TMA

TMA3/BUS427 – Business Policy & Strategy I

TMA Quiz Questions
TMA: TMA3/BUS427
SCORE=10.00
BUS427 – Business Policy & Strategy I
Ms Katagum Bilkisu (bkatagum@noun.edu.ng )
1 Corporate-level strategies concern top management and address ………………….. issues of facing the organization as a corporate whole.
2 An organisation uses different types of ………………………….. and exhibits a certain type of behaviour.
3 Organisational capability rests on an ………………………………………. capacity and the ability to use its competencies to excel in a particular field, thereby giving it strategic advantage.
4 Parameters affecting the function of a business policy ……………………….. can be introduced in three places.
5 The concept of organisational learning has spawned a whole …………………… of strategy thought.
6 Crossan, Lane and ………………. (1997) define organisational learning as ‘the process of change in individual and shared thought and action, which is effected by and embedded in the institutions of the organization.
7 Organisational capability factors are the strategic strengths and weaknesses existing in different functional areas within an organisation, which are of crucial importance to strategy ………………………..and implementation.
8 Capabilities are most often developed in specific functional areas such as marketing or operations or in a part of a functional area such as distribution or research and ……………………….
9 On the basis of the organization’s ideology of philosophy, the goals of the organisation are translated into objectives and …………………………
10 Objectives and policy together provide ……………………….. guidelines for the operation and management of the organization.
11 Hicks & Gullett (1985) stated that once ……….. have been established, a top-level manager consider the numerous ways in which this goal could be accomplished.
12 Operational strategy was popularised and encouraged by……………….
13 Managers must be ……………………… and operate within corporate policy guidelines while formulating policies at these levels.
14 In general, it is advisable that managers review all policies periodically, as some might have outgrown their original …………………….. or usefulness.
15 Policy is a blueprint of the organizational activities which are repetitive/routine in …………………………………
16 Policies in their nature can vary in their level of ……………………………………………. significance.
17 In the mid-1990’s, Aetna as a corporation was clearly identified with its commercial and property casualty ……………………………….. products.
18 Corporations are responsible for creating ……………………. through their businesses.
19 Michael Porter identified three generic strategies such as cost leadership, differentiation, and ………………………….
20 The functional level of the organization is the level of the ……………………………. divisions and departments.
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