Strategic management involves several key steps and concepts. It is primarily undertaken by top management. The steps include analysis, formulation, implementation, and evaluation. Strategic management allows companies to set objectives and monitor performance. It helps organizations effectively adapt to changing business environments through planning and control mechanisms.
Strategic management involves several key steps and concepts. It is primarily undertaken by top management. The steps include analysis, formulation, implementation, and evaluation. Strategic management allows companies to set objectives and monitor performance. It helps organizations effectively adapt to changing business environments through planning and control mechanisms.
Strategic management involves several key steps and concepts. It is primarily undertaken by top management. The steps include analysis, formulation, implementation, and evaluation. Strategic management allows companies to set objectives and monitor performance. It helps organizations effectively adapt to changing business environments through planning and control mechanisms.
1. Strategic matter taken care mostly by the _____ management
Top Middle Lower Office 2. _____ steps involve in process of strategic management 4, 3, 5, 6 3. High growth – High market share means ______ Stars, Cash cows Dogs Question mark, 4. Strategy implementation is the _____ step in the process of strategic management. Last First Second Third 5. Weight and measures Act, Consumer credit Act, Sale of Goods Act, is cover under the _____ low. Consumer Employee Protection Competition Legal 6. Business Manager is involved in _____ level of strategy Top Middle Lower Business 7. FDI stands for ___________. Fixed Deposit Investment Foreign Direct Investment Fixed Deposit Interest Fixed Direct Investment 8. The new economic policy ________ has open door for many private players to enter the market. 1990 1991 1992 1993 9. PIN stands for _________ Personal Identification Number Permanent Identification Number Personal Ideal Number Personal Identification Nature 10. The Factory Act passed in __________ 1947 1948 1949 1950 11. Reduce carbon emissions, provide recycling facilities involve in ______ Environment. Business Ecological Social Technological 12. CEO Stands for ________ Center Electronic officer Chief Executive officer Central Executive officer Chief Electronic officer 13. _______means broadening or enlarging the company’s product range by introducing new products or by extending the range of existing products. Diversification Diversion Definition Disturbing 14. ________Analysis can be done at two levels- business level and the corporate level. Strategic Business Environmental SWOT 15. _________ management is more dynamic than functional management as it is a combination of all the other structures. Matrix SBU Divisional Functional 16. _______ is the process of bringing forth the best efforts of subordinates in accomplishing group assignments. Motivation Evaluator Collaborator Developer 17. ______ are the criteria that enable managers to evaluate future, current, or past actions. Standard Motivation Evaluator Collaborator 18. Determining benchmark focus, Planning& research, gathering data, analysis, recommendation, Implementation is a _____ of bench marking. Types Importance Process advantages 19. Strategic evaluation & ______ is a process of determining the effectiveness of a given strategy in achieving the organizational objectives. Control Formulation Implementation Planning 20. The _____ of strategic evaluation provide information & experience to the strategic required to prepare new plan. Feedback Planning Process Control 21. ________ benchmarking means performances metrics give numerical standard to a key process or product. Internal External Performance Process 22. Gap analysis is a widely accepted business tool that is used today by nearly every type of ______ Business Environment Scanning World 23. ________ control is designed to check methodically and constantly whether the premises on which a strategy is based are still valid or not. Operational Strategic Premise Implementation 24. MBO stands for ________ Management by objective Management by obligation Marketing by objective Marketing by obligation 25. Strategic _________ is the ability to lead a n organization towards the achievement of its objective. Leadership Behavior planning Matrix