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
- 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 :
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Pan Amsat developed a joint venture with Jsat Corporation to develop and send into orbit a small satellite. Which type of alliance the above statement represents ?
Who among the following has given the statement : “transition from single function focus to a multi function focus is essential for successful strategic management”?
