This document contains answers to questions about strategic management and business policy. It discusses strategies, core competencies, value chain analysis, environmental factors like politics and technology, turnaround strategies, strategic alliances, competitive advantage, and Porter's competitive threat model. The responses are brief explanations and definitions of these strategic management concepts.

1. Get Answers of following Questions here
Master of Business Administration- smude MBA Semester 4 spring 2015
MB0052: Strategic Management and Business Policy
Q1. What is strategy? Explain some of the major reasons for lack of strategic
management in some companies?
Answer: There are seven definitions of strategy given below which have evolved over a
period of more than 30 years (1962–96). During this evolutionary process, different authors
have focused on different aspects of the definition of strategy. These definitions are given …
Get complete Answers on www.smuHelp.com
Q2. Explain the following:
(a) Core competence
(b) Value chain analysis
Answer: a) Core Competence: The Core competence is the special or unique internal
competence of a company. Core competence is not just a single strength or skill or capability
of a company; it is ‘interwoven resources, technology and skill’ or synergy culminating …
Get complete Answers on www.smuHelp.com
Q3. Describe in brief the following environmental factors which a business strategist
considers:
(a) Political factors
(b) Technology
Answer: a) Political factors
Political factors or political conditions can have significant impact on industry, business and
the corporates. Political stability improves business environment and encourages economic
and business activities. Political instability produces the opposite effects. Political …
Get complete Answers on www.smuHelp.com
Q4. Write a brief note on Turnaround strategy.
Answer: Turnaround Strategy
Corporate turnaround may be defined as organizational recovery from business decline or
crisis. Business decline for a company means continuous fall in turnover or revenue, eroding
profit, or accrual or accumulation of losses. So, business or organizational decline, …
Get complete Answers on www.smuHelp.com
Q5. Define the term ‘strategic alliance’. What are its characteristics and objectives?
Answer: Strategic alliance may be defined as cooperation between two or more
organizations with a common objective, shared control and contributions (in terms of
resources, skills and capabilities) by the partners for mutual benefit. This definition can be
expanded and …
Get complete Answers on www.smuHelp.com
Q6. Write short notes on the following:
a) Competitive advantage
b) Porter’s Competitive threat model
Answer: a) Competitive advantage
Competitive advantage, also called strategic advantage, is essentially a position of
superiority of an organization in relation to its competitors. A more formal definition of
competitive advantage …
Get complete Answers on www.smuHelp.com