Quiz: Lets check Your understanding in HR Strategy

Quiz: Do you understand Process Of Strategic Management?

Direction :

For each statement, choose the correct answer

Quiz: Do you understand Process Of Strategic Management?

Direction :

For each statement, choose the correct answer

1. In a hyper-competition situation, a company faces only a few competitors.

True

False

2. Stakeholders are individuals and groups unaffected by the organization and its strategic accomplishments..

True

False

3. It is advisable to combine a cost leadership strategy with a differentiation strategy to get better results..

True

False

4. In BCG Matrix, businesses or products with high-market-shares in high-growth markets are referred to as

A. Cash cows

B. Laggards

C. Stars

D. Dogs

5. PT Maju Sejahtera changes its business strategy from a focused differentiation strategy to a focused cost leadership one. Which of the following steps in the process of strategic management ideally includes this action?..

A. Strategy formulation

B. Strategy identification

C. Strategy analysis

D. Strategy outcourcing

6. A(n) ________ expresses the organization's reason for existence in society. A focused cost leadership one. Which of the following steps in the process of strategic management ideally includes this action?..

A. Statement of purpose

B. Mission statement

C.Cash flow statement

D. Operating objective

7. Strategic analysis typically refers to the process of:

A. Crafting strategies to guide the allocation of resources.

B. Analyzing the organization’s competitive position

C.Directing the total enterprise

D. Revising objectives and selecting new strategies

8. In the process of strategic management, strategic implementation is typically followed by strategic analysis..

A. True

B. False

9. The strategic management process begins with analysis of mission, values, and objectives...

A. True

B. False

10. Anything that a firm does especially well compared to rival firms is referred to as:

A. Competitive advantage.

B. Comparative advantage

C. An external opportunity

D. Opportunity cost

Quiz: Lets check Your understanding in HR Strategy

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