Dear
students get fully solved assignments
Send
your semester & Specialization name to our mail id :
“help.mbaassignments@gmail.com”
or
call
us at : 08263069601
ASSIGNMENT
Course Code : MS-91
Course Title : Advanced
Strategic Management
Assignment Code : MS-91/TMA/SEM-I/2015
Coverage : All
Blocks
Note: Attempt all the questions and
submit this assignment on or before 30th April, 2015 to the coordinator of your
study center.
Q.1. a) What is corporate planning
and what are the benefits of corporate planning‘!
b) Identify the reasons attributed
to the failure of corporate planning and the pre- requisites for its success.
Answer:a)Corporate planning is a process used
by businesses to map out a course of action that will result in revenue growth
and increased profits. Although large corporations may have staff members -- or
entire departments -- devoted to performing the planning function, small
business owners can become proficient through learning basic concepts and
putting forth the effort necessary to create a comprehensive plan.
·
Process: Effective
planning requires gathering data about the projected growth of the industry and
information about competitors -- their strengths, weaknesses and the strategies
they are deploying. The
Q.2. Explain the role of the Board
in Strategic Management and the process of creating an effective Board in
detail.
Answer:A pivotal role of the Board of Directors is to
provide leadership in the development and execution of a Strategic Plan.
Oversight by the Board will assist in creating the conditions for success by
fundamentally ensuring that there exists alignment with strategic direction,
that expectations are realistic and that risks and opportunities are capable of
being managed throughout the timeline of the plan.
What must be clear from the outset
is the role both Directors and Management play in the process of developing the
plan. The Board needs to confirm and endorse the CEO as being the
responsibility centre for the process leading to the development of a Strategic
Plan. The Chair of the Board of Directors must work with the CEO to develop
Q.3. Discuss market structures and
competitive advantage in detail.
Answer:It is the interconnected characteristics of
a market, such as the number and relative strength of buyers and sellers and
degree of collusion among them, level and forms of competition, extent of
product differentiation, and ease of entry into and exit from the market.
Four basic types of market structure
are
(1) Perfect competition: many buyers
and sellers, none being able to influence prices.
(2) Oligopoly: several large sellers
who have some control over the prices.
(3) Monopoly: single seller with
considerable control
Q.4.What is Knowledge Management
(KM)? Discuss the benefits and challenges of KM with real world examples.
Answer:The full scope of knowledge management (KM) is
not something that is universally accepted. However, before one looks at the
differences in the definitions, let's examine the similarities.
KM is about making the right
knowledge available to the right people. It is about making sure that an
organization can learn, and that it will be able to retrieve and use its
knowledge assets in current applications as they are needed. In the words of Peter
Drucker it is "the coordination and exploitation of organizational
knowledge
Q.5. Explain the role of Information
‘Technology (IT) in strategy implementation and how does it assist in enhancing
the competitiveness of a firm.
Answer:Information technology often provides a
manufacturing‐based competitive advantage. Information technology can assist
manufacturing firms in developing their strategic roles. Discusses a continuum
of four strategic roles of the contribution of information technology in manufacturing
firms. Any enhancement of manufacturing firm’s competitive position tends to
take place through systematic movement from one stage to an adjacent one, with
the ultimate objective of becoming a world‐class manufacturer.
Draws on a strategic alignment model
of manufacturing management and information technology, which is defined in
terms of four domains of
Q.6. Highlight the key developmentsin
business environment for better transparency and comprehensive reporting for
business organizations.
Answer:To be effective and relevant to an individual
company's specific circumstances, business principles should be developed and
implemented by the companies themselves. The thousands of multinational
enterprises throughout the world face widely differing conditions in the
various countries in which they operate. Moreover, many more companies have
international activities directly or indirectly through purchasing and
contracting. Company principles must be sufficiently flexible to reflect the
diversity of firms as well as that of their suppliers and business partners. A
"one-size-fits-all" approach is incompatible with the great diversity
that exists within business, although some examples mentioned below
Dear
students get fully solved assignments
Send
your semester & Specialization name to our mail id :
“help.mbaassignments@gmail.com”
or
call
us at : 08263069601
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.