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MGT603 Strategic Management Current Mid Term Papers May 2011, (Spring 2011)

Current Spring 2011 Papers, May 2011 Papers, Mid Term Spring 2011 Papers, Solved Papers, Solved Past Papers, Solved MCQs

Please Share your Current Papers Questions/Pattern here to help each other. Thanks

 

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Question No: 29 ( Marks: 3 )
What are the two basic types of R & D that can take place in an organization? Lesson 16

Question No: 31 ( Marks: 5 )
Mr. Mansoor is a finance manager of a firm. He is asked to prepare a financial ratio analysis. What can be the possible limitations of his analysis? Lesson 12, 15

Question No: 32 ( Marks: 5 ) Lesson 19
Mergers or acquisitions are the methods by which two companies combine to form a larger company. What can be the reasons for acheiving mergers or acquisitions?

Question No: 29 ( Marks: 3 )
Planning function is mostly carried out by managers in strategy formulation stage. What activities are performed under this function? Lesson 01
Answer:
Following functions are performed under strategy formulation stage:
1-Vision and Mission Statement (target of the organization)
2-Stregnths and Weaknesses.(Internal factors.)
3-Opportunities and Threats.(External factors)
Strategy formulation is concerned with setting long term goals and objectives , generating strategies to achieve those goals.

Question No: 30 ( Marks: 3 )
What should be the characteristics of a firm that is successfully pursuing a Cost Leadership Strategy? Enlist any six of them. Lesson 19
Answer:
Six characteristics of successfully persuing cost leadership strategy firm:
1-Limited perks.
2-High efficiency.
3- Low overhead.
4-Wide spans of control.
5-Intensive screening of budget.
6-Employees participation in cost control efforts.

Question No: 31 ( Marks: 5 )
List down and explain five steps that comprise an effective framework for conducting an IFE Matrix. Lesson 12
Steps involved in the development of IFE Matrix:
1-List any internal factors identified in the internal audit. Only ten to twenty factors will be enough including strengths and weakness. Use percentage, ratios and comparative numbers.
2-Assign weights to each factor ranging from 0 to 1.The rates assigned indicate the relative importance of each factor to being successful. Sum of all weights must be equal to 1.
MIDTERM EXAMINATION
SPRING 2011 (SESSION 2)
12-05-2011

Question No: 1 ( Marks: 1 ) - Please choose one
All of following are the factors of organizing, except
Job enrichment
Unity of command
Job design
Job analysis

Question No: 2 ( Marks: 1 ) - Please choose one
All of the following fall under the category of ‘Process” function of production
management EXCEPT:
► Choice of technology
► Quality assurance
► Process flow analysis
► Transportation analysis

Question No: 3 ( Marks: 1 ) - Please choose one
Which component of a mission statement addresses the basic beliefs, values,
aspirations, and ethical priorities of the firm?
► Technology
► Philosophy
► Customers
► Self-concept

Question No: 4 ( Marks: 1 ) - Please choose one
“Identifying and evaluating social, political, economic, technological and competitive
trends and events”; which of the followings best describes this statement?

► Developing an effective mission statement
► Conducting an internal audit
► Performing an external audit
► Formulating strategy

( Marks: 1 ) - Please choose one

A mission statement should “reconcile interests among diverse stakeholders”. What
does it mean?
► All shareholders must be satisfied
► Shareholders should be given preference over customers
► Firm will devote attention to meeting claims of various stakeholders
► Firm will devote its attention towards the maximization of shareholders value

Question No: 6 ( Marks: 1 ) - Please choose one
Which of the following is sometimes referred as “the mystery approach to decision
making, when subordinates are left to figure out what is happening and why”?
► Managing by hope
► Managing by extrapolation
► Managing by crisis
► Managing by subjective

Question No: 7 ( Marks: 1 ) - Please choose one
Which of the following allows an organization to test alternative marketing plans
and to forecast future sales of new products?
► Marketing
► Advertisement
► Test marketing
► Customer analysis

Question No: 8 ( Marks: 1 ) - Please choose one
What refers to a strategy of seeking ownership of or increased control over a firm’s
competitors?
► Forward integration
► Conglomerate diversification
► Backward integration
► Horizontal integration

Question No: 9 ( Marks: 1 ) - Please choose one
______________can be the most important part of an external audit for firms that
depend heavily on government contracts.
Environmental forecasts
Demographic forecasts
Technological forecasts

Question No: 10 ( Marks: 1 ) - Please choose one
Suppose, the value of the currency of a certain country falls, what can be the affection
companies in Different Industries and in Different Locations in that country respectively?
► Significant and equal
► Marginal and equal
► Significant and unequal
► Insignificant and unequal

Question No: 11 ( Marks: 1 ) - Please choose one
Assigning 1 rating to a key external factor indicates that:
► Response is superior
► Response is above average
► Response is average
► Response is poor

