Practice Test

Q1) ................... refers to the process of conducting research on a company and its operating environment to formulate a strategy. Show Answer

Q2) ..................is a process through which a strategy is put into action. Show Answer

Q3) Strategic implementation is - Show Answer

Q4) The critical 7 S model was developed and created by reputed consulting firm: Show Answer

Q5) ................ focuses on whether the strategy is being implemented as planned and the results produced are those intended Show Answer

Q6) Which of the following is NOT one 'S' as per McKinsey 7-S framework? Show Answer

Q7) ................................means crafting a combination of strategies and picking out the best one to achieve the organizational goals and objectives and thereby reaching the vision of the organization. Show Answer

Q8) The way the organization is structured and who reports to whom Show Answer

Q9) Strategy implementation focuses on - Show Answer

Q10) The plan devised to maintain and build competitive advantage over the competition - Show Answer

Q11) Which of the following is NOT included in McKinsey 7 S framework? Show Answer

Q12) Strategy formulation is primarily - Show Answer

Q13) McKinsey’s 7S framework helps analyze organizations and improve their effectiveness. The seven elements to be coordinated are: shared values, structure, systems, style and what? Show Answer

Q14) What does SBU stand for? Show Answer

Q15) Strategy formulation requires - Show Answer

Q16) Maria is the Marketing Manager for Wholefoods Ltd. She is working on the firm’s marketing plan. Her forecasts show that, if they carry on as they have been doing, they are likely to miss their sales revenue targets by Rs.5,00,000, She needs some new ideas. What kind of analysis has Maria undertaken? Show Answer

Q17) Which of the following is Hard 'S' as per McKinsey Model? Show Answer

Q18) Which of the following is correct statement? Show Answer

Q19) An important activity in ................... is taking
corrective action.
Show Answer

Q20) Which of the following is Soft ‘S’ as per McKinsey Model? Show Answer

Q21) ................ are at the core of McKinsey 7s model. Show Answer

Q22) The emphasis on product design is very high, the intensity of competition is low, and the market growth rate is low in the ................... stage of the industry life cycle. Show Answer

Q23) Which of the following is benefit of McKinsey’s 7-S Framework Model? Show Answer

Q24) Change in culture, attitude, and mindset calls for: Show Answer

Q25) Vertical integration may be beneficial when: Show Answer

Q26) ................. is the process of stimulating an activity so that it can be performed successfully. Show Answer

Q27) Which types of problem is encountered in the process of resource allocation while activating the strategy? Show Answer

Q28) When to organizations combine to increase their strength and financial gains along with breaking the trade barriers is called - Show Answer

Q29) ................... . e.g., production, selling, finance, etc., is the most widely used basis for grouping activities into administrative units and found in almost every business enterprise at some level or the other. Show Answer

Q30) The functional structure would be found in which type of business? Show Answer

Q31) Financial obj ectives involve all of the following except: Show Answer

Q32) In a matrix organization, the functional departments like manufacturing, marketing, accounting and personnel constitute the.............. while the project organization or product divisions form the ............. Show Answer

Q33) ................................ is defined as a set of assumptions, beliefs, values and norms which are shared by people and groups in the organization and control the way they interact with each other and with stakeholder outside the organization Show Answer

Q34) Strategic leadership facilitates strategy execution through - Show Answer

Q35) Specialization is a feature of which organizational structure? Show Answer

Q36) What is a strategic alliance? Show Answer

Q37) Select true statement. Show Answer

Q38) ..............involves general monitoring of various sources of information to uncover unanticipated information having a bearing on the organizational strategy. Show Answer

Q39) ................ may be defined as a variation in the established way of life to which people are accustomed to in the organization. Show Answer

Q40) Overt, implicit, immediate or deferred such words are used in relation to - Show Answer

Q41) Transformational change in an organization refers to - Show Answer

Q42) What do we mean by the term ‘strategic change? Show Answer

Q43) ..................is basically the ability to persuade others to achieve the defined objectives willingly and enthusiastically. Show Answer

Q44) What are the major procedural requirements involved in the strategy implementation process? Show Answer

Q45) Strategies may require changes in - Show Answer

Q46) Strategy implementation is a process through which a strategy is put into Show Answer

Q47) Strategy implementation is a process through which a .....................is put into action. Show Answer

Q48) Are only 'means' to an 'end'? Show Answer

Q49) Strategic formulation is largely an .....................process. Show Answer

Q50) Strategic implementation is more of .....................nature. Show Answer

Q51) To create a fit between the company goals and its other activities is major task of Show Answer

Q52) Types of fits to be created are Show Answer

Q53) .....................constitute important steps in the process of strategic management. Show Answer

Q54) The two inter-related tasks involved in the process are Show Answer

Q55) Strategy formulation requires .....................skills. Show Answer

Q56) Strategy implementation requires .....................skills in motivating and managing others. Show Answer

Q57) Strategy formulation occurs primarily at the .....................level of an organization. Show Answer

Q58) Strategy implementation permeates .....................levels. Show Answer

Q59) Strategy formulation and implementation are Show Answer

Q60) The two types of linkages between strategy formulation and implementation are Show Answer

Q61) Strategy formulation has .....................linkage with implementation. Show Answer

Q62) Strategy .....................is dependent upon Show Answer

Q63) Factors supporting an effective implementation of strategy in an organization include Show Answer

