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D. Prelim Exam MNGT 102 Set D

mngt 102 prelim

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Kevin Espiritu
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27 views1 page

D. Prelim Exam MNGT 102 Set D

mngt 102 prelim

Uploaded by

Kevin Espiritu
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Name: _________________________________________ Section: __________ Date: ___________ Score: __________

MNGT 102 – STRATEGIC MANAGEMENT


PRELIM EXAM

PART I: IDENTIFICATION (2 points each)


Identify the following terms based on the given definitions.
_________________________1. The long-term plan designed to achieve an organization’s goals.
_________________________2. The process of defining a company’s direction and allocating resources.
_________________________3. The unique value that sets a business apart from competitors.
_________________________4. The strategic model that categorizes business units based on market share and growth.
_________________________5. A statement that describes the future aspirations of a company.
_________________________6. The type of organizational structure that divides a company by function.
_________________________7. The step in strategic management where strategies are put into action.
_________________________8. The force in Porter’s model that examines the influence of suppliers over pricing.
_________________________9. The analysis framework that evaluates external business factors.
_________________________10. The strategy used by Apple Inc. to sustain its competitive advantage.
_________________________11. A statement that defines the purpose and primary objectives of an organization.
_________________________12. The analysis that identifies Strengths, Weaknesses, Opportunities, and Threats.
_________________________13. The type of organizational structure based on product, geography, or customers.
_________________________14. The process of allocating financial, human, and technological resources efficiently.
_________________________15. The model for managing organizational change consisting of 8 steps.
_________________________16. The force in Porter’s model that refers to the intensity of competition within an industry.
_________________________17. The process of setting objectives, analyzing the environment, and defining strategies.
_________________________18. The step in strategic management where performance is monitored and adjusted.
_________________________19. The framework that includes factors like demographics, culture, and consumer behavior.
_________________________20. The component of strategy execution that involves defining roles and responsibilities.

PART II: TRUE OR FALSE (1 point each)


Write TRUE if the statement is correct and FALSE if incorrect.
___________1. Strategic management is a one-time process that does not require continuous adaptation.
___________2. The mission statement describes what a company aims to achieve in the future.
___________3. Competitive advantage can be based on cost leadership, differentiation, or niche markets.
___________4. PESTEL analysis is used to evaluate internal resources and company strengths.
___________5. Buyer power in Porter’s Five Forces Model refers to the influence of consumers on pricing and demand.
___________6. The Grand Strategy Matrix helps companies decide between growth, stability, or retrenchment strategies.
___________7. Functional structure organizes employees based on business divisions like products or regions.
___________8. Kotter’s 8-Step Model is used to analyze competitors in an industry.
___________9. A strong corporate culture has no impact on the implementation of strategic plans.
___________10. Strategy evaluation involves monitoring company performance and making necessary adjustments.

PART III: ENUMERATION (1 point each)


List the required concepts based on the questions below. Use the back page for your answers.
1-4. Four key objectives of strategic management.
5-10. Six factors in the PESTEL analysis.
11-15. Five forces in Porter’s Five Forces Model.
16-18. Three key components of strategy execution.
19-20. Two types of organizational structures other than functional structure.

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