MB0052 - Strategic Management and Business Policy

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PROGRAM

Master of Business Administration – MBA

SEMESTER

IV

SUBJECT CODE & NAME

MB0052 - Strategic Management and Business Policy

Qus:1 What do you mean by Strategic Management Process (SMP)? Explain the three levels in Strategic Management Process.

Answer: The strategic management process consists of four distinct steps or stages:

(a) Defining organizational mission, objectives or goals

(b) Formulation of strategy/strategic plan

(c)

Qus:2 Write short notes on Corporate Governance and Strategic Audit.

Answer: We will now define corporate governance. Often, corporate governance is equated with corporate management, which is not correct. As has been pointed out above, corporate governance is concerned with serving the interest of the owners (stockholders) and, is much broader in

Qus:3 Explain the major environmental factors a business strategist should consider while formulating business strategies.

Answer: All these and many other such cases point to an important facet of business— sensitivity of strategy to the external environment. The major environmental factors a business strategist should reckon with are:

• Political

Qus:4 Explain Corporate Restructuring using examples.

Answer: Corporate restructuring means organizational change to create a more efficient or profitable enterprise. Similar terms which are used for ‘restructuring’ are ‘revamping’, ‘regrouping’, ‘

Qus:5 Explain Michael E Porter’s Competitive Threat Model with suitable examples.

Answer: A vital task of a strategist is to anticipate and/or recognize the nature of competition and potential threat from competitors and to develop appropriate response strategies. The most difficult task in this is to properly assess the magnitude of existing competition and correctly foresee the threat from new and emerging competitors. Porter (1980) in his pioneering work

Qus:6 Explain whether Leadership style is Portable? Also explain the leadership Role of Top Management.

Answer: Nohria and others (2006) have researched on a very interesting subject: Is leadership or leadership style portable? Or, to put it in another way: Will a leader, successful in one organization, be necessarily successful in another company?

The authors studied

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