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Strategic Management

Last Update May 16, 2024
Total Questions : 280

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P3 Total Questions : 339 Updated : May 16, 2024
F3 Total Questions : 435 Updated : May 16, 2024

Strategic Management Questions and Answers

Questions 1

Kanter identified seven 'power skills' that change agents need to overcome apathy or resistance to change. Which of the following are power skills?

 

Select ALL that apply.

Options:

A.

Ability to work independently.

B.

Ability to collaborate effectively.

C.

Ability to develop relationships based on trust.

D.

Ability to keep within a budget.

E.

Ability to work ethically and sustainably.

F.

Ability to keep projects to a strict time-line.

Questions 2

Lynch developed the performance pyramid to define the links between objectives and performance measures.  Which THREE of the following statements apply to the performance pyramid?

Options:

A.

The performance pyramid is designed to ensure that all activities support the Organization's vision.

B.

The left-hand side of the pyramid contains measures which have an external focus.

C.

The lowest level of the pyramid contains the day-to-day operational measures.

D.

The business operating systems level includes the market-related Critical Success Factors.

E.

The business unit level includes measures which relate to internal systems needed to meet customers' needs.

F.

The right-hand side of the pyramid contains measures which are predominantly non-financial.

Questions 3

MMM is a multi-national company that manufactures and sells consumer durables.  MMM has recently experienced severe trading losses and its Marketing Director has decided to revise the Marketing Strategy paying due regard to MMM's key external drivers. Which THREE of the following are key external drivers for MMM?

Options:

A.

A change in consumer age profiles in a country where MMM sells 5% of its output.

B.

A modification to MMM's production processes designed to save fuel.

C.

A change in MMM's domestic advertising agency.

D.

A growth in Protectionist trade policies in Africa and Asia.

E.

An upward trend in commodity prices.

F.

A decline in the value of the Euro and the U.S. dollar.

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