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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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