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EXAM - TRINAL - Strategic Management

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30 views2 pages

EXAM - TRINAL - Strategic Management

Uploaded by

Bon Carlo Melocoton
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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NOTRE DAME OF MIDSAYAP COLLEGE

Midsayap, Cotabato
S.Y. 2023-2024, 2nd Semester
TRINAL Examination

STRATEGIC MANAGEMENT
MGMT 202

General Instruction: Write your answers on your exam blue book.

PART I: TRUE of FALSE – Write the word TRUE if the statement is correct and FALSE if the statement is
wrong.

1. Strategic Management is considered the capstone course of all management and business subjects.
2. Business policy refers to the process of defining the long-term goals of a company as determined by
the members of the low-level management.
3. Strategic management recognizes universally accepted principles of other management and business
courses.
4. Strategic management focuses on the implementing function of the top-level management with
substantial contributions and commitment from other management levels, department units, and
various stakeholders in decision-making.
5. Strategic management conducts environmental analyses on the elements comprising the external and
internal environments.
6. Strategic management defines and directs the achievement of short- and long-term company goals
and subjective.
7. Strategic management is the art and science of formulating, implementing, and evaluating cross-
functional decisions that enable a company to achieve its objectives.
8. Strategic management operationally refers to a management’s continuous irrational process of
defining the long-term direction of a company after critically evaluating the different competing forces
surrounding and within it to gain competitive advantage.
9. Strategic management is important for business because it can provide a clear overall direction.
10. Strategic management is important for business because it can attain inferior business performance.
11. Strategic management exploits business opportunities from a changing environment.
12. Strategic management identifies trivialities requiring financial assistance.
13. Strategic management assists in reducing business risks.
14. Strategic management intermittently define and redefine direction.
15. Strategic management build competitive advantage.
16. Environmental scanning is the critical surveillance and evaluation of events happening in the internal
environment that may influence the current position and future plans of a company.
17. Environmental scanning aims to gain a deeper understanding of the nature and trend of changes in
the environment surrounding a company.
18. Environmental scanning aims to identify opportunities and threats that will remotely confront a
company.
19. Environmental monitoring is the process of tracking the environmental trends or sequence of events
determined during an environmental scanning.
20. The internal environment of a company consists of political or legal, economic, sociocultural, and
technological factors.
21. An industry environment analysis is the scanning of various forces that drive competition. It involves
knowing where a company is at the present and where it wants to be in the future.
22. An industry is a group of companies offering dissimilar or closely related products or services that
satisfy the same needs of consumer.
23. The internal environment refers to the environment within a company.
24. Organizational structure defines how tasks are to be performed, how resources should be wasted, and
how relationships among employees should be defined.
25. The VRIO framework, which was introduced by Jay Barney, an American professor in strategic
management, is an analytical tool used to evaluate a company’s resources to gain competitive
advantage.

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PART II: ENUMERATION – List down what is asked.

1-3 Three stages of strategic management.


(3 items) 1. Strategy formulation
2. Strategy implementation
3. Strategy evaluation and control
4-7 Four environmental areas in strategy analysis
(4 items) 4. Physical environment analysis
5. Societal environment analysis
6. Industry environment analysis
7. Internal environment analysis
8-10 Three major processes in an external environment analysis.
(3 items) 8. Environmental scanning
9. Environmental monitoring
10. Competitive intelligence
11-12 Give two of the strategic factors under the political or legal segment of the societal environment.
(2 items) 11. Tax laws
12. Government system
13-14 Give two of the strategic factors under the economic segment of the societal environment.
(2 items) 13. Interest rates
14. GDP trends
15-16 Give two of the strategic factors under the sociocultural segment of the societal environment.
(2 items) 15. Level of education
16. Population growth rate
17-18 Give two of the strategic factors under the technological segment of the societal environment.
(2 items) 17. Internet availability
18. Spending on research and development
19-24 PESTEL stands for:
(6 items) 19. Political
20. Economic
21. Sociocultural
22. Technological
23. Environmental
24. Legal forces
25-30 Different players in the industry environment.
(6 items) 25. Customers
26. Suppliers
27. Creditors
28. Employees
29. Government
30. Competitors
31-35 Five stages in the evolution of an industry.
(5 items) 31. Embryonic industry
32. Growth industry
33. Shakeout industry
34. Mature industry
35. Decline industry
36-40 The resources of a company can be grouped under the following categories:
(5 items) 36. Financial resources
37. Human resources
38. Physical resources
39. Technological resources
40. Organizational resources

===END===

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