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Business policy & Strategic Mgt

1. What is business policy? How does business policy make the study of mgt more
meaningful ?
Or
What is business policy? Discuss its nature, objective & importance.
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Define strategic Mgt. What are the benefits of the concept of strategy? What role do
middle level managers play in strategic mgt? How does a course in business policy help
the student of M.B.A? What is the relevance of business policy course in understanding an
organization?
2. “Strategic planning is necessary but not sufficient condition for the success of an
enterprise”, why & why not? How would you explain the success of firms that do not use a
normal strategic planning process?
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Outline the major components of strategic mgt process.
3. Identify the role that CEOs play in strategic in strategic mgt.
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Strategic leaders are primarily responsible for creating & implementing strategic changes.
Define.
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“The core of general mgt is strategy.” Also discuss the role that a strategist plays in
strategic mgt.
4. What are various environmental factors that effect the business? Discuss their relative
importance.
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List various factors in the area of marketing & distribution to be considered for
assessment of internal strengths & weakness.
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What are various environmental factors that affect the business? Discuss their relative
importance. Give examples as to how political legal forces have presented an opportunity
or a threat to a particular industry or business organization.
5. Define SWOT. What is the rationale of performing SWOT?
6. What is meant by organizational appraisal? Write a detailed explanatory note on the
methods & techniques used for organizational appraisal?
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Write an easy on concept of value chain & competitive advantage.

7. Evaluate the most common reasons for diversifying in terms of their impact on
competitive advantage & financial performance.
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Discuss Michel Porter’s approach to defining generic competitive strategies.
8. BCG product portfolio matrix is one tool that strategist can use to link resource allocation
decisions to choices of strategy. What other tools are available & how are they use.
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Difference between BCG & GE matrix tools used for strategic planning.

9. Explain the Significance & objectives of strategy .Discuss various types of strategies.
10.Distinguish between the different approaches in decision making.
11.Discuss the nature of the interrelationship that exists between the formulation &
implementation of strategies. Provide examples of such an interrelationship.
12.“The actual organizational structure may be a combination of pure structures.” Comment
this statement.
13.Explain n the process of behavioral & functional implementation.
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What do you understand by behavioral implementation of strategy? Describe the role of
leadership in strategy implementation.
14.What is strategic evaluation & control? Discuss the techniques of evaluation & control.
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Distinguish between strategic evaluation & control evaluation. Also explain the following
aspects of control:
a) Mgt Control
b) Real time control
c) Strategic Control

Or

Discuss the techniques used for operational control.

1. Write a short note on.


• Industry Analysis
• Michel Porter’s five force model.
• Resource Based View,
• Critical success factors,
• The concept of synergy.
• Backward integration
• Business ethics

Very short questions:


• Differentiate between Vision, mission & values.
• What is SWOT analysis?
• What is value chain analysis?
• What is corporate planning?
• What is strategic alliance?
• What is Benchmarking?
• What do you mean by core competency? Give examples.
• What is business Ethics?
• Differentiate between merger, acquisition & takeover.
• Distinguish between concentric diversification & conglomeratic diversification.
• Why do firms have objectives
• What is Strategy?
• Distinguish between objectives & goals.
• What is corporate Planning?
• Matrix structure
• What is Synergy?
• State the objective of Business policy?
• Explain BCG matrix in belief.
• What is operational control?
• Explain the process of Strategic decision making?
• Financial objectives
• Name two conditions of competitive rivalry
• Retrenchment strategy
• Role of strategist
• Backward integration
• Strategic intent
• Cost leadership
• Anti leadership
• Difference between strategic momentum & leap control
• Reactive & proactive
• Pause strategy