Question No: 12 ( Marks: 1 ) - Please choose one
The steps required to perform cost/benefit analysis include all BUT:
► comparing the total costs with the total benefits
► Figure out the total costs associated with a decision
► Approximation of the total benefits from the decision
► Adding the total cost and total benefit

Question No: 13 ( Marks: 1 ) - Please choose one
Which of the following environment includes all those factors which affect the
organization and is itself affected by the organization?
► Task environment
► Social environment
► External environment
► Internal environment

Question No: 14 ( Marks: 1 ) - Please choose one
Which of the following period strategic management was considered to be cure for all
problems?
Mid 1950s to mid 1960s
Mid 1960s to mid 1970s
Mid 1970s to mid 1980s
Mid 1980s to mid 1990s

( Marks: 1 ) - Please choose one

Waseem & Sons primarily want to gain control over the prices charged to consumers.
What strategy will most likely be followed by Waseem & Sons?
► Market penetration
► Product development
► Forward integration
► Concentric Diversification

Question No: 16 ( Marks: 1 ) - Please choose one
Which of the following is a key merit of strategic management?
► Strategic management enables an organization to be proactive
► Strategic management enables an organization to avoid the threats
► Strategic management enables an organization to defeat their competitors
► Strategic management enables an organization to foresee into the future

Question No: 17 ( Marks: 1 ) - Please choose one
According to ‘Peter Drucker’, what is the prime task of strategic management?
To develop the vision of the business
Effectively evaluate the strategies
To think through the overall mission of a business
Develop alternative set of strategies

( Marks: 1 ) - Please choose one

Political variables have a significant effect on which one of the following?
Formulation and implementation of strategy
Formulation and evaluation of a strategy
Implementation and evaluation of a strategy
Formulation, implementation and evaluation of a strategy

Question No: 19 ( Marks: 1 ) - Please choose one
The investment decision is also called ___________________
► Capital budgeting
► Financing decision
► Dividend decisions
► None of the mentioned options

Question No: 20 ( Marks: 1 ) - Please choose one
Carefully prepared statements of vision and mission are widely recognized as
The last step of strategic management
Middle level steps in strategic management
The first step in strategic management
None of the mentioned options

Question No: 21 ( Marks: 1 ) - Please choose one
Mostly large firms are initiating plans to acquire another unrelated business
because it represents the most promising investment opportunity that is available to
them. This type of strategic plan is known as:
► Conglomerate diversification
► Backward integration
► Concentric diversification
► Divestiture

Question No: 22 ( Marks: 1 ) - Please choose one
Mergers and acquisitions are created for all of the following reasons EXCEPT:
► For gaining new technology
► For reduction of tax obligations
► For gaining economies of scale
► For increase in number of employees

Question No: 23 ( Marks: 1 ) - Please choose one
What will happen to the Pakistani exports in overseas markets when there is a
strong
value of rupee?
► Pakistani exports will be less expensive
► Pakistani exports will be more expensive
► Pakistani exports will be more attractive
► Pakistani exports will be desirable

Question No: 24 ( Marks: 1 ) - Please choose one
Which one of the following is NOT is a basic mission of a competitive intelligence
program?
► To provide a general understanding of an industry
► To provide a general understanding of a company’s competitors
► To identify industry executives who could be hired by the firm
► To identify potential moves a competitor might make that would endanger a firm

Question No: 25 ( Marks: 1 ) - Please choose one
Which of the following should be created first and foremost by a strategist?
► Strategy
► Objectives
► Vision
► Mission

( Marks: 1 ) - Please choose one

Which of the following is not a component of Economic Forces?

Demand shifts for goods/services
Ethnic balance changing
Income differences by region/customer
Price fluctuations

There were 2 more questions which I forget.

( Marks: 3 )

What are strengths and weaknesses of an organization? Explain with examples.

( Marks: 3 )

Vertical integration is the degree to which the firm owns its upstream and
its downstream buyers. What can be the possible benefits if the firm goes
for vertical integration?

( Marks: 5 )

List down and explain five steps that comprise an effective framework for
conducting an IFE Matrix.

