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National
Institute of Business Management
Chennai -
020
EMBA/ MBA
Strategic
Management (Part - 1)
Attend any 4
questions. Each question carries 25 marks
(Each answer
should be of minimum 2 pages / of 300 words)
Q. 1. Exploiting
the convenience, availability and world – wide reach of internet, how has
different companies discovered the use of internet for expanding their
business?
Answer:
Q. 2. How
should multi-business compete? Explain.
Answer:Corporate-level strategies
address the entire strategic scope of the enterprise. This is the "big
picture" view of the organization and includes deciding in which product
or service markets to compete and in which geographic regions to operate. For
multi-business firms, the resource allocation process—how cash, staffing,
equipment and other resources are distributed—is typically established at the
corporate level. In addition, because market definition is the domain of
corporate-level strategists, the responsibility for diversification, or the
addition of new products or services to the existing product/service line-up,
also falls within
Q. 3. Implementing
a strategy, means instituting, number of substantial and durable changes in the
operating systems that support strategic business unit. Explain how to make
strategy happen.
Answer:Once you have completed your
yearly strategic planning event and have the goals and objectives ready to
implement, you might feel the hardest part is over. But the deployment of the
goals and objectives to the operating and program units is the step that
requires tremendous communication and coordination efforts. It is then that the
whole process of tracking the plan’s implementation is where the real work
begins since we have to make sure we are delivering what we set out to
accomplish.
Benjamin
Franklin said if you fail to plan, you are
Q. 4. Explain
the practical approach for measuring performance improvement in operating
systems by tracking strategy implementation progress.
Answer:A growing business needs to be
closely and carefully managed to ensure the success of new investment decisions
and expansion plans. However, many owner-managers find that as their business
grows they feel more remote from its operations.
Putting
performance measurement systems in place can be an important way of keeping
track on the progress of your business. It gives you
Q. 5. What
is the purpose of an operating plan in a business strategy? How are right
prioritiesset and what are its objectives?
Answer:Operational planning is the
process of planning strategic goals and objectives to tactical goals and
objectives. It describes milestones, conditions for success and explains how,
or what portion of, a strategic plan will be put into operation during a given
operational period, in the case of commercial application, a fiscal year or
another given budgetary term. An operational plan is the basis for, and
justification of an annual operating budget request. Therefore, a five-year strategic
plan would typically require five operational plans funded by five operating
budgets. Operational plans should
establish the activities and budgets for each part of the organization for the
next 1 – 3 years. They link the strategic plan with the activities
Q. 6.
What is the scope of the operating system that is to be addressed by the
operating plan for its effective implementation for achieving its intended
outcome
Answer:
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students get fully solved assignments
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