B.Com In Banking & Insurance (BCBI) Sem V November 2024 November 2024 Strategic Management Question Paper - Mumbai University | munotes

Questions asked in this paper

• e Figures to the right indicate marks

1. Q1 A. Multiple Choice Question: [Answer any eight] 8 marks
   • 1. What is the primary focus of strategic management?
   • A) Operational efficiency
   • C) Financial reporting
   • 2. Which level of strategic management focuses on overall organizational direction?
   • A) Corporate level
   • B) Business level
   • C) Functional level
   • D) Operational level
   • 3. What is benchmarking primarily used for?
   • B) Comparing performance against best practices
   • 4. What role does an information system play in strategic management?
   • A) It provides financial data only
   • B) It supports decision-making and communication
   • C) It eliminates the need for strategy
   • D) It focuses solely on operational efficiency In the model of strategy implementation, the behavioral aspect focuses on:
   • A) Organizational structure
   • B) Employee motivation and culture
   • C) Financial management
   • D) Operational processes
   • 6. The process of strategic choice involves:
   • A) Only choosing the best financial option
   • B) Selecting the most feasible strategy among alternatives
   • C) Deciding on employee promotions
   • 7. Which of the following is a barrier to strategy implementation?
   • A) Clear communication
   • B) Resistance to change
   • C) Supportive leadership
   • D) Adequate resources
   • 8. Which of the following is an example of diversification?
   • A) Acquiring a competitor in the same industry
   • B) Launching a new product line unrelated to existing products
   • C) Expanding into international markets
   • D) Increasing market share in a current market
   • 9. What is the purpose of environmental scanning in strategic management?
   • A) To analyze internal resources
   • B) To evaluate employee performance
   • C) To identify external opportunities and threats
   • D) To assess financial statements
   • 10. SWOT analysis is used to evaluate:
   • A) Strengths and weaknesses only
   • B) Strengths, weaknesses, opportunities, and threats
   • D) Financial performance State whether the following statements are true or false: [Answer any Seven] [07]
   • 1. The political environment is a crucial factor in strategic management
   • 2. Environmental scanning only assesses internal factors of the organization
   • 3. Corporate-level strategy is concerned with the overall direction of the organization 4, A principle of good strategy is to avoid setting clear objectives
   • 5. Diversification involves expanding into unrelated business areas
   • 6. Information systems play a vital role in supporting decision-making and facilitating communication in strategic management The strategic choice process only considers financial options
   • 8. Financial analysis is the only type of strategic control used in organizations
   • 9. Resistance to change is a common barrier to effective strategy implementation
   • 10. The behavioral aspect of strategy implementation focuses on organizational structure only
2. Q2 A. List and explain the various levels of strategic management. [7.5]
   • B. Explain the process of strategic management. [7.5]
3. Q2 A. Describe the different models of strategic management. [7.5]
   • B. Howcanacompany apply the principles of good strategy in its decision-making process? [7.5]
4. Q3 A. Define environmental scanning in the context of strategic management. [7.5]
   • B. Explain the role of politics in strategic management. [7.5]
5. Q3 A. How do social, political, and technological forces affect an organization's strategic decisions? [7.5]
   • B. businesses adapt their strategies in response to changes in the national or global [7.5]
6. Q4 A. Analyze the factors that influence the strategic choice process. [7.5]
   • B. Explain the various corporate-level strategies? [7.5]
7. Q4 A. Create a model that integrates structural, behavioral, and functional aspects for a cohesive [7.5]
   • B. Explain the process of the strategy implementation? [7.5]
8. Q5 A. What are the different types of strategic control? [7.5]
   • B. Explain the various techniques of Evaluation and Control. [7.5]
9. Q5 Notes: [Any Three] 1 Key elements of strategic management 3 Process of Strategic Choice Role of Information System 5 Impact of Legal Factors in Strategic Management 15 marks

Read from the scan above, so a character or two may differ. The scan is the original.