Strategy – NBC Institute

CSME – Nov 2016 – L2 – Q7b – Strategic Implementation

Discuss five types of organizational structures and their corresponding strategies.

Question

Discuss any FIVE types of structure, explaining the kinds of strategy that might necessitate each type.

Answer

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Tags: Business Structure, Divisional, Functional, Matrix, Organizational Structure, Strategy
Level: Level 2

Topic: Strategic Implementation
Series: NOV 2016

CSME – Nov 2016 – L2 – Q7a – Strategic Implementation

Discuss the principle of "Structure follows Strategy" in organizational management.

Question

“Structure follows strategy”. Discuss.

Answer

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Tags: Business Strategy, Coordination, Organizational Structure, Strategy
Level: Level 2

Topic: Strategic Implementation
Series: NOV 2016

BMF- Nov 2014 – L1 – SA – Q5 – The Business Environment

Identifies the statement that defines the purpose and direction of an organisation.

Question

Which of the following defines the purpose of an organisation and gives the direction in which it is heading?

A. Vision statement
B. Mission statement
C. Business objective
D. Strategic intent
E. Organisational goal

Answer

Find Related Questions by Tags, levels, etc.

Tags: Business Objectives, Mission, Organisational Goals, Strategy, Vision
Level: Level 1

Topic: The Business Environment
Series: NOV 2014

QTB – May 2015 – L1 – SB – Q4 – Operations Research

This question requires calculating the average machine life, replacement costs, and determining the best replacement strategy for ATM machines in a bank.

Question

The management of a bank observed that the disruption of the bank ATM services was due to the age of the machines. Data on ATM failure is as follows:

Year after replacement	1	2	3
Cumulative % of failures	30%	75%	100%

It was further observed that 1,000 units of these machines are in use nationwide and they can be replaced collectively for N5 million per machine. If replaced individually, they cost N30 million per machine.

You are required to calculate:
a.
i. Average machine life (2 Marks)
ii. Average number of replacements per year (2 Marks)
iii. Cost of individual replacement per year (2 Marks)
iv. Cost of mass replacement at the end of the year (12 Marks)

b. Determine the best replacement strategy (2 Marks)

Answer

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Tags: ATM Services, Cost Analysis, Machine Life, Replacement Theory, Strategy
Level: Level 1

Topic: Operations Research
Series: MAY 2015

BF – Nov 2015 – L1 – SA – Q18 – Basic Management Functions

Identifying what is not a functional strategy.

Question

Which of the following options is NOT a functional strategy?
A. Marketing strategy
B. Production strategy
C. Personnel strategy
D. Financial strategy
E. Diversification strategy

Answer

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Tags: Business, Functional Strategy, Strategy
Level: Level 1

Series: NOV 2015

BF – Nov 2015 – L1 – SA – Q16 – Basic Management Functions

Identifying how public sector strategy differs from private sector strategy.

Question

Strategy in the public sector differs from that in the private sector because:
A. They do not have customers
B. They do not have stakeholders
C. Planning horizons are determined by political considerations rather than market conditions
D. They do not have to make a profit
E. They do not manage cost

Answer

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Tags: Private Sector, Public Sector, Strategy
Level: Level 1

Topic: Basic Management Functions
Series: NOV 2015

BF – Nov 2015 – L1 – SA – Q13 – Basic Management Functions

Identifying the term for superior performance relative to rivals.

Question

The appropriate term for anything that a firm does better especially when compared to rival firms is called:
A. Opportunities
B. Core competence
C. Performance
D. Competitive advantage
E. Capability

Answer

Find Related Questions by Tags, levels, etc.

Tags: Competitive Advantage, Core Competence, Strategy
Level: Level 1

Topic: Basic Management Functions
Series: NOV 2015

BF – Nov 2015 – L1 – SA – Q9 – Investment Decisions

dentifying what is NOT a feature of SWOT analysis.

Question

Which of the following is NOT a feature of SWOT analysis?
A. Strategic gap
B. Competitive threats
C. Opportunities availability
D. Weaknesses
E. Competitive advantage

Answer

Find Related Questions by Tags, levels, etc.

Tags: Business Planning, Strategy, SWOT Analysis
Level: Level 1

Topic: Basic Management Functions
Series: NOV 2015

SCS – Nov 2020 – L3 – Q1 – Strategy, stakeholders and mission

Explain how the mission statement of GGOH can be made relevant to the future success of the organization.

Question

A mission statement can have several different purposes. In reference to the mission statement of GGOH, explain how management can make it relevant to the future success of the organization. (10 marks)

Answer

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Tags: Business Objectives, Management, Mission Statement, Strategy, Success
Level: Level 3

Topic: Strategy, stakeholders, and mission
Series: NOV 2020

SCS – May 2021 – L3 – Q1 – Strategy implementation

Explain the skills suggested by the Rosabeth Moss Kanter theory that managers should have to change-adept in order to help improve profitability.

Question

Edwin is concerned that the current skill sets of his directors are not sufficient to drive any change management in SBL. At a discussion during a board meeting, the directors vehemently disagreed.

Required:
Explain to SBL’s board, using the Rosabeth Moss Kanter theory, suggested skills that managers should have in order to change-adept to help improve profit. (10 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Change Management, Managerial Skills, Rosabeth Moss Kanter, SBL Board, Strategy
Level: Level 3

Topic: Strategy implementation
Series: MAY 2021

CSME – Nov 2016 – L2 – Q7b – Strategic Implementation

Discuss five types of organizational structures and their corresponding strategies.

Question

Discuss any FIVE types of structure, explaining the kinds of strategy that might necessitate each type.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Business Structure, Divisional, Functional, Matrix, Organizational Structure, Strategy
Level: Level 2

Topic: Strategic Implementation
Series: NOV 2016

CSME – Nov 2016 – L2 – Q7a – Strategic Implementation

Discuss the principle of "Structure follows Strategy" in organizational management.

Question

“Structure follows strategy”. Discuss.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Business Strategy, Coordination, Organizational Structure, Strategy
Level: Level 2

Topic: Strategic Implementation
Series: NOV 2016

BMF- Nov 2014 – L1 – SA – Q5 – The Business Environment

Identifies the statement that defines the purpose and direction of an organisation.

Question

Which of the following defines the purpose of an organisation and gives the direction in which it is heading?

A. Vision statement
B. Mission statement
C. Business objective
D. Strategic intent
E. Organisational goal

Answer

Find Related Questions by Tags, levels, etc.

Tags: Business Objectives, Mission, Organisational Goals, Strategy, Vision
Level: Level 1

Topic: The Business Environment
Series: NOV 2014

QTB – May 2015 – L1 – SB – Q4 – Operations Research

This question requires calculating the average machine life, replacement costs, and determining the best replacement strategy for ATM machines in a bank.

Question

The management of a bank observed that the disruption of the bank ATM services was due to the age of the machines. Data on ATM failure is as follows:

Year after replacement	1	2	3
Cumulative % of failures	30%	75%	100%

b. Determine the best replacement strategy (2 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: ATM Services, Cost Analysis, Machine Life, Replacement Theory, Strategy
Level: Level 1

Topic: Operations Research
Series: MAY 2015

BF – Nov 2015 – L1 – SA – Q18 – Basic Management Functions

Identifying what is not a functional strategy.

Question

Which of the following options is NOT a functional strategy?
A. Marketing strategy
B. Production strategy
C. Personnel strategy
D. Financial strategy
E. Diversification strategy

Answer

Find Related Questions by Tags, levels, etc.

Tags: Business, Functional Strategy, Strategy
Level: Level 1

Series: NOV 2015

BF – Nov 2015 – L1 – SA – Q16 – Basic Management Functions

Identifying how public sector strategy differs from private sector strategy.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: Private Sector, Public Sector, Strategy
Level: Level 1

Topic: Basic Management Functions
Series: NOV 2015

BF – Nov 2015 – L1 – SA – Q13 – Basic Management Functions

Identifying the term for superior performance relative to rivals.

Question

The appropriate term for anything that a firm does better especially when compared to rival firms is called:
A. Opportunities
B. Core competence
C. Performance
D. Competitive advantage
E. Capability

Answer

Find Related Questions by Tags, levels, etc.

Tags: Competitive Advantage, Core Competence, Strategy
Level: Level 1

Topic: Basic Management Functions
Series: NOV 2015

BF – Nov 2015 – L1 – SA – Q9 – Investment Decisions

dentifying what is NOT a feature of SWOT analysis.

Question

Which of the following is NOT a feature of SWOT analysis?
A. Strategic gap
B. Competitive threats
C. Opportunities availability
D. Weaknesses
E. Competitive advantage

Answer

Find Related Questions by Tags, levels, etc.

Tags: Business Planning, Strategy, SWOT Analysis
Level: Level 1

Topic: Basic Management Functions
Series: NOV 2015

SCS – Nov 2020 – L3 – Q1 – Strategy, stakeholders and mission

Explain how the mission statement of GGOH can be made relevant to the future success of the organization.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: Business Objectives, Management, Mission Statement, Strategy, Success
Level: Level 3

Topic: Strategy, stakeholders, and mission
Series: NOV 2020

SCS – May 2021 – L3 – Q1 – Strategy implementation

Explain the skills suggested by the Rosabeth Moss Kanter theory that managers should have to change-adept in order to help improve profitability.

Question

Edwin is concerned that the current skill sets of his directors are not sufficient to drive any change management in SBL. At a discussion during a board meeting, the directors vehemently disagreed.

Required:
Explain to SBL’s board, using the Rosabeth Moss Kanter theory, suggested skills that managers should have in order to change-adept to help improve profit. (10 marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Change Management, Managerial Skills, Rosabeth Moss Kanter, SBL Board, Strategy
Level: Level 3

Topic: Strategy implementation
Series: MAY 2021

Question Tag: Strategy

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CSME – Nov 2016 – L2 – Q7b – Strategic Implementation

Discuss five types of organizational structures and their corresponding strategies.

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CSME – Nov 2016 – L2 – Q7a – Strategic Implementation

Discuss the principle of "Structure follows Strategy" in organizational management.

You're reporting an error for "CSME – Nov 2016 – L2 – Q7a – Strategic Implementation"

BMF- Nov 2014 – L1 – SA – Q5 – The Business Environment

Identifies the statement that defines the purpose and direction of an organisation.

You're reporting an error for "BMF- Nov 2014 – L1 – SA – Q5 – The Business Environment"

QTB – May 2015 – L1 – SB – Q4 – Operations Research

This question requires calculating the average machine life, replacement costs, and determining the best replacement strategy for ATM machines in a bank.

You're reporting an error for "QTB – May 2015 – L1 – SB – Q4 – Operations Research"

BF – Nov 2015 – L1 – SA – Q18 – Basic Management Functions

Identifying what is not a functional strategy.

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BF – Nov 2015 – L1 – SA – Q16 – Basic Management Functions

Identifying how public sector strategy differs from private sector strategy.

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BF – Nov 2015 – L1 – SA – Q13 – Basic Management Functions

Identifying the term for superior performance relative to rivals.

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BF – Nov 2015 – L1 – SA – Q9 – Investment Decisions

dentifying what is NOT a feature of SWOT analysis.

You're reporting an error for "BF – Nov 2015 – L1 – SA – Q9 – Investment Decisions"

SCS – Nov 2020 – L3 – Q1 – Strategy, stakeholders and mission

Explain how the mission statement of GGOH can be made relevant to the future success of the organization.

You're reporting an error for "SCS – Nov 2020 – L3 – Q1 – Strategy, stakeholders and mission"

SCS – May 2021 – L3 – Q1 – Strategy implementation

Explain the skills suggested by the Rosabeth Moss Kanter theory that managers should have to change-adept in order to help improve profitability.

You're reporting an error for "SCS – May 2021 – L3 – Q1 – Strategy implementation"

CSME – Nov 2016 – L2 – Q7b – Strategic Implementation

Discuss five types of organizational structures and their corresponding strategies.

You're reporting an error for "CSME – Nov 2016 – L2 – Q7b – Strategic Implementation"

CSME – Nov 2016 – L2 – Q7a – Strategic Implementation

Discuss the principle of "Structure follows Strategy" in organizational management.

You're reporting an error for "CSME – Nov 2016 – L2 – Q7a – Strategic Implementation"

BMF- Nov 2014 – L1 – SA – Q5 – The Business Environment

Identifies the statement that defines the purpose and direction of an organisation.

You're reporting an error for "BMF- Nov 2014 – L1 – SA – Q5 – The Business Environment"

QTB – May 2015 – L1 – SB – Q4 – Operations Research

This question requires calculating the average machine life, replacement costs, and determining the best replacement strategy for ATM machines in a bank.

You're reporting an error for "QTB – May 2015 – L1 – SB – Q4 – Operations Research"

BF – Nov 2015 – L1 – SA – Q18 – Basic Management Functions

Identifying what is not a functional strategy.

You're reporting an error for "BF – Nov 2015 – L1 – SA – Q18 – Basic Management Functions"

BF – Nov 2015 – L1 – SA – Q16 – Basic Management Functions

Identifying how public sector strategy differs from private sector strategy.

You're reporting an error for "BF – Nov 2015 – L1 – SA – Q16 – Basic Management Functions"

BF – Nov 2015 – L1 – SA – Q13 – Basic Management Functions

Identifying the term for superior performance relative to rivals.

You're reporting an error for "BF – Nov 2015 – L1 – SA – Q13 – Basic Management Functions"

BF – Nov 2015 – L1 – SA – Q9 – Investment Decisions

dentifying what is NOT a feature of SWOT analysis.

You're reporting an error for "BF – Nov 2015 – L1 – SA – Q9 – Investment Decisions"

SCS – Nov 2020 – L3 – Q1 – Strategy, stakeholders and mission

Explain how the mission statement of GGOH can be made relevant to the future success of the organization.

You're reporting an error for "SCS – Nov 2020 – L3 – Q1 – Strategy, stakeholders and mission"

SCS – May 2021 – L3 – Q1 – Strategy implementation

Explain the skills suggested by the Rosabeth Moss Kanter theory that managers should have to change-adept in order to help improve profitability.

You're reporting an error for "SCS – May 2021 – L3 – Q1 – Strategy implementation"

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