This document provides a sample assignment for an MBA Strategic Management course. It includes 6 questions related to strategic management concepts and asks students to answer any 4 questions in 2 pages or 300 words each. The questions cover topics like strategic thinking, benefits of strategic management, relating operating plans to business strategy, the sponsor's role in plans, and measuring performance in operating systems. Students are instructed to send their semester and specialization to receive fully solved assignments.

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NIBM GLOBAL
Chennai
SECOND SEMESTER EMBA/MBA
Subject : Strategic Management
Attend any 4 questions. Each question carries 25 marks
(Each answer should be of minimum 2 pages / of 300 words)
1.What is Strategic thinking and Strategic Management? Explain.
Answer: Strategicmanagement isthe ongoingplanning,monitoring, analysis and assessment of all
that is necessary for an organization to meet its goals and objectives. Changes in the business
environment require organizations to constantly assess their strategies for success. The strategic
managementprocesshelpsorganizationstake stock of their present situation, chalk out strategies,
deploy them and analyze the effectiveness of the implemented management strategies
Strategic thinking is defined as a mental
2. Discuss the benefits of Strategic Management.
Answer: Successful companiesunderstandthatinordertostay inthe game and achieve profitability
they need to constantly innovate. The development of an effective innovation strategy provide
organizationswithaframeworktosuccessfullycreate innovative productsandservicesthat surprise
and delight customers and exceed market expectations.
3. The essence of strategic planning is to help a company
develop and sustain advantage in the marketplace through unique
resources, agility, superior products and/or superior service.
Discuss.
Answer: What is strategic business management?
Strategic management is an essential component of businesses. It refers to the formulation and
implementationof the goalsandinitiativesinvolvedinthe strategies,laidoutbythe stakeholders of
an organisation. In simpler words, to ensure wise decision-making processes, it is important that

2. strategies are in place to support the business functions and operations. Strategic management
therefore entails evaluating business goals
4. Discuss the sponsor’s role in formulating and implementing a
plan.
Answer: Successful initiation of a new project is always based upon project sponsorship. If the
projectiswell funded by the project sponsor (investor), it has the required financial foundation to
carry out works,achieve objectivesandproduce deliverables.The sponsor authorizes the necessary
resources and makes decisions related to finances and cash flows of the project. Let’s briefly talk
about the role and responsibilities of
5. How will you relate operating plan to business strategy?
Explain.
Answer: The process of business planning is made up of several steps. A strategic plan is used to
outline companyobjectivesand to identify the methods in which those objectives can be reached.
An operational plan is the comprehensive way in which each department or division will use its
resources to achieve company goals. Strong links between the strategic plan and the operational
plan are needed to allow the company to operate efficiently.
Budgets
The primary financial link between a strategic
6. Explain the factors that contributes to the ambiguity of
measuring performance in operating systems?
Answer: A strategic plan must specify goals, strategic objectives and actions, and the final
performance measures by which management and the stockholders will gauge success. Top
management’sperformance canusually be measured in terms of sales volume, market share, cash
flow, profit, ROI, dividends and market value.
For operating management, however, there is often a big disconnect from the strategic plan. The
disconnectisdue to the lack of alignment and proper measurement of the business processes and
activities that drive financial results.
Dear students get fully solved assignments
Send your semester & Specialization name to our mail id :
help.mbaassignments@gmail.com
or
call us at : 08263069601