Beruflich Dokumente
Kultur Dokumente
Assignment - A
Question 1. How do you differentiate between Strategy and Strategic Management?
What is your understanding of ‘Policy'? What are the characteristics of
Strategic decision? Write down some definitions of Strategic Management?
Answer: Strategy is defined as the unified plan designed to achieve goals and objectives.
This plan is conducted after understanding the environment and system. Strategy is the
process of providing a trick so as to reach the destination with saving in time, cost, resources
and energy. Strategy is all about providing a course of action and every strategy is how to
beat the competition. Strategy is all about providing a right set of tools and techniques to
make sure that the process of success is well defined. Strategy is a tool in every initiative we
take up with. It starts with proper understanding o environments and creating a strategy
requires providing a option for understanding the decision and providing solutions for each of
the type. Strategies are done at corporate, business and functional level.
Question 2. What is Vision and Mission? Enumerate its elements. Write down your
company's vision and mission statements and discuss whether these fit in your
definitions. What are goals and Objectives? What are the main features of
objectives? State factors affecting objectives. Distinguish between official
objectives and operative objectives.
Question 3. What are the basic social obligations of a business organization? Do these
conflicts with the profit objective of the business? What is social audit?
Analyse the mission and objectives of your own organization. Evaluate and
write down to what extent does the organization follows social responsibility
and its objectives?
Question 4. What is the concept of environment? Search the library and other sources
of information to predict the type of environment managers are likely to face
ten years hence. Analyse the environment scanning process in your own
organization and evaluate how it will face the environment which is fast
developing as per your analysis above?
Question 5. Explain the role of SWOT analysis as a tool of facilitating strategic choice at
the business level. How is it similar / dissimilar to the grand strategy clusters?
Assignment - B
Question 1. What is core competence? Explain with some examples? Can you list your
company's core competencies? What is organizational culture? Why is it
important?
Question 2. Explain the role of three behavioral considerations in strategy examination
and choice. What are the advantages of Centralisation and Decentralisation?
How does having exceptionally competent people at lower levels in the
organization facilitate decentralization?
Case Study
WS INDUSTRIES
Question Please analyse the enclosed case - WS Industries and answer the following
question.
You should not only refer to the facts and the situation in the case, but also explain and
elaborate your understanding of the issues.
Question: It has been observed that “WS industries strat egic success has been the
synergy it was able to establish with its competencies to supply core
components and its competitive advantage in terms of price'.
Note:
The purpose is to allow the participants to demonstrate their understanding of the concepts
and their ability to apply the same to the issues of the case. The analysis should be realistic
and feasible. It is important to identify issues and develop sound reasoning to support your
recommendations.
Assignment - C
1. Can objectives be arranges in hiera rchy? Yes/No
7. Domestic level analysis does not differ from multinational analysis? Yes/No
8. Do you agree that soon all industries will have to evaluate global environment?
Yes/No
9. Skills and Abilities of the individual you would like to hire as the environmental forecaster
for your Rs. 500 corers sales organization. Would be same for a smaller and larger group?
Can you list some Skills and abilities
Yes/No
12. ROI, Payback Period, IRR and NPV are tools of decision making? Yes/No
13. Does Vertical integration result in improved product quality? Can you explain?
Yes/No
15. Can you draw life cycle curve and label the phases it depicts? Yes/No
19. Is it true that top management policies should be broad, general, and flexible while that of
the lower level policies should be explicit, narrow, and rigid?
Yes/No
20 Do you know what are the policies which might exist in finance, marketing, personnel,
and production called?
Yes/No
23 Or is it a strategic constraint?
Yes/No
24 Do you know the steps of strategy implementation? Can you list them?
Yes/No
34 There are various qualitative and quantitative criteria for strategy review and control? Do
you know these?
Yes/No
35 Are you familiar with the term Performance Gap in strategic management?
Yes/No