MS-91: Advanced Strategic Management

Dear students get fully solved assignments
Send your semester & Specialization name to our mail id :
  “help.mbaassignments@gmail.com”
or
call us at : 08263069601



ASSIGNMENT

Course Code                                                      :                                               MS-91
Course Title                                                       :                                               Advanced Strategic Management
Assignment Code                                            :                                               MS-91/TMA/SEM-I/2015
Coverage                                                             :                                               All Blocks

Note: Attempt all the questions and submit this assignment on or before 30th April, 2015 to the coordinator of your study center.

Q.1. a) What is corporate planning and what are the benefits of corporate planning‘!
b) Identify the reasons attributed to the failure of corporate planning and the pre- requisites for its success.

Answer:a)Corporate planning is a process used by businesses to map out a course of action that will result in revenue growth and increased profits. Although large corporations may have staff members -- or entire departments -- devoted to performing the planning function, small business owners can become proficient through learning basic concepts and putting forth the effort necessary to create a comprehensive plan.

·         Process: Effective planning requires gathering data about the projected growth of the industry and information about competitors -- their strengths, weaknesses and the strategies they are deploying. The


Q.2. Explain the role of the Board in Strategic Management and the process of creating an effective Board in detail.

Answer:A pivotal role of the Board of Directors is to provide leadership in the development and execution of a Strategic Plan. Oversight by the Board will assist in creating the conditions for success by fundamentally ensuring that there exists alignment with strategic direction, that expectations are realistic and that risks and opportunities are capable of being managed throughout the timeline of the plan.

What must be clear from the outset is the role both Directors and Management play in the process of developing the plan. The Board needs to confirm and endorse the CEO as being the responsibility centre for the process leading to the development of a Strategic Plan. The Chair of the Board of Directors must work with the CEO to develop




Q.3. Discuss market structures and competitive advantage in detail.

Answer:It is the interconnected characteristics of a market, such as the number and relative strength of buyers and sellers and degree of collusion among them, level and forms of competition, extent of product differentiation, and ease of entry into and exit from the market.

Four basic types of market structure are
(1) Perfect competition: many buyers and sellers, none being able to influence prices.
(2) Oligopoly: several large sellers who have some control over the prices.
(3) Monopoly: single seller with considerable control



Q.4.What is Knowledge Management (KM)? Discuss the benefits and challenges of KM with real world examples.

Answer:The full scope of knowledge management (KM) is not something that is universally accepted. However, before one looks at the differences in the definitions, let's examine the similarities.

KM is about making the right knowledge available to the right people. It is about making sure that an organization can learn, and that it will be able to retrieve and use its knowledge assets in current applications as they are needed. In the words of Peter Drucker it is "the coordination and exploitation of organizational knowledge


Q.5. Explain the role of Information ‘Technology (IT) in strategy implementation and how does it assist in enhancing the competitiveness of a firm.

Answer:Information technology often provides a manufacturing‐based competitive advantage. Information technology can assist manufacturing firms in developing their strategic roles. Discusses a continuum of four strategic roles of the contribution of information technology in manufacturing firms. Any enhancement of manufacturing firm’s competitive position tends to take place through systematic movement from one stage to an adjacent one, with the ultimate objective of becoming a world‐class manufacturer.

Draws on a strategic alignment model of manufacturing management and information technology, which is defined in terms of four domains of



Q.6. Highlight the key developmentsin business environment for better transparency and comprehensive reporting for business organizations.

Answer:To be effective and relevant to an individual company's specific circumstances, business principles should be developed and implemented by the companies themselves. The thousands of multinational enterprises throughout the world face widely differing conditions in the various countries in which they operate. Moreover, many more companies have international activities directly or indirectly through purchasing and contracting. Company principles must be sufficiently flexible to reflect the diversity of firms as well as that of their suppliers and business partners. A "one-size-fits-all" approach is incompatible with the great diversity that exists within business, although some examples mentioned below

Dear students get fully solved assignments
Send your semester & Specialization name to our mail id :
  “help.mbaassignments@gmail.com”
or
call us at : 08263069601


No comments:

Post a Comment

Note: only a member of this blog may post a comment.