semi final - corporate level

Question 1

Involves a series of processes to achieve a particular goal.

Answer 1

implementation

Question 2

Refers to activities or processes which ensures that comprehensive plans formulated at the three levels of management are efficiently executed to achieve the goals and objectives of a company.

Answer 2

strategy implementation

Question 3

Types of Business Organization

Answer 3

sole proprietorship
partnership
corporation

Question 4

Business Organization may engage in:

Answer 4

merchandising
service
manufacturing

Question 4

Elements that influence the ability of a business organization to divide and coordinate its various activities:

Answer 4

patterns of relationship
management control system
leadership style
reward and career system
corporate governance

Question 5

types of patterns of relationships

Answer 5

formal relationships
informal relationships

Question 6

exist because of the adopted formal structure, which is reflected in an organizational chart.

Answer 6

formal relationships

Question 7

are created because of informal groups existing and operating in a company.

Answer 7

informal relationships

Question 8

A ___ of a company exists when there are only few or no layers of management between the managers and employees.

Answer 8

flat structure

Question 9

In a _______ , a company is divided into small units with specific functions, such as marketing, finance, human resources, and production and operations

Answer 9

functional structure

Question 10

Large companies that operate across geographical areas or worldwide adopt a _____ where their business activities are divided according to market product, service, or region.

Answer 10

divisional structure

Question 11

A ______ is a hybrid of the functional and divisional structures.

Answer 11

matrix structure

Question 12

A tool that collects and uses information to assist management in monitoring and reviewing the activities and performances of different functional units.

Answer 12

management control system

Question 13

The _____ practiced in a company greatly influences the degree and seriousness of strategic management implementation.

Answer 13

leadership style

Question 14

leadership styles

Answer 14

autocratic
laissez-faire
democratic
bureaucratic
transformational
translational
situational

Question 15

The ______ of a company is a critical factor in the effective implementation of strategic management.

Answer 15

reward and career system

Question 16

Provides job security and opportunities for career advancement

Answer 16

reward and career system

Question 17

refers to the relationships among shareholders, the board of directors, and the management in terms of functions, roles, responsibilities, and accountabilities.

Answer 17

Corporate governance

Question 18

The one who implement company’s strategy:

Answer 18

1.CEO
2.COO
3.President
4.Vice Presidents
5.Senior Managers

Question 19

A corporate level strategy is implemented through the formulation of the following:

Answer 19

vision nd mission
goals and objectives
strategy and policies

Question 20

What does the business want to become?

Answer 20

vision

Question 21

What is our business now?

Answer 21

mission

Question 22

“ To improve the business profitability level”

Answer 22

goals

Question 23

“To increase the company’s market share”

Answer 23

objectives

Question 24

is a plan formulated to effectively achieve a company’s mission and objectives through the efficient utilization of resources

Answer 24

strategy

Question 25

are internal broad guidelines intended to support the formulation of a strategy in order to achieve organizational goals and objectives through the proper utilization of resources.

Answer 25

policies

Question 26

overall direction of a company

Answer 26

vision

Question 27

purpose of a company’s existence

Answer 27

mission

Question 28

broad results to accomplish

Answer 28

goals

Question 29

specific results to achieve

Answer 29

objectives

Question 30

plans to achieve the goals and objectives

Answer 30

strategy

Question 31

broad guidelines to support the strategy

Answer 31

policies

Question 32

ensure that the organizational structure supports the chosen strategy

Answer 32

structural alignment

Question 33

includes aligning, reporting relationships, decision making processes and communication channels

Answer 33

structural alignment

Question 34

effective to support whatever the strategic objective of your company

Answer 34

resource allocation

Question 35

financial resources, human capital, technology, key assets, investment

Answer 35

resource allocation

Question 36

effectiveness in leading your people is crucial in implementing the strategy, cultivate an organization structure that supports the strategy

Answer 36

leadership and culture

Question 37

develop key performance indicator

Answer 37

performance management

Question 38

employees must understand the strategy

Answer 38

communication training

Question 39

established control to manage deviation – regular reviews

Answer 39

strategic control system

Question 40

foster a culture of continuous learning, create a mechanism for capturing and sharing knowledge that is gained during the implementation process to enhance the future strategic initiatives

Answer 40

organizational learning

Question 41

identifying and assessing the potential risk that could impact successful implementation, develop contingency plans and risk mitigation strategies to address potential strategies

Answer 41

risk management