3. Strategy is not a substitute for-

4.   Survival and success of any organisation depends on-

6.Following are the limitations of strategic management except:-

7.  Values are:-

8. Development of strategies for individual business is the responsibility of :-

9. Read the following statements:-
(i) SM helps to define goals & objectives.
(ii) SM does not provide framework for all major decisions of business. (iii) SM helps organization to be proactive instead of reactive. which are the following true-

10. "What business are we in & what we do?" .....is a:-

11. "Where we are to go?" .....is a:-

12. ........... refers to all the external factors, influences or situations that in some way affect business decisions, plans & operations.

13. Internalisation enables a business to:-

13. At this stage of product life cycle, competition gets tough and market gets stabilised:-

14. ..........can be used to diagnose product portfolio in order to establish the stage at which each of them exists.

15. Experience curve results from a variety of factors except:-

16. .........are those things that effect industry members' ability to prosper in the marketplace.

17. Rearrange the steps to Understand the competitive landscape:-

(i) Determine the strength of competitor (ii) Identify the competitor (iii) Put all the information together (iv) Understand the competitor (v) Determine the weakness of competitor

Inherent capability of an entity which helps it to obtain competitive advantage is

Rolls-Royce sells limited number of high-end, custom-built cars.
Which strategy is being used by the company?

When the demand for a product is irregular due to
season, some parts of the day, or on hour basis, causing idle capacity or
overworked capacities, it is called as