Q64) Monitoring and Controlling is justified on the following grounds Show Answer

Q65) Rearrange the steps to be taken to set functional area goals:
A. Set new goal levels (values for each functional area's variables).
B. For each functional area, compare present functional goals with new enterprise, corporate and business level goals.
C. Decide what new goal areas (functional variables) are needed for each function. Show Answer

Q66) Issues in the process of Strategy Implementation include Show Answer

Q67) Issues in the process of Strategy Implementation include Show Answer

Q68) Issues in the process of Strategy Implementation include Show Answer

Q69) Rearrange the Phases of a project:
A. Projects are identified and arranged according to the priority and after the screening, the viable projects are taken up and feasibility studies are conducted.
B. Detailed planning related to different aspects of projects such as infrastructure design, schedules, budgets etc., has to be completed.
C. Detailed engineering, awarding contracts, civil and other types of construction etc., are to be undertaken during the implementation phase leading to the testing trail and commissioning of the plant.
D. Ideas generated during the process of strategic alternatives and choice consideration form the core of the future projects that may be undertaken by the organization.
E. Disbanding the project. Show Answer

Q70) Who developed the 7-S framework management model? Show Answer

Q71) 7-S includes Show Answer

Q72) Strategy Show Answer

Q73) Organizational structure performs the following functions Show Answer

Q74) Advantages of McWinsey's 7-S Framework Model include Show Answer

Q75) The process of stimulating an activity so that it can be performed successfully is Show Answer

Q76) Institutionalization of strategy involves the following elements Show Answer

Q77) Action plans Show Answer

Q78) Translation of general objectives in the specific and operative objectives require Show Answer

Q79) Financial resources are the means by which an organization produces Show Answer

Q80) .....................involves procurement of resources which may be required to implement a strategy. Show Answer

Q81) A .....................determines what type of resources will be required. Show Answer

Q82) .....................determines what type of strategy will be selected. Show Answer

Q83) Problems encountered in the process of resource allocation include Show Answer

Q84) .....................is a pattern in which the various parts of the organization are interrelated or interconnected. Show Answer

Q85) The aspects of organization design are Show Answer

Q86) Structure of an organization can influence the process of strategy Show Answer

Q87) The basic forms of organization structures available for large organizations are Show Answer

Q88) The limitations of functional form of organization structure include Show Answer

Q89) In divisional structure Show Answer

Q90) Advantage of Divisional structure involve Show Answer

Q91) Advantages of Divisional structure involves all except Show Answer

Q92) Divisional structure results in increase Show Answer

Q93) A matrix organization structure offers Show Answer

Q94) A matrix organization structure results in Show Answer

Q95) ..................... model is based on the premise that the organization is an open system. Show Answer

Q96) Following are the major procedural requirements involved in the strategy implementation process Show Answer

Q97) The elements which define the culture of an organization Show Answer

Q98) The major organizational systems are Show Answer

Q99) The techniques followed for strategic control are Show Answer

Q100) The techniques used for exercising strategic leap control Show Answer

Q101) The kinds of strategic changes that most of the companies pursue Show Answer

Q102) .....................is the redesign of the business processes and the associated systems and organizational structures to achieve a dramatic improvement in business performance. Show Answer

Q103) .....................is the process that strategic management use to implement strategic change to improve the performance. Show Answer

Q104) Restructuring and downsizing becomes necessary due to Show Answer

Q105) Overcoming resistance to change can be managed through Show Answer

Q106) .....................is the imposition of change or the issuing of directives about change. Show Answer

Q107) Types of leadership are Show Answer

Q108) Lewin propounded three key leadership styles Show Answer

Q109) Who gave the six key types of modern leadership? Show Answer

Q110) Who wrote Primal Leadership? Show Answer

Q111) Rearrange the Control Process:
A. Measuring Actual Performance.
B. Analyzing Variance.
C. Setting Performance Standards.
D. Re-enforcement of Corrective Action.
E. Comparison of Actual Performance against Standards. Show Answer

Q112) ___ means influencing others to act towards the attainment of a goal. Show Answer

Q113) Any influence that brings out, directs or maintain goal oriented behaviour : Show Answer

Q114) The transfer of information and understanding from one person to other through words, symbols and gestures : Show Answer

Q115) The management function that is concerned with monitoring employees activities, keeping the organisation in track towards its goal and making connections as required : Show Answer

Q116) Which of the following is the skill of an effective leader ? Show Answer

Q117) Which of the following is the level of management ? Show Answer

Q118) Manager who are responsible for the overall direction and operation of an organisation : Show Answer

Q119) Manager who receive broad, overall strategies and policies from top manager and translate them into specific goals and plan for first line manager to implement Show Answer

Q120) Manager for the production for Goods and Services : Show Answer

Q121) A line of demarcation between various managerial positions is called : Show Answer

Q122) ___ is largely an intellectual process Show Answer

Q123) ___ is largely an operational process Show Answer

Q124) Strategy formulation requires : Conceptual skills, integrative skills and Analytical skills Show Answer

Q125) According to 7-S Framework, the term ___ refers to the way organisation introduce young recruits into the main streams of their activity and the manner in which they manage their careers as the new entrants develop into future managers. Show Answer

Q126) A trade union initiates the actions for putting a strategy into operation. Show Answer

Q127) An organization is not confronted with issues in the process of strategy implementation. Show Answer