MBA401 Strategic Management and Business Policy

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ASSIGNMENT

DRIVE	SPRING 2019
PROGRAM	MASTER OF BUSINESS ADMINISTRATION-MBA
SUBJECT CODE & NAME	MBA401 Strategic Management and Business Policy
BK ID	B1699
CREDITS & MARKS	4 Credits, 60 marks

Note: Answer all questions. Kindly note that answers for 10 marks questions should be approximately of 400 words. Each question is followed by evaluation scheme.

Q1 Write short notes on:

i. Strategic Window

Answer: According to Chandler: “Strategic window is the determination of the basic long-term goals of an enterprise, and the adoption of courses of action and the allocation of resources necessary for carrying out these goals.” According to Mintzberg: “Strategic window is a pattern in a stream of decisions and action.”   Strategic Window:   The basic concept behind the concept of a strategic window is: there are only

ii. Strategic Drift

Answer:  Strategic drift is a concept of strategic management that refers to the response of organization when going through a changing environment. Different situations and unexpected challenges are very common aspects that may arise anytime when driving and developing strategic change within

Q2 What are the four major types or levels of Competence?

Answer:  Initially known as the “four stages for learning any new skill,” the 4 States of competence was a learning model originally introduced by Noel Burch, an employee of Gordon Training International. First drafted in the 1970s, this “conscious competence” learning model is described as the psychological states that are involved in transforming skill incompetence to competence or outright mastery.

The four stages suggest that individuals are initially unaware of how little they know, or unconscious of their incompetence. As they recognize their incompetence, they consciously acquire a skill, then consciously use it. Eventually, the skill can be

Q3. Illustrate the concept of BCG Portfolio Model.

Answer: Business models are based on providing products or services that are profitable now, but they also attempt to identify changes in offerings that will keep the company profitable in the future. BCG  Portfolio model is a model which is used to portray firm’s brand portfolio or SBUs on a quadrant along relative market share axis (horizontal axis) and speed of market growth (vertical axis) axis.

To apply the BCG Matrix you can think of it

Q4.Explain the Porter’s Competitive Threat Model

Answer: Porter's Five Forces is a business analysis model that helps to explain why different industries are able to sustain different levels of profitability. The forces are frequently used to measure competition intensity, attractiveness, and profitability of an industry or market. These forces are:

1.Competition in the Industry: This force refers to the number of competitors and their ability to undercut a company. The larger the number of competitors, along with the number of equivalent products and services they offer, the lesser the

Q5. Define Strategic Alliance. What are the various objectives or purpose for strategic alliance?

Answer: Strategic Alliance: A strategic alliance is a business arrangement in which two or more firms cooperate for their mutual benefit. Firms may combine their efforts for a variety of purposes including, but not limited to, sharing knowledge, expertise, and expenses as well as to gain entry to new markets or to gain a competitive advantage in one. Further, creation of a strategic alliance may turn actual or potential competitors into

Q6. Explain various types of strategic control given by Schreyogg and Steinman.

Answer:  Definition of strategic control offered by Schendel and Hofer: "Strategic control focuses on the dual questions of whether:

(1)    the strategy is being implemented as planned;

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