Which one among the following is not a correct statement ?
ANZ Grindlays merged with American Express Bank to emerge competatively
Option 1 — "ANZ Grindlays merged with American Express Bank to emerge competitively" is the incorrect statement.
ANZ Grindlays Bank was actually acquired by Standard Chartered Bank in 2000, not merged with American Express Bank. The factual pairing in option 1 is wrong, so it is the statement that is not correct.
Why the other options are correct:
| Statement | Why true |
|---|---|
| (2) Apple – differentiation strategy | Apple famously competes on differentiation, charging a premium for innovative, uniquely designed products (a Porter generic strategy). |
| (3) Operating / functional strategies at departmental level | Operational (functional) strategies are the lowest tier of strategy, executed within individual departments such as marketing, finance or production. |
| (4) Corporate strategy = overall direction | Corporate strategy sets the firm's overall direction for growth by managing its portfolio of businesses and product lines. |
Takeaway: Standard Chartered — not American Express — took over ANZ Grindlays, so statement 1 is the false one.
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Important Questions from Strategic Management
When the organizational requirements advocate tight cost control; frequent, detailed control reports; structured organization and responsibilities and incentives based on meeting strict quantitative targets then it is called:
Which of the following strategies are types of combination strategies?
(A) No change strategies
(B) Pause/Proceed with caution strategies
(C) Turn around strategies
(D) Profit strategies
(E) Concentration strategies
As per Henry Mintsberg, which of the following is NOT a part of his conception of types of strategies?
- Strategic Management involves :
(a) Assessment of external environment
(b) Identification of subsystem
(c) Unity of command
(d) Span of control
(e) Assessment of resources and capabilities
(f) Identification of goal
Code : Put the following steps of strategic Management Process in correct sequence :
a. Scanning and Evaluation of Business Environment
b. Formulating strategies
c. Implementation of Corporate Strategy
d. Deciding about the Mission of the organisation
e. Setting Corporate Level Objective
Codes :
