1. Arrange the process of strategic management in proper sequence –
P. Where we want to be?
Q. How can we ensure arrival?
R. How might we get there?
S. Where are we now?
T. Which way is best?
Select the correct answer from the options given below.

2. Identify which of the following forces does not form part of Porter’s Competitive Position Analysis?

3. The environment is complex. Which of the following supports this?

4. Which of the following describes the desired future position of the company?

5. According to Michael Porter, the essence of strategy formulation is

6. The operational strategy focuses on issues of

7. Strategic management involves the decision-making and the activities in an organization which –

8. Strategic management involves developing the –
I. Company’s vision
II. Training of personnel in. Environmental scanning
IV. Strategy formulation
V. New software
VI. Strategy implementation
Select the correct answer from the options given below.

9. According to Porter, which of the following is most important to achieving competitive advantage?

10. Potential rivals will not find it difficult to enter a market where: 10

11. According to Hambrick Strategic Management’ Strategic management are the formulation and implementation of the taken by a company’s top management on behalf of owners, based on consideration of resources and an assessment of the internal and external environments in which the organization competes.

12. Porter’s Five Forces tool is a simple but powerful tool to evaluate the power of business. Which of the following is not one of the five?

13. Strategic management ___

14. Which of the following is the beginning stage of the strategic management process?

15. Out of all the alternatives generated in the earlier stage, the organization selects the best suitable alternative. This stage in the strategic management process is called as___

16. Which of the following is not an element of Porter’s 5 Forces Model?

17. Which of the following is a characteristic of the business environment?

18. The microenvironment is also known as –

19. Which core competencies are required for a Company Secretary to become an effective player of strategic management?
(a) Communication and professional skills, legal skills, management skills, and IT skills.
(b) Updated knowledge of legal envi¬ronment, financial environment & business environment.
(c) Ability to work and achieve a con¬sensus within multidisciplinary settings.
(d) Remaining calm under pressure and not losing sight of perspective.
Select the correct answer from the

20. Porter’s notion of a differentiation strategy is best described as one in which firms seek a competitive advantage:

21. What type of organizational struc¬ture do most small businesses follow?

22. Assertion (A):
Porter’s five forces model considers new entrants as a significant source of competition.
Reason (R):
New capacity and product range that the new entrants bring in throw up new competitive pressure. Bigger the new entrant, the more severe the competitive effect. New entrants also place a limit on prices and affect the profitability of existing players.
Select the correct answer from the options given below.

23. In Porter’s five forces model, what is meant by the term ‘substitute?

24. According to Chandler ‘Strategic Management’ is –

25. Porter’s Value Chain is essentially a tool for: