Strategic Management Nptel Week 3 Assignment Answers
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Strategic Management Nptel Week 3 Assignment Answers (July-Dec 2025)
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Question 1. If a company’s vision was a roadmap, what would it primarily offer to its team?
a) A random collection of destinations with no specific order.
b) Clear directions and a sense of the path to take to reach the ultimate goal.
c) A map of past journeys, without future destinations.
d) Multiple routes with too many choices.
Question 2. In a meeting to develop the vision for his new company, Narayan Murthy suggested a bold and aspirational vision statement. Which of the following reflects his proposed vision?
a) “Let’s become the fastest-growing tech company in India.”
b) “Why don’t we aim to be India’s most respected company?”
c) “We should try to become India’s largest software company.”
d) “Our goal should be to revolutionize the global technology industry.”
Question 3. Which of the following is NOT a recommended approach when wording a vision statement?
a) Be graphic
b) Be forward looking
c) Make it memorable
d) Dwell on present situation
Question 4. Which of the following does not belong in an ideal mission statement?
a) A description of the products and services offered.
b) A focus on specific buyer needs and target markets.
c) An outline of detailed financial performance goals.
d) A clear expression of the company’s identity.
Question 5. How many stages of the strategic management process involve making a strategic plan?
a) 1 stage
b) 2 stages
c) 3 stages
d) 4 stages
Question 6. What is the managerial purpose of setting objectives in an organization?
a) To convert the vision statement into specific mission statement.
b) To convert the vision and mission into specific performance targets.
c) To create a long-term plan for the company’s growth.
d) To delegate tasks among employees.
These are Strategic Management Nptel Week 3 Assignment Answers
Question 7. Which of the following is/are not an example(s) of a financial objective for a company? (MSQ)
a) Increasing customer satisfaction scores by 10% in the next year.
b) Annual dividend increases of 10%
c) Profit margins increase of 15%
d) Expanding market share in the European market by 5%.
e) Enhancing product quality through innovation.
f) Growing annual revenues by 15% over the next 3 years.
Question 8. What is a dividend?
a) The total income earned by a company from its operations.
b) A part of a company’s profit paid to shareholders.
c) A product sold by a company to customers.
d) A part of company’s profit retained by company.
Question 9. Which of the following represents the correct order of strategies in the strategy-making hierarchy, from the highest to the lowest level?
a) Corporate Strategy → Functional Strategy → Business Strategy → Operational Strategy
b) Corporate Strategy → Business Strategy → Functional Strategy → Operational Strategy
c) Business Strategy → Corporate Strategy → Operational Strategy → Functional Strategy
d) Operational Strategy → Business Strategy → Corporate Strategy → Functional Strategy
Question 10. Which of the following is considered the most demanding and time-consuming part of the strategy management process?
a) Formulating the strategy
b) Setting objectives and goals
c) Implementing the strategy
d) Evaluating the strategy
These are Strategic Management Nptel Week 3 Assignment Answers