Question

1.    A company’s philosophy regarding CSR (corporate social responsibility) is initiated at what level of strategy?
a	)    Corporate level
b	)    Business level
c	)    Functional level
d	)    Operational level
e	)    CSR is not an issue within strategy

2.    Activities an organization undertakes to move from where it currently is to where it wants to be in the future are:
a	)    An organization’s vision
b	)    Is the framework which analyzes the levels of competition
c	)    Analytical tools used to support decision making
d	)    The purpose for strategies
e	)    A process of defining the status of the situational analysis methodology

3.    The following level of strategy promotes internal customer values:
a	)    Corporate
b	)    Operational
c	)    Functional
d	)    Business
e	)    All of the above

4.    The implementation stage of strategy is the point of:
a	)    Developing corporate culture
b	)    Providing definition to VISION, PURPOSE and MISSION
c	)    The GAP analysis
d	)    Establishing ethical boundaries
e	)    Success or failure

Answer 1

Here, correct answer is corporate level

Explanation:

As, Company’s philosophy regarding CSR or Corporate social responsibility is to be decided or approved by top management people, as it works on defining various business areas and areas for social responsibilities where Firm will concentrate or focus on. Hence, CSR is initiated at corporate level of strategy. Other options are not relevant; hence, other options are eliminated.

Here, correct answer is an organization’s vision

Explanation:

It focuses on setting target that an organization wants to achieve in the future, through defining its move from its current level to the areas and targets that they want to achieve in future. Hence, correct answer is an organization’s vision. Other options are not relevant, hence, other options are eliminated.

Here, correct answer is Functional

Explanation:

At functional level, there will be several functional areas like Marketing, sales, finance, and production, finally it focuses on meeting the business objectives as defined through business level strategy and by head of the strategic business units. It works on team coordination, team orientation and promotes internal customer values. Here, internal customers mean team members within the functional groups. Hence, correct answer is Functional, other options are not relevant, hence, other options are eliminated.

Here, correct answer is developing corporate culture

Explanation:

As once, we have defined Mission, vision and company purpose; we will move to implementation of strategies through developing cultures, integrate physical resources and people to execute tasks. Gap analysis is done during monitoring stage, establishing ethical boundaries also prepared before implementation of strategy. Success or failure comes at the end. Hence, correct answer is developing corporate culture.