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NIBM
GLOBAL
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)
Question.
1. Explain the disappointments with
Strategic Planning
Answer: For any business, strategic
planning is a necessity. It’s the key to looking to the future and creating a
direction intentionally as opposed to simply reacting to the marketplace on a
daily basis. In today’s fast-paced marketplace, strategic planning helps
company leaders maintain their sanity and build a company based on the values
that matter most to them.
Historically, strategic planning
meant going offsite for a few days once a year and laying out the company’s
goals and direction for
Question.
2. Justify the notion and explain“
Strategic Management Works”
Answer: Strategic management is the planned use of a
business' resources to reach company goals and objectives. Strategic management
requires ongoing evaluation of the processes and procedures within an
organization and external factors that may impact how the company functions.
The process of strategic management should guide top-level programs and
decisions. Companies of all sizes and in all industries can benefit from the
practice of strategic management.
Question.
3. Strategic planning is “strategic”
because it requires an understanding of how the external environment impacts a
firm’s ability to create value. Describe.
Answer:
Question.
4. Successful implementation depends
on how effectively management deals with fundamental issues associated with
changing the operating system in order to carry out the business strategy.
Explain the five issues.
Answer: A Business
Operating System (BOS) is your company's unique way of doing things--how it
operates, goes to market, produces and deals with its customers. An effective
BOS transcends the people who are doing and managing the work, and is more
valuable as a result. A business that effectively operates without you is
always more attractive to public and private sources of capital.
Question.
5. How will you improve productivity
with an Operating Plan? Explain.
Answer:
Highly productive businesses tend to make more money, and the same goes for
productive people. Productivity relies on strategic planning, organization and
focused efforts. The best thing about productivity? It can be easily improved.
Planning
for productivity improvement is one of the most important assets, for companies
as well as for individuals.
So,
what does “planning for productivity improvement” mean exactly? It means
laying out specific steps you can take to improve your productivity. Creating a
daily plan and sticking to it helps you prioritize tasks more
Question.
6. It is crucial that the management
group responsible for implementing an operating plan share a common
understanding of the business strategy they are supporting, its strategic
imperatives for the operating system, and the implied priorities. Explain.
Answer:
25
x 4=100 marks
Dear students get fully solved assignments
Send your semester & Specialization name to our
mail id :
help.mbaassignments@gmail.com
or
Call us at : 08263069601
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