Strategic Management - Study Mode
[#341] Which of the following involves division and distribution of people into teams and groups and aligning them with the available resources?
Correct Answer
(C) Structure
[#342] Assertion (A) In an industrial structure, the acquisition of an existing firm in the industry might be a better move than starting up a new venture. Reason (R) There is evidence that internal development might be preferable to acquisition because of differences between culture and shared valued.
Correct Answer
(B) Both (A) and (R) are correct, but (R) is not the correct explanation of (A)
[#343] How many elements are there in the McKinsey Framework?
Correct Answer
(A) 7
[#344] Which of the following is a plan or blueprint that helps the organisation to achieve its long-term goals and mission?
Correct Answer
(D) Strategy
[#345] Which of the following is not a recognized element of corporate strategy?
Correct Answer
(A) Competitive advantage
Explanation
Solution: Competitive advantage is not a recognized element of corporate strategy. Competitive advantage refers a company's ability to outperform rivals due to unique, high demand, or superior quality products or services.