1.

If the barrier to the industry are low, the industry’s attractiveness (as per the porter framework) is
a. Not impacted
b. High
c. Low
d. None of the above
2. Porter’s five forces framework is not a tool for …….. analysis
a. Internal
b. Industry
c. External
d. None of above
3. In the stage gate process, which of the following can be seen to be a gate?
a. Idea conceptualization
b. Design and engineering
c. Performance creation that a prototype should must meet
d. NoA
4. Higher value creation in the value chain involves
a. Matching the product/ service features with the customer’s need
b. Coordinate and cooperate with stakeholders
c. Both a and b
d. NoA
5. Which of the following types of learning is highest in terms of efforts, implication and usability?
a. Improvisation
b. Trial and error
c. Experiment
d. Experiential learning
6. Which of the four CSR model is also known as Friedman Model (Named after the famous US economist
Milton Friedman)
a. Ethical
b. Statist
c. Liberal
d. Stakeholder
7. In the Project arrow implementation by India Post which of the following perspective of the balanced
score card was not included in their strategy map
a. Financial
b. Customer
c. Linked Issues
d. Internal process
8. Sustainability is necessity because of
a. Global resource is plentiful but sink capacity is dwindling rapidly
b. Global resources as well sink capability are dwindling rapidly
c. Not related to resources or sink capability
d. All of the above
9. Which of the following can be termed as joint venture?
a. Engineers of Microsoft and Intel working together to create compatible product
b. Intel licensing its technology to some new manufacturer of PC chip
c. Arcelor and Mittal merging together
d. Hero and Honda going together to create Hero Honda a legally separate firm
10. Which of the following is an example of tacit knowledge?
a. Standard operating procedure
b. Data banks
c. Patents held by organization
d. NoA
11. Which of the resources used in co-creation by a firm?
a. Customer intelligence, knowledge and collective intelligence
b. Skills of the stakeholder
c. Capability of the members of the board of directors
d. NoA
12. When we consider organizational resources from a strategic angle, we primarily focus on
a. The accumulated resources including physical capital and intangible resources
b. The resources like raw materials, in process inventories and finished goods
c. The conversion of the resources happening during the production
d. NoA
13. What is true about critical task of a company
a. The critical tasks are the ones which are important for the value creation and appropriation
b. The critical task is targeted to create competitive advantage for a business
c. The strategic alignment helps in performing the critical task successfully
d. All of the above
14. Resource decoupling and impact decoupling, demand that
a. Human and ecological wellbeing be compromised for economic wellbeing
b. Resources efficiency be improved, and impacts reduced without compromising economic
wellbeing
c. Both
d. None of the above
15. Which of the following is a core assumption of the resource-based view?
a. All the firms in an industry have a similar set of resources
b. Firms even within the same industry have different resources and this difference is maintained
over
c. Core competencies can be built in a short period of time
d. None of the above
16. According to the stages model of policy, there are five stages in policy cycle, which of the following is
the first of those stages?
a. Agenda setting
b. Policy formulation
c. Decision making
d. Policy evaluation
17. A business model captures the rationale of how a firm
a. Creates, maintains and destroys value
b. Creates, maintains and transfer value
c. Creates, maintains and promotes value
d. Creates, delivers and captures value
18. International product life cycle theory suggests as product matures
a. Location of sales changes
b. Location of optimal production changes
c. Affects the direction and flow of imports and exports
 d. All of the above
19. Stability of the internal process is achieved through
a. The process institutionalization
b. Technology
c. Both
d. Neither a and b
20. Which of the following statements is a part of the USA framework approach for improving the
effectiveness of the SWOT analysis?
a. Creating a fit between internal and external
b. Leveraging the strengths to seize the opportunity
c. Improving upon the weaknesses while having a better awareness of the external environment
reduces the vulnerability…
d. All the above
21. In carols original CSR conceptualization model. Which of the responsibilities is considered under the
category “socially expected”?
a. Economic
b. Legal
c. Ethical
d. Discretionary
22. Non market strategy is based on the premise that markets_in vacuum, and are_by culture, political,
and social spheres. There are two blanks.
