Consider the following statements and identify the correct answer of true statements.
1. When an organisation's survival is threatened and it is not competing effectively, retrenchment strategies are often needed.
2. Turn around strategy is used when an organisation is performing well but has not yet reached a critical stage.
3. Divestment strategy involves selling the business or setting it up as a separate corporation.
4. Liquidation strategy involves closure of business which is no longer profitable.
Which of the following step involves translation or the practical application of chosen strategy into actions in order to achieve the objective and goals of organisation?
Which of the following statement is true? Statement I Setting benchmarks is important for strategy evaluation. Statement II Strategic decisions are production relates decisions that are taken in accordance with the production. Statement III Porter's five force model helps to gauge the level of competition existing in the industry
Which of the following statement is true? Statement I Strategic intent focuses on the purpose of existence of the organisation in the
market. Statement II Vision statement lays down the framework for the formulation of strategies and broad scope of the activities of the organisation. Statement III Goals need to be precise, realistic and measurable that can be achieved in a specific time.
Assertion (A) In an industrial structure, the acquisition of an existing firm in the industry might be a better move than starting up a new venture. Reason (R) There is evidence that internal development might be preferable to acquisition because of differences between culture and shared valued.
Statement I A 'Star' is the market leads, III a high growth market; and it has sufficient cash to support other businesses. Statement II 'Dogs' have weak market share in high-growth market.