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Biz Policy and Strategy
SBS MBA
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Total Marks: _______ / 50
Answer any 5
of the following questions: Each question carries 10 marks.
Question.1. In your opinion, what is the single
major benefit of using a strategic-management approach to decision making?
Justify your answer.
Answer:David & David tells their readers several benefits to using a
strategic management approach to decision making such as being more profitable,
improvement in sales, avoiding financial demise, enhancing external threats,
improving competitors strategies, and increased employee productivity.
The major benefit is to help organizations
formulate better strategies through the use of a more systematic, logical, and
rational approach for decision making. Formulating better strategies is greatly
achieved through communication from
Question.2. Explain why a mission statement should not
include monetary amounts, numbers,Percentages, ratios, goals, or
objectives.
Answer:A mission statement has three main objectives which needs to be fulfilled
while deciding it. It is a broad qualitative direction for the company's
tactics, strategy and operations, hence quantifying it or explaining it
numerically is not the idea. Firstly, it allows for the generation and
consideration of a range of easy alternative objectives and strategies without
unduly stifling management creativity. Excess specificity would limit the
potential of creative growth for the organization. Second, a mission statement
needs to be broad to reconcile differences among, and appeal to, an
organization’s
Question.3. Identify a recent economic, social,
political, or technological trend that significantly affects the organization
of your choice.
Answer:Organizational staffing is the process of hiring people based on the
specific responsibilities they will have in the organization. The staffing
priorities are based on the results the organization wants to achieve. Staffing
in this way is advantageous in some instances, but there are also drawbacks to
the organizational staffing process
Strengths
Opening up a temporary staffing agency in an
area with a large job market that needs temporary workers is a strength.
Focusing on and becoming known for filling jobs in certain sectors where it is
hard to find qualified applicants, such as technology, accounting or office
administration, is another key differentiator that can help you win business.
Question.4. Give two examples of staffing strengths
and two examples of staffing weaknesses of anorganization with which you are
familiar.
Answer:Organizations which have a very resourceful human resource department
despite being a cost centre always exhibit certain strengths and weaknesses in
their staffing roles.In the organization,human resource is considered quite
strong because of the discipline they enforce in employee hiring.
Staffing strengths include:
Question.5. Give recent examples of market
penetration, market development, and product development and explain their
strategies in detail.
Answer:Product Development
Illustration: Google and its Products
Search is still Google’s best product and
since 1997 Google is market leader and dominant in the industry. The Secret
Ingredient behind the success to Google was being more relevant by indexing.
Having information at fingertips of user has made Google huge success. It
didn’t stopped at the search engine further products were developed with a new
mind set, improving the products and taking care of customers in a better way.
Following
Question.6. In a BCG Matrix, would the Question
Mark quadrant or the Cash Cow quadrant be more desirable? Explain. List four
limitations of a BCG Matrix.
Answer:
Question.7. If you owned and opened three
restaurants after you graduated, would you operate froma functional or
divisional structure? Why?
Answer:
Question.8. If you owned a small business, would
you develop a code of business conduct? If yes, what variables would you
include? If no, how would you ensure that ethical business standards were being
followed by your employees?
Answer:
Dear
students get fully solved assignments
Send
your semester & Specialization name to our mail id
help.mbaassignments@gmail.com
or
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at : 08263069601
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