TMA

TMA4/BUS427 – Business Policy & Strategy I

TMA Quiz Questions
TMA: TMA4/BUS427
SCORE=8.50
BUS427 – Business Policy & Strategy I
Ms Katagum Bilkisu (bkatagum@noun.edu.ng )
1 The strategic issues at the ………….level are related to business processes and the value chain.
2 Strategic ………………………….. has now evolved to the point that its primary value is in helping the organisation operate successfully in a dynamic, complex environment.
3 Environmental scanning is the monitoring, evaluating and disseminating of information from the external and internal environments to key people within the ………………………
4 Strategy formulation is the development of long-range plans for the effective management of environmental opportunities and threats, in the light of ……………… strengths and weaknesses.
5 An organisation’s ………………..is the purpose or reason for the organisation’s existence.
6 The resolution of strategic issues that affect the …………………… of a business firm has been a continual endeavour
7 The general managers of tomorrow may be called upon to shoulder a set of entirely new responsibilities necessitating a drastic review of the emerging ……………… and techniques in business policy.
8 Business policy seeks to …………………………………….. the knowledge and experience gained in various functional areas of management.
9 Regardless of the level of management a person belongs to, business policy helps to create an understanding of how policies are ……………………….
10 …………………….strategy is the short term game plan
11 ……………………………………….acknowledged that policy denotes afuture action course of intention towards the organisation activities
12 Organisational behaviour is unique in the sense that it leads to the ………………….. of a special identity and character of an organisation.
13 Organisational resources and behaviour combine in a complex fashion to create strengths and weaknesses within the ………………………….. environment of an organisation.
14 ………………………… is an inherent capability which an organisation can use to gain strategic advantage.
15 Financial strength, for example, is a result of the availability of sources of finances, low cost of capital, efficient use of …………………., etc.
16 …………………………..is the inherent nature of organisations that strengths and weaknesses, like resources and behaviour, do not exist individually, but combine in a variety of ways.
17 The resources,……………………………, strengths and weaknesses, synergistic effects and competencies of an organisation determine the nature of its internal environment.
18 The dynamics of the ……………………………. environment of an organisation can be best understood in the context of the resource-based view of firms or the resource-based theory of strategy.
19 The physical resources are the …………………, plant and equipment, geographic location, access to raw materials, etc.
20 Corporate level strategy fundamentally is concerned with the selection of businesses in which the company should compete and with the development and ………………..of that portfolio of business.
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