a. Operate, not surrounded
b. Don’t operate, not surrounded
c. Don’t operate, surrounded
d. Operate, surrounded
23. The primary means for creating competitive advantage from diversification is to
a. Share resources and capabilities across business
b. Share resources across related business only
c. Erect strong barriers to entry around each business
d. Be able to strongly retaliate against rivals attack
24. Which of the following does not contain organizational knowledge
a. Firm document and archives
b. Practices and norms
c. Organizational routines and processes
d. None of the above
25. Which of the following can be a definition for strategic intent
a. Previous year assumptions
b. A shared obsession to win
c. Effectiveness of business strategy
d. None of the above
26. Transformational changes of the organization includes
a. Reconfiguration of structures, processes and systems
b. Changes on a continuous basis
c. A and b
d. Neither a and b
27. The learning which is iterative and produces a change in the people’s assumptions and theories about
cause and effect relationship is called
 a. Single loop learning
b. Double loop learning
c. Improvisational learning
d. All of the above
28. Shared value creation, as per porter and Kramer is
a. Creating tangible value for company and share holders
b. Creating tangible value for company and institutional investors
c. Creating tangible value for company and all stakeholders
d. None of the above
29. Balanced scorecard supports strategic learning in the following ways
a. Articulating the company’s shared vision by defining the results that the company is trying to
achieve jointly
b. Gathering feedback, testing the hypothesis on which strategy was based and taking corrective
actions
c. Supplying the statrategic feedback system and facilitating review of the strategy
d. All of the above
30. CSR and CPA have been historically considered to be _ activities
a. Complimentary
b. Similar
c. Same
d. Separate
31. Which of the following is attempted by firms in blue ocean strategy
a. Alighning the product features to that of the competitors
b. Making the product features distint from competitors
c. It has nothing to do with product features
d. None of the above
32. Which of the following best describes the transnational strategy regarding its communication
relationship
a. The home country has one way communication with the foreign market, providing innovation
and direction to it
b. The subsidiaries in the home country and foreign country do no communicate
c. Allows foreign subsidiary to be autonomous so communication is one sided
d. It allows the foreign country to be innovative by having two way communication sharing ideas
back and forth
33. Corporate political activity (CPA) is one of the two main types of non market strategies. Lobbying is one
form of CPA. Which of the following is correct
a. Lobbying is considered a bad form of CPA
b. Lobbyiong is one of the most popular form of CPA
c. Lobbying is considered an amoral form of CPA
d. Lobbying is one of the most popular form of CPA
34. Which of the following is a characteristic of Multi domestic organization
a. Sensing and exploiting local opportunities
b. Implementing parent company strategies
c. Developing knowledge and transferring the same to other subsidiaries
d. Adapting and leveraging parent company competencies
35. Porter five forces framework is at the _ level whereas resource based view is the _ level
a. Industry, firm
 b. Industry, industry
c. Firm, firm
d. Firm, industry
36. Balanced scorecard supports Strategic Learning in the following way
a. Articulating the company’s shared vision by offering the results that the company is trying to
achieve jointly
b. Gathering feedback, testing the hypothesis on which strategy was based and taking corrective
actions
c. Supplying the strategic feedback system and facilitating review of the strategy
d. All of the above
37. Backward vertical integration occurs when
a. A firm expands into an industry that produces inputs for the firms products
b. A firm expands its business into its customers business using internal development
c. A firm acquires or merges with a key customer
d. A firm acquires or merges with competitors in its industry
38. Which of the following is a pure “Financial Objective” of an organization
a. Increasing the market share in all product category by at least 10%
b. Introduce at least 5 new products in the current financial year
c. Increasing the earnings per share by 25% above the previous year
d. All of the above
39. The knowledge which can be transferred through experience and sharing (hands-on) is called
a. Big data
b. Explicit knowledge
c. Tacit knowledge
d. None of the above
40. Inertia from coupling of internal systems/ constituents, develop due to
a. It is difficult to change behavior of the people
b. Decoupling disrupts the organizational activities
c. Differences in opinion of top management team member
d. None of the above
41. Transformational changes of organization includes
a. Reconfiguration of structures, process and system
b. Changes on a continuos basis
c. Both a and b
d. Neither a and b
42. Which of the following is likely to be successful in a competition between innovator and follower
a. Innovator
b. Follower
c. Either of the above depending on other conditions
d. None of the above
43. Which of the following is a functional strategy followed by differentiators
a. Standardized products
b. Do not hesitate ion buying automated machinery to reduce costs
c. Strong process engineering capability
d. Invest heavily in building corporate and brand image
44. The purpose of porter five forces framework is/are to
a. A tool to assess the industry attractiveness
 b. Helps in analyzing the profitability of an industry
c. Helps both the incumbent firms as well as the new entrants to take strategic decision
d. All of the above
45. Major reasons for natural resources degradation are
a. Lack of clearly defined property rights
b. Failure of policy, markets and institutions
c. Both of above
d. None of above
46. Leadership strategy, niche strategy, harvest strategy and divestment strategy are possible
a. Fragmented industry
b. Mature industry
c. Declining industry
d. Emerging industry
47. Which of the following needs to be focused on during resource analysis of firms
a. Market opportunities
b. Only on the final stages – when results can be seen
c. Combination of resources
d. None of the above
48. Porter national diamond describes
a. The strategies of different countries
b. How national conditions influence the dynamics of resource and capability development
in different industries
c. A process of development of a national economy
d. None of the above
49. Which of the following is a core assumption of the resource based views
a. All the firms in an industry have a similar set of resources
b. Firms even within the same industry have different resources and this difference is
maintained over time
c. Core competencies can be built in a short period of time
d. None of the above
50. Synergies can be defined as
a. Savings realized on production across several businesses within a diversified firm
b. Value creating linkages between different businesses within a diversified firm
c. Stakeholders connections outside a diversified firm
d. The connections between different organizational units within a diversified firm
51. Which of the following true or flase
a. The balanced scorecard (BSC) is an indicator of lagging as well as leading indicators
b. The BSC integrates internal and external perspectives
c. The four perspectives of the BSC are driven by the company’s vision and strategy, and it
is a forward-looking tool
d. All the above
52. Which of the following is true with regards to the four processes of managing strategy through the
balanced scorecard?