( Marks: 5 )

Mr. Aslam is a finance manager of a firm. He is asked to prepare a financial
ratio analysis. What can be the possible limitations of his analysis?
Aoa, I attempted my mgt603 ppr today. All mcq were from past pprs n quiz
files. Subjective Q were as follows:-


Organizing is a management’s function which helps getting things done. What
are the three sequential activities performed in controlling. 3marks (I
didn’t write this answer in proper sequence)

*The organizing function of management can be viewed as consisting of three
sequential activities: breaking tasks down into jobs (work specialization),
combining jobs to form departments (departmentalization), and delegating
authority. Breaking tasks down into jobs requires development of job
descriptions and job specifications. Hand outs pg 56*

What is market penetration strategy, explain with the help of an example.
3marks

Give example of atleast 2 companies in Pakistan pursuing backward
integration. Justify your answer. 5marks

Watson incorporation is introducing management information system. How can
this system aid management in decision making.5marks
All Mcq comes in the past papers

Subjective:

1. Vertical integration is the degree to which the firm owns its upstream and its downstream
buyers. What can be the possible benefits if the firm goes for vertical integration?(3)

2. Explain test marketing and its significance for an organization.(3)
3. Explain Merger and Acquisition with the help of examples (examples should be related to a
multinational or local company operating in Pakistan)?(5)

4. What are the major stakeholders that affect pricing decisions?(5)
Aoa, I attempted my mgt603 ppr today. All mcq were from past pprs n quiz
files. Subjective Q were as follows:-


Organizing is a management’s function which helps getting things done. What
are the three sequential activities performed in controlling. 3marks (I
didn’t write this answer in proper sequence)

*The organizing function of management can be viewed as consisting of three
sequential activities: breaking tasks down into jobs (work specialization),
combining jobs to form departments (departmentalization), and delegating
authority. Breaking tasks down into jobs requires development of job
descriptions and job specifications. Hand outs pg 56*

What is market penetration strategy, explain with the help of an example.
3marks

Give example of atleast 2 companies in Pakistan pursuing backward
integration. Justify your answer. 5marks

Watson incorporation is introducing management information system. How can
this system aid management in decision making.5marks
See the attached file please for MGT603 Mid term Spring 2011 Paper
Attachments:
One more MGT603 Mid term Spring 2011 Paper
Attachments:
my today's paper

28 mcq's

What are the activities of the strategic evaluation stage? ( 3 Marks )

Explain prospective strategy. give example from local or multinational organized firm in Pakistan. ( 3 Marks )

What is customer analysis? What is its significance? ( 5 Marks )

What is intensive strategy? Give two examples. ( 5 Marks )
PAPER WAS ALHAMDULILAH GOOD;
25 MCQS FROM PAST
3 MCQS NEW

QUESTION#1
(marks 3)
What are possible decisions taken by operational manager while managing workforce

QUESTION#2

In your opinion, what can be the circumstances when a Low Cost Producer in an industry
brings effectiveness?

(marks 3)

QUESTION#3

Critically analyze the statement “Internal audit provides more opportunities to the
participant to understand how their jobs , departments and division fit into whole
organization as compare to external audit”

(marks 5)

QUESTION#4
(marks 5)
“Horizontal integration is the acquisition of additional business activities at the same
level of value chain and now a days being widely used as a growth strategy”
What can be the situation when horizontal integration is assumed to be effective?
My Today's Paper
28 quiz 50% old 50 % New

]
Question No: 29 ( Marks: 3 )
In your opinion, what can be the circumstances when a Low Cost Producer in an
industry
brings effectiveness?

Question No: 30 ( Marks: 3 )
what are possible decisions taken by operational manager while managing workforce

Question no. 31 (Marks 5)

what is the role of financial ratios in internal audit?

not remember last question
 
Mr Mansoor is finance manager of a firm. he is asked to prepare a financial statement analysis. waht can be the posible limitations of that anaylsis. (5)

Market development is best policy in which conditoins..(5)

Planing in strategy formulation stage (3)

what is diversifiacation (5)

cost benifits analysis (3)

Market penetration (5)

Midterm Paper of Strategic Management (MGT- 603) (session-3, 5 – 6 PM) 14-05-11

 

Muhammad Usman MBA 4th semester

 

 

Question: ( Marks: 3 )

What should be the characteristics of a firm that is successfully pursuing a Cost Leadership Strategy? Enlist any six of them.

Answer:

Six characteristics of successfully pursuing cost leadership strategy firm:

1-Limited perks.

2-High efficiency.

3- Low overhead.

4-Wide spans of control.

5-Intensive screening of budget.

6-Employees participation in cost control efforts.

Question: ( Marks: 3 )

Explain test marketing and its significance for an organization.

Answer:

Test markets allow an organization to test alternative marketing plans and to forecast future sales of new products. In conducting a test market project, an organization must decide how many cities to include, which cities to include, how long to run the test, what information to collect during the test, and what action to take after the test has been completed. Test marketing is used more frequently by consumer goods companies than by industrial goods companies. Test marketing can allow an organization to avoid substantial losses by revealing weak products and ineffective marketing approaches before large-scale production begins.

Question: ( Marks: 5 )

Mergers or acquisitions are the methods by which two companies combine to form a larger company. What can be the reasons for achieving mergers or acquisitions?

 

Question: (5 Marks)

What do you understand about marketing research and what are its implications on a firm.

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