Jind Institute of Engineering and Technology Department of Business Administration Guess Paper

Business Policy and Strategic Management

Q1. How does a course in business policy help in understanding an organisation and the business environment in which it exist? Q2. Describe the process of strategic management. Draw a neat chart that shows the different elements in the strategic management process. Q3. A vision is too abstract to be of any practical value. Do you agree with this statement? Why? Q4. Describe the essential characteristics of a Mission statement. In what different ways can a mission statement be formulated? Q5. Through the use of suitable examples, explain the role that objectives play in strategic management. Q6. Describe some of the important characteristics of environment and demonstrate how a strategist can understand it better by dividing it into external and internal components, and general and relevant environment. Q7. Describe the different aspects of environmental scanning necessary for identifying opportunities and threats in a companys environment. Q8. Discuss the various techniques of business environment analysis in detail. Q9. Explain the different aspects of the internal environment emphasizing the nature of their impact on the capability of an organisation and ultimately on its strategic advantage. Q10. Describe the various considerations involved in appraising an organisation. Q11. Write a detailed explanatory note on the methods and techniques used for the Organisational appraisal. Q12. Identify and explain the different types of Corporate- level strategies. Quote examples to explain each of these strategies. Q13. Explain the stability strategy in detail? Q14. Discuss the various types of Expansion strategy in detail? Q15. Consider the case of a company which is in immediate need of turnaround. (a) what approach to turnaround could be adopted? (b) What action/plan can be devised? Q16. When is a divestment strategy necessary? What approaches could be employed to adopt a divestment strategy? Q17. Elucidate the statement: Liquidation is the most extreme and unattractive strategy. Q18. Describe the manner in which the process of strategic choice works. Q19. Describe the major techniques used for analyzing a corporate portfolio. Q20. Discuss the nature of interrelationship that exists between the formulation and implementation of strategies. Give examples. Q21. Discuss the major structures that could be used as building blocks in creating an organisational structure. Mention the advantages and disadvantages of each type of structure from the view point of strategy implementation. Q22. Write a descriptive note on the importance of behavioural implementation in strategy implementation. Q23. Describe the major concerns of various areas of functional plans and policies. Point out the significance of each functional area for strategy implementation. Q24. Write a descriptive note on the nature and importance of strategic evaluation and control. Q25. Describe and explain the application of the techniques for strategic control and operational control.