Analyzing Strategic Edge – Financial and Strategic Management MCQ

The reasons for acquisition are –

____ is a defined and disciplined business methodology to increase customer satisfaction and profitability by streamlining operations, improving quality, and eliminating defects in every organization-wide process.

____ is also considered as a structured approach in managing the uncertainty related to a threat.

Which of the following does not correctly depict the TQM principle?

As per TQM principles which of the following is a problem____

____ collectively established a common set of quality standards known as ISO 9000.

Which of the following is not a key feature of Total Quality Management?

TQM owes its genesis to post-war research of American management consultants like –

Which of the following is not Benchmarking Wheel stage process?

Benchmarking Wheel is a stage process.

___refers to a process when a company compares itself with the competitors inside its industry.

Managers use this type of benchmarking to identify the best way to compete in the market –

Consider the following two statements.I. Benchmarking and Business Process re-engineering are one and the same.
II. Benchmarking is a remedy for all problems faced by organizations.

Consider the following two statements.1. It refers to the analysis and re-design of workflows both within and between the organization and the external entities.
2. Benchmarking is a process of finding the best practices within and outside the industry to which an organization belongs.

___is an approach to setting goals and measuring the productivity of firms based on best industry practices or against the products, services, and practices of their competitors or other acknowledged leaders in the industry.

Which of the following is NOT a principle underlying business process reengineering (BPR)?

Which of the following is pot one of the steps of the Business Process Reengineering (BPR)?

Which of the following is the objective of Business Process Reengineering (BPR)?

What is the term for the act of recreating a core business process with the goal of improving product output, quality, or reducing costs?