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Business Policy and Strategic Management 2014 Questions
Business Policy and Strategic Management 2014 Questions
1.) Discuss SWOT Analysis. Do an exemplary SWOT analysis for any company of your choice?
2.) Define Vision & Mission statements with appropriate examples along with their importance.
3.) Write about recent developments in the Field of Strategy: Use of Balanced Scorecard approach.
4.) Explain McKinsey 7-S Framework and its relevance in planning.
5.) Discuss In detail Portfolio Analysis using BCG matrix Or GE Nine Cell Matrix (any one). Explain
with any appropriate company’s product Portfolio.
6.) Conduct a brief Industry Analysis with diagram using Porter's five forces Model of any product
which are familiar with, suitable explanations.
7.) What do we understand by the terms Corporate Governance and Corporate Social Responsibility
and its importance in the organizations? Give relevant examples.
8.) Write in ‘detail how Innovation can be used as Michael Porter's Generic competitive strategies.
Explain your point of view with suitable example.
9.) Discuss about Strickland's Grand Strategy Selection Matrix. What purpose does it serve? Also
explain any three directional strategies of your choice.
1.) What do you understand by a term Strategy? Briefly differentiate between Industrial model
(I/O) of Above Average Returns and Resource based model.
2.) Explain what is Core Competency and Sustainable Competitive Advantage with suitable
examples.
3.) Explain the following terms with suitable examples :
a) Strategic Management Process
b) Vertical Integration
c) Diversification
d) Strategic Fit
4.) Briefly explain Cost Leadership as a strategy.
5.) Explain role of organizational culture in institutionalising the strategy.
6.) Identify the five forces that underlie the five forces model of competition. Explain briefly how
they affect industry profit potential.
7.) Describe a value chain analysis. How a value chain analysis does helps firm to gain competitive
advantage? Select industry of you choice and explain the same.
8.) Describe the risks of a differentiation strategy by taking example of Indian car market.
9.) What are the advantages and disadvantages of being a first mover, second mover, and late
mover? Illustrate by taking an example of Indian telecom sector.
1.) Explain the concept of strategy. Write two definitions of strategy and identify the key elements
in them.
2.) What are the 5 Ps of a strategy? Explain the strategy of a diversified company.
3.) Identify the people responsible for strategy making at different levels in an organization.
4.) Distinguish strategy and plan. Which one is more suitable in a competitive environment?
5.) "Corporate strategy making is an ongoing process" — Discuss
6.) Explain the role and functions of Board of directors towards competitive advantage of their
Companies.
7.) What is SBU? Describe SBU structure and explain its merits and demerits. Explain the planning %
system for implementation.
8.) What do you mean by environmental scanning? Also discuss the procedure involved in 'it.
Discuss the methods of competitive analysis.
9.) What is resource allocation and how is it a vital part of strategy? Explain the strategies required
by the companies to compete in the digital (internet) economy.