Strategic Implementation & Control – Financial and Strategic Management MCQBy CACSMockTest / November 25, 2022 5 Strategic Implementation & Control – Financial and Strategic Management MCQ 1 / 23 Vertical integration may be beneficial when: (A) Lower transaction costs and improved coordination are vital and achievable through vertical integration. (B) Flexibility is reduced, providing a more stationary position in the competitive environment. (C) Various segregated specializations will be combined. (D) The minimum efficient scales of the two corporations are different. 2 / 23 Change in culture, attitude, and mindset call for: (A) Engagement, involvement, and motivation of employees (B) Rigorous performance appraisal (C) Performance benchmarking (D) Organization design change 3 / 23 Which of the following is the benefit of McKinsey’s 7-S Framework Model? (A) It is a diagnostic tool for understanding the organizations which are non-effective. (B) It also enhances employees’ morale because they enjoy full freedom to work hard which leads to their empowerment and development. (C) It becomes a proposition to manage as a result of more divisions and departments. (D) It is useful in those organizations where activities are geographically spread such as transport, insurance, banking, etc. 4 / 23 ____ are at the core of the McKinsey 7-S model. (A) Skills (B) Staff (C) Shared Values (D) System 5 / 23 An important activity in___ is taking corrective action. (A) Strategy evaluation (B) Strategy implementation (C) Strategy formulation (D) Strategy leadership 6 / 23 Which of the following is the correct statement? (A) Primarily, strategy formulation is an operational process and strategy implementation is an intellectual process. (B) An organization’s culture is always an obstacle to successful strategy implementation. (C) Resistance to change is an impediment in the building of strategic supportive corporate culture. (D) A corporate culture is always identical in all organizations. 7 / 23 Which of the following is Hard ‘S’ as per McKinsey Model? (A) Style (B) Strategy (C) Staff (D) Skills 8 / 23 Maria is the Marketing Manager for Wholefoods Ltd. She is working on the firm’s marketing plan. Her forecasts show that, if they carry on as they have been doing, they are likely to miss their sales revenue targets by ₹ 5,00,000. She needs some new ideas. What kind of analysis has Maria undertaken? (A) PRESTCOM analysis (B) SWOT analysis (C) Strategic gap analysis (D) Ratio analysis 9 / 23 Strategy formulation requires – (A) Conceptual intuitive and analytical skills. (B) Motivation and leadership skills. (C) An operational process. (D) None of the above 10 / 23 What does SBU stand for? (A) Significant business undertaking (B) Special bureaucratic use (C) Standard business usage (D) Strategic business unit 11 / 23 McKinsey’s 7-S framework helps analyze organizations and improve their effectiveness. The seven elements to be coordinated are: shared values, structure, systems, style, and what? (A) Strategy, service levels, and specialization (B) Strategy, staff, and skills (C) Service levels, stock, and staff (D) Specialization, skills, and standards 12 / 23 Strategy formulation is primarily__ (A) An operational process (B) An intellectual process (C) Profit making activity (D) Activity undertaken to fulfill needs 13 / 23 Which of the following is NOT included in McKinsey 7 S framework? (A) Strategy (B) Structure (C) System (D) Safety 14 / 23 The plan devised to maintain and build competitive advantage over the competition – (A) Strategy (B) Style (C) Skills (D) Systems 15 / 23 Strategy implementation focuses on – (A) Efficiency (B) Co-ordination (C) Crafting of strategies (D) Supporting factors 16 / 23 The way the organization is structured and who reports to whom (A) Strategy (B) Structure (C) Staff (D) System 17 / 23 ___means crafting a combination of strategies and picking out the best one to achieve the organizational goals and objectives and thereby reaching the vision of the organization. (A) Strategy implementation (B) Strategic analysis (C) Strategy formulation (D) Strategic management 18 / 23 Which of the following is NOT one ‘S’ as per McKinsey 7-S framework? (A) Structure (B) Shared values (C) Staff (D) Shared plan 19 / 23 Which of the following is NOT one ‘S’ as per McKinsey 7-S framework? (A) Structure (B) Shared values (C) Staff (D) Shared plan 20 / 23 ___ focuses on whether the strategy is being implemented as planned and the results produced are those intended. (A) Strategic analysis (B) Strategic control (C) Strategy formulation (D) Strategy implementation 21 / 23 The critical 7 S model was developed and created by a reputed consulting firm: (A) Mckinsey (B) Bain & Co (C) A. T. Kearney (D) Accenture 22 / 23 Strategic implementation is (A) Concerned with translating a strategic decision into action. (B) Crafting a combination of strategies and picking out the best one. (C) Primarily an intellectual process. (D) Considered easier and less time-consuming. 23 / 23 ___is a process through which a strategy is put into action. (A) Strategic analysis (B) Strategy implementation (C) SWOT analysis (D) Strategic turnaround Your score is LinkedIn Facebook Twitter VKontakte
