Ch7112) What are five differences between strategy formulation and strategyimplementation?
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Diff: 2Page Ref: 213AACSB:Analytic SkillsObjective:7.01 Explain why strategy implementation is more difficult than strategyformulation.113) List four major reasons annual objectives are essential for strategyimplementation.
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Diff: 2Page Ref: 215Objective:7.02 Discuss the importance of annual objectives and policies in achievingorganizational commitment for strategies to be implemented.
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Strategic Management is one of the topic which is very important in any organisation. Hence we must be aware about each and every concept of it. So, to give a insight about Strategic Implementation an integral part of strategic management, here, we have discussed MCQ’s on Strategic Implementation with answers.
These Interesting MCQ’s on Strategic implementation with answers will be helpful for you to understand various concepts like organisation structures, strategic plan, elements of strategic Plan Models etc..,
Further we have provided these objective questions with solution on strategic implementation for better understanding to professionals, students and competitive exams.
Strategic planning is the art of formulating business strategies, implementing them, and evaluating their impact based on ______________
A. organizational objectives
B. Strategic Plan
C. Market environment
D. Financial Outcomes
The concept of strategic Plan focuses on integrating various business departments to achieve _______________.
A. Market share
B. Desired Profit
C. organizational goals
D. Organisational strategies
Strategic plan outlines _______________, so that everybody in your business is working with the same information.
A. Your Business practice
B. Organisations vision and mission
C. Organisations goals and objectives
D. where your company is going
Strategic planning helps to gauge____________
A. what your organization is
B. Exactly what it does
C. why it does it
D. All of the above
Strategic planning helps to gauge what your organization is with a focus on optimizing __________
A. your future potential
B. Your resources
C. Organisations profit
D. All of the above
MCQ’s with answers on Strategic Planning
Strategic planning determines exactly where your organization is going over the next few years and _____________
A. Why it should be reached
B. how it’s going to get there
C. When it can be reached
D. What can be done to reach it
A strategic plan is a ______________ way to develop a course and direction for your company.
A. Designed and direct
B. elaborated and strategic
C. Coordinated and systematic
D. None of the above
Which of the following is not an element of strategic plan
A. Long term goals
B. Action plans
C. Yearly objectives
D. Organisation strategies
Which is not a barrier in implementing organisation strategy
A. People barrier
B. Resource barrier
C. Time barrier
D. Vision barrier
MCQ’s on Models of Strategic Plan with answers
The 5 P’s strategy was created by ___________ in the year 1987
A. Porter
B. Mintzberg
C. Micheal
D. None of the above
Each ‘P’ of the 5P’s stands for _____- to the strategy
A. Dimension
B. Feature
C. Process
D. Approach
Which of the following is not a P in Mintzberg 5P’s
A. Ploy.
B. People
C. Position.
D. Perspective.
Understanding and using each element of 5P,s helps you Develop a ____________ business strategy
A. robust
B. practical
C. achievable
D. All of the above
The 7s model is also known as
A. Porters model
B. Force 7s model
C. Mc Kinseys Model
D. Robust 7s Model
The Mc Kinsey was developed in the late 1970s by
A. Tom Peters & Porter
B. Robert Waterman & Porter
C. Tom Peters Robert Waterman
D. Micheal Kinsey
They identified seven ___________ of an organization that need to align for it to be successful
A. Resources
B. internal elements
C. External elements
D. Strategies
The 7s in Mc Kinsey model is classified in two types as
A. Internal & External
B. Direct & Indirect
C. Hard & Soft
D. None of the above
MCQ’s on Organisational structures in Strategic Plan
_____________________ Organisational structure is highly informal and the coordination of tasks is accomplished by direct supervision.
A. Entrepreneurial Structure
B. Divisional Structure
C. Functional structure
D. SBU Structure
The ____________ structure can be organized in one of four ways by geographic area, by product or service, by customer, or by process.
A. Entrepreneurial Structure
B. Divisional Structure
C. Functional structure
D. SBU Structure
____________ structure facilitates strategy implementation by improving coordination between similar divisions and making accountability to different business units.
A. Entrepreneurial Structure
B. Divisional Structure
C. Functional structure
D. SBU Structure
A matrix organizational structure is a hybrid of _________ & ______________ organizational structure.
A. Functional Divisional
B. functional projectized
C. Divisional SBU
D. Functional SBU
matrix organizational structure, you can see two command structures namely
A. Weak and strong
B. Balance and Imbalance
C. Vertical and horizontal
D. Formal & informal
The ______________ divides the business into small, tightly knit strategic business units (SBUs)
A. modular structure
B. Network
C. Project
D. SBU
Hope you would have find the given MCQ’s on strategic implementation useful. you can find more with here