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National
Institute of Business Management
Chennai -
020
EMBA/ MBA
Strategic
Management (Part - 2)
Attend any 4
questions. Each question carries 25 marks
(Each answer
should be of minimum 2 pages / of 300 words)
Q. 1. Explain
the factors for the failure of strategies.
Answer:Understanding the value of and
need for a strategic plan is a great place to start, but just wanting
something, isn’t enough. If it were, we’d all be famous actors in Hollywood.
Developing a strategic plan takes discipline, foresight, and a lot of honesty.
Regardless how well you prepare, you’re bound to encounter challenges along the
way.
Here
are 10 reasons why plans fail. Avoid these traps and you’ll be closer to your
goal of implementing a strategic plan that actually achieves results and
improves your business.
1.
Having a plan simply for plans sake
Q. 2. Explain
a practical approach to measuring performance improvement in an Operating
Systems.
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 vital information about what's happening now and it also
provides the starting point for a system of target-setting that will help you
Q. 3. Describe
planning and strategic management in small firms.
Answer:A small business has a choice of
two goals: Increase profits but stay small, or grow into a larger business. You
can devote time and effort creating a strategic plan that will help you achieve
the goal you want, but the way you implement it is what makes the strategy
work. A small business owner is pulled in so many directions that just creating
the plan is a responsibility that takes time away from the business, let alone
implementing it. The solution might be to manage your company using the
elements of strategic planning in a longer-term, day-to-day effort.
Assessment: Take a week or two to
scrutinize your industry, competition and the general state of business in the
local economy. Think about how trends
Q. 4. Explain
the growth of E-Business in India.
Answer:
Q. 5. What
are the benefits of Strategic Planning? Explain.
Answer:Strategy is choosing to perform
different activities that can be preserved and that will provide a sustainable
competitive advantage. It is a mental
exercise. It is a way of thinking about
the world and approaching business.
Strategic planning is a process to produce innovative and creative ideas
which serve as the core framework for the company and designing its’ future.
Strategic
planning can have an immediate influence on your company and organization.
1. Make your future happen don’t let it happen
to you
It
is the difference between
Q. 6. Explain
the driving strategy implementation with operating plans.
Answer:
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students get fully solved assignments
Send
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