1

The structure that organizations most commonly adopt to solve the control problems that result from producing many different kinds of products for many different market segments is the _______ structure.

	Product
	Matrix
	Functional
	Network

2

Among the following, who is not a Management expert?

	Peter F. Drucker
	Mc Kinsey
	Albert Grahmbell
	Elton Mayo

3

The external factors may include physical resources, value system, labour unions etc

	True
	False

4

Experience Curve was developed by the Boston Consulting Group.

	True
	False

5

Product Objectivemay be expressed in terms of ratio of input to output.

	True
	False

6

Strategic management helps organizations to be more proactive instead of reactive in shaping its future.

	True
	False

7

Intensication involves expansion within different line of business.

	True
	False

8

Human resourceObjective may be described in terms of absenteeism, turnover, Strategic Framework number of grievances, strikes and lockouts etc.

	True
	False

9

Choose the the correct options with regards to the origin of the root 'Strategos' from the term strategy is derived

	Latin
	Greek
	German
	Italian

10

Identify from the options the last stage of strategic management process

	Strategic Intent
	Strategy Formulation
	Strategy Implementation
	Strategic evaluation and control

11

Choose from the following the correct element of the strategy.

	Direction
	Goals
	Scope
	Logic

12

Select from the following which is not a part of the micro environment of the business

	Technology
	Shareholders
	Competitors
	Public

13

Identify from the following which is not a part of macro environment of the business.

	Laws & Policies
	Demographics
	Suppliers
	Social Values

14

Select from the following the level of strategy that represents the pattern of entrpreneural actions

	Corporate level
	Business level strategy
	Functional level strategy
	Operational strategy

15

Choose in context of Michael Porter's Five forces what does 'threat of new entrants' relate to

	Barriers to entry
	Substitutes
	Switching costs
	Buyer power

16

Choose from the alternative the correct description about firm's Mission

	is a statement of firm's business in which it intends to compete and the customer's which it intends to serve.
	is an internally focused affirmation of the organization's financial social and ethical goals.
	is mainly intended to emotionally inspire employees and other stakeholders
	is developed by a firm before the firm develops its mission

17

Select from the following questions a vision statement provides an answer

	What is our business?
	Who are our employees?
	Why do we exist?
	What do we want to become?

18

Identify the correct phrase for the description "A possible and desirable future state of an organization "

	Vision
	Mission
	Goal
	Strategy

19

Identify the correct expansion of the acronym SWOT

	Special Weapons for Operations Timeliness
	Services, Worldwide Optimization, and Transport
	Strengths Worldwide Overcome Threats
	Strengths, Weaknesses, Opportunities, and Threats

20

Identfy which from the following is not an advantage of strategic management

	It provides organisations with a clearer sense of direction and purpose
	It helps improve the political, economic, social and technological environment of the organisation
	It helps orientate management decisions to relevant environmental conditions
	It helps organisations be proactive rather than reactive

21

Select from the following types of strategy which defines what business or businesses the firm is in or should be in.

	Business strategy
	Corporate strategy
	Functional strategy
	National strategy

22

Infer what type of industry an industry largely dominated by a few large rms is

	Densely concentrated industry
	Highly concentrated
	Low concentrated industry
	Medium concentrated industry

23

Identify the level of strategy represents the pattern of entrepreneurial actions

	Corporate level strategy
	Business level strategy
	Functional level strategy
	Tactical level strategy

24

Identify the term with which Strategy has often been used as a synonym mistakenly

	Procedure
	Policy
	Vision
	Tactics

25

Strategy may operate at different levels of an organization -corporate level, business level, Identify the remaining strategy.

	Functional level
	Departmental level
	Senior Level
	Operational Level

26

Choose which of the following is not the feature of vision

	Motivator
	Objective
	Mental exercise
	Flexibility

27

________ is not part of an external audit.

	Analyzing competitors
	Analyzing financial ratios
	Analyzing available technologies
	Studying the political environment

28

Strategic management process activate in the sequence of_______

	Environmental scanning, Strategy formulation, Implementation, control and evaluation
	Strategy formulation, Environmental scanning, Implementation, control and evaluation
	Environmental scanning, Strategy Implementation, formulation, control and evaluation
	Strategy formulation, Implementation, control, evaluation, Environmental scanning

29

For intensive growth, the company first considers whether it could gain more market share with its current products in their current market, using a _________

	Market-penetration strategy
	Market development strategy
	Product-development strategy
	Diversification strategy

30

The strategic management process is _______ and continuous.

	Time consuming
	Dynamic
	Flexible
	Useless

Assignment: 2

• Assignment 2 is based on the following text/paragraph of case study/situational exercise etc. You first need to read this text and then answer the following MCMR i.e. Multiple choice multiple response questions.
• Number of Questions: 5
• Each question carries 2 Mark
• All Five Questions are Mandatory.
• Attempts: 1

Tangy spices Ltd, the countries' biggest spices marketer has decided to launch a hostile bid for Italy's major spice marketer Chilliano. This is a rare case of an Indian company making an unsolicited hostile bid for a foreign company. The Tangy Spices Ltd. has competencies in Indian spices. The major destination markets for the Tangy spices Ltd. exports have been the Europe and America. The competencies of Chilliano lie in Italian herbs and spices. The Indian company with the takeover wishes to synergies its operations in the world market. It also wants to take advantage of the reach enjoyed by the Italian company in several countries where its products are not beng sold presently. The move of hostile takeover follows Chilliano's rejection to an agreement entered a year back. At that time Chilliano was suffering losses and it offered majority shares at a price of 2.25. A total of 20% shares were transferred at that time. In one year Chilliano was able to turnaround its operations and the company made handsome profits in the last quarter. The promoters who have residual holding of 35% in the company are reluctant to transfer the shares now. They have rejected the agreement with a plea that the earlier offer price was not sufficient. Tangy spices Ltd has revised its offer to 2.95. By this lucrative offer some of the large shareholders of Chilliano reveal their interest for selling their stakes. On the other hand, promoters maintained their position on this matter. Through the process of buying of shares in the market the Tangy spices Ltd. gradually consolidated its holding in Chilliano to 45%. Being a major shareholder they were ready for a takeover. At the same time, Tangy spices Ltd. was trying hard to improve their position so that they do not leave any space for Chilliano's promoters in future.

1

2 What strategic alternative is followed by Tangy spices Ltd?

	Stability
	Expansion
	Retrenchment
	Combination

3 What is the hostile takeover by an Indian company appropriate?

	Hostile takeovers are extremely reasonable
	Acquirer need to be ready to pay extra price than market price of equity
	when a cash low company sees strategic advantage in that acquisition.
	position much strongerin the market

4 Why the Tangy Spices Ltd. is interested in this takeover?

	takeover will synergies its operations in the world market
	wants to take advantage of the reach enjoyed by the Italian company
	Acceptance of promoters to transfer the shares
	wants to take competitive adavantage

5 Why the promoters are reluctant to transfer the shares after the agreement?

	turnaround its operations and the company made huge profit
	promoters who have residual holding of 5% in the company become reluctant to transfer the shares now
	rejected the agreement with a plea that the earlier offer price of 2 per share was sufficient.
	they are not getting right value for their equity or they do not intend sell equty due to increased profitability of company

6 Why the Company rejected the offer?

	takeovers are reasonable
	retrenchment is much better than expansion
	offer price of 2.25 per share was not sufficient
	company should try combination