 3 )
Define Functional level objectives. Provide at least two statements exemplifying such
objectives.

Question No: 45 ( Marks: 3 )
Auditors who perform audit can be divided into three groups? Identify and define
each of them.

Question No: 46 ( Marks: 5 )
Identify the five steps that must be followed while developing an IE Matrix.

Question No: 47 ( Marks: 5 )
Positioning is actually the way that a product is introduced to its market audience.
What are the five steps required for effective product positioning?

Question No: 48 ( Marks: 10 )
You are the business executive of Omar textiles Mills. You are asked to evaluate the
strengths, weaknesses, opportunities and threats of the firm and develop altogether
different strategies by using different combinations of any two of these.

Question No: 49 ( Marks: 10 )
Quantitative Strategic Planning Matrix (QSPM) is a high-level strategic
management approach for evaluating possible strategies. You are required to
prepare a (QSPM) of XYZ Manufacturing Company for evaluating any two
strategies?