Strategic Management Practice Questions
Topics Covered:
developing and implementing plans. a company achieve its business objectives
30 Questions
1. What is the primary goal of strategic management?
2. Which of the following is NOT a characteristic of strategic management?
3. The three major components of a strategy are:
4. A company’s mission statement primarily describes:
5. The strategic vision of a company focuses on:
6. SWOT analysis includes an evaluation of:
7. In Porter's Five Forces model, which of the following is NOT one of the five forces?
8. Which strategy is used when a company focuses on cost leadership?
9. The BCG (Boston Consulting Group) Matrix classifies businesses into which four categories?
10. PESTEL analysis is used to evaluate which external factors?
11. The process of formulating strategy involves:
12. A differentiation strategy focuses on:
13. Corporate strategy primarily deals with:
14. The Ansoff Matrix is used for:
15. A blue ocean strategy aims to:
16. Which key factor influences successful strategy implementation?
17. Which leadership style is most effective for strategy implementation?
18. Which of the following is a challenge in strategy implementation?
19. Organizational structure plays a crucial role in:
20. Which type of strategy involves adjusting existing strategies to meet changes in the external environment?
21. The final step in strategic management is:
22. Key Performance Indicators (KPIs) are used for:
23. Which type of control ensures that strategic objectives are achieved?
24. Which of the following is NOT a method of strategic evaluation?
25. A balanced scorecard measures performance using:
26. Digital transformation strategies focus on:
27. A sustainable strategy considers:
28. Agile strategy refers to:
29. Corporate Social Responsibility (CSR) affects strategic management by:
30. The future of strategic management includes trends such as:
