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AEREN FOUNDATION’S Maharashtra Govt. Reg. No.: F-11724
SUBJECT :STRATEGICMANAGEMENT
Total Marks: 80
N. B.: 1)Attempt any Four Questions
2)All questions carries equal marks.
Answer any Four of the following questions (20 marks each)
Question.1.a) Explain the purpose of a mission statement.
Question. 1. b) Prepare a two-page typewritten mission statement for your company of your
choice or for abusiness school.
Question.1. c) List five potentially vulnerable areas of a firm without a stated company mission.
Answer:
Question.2. Define the term social responsibility. Find an example of a company action that was
legal but notsocially responsible. Give a few Indian example of Indian Firms that have
incorporated Socialresponsibility in their mission and vision statements.
AN ISO 9001 : 2008 CERTIFIED INTERNATIONAL B-SCHOOL
Answer:Social responsibility is an ethical framework which suggests that an entity, be it an
organization or individual, has an obligation to act for the benefit of society at large. Social
responsibility is a duty every individual has to perform so as to maintain a balance between the
economy and the ecosystems. A trade-off may exist between economic development, in the
material sense,andthe welfareof the societyandenvironment,thoughthishasbeen challenged by
manyreportsoverthe pastdecade.Social responsibilitymeanssustaining the equilibrium between
the two. It pertains not only to business organizations but also to everyone whose any action
impactsthe environment.Thisresponsibilitycanbe passive,byavoidingengaginginsociallyharmful
acts, or active, by performing activities that directly advance social goals.
Question.3. What key emerging changes do you see in the global environment andWhat are their
implications for strategy?Why do Company’s diversify?
Answer:Organizations have entered a new era characterized by rapid, dramatic and turbulent
changes.The acceleratedpace of change has transformed how work is performed by employees in
diverse organizations.Changehastrulybecome an inherent and integral part of organizational life.
Several emerging trends are impacting organizational life. Of these emerging trends, five will be
examined:globalization,diversity,flexibility, flat, and networks. These five emerging trends create
tensions for organizational leaders and employees as they go through waves of changes in their
organizations.These tensionspresentopportunitiesaswell as threats, and if these tensions are not
managedwell,theywill result in dysfunctional and dire organizational outcomes at the end of any
change process. These five trends and the specific
Question.4. Explain the relevance and the implication of Porter’s generic strategies and the five
competitiveforces. Can mass customization outdate his generic strategies on an industry
widespread basis?
Answer:
Question.5. Why are Joint Ventures formed? Are they relevant in the current WTO regime? What
are thecharacteristics and strategic issues involved in JV’s and why do they fail?
Answer:
Question.6. Describe the different types of co-operation strategies and illustrate each with
examples. Explainthe utility of the SWOT exercise.
Answer:Strength, Weakness, Opportunity, Threat. A SWOT analysis guides you to identify the
positivesandnegativesinsideyour organization(S-W) andoutside of it,inthe externalenvironment
(O-T). Developing a full awareness of your situation can help with both strategic planning and
decision-making.
The SWOT method (which is sometimes called TOWS) was originally developed for business and
industry, but it is equally useful in the work of
Question.7. Write short notes on any 3 of the following :
Question.a. Stakeholder expectations
Answer:Stakeholderscanbe definedasall entitiesthat are impacted through a business running its
operations and conducting other activities related to its existence. The impact can be direct in the
case of the business's customers and suppliers or indirect in the case of the communities in which
the businesschoosestoplace itslocations.Businessesmustconsiderthe needs and expectations of
itsstakeholders,thoughitneednotconsiderthem to be of equal importance. Certain stakeholders
such as owners and investors are more important than others.
Business Stakeholders: Stakeholder is a catch-all
Question.b. The Value Chain
Answer:Toanalyze the specificactivitiesthroughwhichfirmscancreate a competitive advantage, it
isuseful to model the firm as a chain of value-creating activities. Michael Porter identified a set of
interrelatedgenericactivitiescommontoawide range of firms.The resultingmodel is known as the
value chain and is depicted below:
The goal of these activities is to create
Question.c. Franchising & Licensing
Answer:For a company looking to expand, franchising and licensing are often appealing business
models. In a franchising model, the franchisee uses another firm's successful business model and
brand name to operate what is effectively an independent branch of the company. The franchiser
maintains a considerable degree of control over the operations and processes used by the
franchisee, but also helps with things like branding and
Question.d. Core competency & sustained competitive advantage
Answer:Core competenciesare the crown jewels of a company and, therefore, should be carefully
nurtured and developed. Companies can determine their future business directions based on the
strengthsof competencies.However,becausegeneralizedterms such as resource, asset, capability,
and competence are not clearly explained in connection with competence theory, these posing
difficultiesinunderstanding many contemporary management concepts. In this paper, the authors
provide a summary of the recent management theories by comparing their salient features. They
then propose a linking mechanism between assets
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Strategic management

  • 1. Dear students get fully solved assignments Send your semester & Specialization name to our mail id : help.mbaassignments@gmail.com or call us at : 08263069601 AEREN FOUNDATION’S Maharashtra Govt. Reg. No.: F-11724 SUBJECT :STRATEGICMANAGEMENT Total Marks: 80 N. B.: 1)Attempt any Four Questions 2)All questions carries equal marks. Answer any Four of the following questions (20 marks each) Question.1.a) Explain the purpose of a mission statement. Question. 1. b) Prepare a two-page typewritten mission statement for your company of your choice or for abusiness school. Question.1. c) List five potentially vulnerable areas of a firm without a stated company mission. Answer: Question.2. Define the term social responsibility. Find an example of a company action that was legal but notsocially responsible. Give a few Indian example of Indian Firms that have incorporated Socialresponsibility in their mission and vision statements. AN ISO 9001 : 2008 CERTIFIED INTERNATIONAL B-SCHOOL
  • 2. Answer:Social responsibility is an ethical framework which suggests that an entity, be it an organization or individual, has an obligation to act for the benefit of society at large. Social responsibility is a duty every individual has to perform so as to maintain a balance between the economy and the ecosystems. A trade-off may exist between economic development, in the material sense,andthe welfareof the societyandenvironment,thoughthishasbeen challenged by manyreportsoverthe pastdecade.Social responsibilitymeanssustaining the equilibrium between the two. It pertains not only to business organizations but also to everyone whose any action impactsthe environment.Thisresponsibilitycanbe passive,byavoidingengaginginsociallyharmful acts, or active, by performing activities that directly advance social goals. Question.3. What key emerging changes do you see in the global environment andWhat are their implications for strategy?Why do Company’s diversify? Answer:Organizations have entered a new era characterized by rapid, dramatic and turbulent changes.The acceleratedpace of change has transformed how work is performed by employees in diverse organizations.Changehastrulybecome an inherent and integral part of organizational life. Several emerging trends are impacting organizational life. Of these emerging trends, five will be examined:globalization,diversity,flexibility, flat, and networks. These five emerging trends create tensions for organizational leaders and employees as they go through waves of changes in their organizations.These tensionspresentopportunitiesaswell as threats, and if these tensions are not managedwell,theywill result in dysfunctional and dire organizational outcomes at the end of any change process. These five trends and the specific Question.4. Explain the relevance and the implication of Porter’s generic strategies and the five competitiveforces. Can mass customization outdate his generic strategies on an industry widespread basis? Answer: Question.5. Why are Joint Ventures formed? Are they relevant in the current WTO regime? What are thecharacteristics and strategic issues involved in JV’s and why do they fail? Answer: Question.6. Describe the different types of co-operation strategies and illustrate each with examples. Explainthe utility of the SWOT exercise.
  • 3. Answer:Strength, Weakness, Opportunity, Threat. A SWOT analysis guides you to identify the positivesandnegativesinsideyour organization(S-W) andoutside of it,inthe externalenvironment (O-T). Developing a full awareness of your situation can help with both strategic planning and decision-making. The SWOT method (which is sometimes called TOWS) was originally developed for business and industry, but it is equally useful in the work of Question.7. Write short notes on any 3 of the following : Question.a. Stakeholder expectations Answer:Stakeholderscanbe definedasall entitiesthat are impacted through a business running its operations and conducting other activities related to its existence. The impact can be direct in the case of the business's customers and suppliers or indirect in the case of the communities in which the businesschoosestoplace itslocations.Businessesmustconsiderthe needs and expectations of itsstakeholders,thoughitneednotconsiderthem to be of equal importance. Certain stakeholders such as owners and investors are more important than others. Business Stakeholders: Stakeholder is a catch-all Question.b. The Value Chain Answer:Toanalyze the specificactivitiesthroughwhichfirmscancreate a competitive advantage, it isuseful to model the firm as a chain of value-creating activities. Michael Porter identified a set of interrelatedgenericactivitiescommontoawide range of firms.The resultingmodel is known as the value chain and is depicted below: The goal of these activities is to create
  • 4. Question.c. Franchising & Licensing Answer:For a company looking to expand, franchising and licensing are often appealing business models. In a franchising model, the franchisee uses another firm's successful business model and brand name to operate what is effectively an independent branch of the company. The franchiser maintains a considerable degree of control over the operations and processes used by the franchisee, but also helps with things like branding and Question.d. Core competency & sustained competitive advantage Answer:Core competenciesare the crown jewels of a company and, therefore, should be carefully nurtured and developed. Companies can determine their future business directions based on the strengthsof competencies.However,becausegeneralizedterms such as resource, asset, capability, and competence are not clearly explained in connection with competence theory, these posing difficultiesinunderstanding many contemporary management concepts. In this paper, the authors provide a summary of the recent management theories by comparing their salient features. They then propose a linking mechanism between assets Dear students get fully solved assignments Send your semester & Specialization name to our mail id : help.mbaassignments@gmail.com or call us at : 08263069601