Strategy-formulation concepts and tools

Related MCQs

• Forecasting tools can be broadly categorized into two groups. Those are:
• ----------- is concerned with the determination of the basic long-term goals and the objectives of an enterprise, and the adoption of courses of action and allocation of resources necessary for carrying out these goals.
• ------------ strategy occupies the highest level of strategic decision making and covers actions dealing with the objective of the firm, acquisition and allocation of resources and coordination of strategies of various SBUs for optimal performance.
• The goal of the organization’s is to capture the hearts and minds of employees, challenge them, and evoke their emotions and dreams.
• The comprises economic and social conditions, political priorities and technological developments, all of which must be anticipated, monitored, assessed and incorporated into the executive’s decision making.
• “Identifying and evaluating key social, political, economic, technological and competitive trends and events”. Which of the followings best describes this statement?
• An integrated and coordinated set of commitments and actions designed to exploit core competencies and gain a competitive advantage in a specific product market is a definition of:
• The various organizational routines and processes that determine how efficiently and effectively the organization transforms its inputs into outputs are called:
• ------- can be defined as the art and science of formulating, implementing and evaluating cross-functional decisions that enable an organization to achieve its objectives.
• Strategic management involves the , directing, and controlling of a company’s strategy-related decisions and actions.