Strategic Management

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National Institute of Business Management

Chennai - 020

SECOND SEMESTER EMBA/MBA

Subject: Strategic Management

Attend any 4 questions.  Each question carries 25 marks

(Each answer should be of minimum 2 pages / of 300 words)

1. How strategic plans are formulated? Discuss the factors.

Answer: - strategic plans are formulated:-

Factors:-

·         Build your success by planning the best strategy, understanding the importance of finding and using many good, individual tactics: Your strategy includes having a definite purpose, to ultimately beat the market realities. There are certain bases -- common denominators -- for all companies that operate in your markets like: customers' needs, suppliers' accommodations and your being prepared for potential entrants. While you prepare to have a competitive advantage, each of these others try to demand and comma

·          

2. What are the fundamental issues associate with changing of Operating System to carry out business strategy? Explain.

3. Explain the key to successful implementation of any business strategy.

Answer: - Business strategy: - Business (or Strategic) management is the art, science, and craft of formulating, implementing and evaluating cross-functional decisions that will enable an organization to achieve its long-term objectives. It is the process of specifying the organization's mission, vision and objectives, developing policies and plans, often in terms of projects and programs, which are designed to achieve these objectives and then allocating resources to implement the policies and plans, projects and programs. Strategic management seeks to

4. How can congruence be achieved? Discuss budgets and rewards.

5. How should a multi business compete? Explain.

Answer: - One of the models tends to dominate with the balance delivering moderate or even unprofitable performance. When we start exploring the underpinning economics of each the performance drivers are often very different prompting interesting strategic and structural changes in how the teams manage each going forward. This begs a couple of important questions as well as a follow on blog post:

·         How many business models can your management team successfully operate

·         When should you try an operate more than one model

·         How should you go about introducing

·          

6. Discuss the nature of strategic management in small firms.

Answer: - Nature of strategic management in small firms:- Strategic management is ideas and injunctions that enable the organization achieve its objective or long-term target to perform a better performance. The purpose of strategic management is to seek the opportunities for better future of the organization. Generally, good strategic management practices can improve the organization performance and achieve the organization target objectives. The strategies on an organization are made by the management itself to ensure the successful

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Send your semester & Specialization name to our mail id :

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