SM Introduction MCQs Quiz - Blog 4
Strategic Management - Chapter 1 - MCQs 1. What is Strategic Management? a) Management of day-to-day operations b) Long-term planning for achieving specific goals c) Setting up tactical plans for the organization d) Ensuring smooth workflow in the organization 2. Which of the following is a feature of strategic management? a) Short-term orientation b) Reactive in nature c) Proactive decision-making d) Department-specific focus 3. Which of the following is NOT a stage in the strategic management process? a) Strategy Formulation b) Strategy Implementation c) Operational Planning d) Strategy Evaluation 4. SWOT analysis stands for: a) Strengths, Weaknesses, Opportunities, and Threats b) Strategies, Weaknesses, Opportunities, and Tactics c) Strengths, Weaknesses, Opportunities, and Targets d) Success, Weaknesses, Opportunities, and Threats 5. Which of the following best describes a mission statement? a) A summary of the organization's business strategy b) A statement of long-term goal