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Strategic Management

June 2022 Examination

 

 

 

Q1. Strategic Management crucially define and determine the long term performance of a business entity. This is with reference to, Nokia, who lost its pace in the smartphone race. As quoted by source: (10 Marks)

 

Ans 1.

Introduction

 

Corporations manipulate the business sports and their ordinary fulfillment by making plans and interesting the terms and services in sequences to obtain the target marketplace demand. Furthermore, the implementation and business formula are also changing the business techniques by initializing individuals' contributions for achieving the commercial enterprise target and managing stakeholders of different organizations. But, having a look at helps to manage the demand of the present-day digital market by adding the opposite computerized strategic business management for achieving the

 

 

 

Q2. Reliance Industries Limited is a Fortune 500 company and the largest private sector corporation in India. RIL, have evolved from being a textiles and polyester company to an integrated player across energy, materials, retail, entertainment, and digital services. In each of these areas, they are committed to innovation-led, exponential growth. It’s clearly evident that RIL has adopted parenting strategy. Discuss the concept of corporate parenting. Discuss the analytical steps which are crucial in developing corporate parent strategy. Conclude how corporate parenting or parenting strategy is more beneficial when compared against portfolio based corporate strategy (10 Marks)

 

Ans 2.

Introduction

 

Further, the corporate business governance and entity are helping to control the demand of shareholders through directing the organizational activities and overseeing the enterprise. Moreover, the company's finances and movements describe the shareholder's contributions to attaining company governance commercial enterprise involvement in worldwide change. But, the Reliances business industry is also managing the employer techniques through dependable and correct offerings associated with business techniques and attracting the goal customers from all global and national ranges of organizational adjustments inside the business. This corporation aims to interact with the expiration of products related to managing telecommunication, retails, petrochemicals, and marketing offerings and working worldwide services even as evaluating the current business demand. This company's company and strategic management techniques assist in handling or pursuing the offerings through asset enterprise bases and changing the business via working the destiny business demand efficaciously. The section beneath will describe a short description of Reliance’s industry

 

 

Q3. General Electric (GE) is well known for its extraordinary competency in management development.

 

a. Discuss how the terms capabilities, competency and distinctive competency differs from each other. Also, with reference to the VRIO Framework of analysis, highlight the four questions which any strategist might have examined in relation to GE for evaluating its extraordinary competency in management development. (5 Marks)

 

Ans 3a.

Introduction

 

The work of this enterprise is to diversify the arena demand based on energy supply. Further, GE business is one of the significant improvement management groups that assist in generating world energy power and entice purchasers toward business. Furthermore, enterprise frameworks assist organizations in managing the activities and maintaining the consumers for a long business period.

 

Concepts and application

 

●          Speak terms such as competency, talents, and distinct competency- similarly, business competency allows compare the competition stage in a specific business subject and promote the offerings based on

 

 

b. Describing VRIO Framework with reference to GE: (5 Marks)

- Valuable

- Rareness

- Imitability

- Organization

Ans 3b.

Introduction

In addition, organizations are currently specialized in eco-friendly organizational improvement packages to evaluate the services availability and business changes necessities. Furthermore, competitive advantages help businesses develop oversaturated and technical business improvements for adding robust business and competitive edges in pandemic conditions. The VRIO business evaluation and framework of every kind could be described in sensible approaches in the areas below.

 

Concepts and

 

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