a. Translating the vision “involves clarifying the organization’s vision to the employee and
building a consensus
b. Communicating and linking
c. Business planning
 d. All of the above
53. Ghemawat CAGE framework suggests that there is a _ relationship between economic size and
trade , and a _ relationship between distance and trade
a. Positive negative
b. Negative positive
c. Positive positive
d. Negative negative
54. Which of the following is not a part of the four constituent of the Balance Scorecard as per the
original framework suggested by Kaplan and Norton
a. Vendor Management
b. Marketing and Customer orientation
c. Internal business processes
d. Learning and growth
55. During the implementation of strategic change the following are the best practices
a. Reduce flow of bad news
b. Stick of the plan made after initial deliberation by guiding coalition
c. Both
d. None
56. Family businesses have a unique problems because
a. The success of a family and the success of a business are based on different criteria
b. Different family members have different goals
c. Family members usually prefer socioemotional objective over financial objecvtive
d. All of the above
57. Family business account for what percentage of the businesses in india
a. Less than five percent
b. Approximately one third
c. Approximately half
d. Around 80 percent
58. Which of the following are not likely to take away some value from an innovator
a. Customers
b. Imitators and other followers
c. Suppliers
d. None of the above
59. Which of the following is correct about past research on non market strategies and
organizational performances
a. Most studies have found positive relationship between non market strategies and
organizational performance
b. Most studies have found insignificant relationship between non market strategies and
organizational performance
c. Most studies have found mixed or contingent relationship between non market
strategies and organizational performance
d. Most studies have found negative relationship between non market strategies and
organizational performance
60. Which of the following statement is a part of LISA framework approach for improving the
effectiveness of SWOT analysis
a. Creating a fit between internal and external
b. Leveraging the strengths to seize the opportunities
 c. Improving upon the weaknesses while having awareness of the external environment
reduces the vulnerability to the threats
d. All of the above
61. A successful globalization strategy requires
a. The capability to identify similarities across the world
b. Focusing on differences between home and host countries
c. Either a or b
d. Both a and b
62. Slowing growth in total industry demand and development of experienced repeat customers
are symptoms of which kind of industry
a. Fragmented industry
b. Mature industry
c. Declining industry
d. Emerging industry
63. Which of the following is an important element of understanding compatibility between firms
in international joint ventures
a. Friendship of the CEOs of the two companies
b. Presence of employees who have prior experience in working with the other firm
c. Alignment of goals between the two companies
d. None of the above
64. If a subsidiary of a global MNC is operating in a small or strategically unimportant market but
having a distinct capability, this subsidiary should be treated as
a. Strategic leader
b. Contributor
c. Black hole
d. Implementer
65. A diversified firm seeks to create value from economies of scope through all of the following
EXCEPT
a. Activity sharing
b. Skill transfer
c. Transfer of corporate core competencies
d. De-integration
66. Life cycle assessment is tool to
a. Measure life expectancy at birth
b. Measure life cycle impacts of a product
c. Proposes use of a cycle for life for better health and lower environmental impacts
d. None of the above
67. Which of the following could be useful in creating trust with an alliance partner?
a. Creating vulnerabilities that signify commitment
b. Minimize communication with the alliance partner so that conflicts are avoided
c. Try to learn as much as possible about the alliance partner’s competencies
d. None of the above
68. A strategic decision implies which of the following
a. Significant commitment of resources
b. Minor change in scope of the firm
c. Commitment of resources that is relatively easy to reverse
d. All of the above
69. Vertical integration is defined as
a. A firm’s ownership of vertically integrated activities
b. A firm’s ownership of horizontally integrated activities
c. A firm’s organizational structure with a high and thin pyramid
d. A firm with many decentralized decision centers
70. Business Value is created when
a. The product/service attributes match the need of the customer/ user
b. The product/ service attributes the need of the shareholder
c. The product/ service attributes match the need of the industry
d. None of the above
71. In the stakeholders interest power framework, stakeholders with low interest and high
a. Marginals
b. Dominants
c. Latents
d. Observers
72. A strategy which is an outcome and deliberate planning is called _ strategy, whereas a strategy
which is a result of the collective experience, learning and day to day decisions of managers is
called _ strategy
a. Intended, emergent
b. Emergent intended
c. Realized intended
d. None of the above
73. A unrelated diversified company is one that
a. Makes and sells products in two or more different or distinct industries
b. Makes and sells products in two or more adjacent industries
c. Both
d. None
74. The basic premise of reverse innovation is
a. The knowledge will flow from developing to developed countries
b. The initial development of the product will primarily address the need of developing
countries
c. Either a or b
d. Both a and b
75. Which of the following is a necessary characteristics of an innovative firm
a. The firms should have been in existence for a long period of time
b. Having ability to manage projects
c. Having ability to structure processes to reduce costs
d. None
76. Decline of financial performance is typically arrested through
a. Strategic transformation
b. Strengthening the position in the industry
c. Retrenching strategy
d. All of the above