Mastering Strategic Management Concepts
Mastering Strategic Management Concepts
Challenge your knowledge of strategic management with this comprehensive quiz! Dive into various concepts, frameworks, and theories that shape the field today. This quiz is designed to test your understanding of key strategies and models that are essential for any aspiring business leader.
- Explore critical strategies and their implications.
- Assess your grasp of concepts such as the linear model of strategy and the resource-based view.
- Enhance your strategic thinking and knowledge.
Which of the following is NOT An outcome of Dunphy & Stace (1993) contingency based model change management?
Evidential performance
Dictatorial transformation
Forced evolution
Participative evolution
Which of the following is NOT one of Bourgeois and Brodwin’s (1983) approaches to strategy implementation?
Developmental approach
Commander Approach
Cultural approach
Crevice approach
Managerial attempt to link emergent and deliberate is often referred to as
Combinatorial approach
Logical incremantalism
Recombinant techchnology
Emergent-delibrate move
Which of the following is NOT a critique of the linear model of strategy?
Fallacy of prediction
Fallacy of detachment
Fallacy of formalization
Fallacy of value creation
Which of the following is an outcome of the rationality, frictions and inertia associated with the linear model of strategy?
Political support
Creativity failure
New product development
Strategic foresight
The linear model of strategy’s Emphasis on rationalization can lead to all the following except:
Unqualified acceptance and misapplication of techniques for strategic analysis
Professionalization of the planner’s job by making strategy a science
Excessive emphasis on quantification for strategic decisions
Logical incrementalism
Which of the following school of strategy is NOT a prescriptive perspective on strategy?
Configurational School
Design school
Planning school
Positioning school
Which of the following school of strategy is NOT classified as a descriptive perspective on strategy?
Cognitive school
Planning school
Learning school
Entrepreneurial School
Which of the following is NOT one of the 5Ps of strategy?
Strategy as plan
Strategy as pattern
Strategy as ploy
Strategy as panoptic
According to Barney (1991) resources are likely to provide a competitive advantage when they are Organized, valuable, inimitable and…
Rare
Reified
Expensive
Desirable
Machines, buildings, raw materials, databases, computer systems are examples of…
Human resources
Physical resources
Intellectual resources
Financial resources
Which of the following is NOT a key criteria by which capabilities can be assessed in terms of providing a basis for achieving sustainable competitive advantage?
Valuable
Rare
Inimitable
Transferable
Which of the following might lead to the inimitability of a strategic capability?
Causal ambiguity
Strategic organizing
Economies of scale
Creative forecasting
Which of the following is NOT a characteristic of a core competence?
Provide distinctive consumer benefit
Can be leveraged and alters boundaries of firms
A critique of the strategy linear model
Hard for competitors to imitate
The section marked XXXXXXXXXX in the figure below represents:
Scenario planning
Dynamic capabilities
Resource based view
Organizational capabilities
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