University of Medical Sciences & Technology

Faculty of Business Administration

Date: 08/07/2017 Time: Three Hours
Batch (11) All Specializations
Final Semester (8) Examination
Exam Paper: Strategic Management
Answer question One and any other Four questions
Question One: (20 Marks)
Choose the correct answer and write the number of the question
.and the letter of the correct answer in your answer book
1. Which of the following is not an approach to strategy formulation :
a) Competence – based approach.
b) Historical date analysis approach.
c) Fit approach.
2. A joint venture strategy is attractive for :
a) Two capable companies who want to maximize their competencies.
b) A weak company which tries to overcome its constraints by
collaborating with a capable one.
3. A company’s mission statement should acknowledge the legitimate
claims of major stakeholders :
a) True.
b) False.
4. Strategic thinking results into :
a) Pro-active response to problems.
b) Reactive response to problems.
5. Which of the following is not a factor for benchmarking a business
strengths and weaknesses :
a) Competitors.
b) Success factors in the industry.
c) Government policy towards business.
6. Selection of long term objectives and grand strategies is:
a) Strategic choice.
b) Strategy formulation.
c) Strategy implementation.
7. A good implementation of strategy is :
a) to adjust the selected Strategy to the existing structure.
b) to adjust the existing structure to the requirements of the selected
strategy.
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 c) Both a) &b).

8. Which of the following represents a franchising strategy :

a) Expanding existing products and services in new markets
(fast foods).
b) Developing new products for existing and potential markets.
9. A strategy drift happens when the company continues pursuing the
same strategy although it has lost relevance due to change:
a) True.
b) False.
10.A .................... strategy provides access to new markets and reduces
competition:
a) Vertical integration.
b) Joint-venture.
c) Horizontal integration.

Question Two: (20 Marks)

Explain the role of assessing external environment in strategic analysis and
discuss the relevant techniques for such analysis.

Question Three: (20 Marks)

Strategic choice is a three dimensional process. Explain.

Question Four (20 Marks):

Discuss the purpose and methods of managing business portfolios in
multi- business corporations.
Question Five: (20 Marks):
Good formulated strategies may fail due to poor implementation. Explain how
strategy operationalization and institutionalization may safeguard against such
failure.

Question Six: (20 Marks):

Write short notes on the following:
1. How behavioural factors influence selection of a strategy.
2. The role of control, evaluation and monitoring in strategy implementation.
3. The relationships among resources, capabilities, competences and
competitive advantage.
Good Luck

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