Strategic Management(301)

Practice Questions for University Exam

Date: 02 Nov 2019

1. Define the following:

i. Strategy
ii. Strategic Management
iii. Mission
iv. Vision
v. Critical success factors (CSF)
vi. Goals
vii. Objectives
viii. Key Performance Indicators (KPI)
ix. Competency
x. Capability
xi. SWOT Analysis
xii. Stretch, Leverage & Fit
xiii. Business (Abell’s Definition)
xiv. Business Model
xv. Business Process Reengineering

2. Differentiate between
i. Strategic management and Operational management
ii. Goals and Objectives
iii. Blue Ocean Strategy and Red Ocean Strategy
iv. Internal and External Stakeholders
v. Strategic Advantage Profile and Competitive Advantage Profile

3. Define Environment and mention the four characteristics of environment. What are the types of
environment and define relevant environment?

4. Explain Environmental Threat and Opportunity Profile (ETOP) and Strategic Advantage Profile(SAP).

5. What is Industry Analysis? Explain Porter’s five forces model of competition.

6. Explain resource based view of a firm and VRIO Framework.

7. Explain Porter’s Value Chain Model and specify primary and secondary activities.

8. Explain Business Portfolio Analysis with hep of BCG Matrix GE 9 Cell Model. Write the strategies
used for different products/BUs in the BCG Matrix.

9. What are the 3 levels of Strategies? Explain Porter’s Generic Strategies.

10. What are Corporate Level Strategies. Classify them and write short definition/meaning for each
classification and sub-category.

11. What are the Barriers to Implementation of Strategy?

12. Explain Mintzberg’s 5 Ps of Strategy.

13. Define Mintzberg’s 5 types of Strategies(Deliberate, Planned, Emergent, Realized, Unrealized)?

14. What is 7 S Framework? Indicate and differentiate between Hard S and Soft S.

15. Write notes on Six Sigma, TQM and Lean Six-Sigma.

16. Explain Management by Objectives (MBO).

17. Explain Balanced Score Card(BSC) and elaborate its uses.

18. Explain Strategic Control and types of controls.

19. What are the Principles and their types(formulating and implementing principles) types of Blue
Ocean Strategy?

20. Explain Strategy Canvass, Value Curves and Four Actions Framework.

21. Explain the types of Business Model in Internet World.

22. Explain Virtual Value Chain.

23. Define Sustanabilty and explain Triple Bottom Line(3BL or TBL).

24. Write notes on 3 pillars of sustainability management – Economic, Environmental and Social
Sustanabilty.

25. How is Strategy related to structure? Explain the 4 main types of Organizational Structures.