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Total 280 questions

Strategic Management Questions and Answers

Question 37

QR is a conglomerate with two divisions, A and B. Given the information below, select the most appropriate strategy for each division to implement.

Options:

Question 38

Strategy is usually described as having three different levels: namely corporate strategy, business strategy and functional strategy. Which of the following are corporate strategies? Select ALL that apply.

Options:

A.

A company has decided to invest to increase its levels of service to its key customers.

B.

A company has decided to liquidate its assets and go out of business.

C.

A company has decided to diversify into a new industry

D.

A company has decided to implement pay equality for all its employees

E.

A company has decided to implement a price cut to increase its market share.

F.

A company has decided to implement a cloud based disaster-recovery strategy.

Question 39

CIMA has described the two roles of enterprise governance as 'preventing failure' and 'ensuring success'. CIMA sees 'preventing failure' as being related to having proper risk management and corporate governance procedures in place. CIMA sees 'ensuring success' as being concerned with the practise of strategic management.

 

Which THREE of the following responsibilities of senior management are essential to 'ensuring success' for the Organization?

Options:

A.

Providing leadership and direction to the Organization.

B.

Maintaining awareness and responsiveness to abrupt change in the Organization's environment.

C.

Demonstrating competence in the execution of new initiatives.

D.

Avoiding the dominance of the executive team by particular personalities. 

E.

Ensuring conformance with the codes of corporate governance.

Question 40

BBB operates a small chain of coffee shops within Country X. a mature economy in northern Europe. BBB was established 20 years ago and currently employs over 150 staff in 25 shops located in major towns and cities throughout Country X. BBB attracts a wide range of customers, who are attracted by its extensive menu of coffee products and food Customers can either consume their purchases within the shop or can take their purchases away.

Which THREE of the following external environmental changes would have the greatest impact on BBB in the next three years?

Options:

A.

A worldwide shortage of coffee beans due to climate changes, affecting availability.

B.

The opening of an internationally renowned chain of coffee shops in Country X.

C.

An increase in the national statutory minimum wage in Country X.

D.

A planned refurbishment of 80% of BBB's shops to update its image and increase shop floor space

E.

An increase in the average age of the population in Country X due to falling birth rates.

Page: 10 / 11
Total 280 questions