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Strategic Management

Questions
Q.1. Briefly explain the following terms:
Vision
Mission
Strategic Competitiveness
Competitive Advantage
Above average Returns.
What is the importance of above terms for those who are responsible for organizations
performance?
Q.2. Why is it necessary for a firm to study and understand the external environment?
What process the firm goes through while analyzing the external environment?
Q.3. Please explain PORTERS FIVE FORCES MODEL Why will you use this model?
Does this help you understand Industrys profit potential?
Q.4. Why is it important for a firm to study and understand its internal environment?
Briefly explain the terms: Resources, Capabilities and Core Competencies?
Q.5. What are the differences between tangible resources and intangible resources?
Which one of these resources are more closely linked to creation of competitive
advantages and why ?
Q.6. What is VALUE CHAIN ANALYSIS and why do firms use this tool? What criteria
will you use to decide whether to outsource an activity?
Q.7. Please briefly explain various Business level strategies. What is the relationship
between a firms customers and its business level strategy? Why is this relationship
important?
Q.8. How is competitive advantage achieved through successful implementation of the
Cost Leadership strategy? The differentiation strategy, the integrated Cost Leadership/
Differentiation Strategy?
Q.9. What do you understand by Strategic Action and Tactical Action ? What type of
firms are more likely to initiate strategic action?
Q.10. What is the corporate level strategy? What are the advantages and disadvantages of
Single and dominant business strategies compared with those of firms with higher level
of diversification?

Q.11. What incentives and resources encourage diversification in firms? What motives
might encourage managers to engage a firm in more diversification than seems
appropriate?
Q.12. Why firms competing in global economy use acquisition strategies? How this helps
firms achieve competitive advantage?
Q.13. What are the attributes associated with successful use of acquisition strategy and
what are the problems associated with it?
Q.14. What are the traditional and emerging motives that are causing firms to expand
internationally? How do you think application of PORTERS DIAMOND MODEL
helps in decision making?
Q.15. Please explains three corporate level International Strategies Multi-Domestic
Global and Transactional. What are the differences among these?
Q.16. What models firms use to expand internationally and what are the risks associated
with each mode of entry?
Q.17. Please describe different types of Cooperative strategies the firms use. What are
the advantages and disadvantages of different Cooperative strategies used at businesslevel?
Q.18. What is Corporate Governance? How each of the four internal governance
mechanism is used to align the interests of the owners and agents of the firm?
Q.19. What is the importance of an organizational structure in formulating and
implementing strategy? Should structure follow strategy or strategy be formulated in line
with the structure? Please explain?
Q.20. Please explain PORTERS FIVE FORCES MODEL and PORTERS
DIAMOND MODEL and outline application of each of the above models?
Q.21. Mc Donalds is one of worlds best known brands. The company has approx
31,000 restaurants located in more than 118 countries and serves nearly 58 million
customers every day.
What strategy has Mc Donalds used to achieve such visiobility ? Is it Global, Multi
Domestic or Transnational Strategy ? Please justify your answer.
Q.22. What is corporate governance ? Why this issue is receiving a lot of attention from
all stake holders ? Do you think it is necessary to separate ownership control from
Management Control for better Governance ? If yes, how this should be achieved.
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Sub.: Strategic Management


Duration : 3 Hrs.
Max. Marks : 60
Instructions :
1. Q.1. is compulsory and carries 20 marks.
2. Out of the balance 6 questions answer any 4. Each carries 10 marks.
Q.1. Please read and analyse carefully the attached case ITC LTD and answer
following questions.
a. What were the factors which led ITC to diversify into different business areas.
b. How will you classify ITCs diversification Strategy ?
c. Has ITC been able to transform their image ? Please give your reason.
Q.2. Why is it important for a firm to study and understand its internal environment?
Briefly explain the terms: Resources, Capabilities and Core Competencies?
Q.3. How is competitive advantage achieved through successful implementation of the
Cost Leadership strategy? The differentiation strategy, the integrated Cost
Leadership/ Differentiation Strategy?
Q.4. What incentives and resources encourage diversification in firms? What motives
might encourage managers to engage a firm in more diversification than seems
appropriate?
Q.5. Mc Donalds is one of worlds best known brands. The company has approx 31,000
restaurants located in more than 118 countries and serves nearly 58 million
customers every day.
What strategy has Mc Donalds used to achieve such visibility ? Is it Global,
Multi Domestic or Transnational Strategy ? Please justify your answer.
Q.6. What is Corporate Governance? How each of the four internal governance
mechanism is used to align the interests of the owners and agents of the firm?
Q.7. Please explain PORTERS FIVE FORCES MODEL and PORTERS
DIAMOND MODEL and outline application of each of the above models?

XXXXXXXX

Sub.: Strategic Management


Duration : 3 Hrs.
Max. Marks : 60
Instructions :
1. Q.1. is compulsory and carries 20 marks.
2. Out of the balance 6 questions answer any 4. Each carries 10 marks.
Q.1. Please read and analyse carefully the attached case SATYAM and answer
following questions :
a. What according to you are the reasons behind down fall of Satyam ?
b. What Corporate Governance Mechanism you will recommend so that such
situations do not arise ?
Q.2. Please explain PORTERS FIVE FORCES MODEL Why will you use this
model? Does this help you understand Industrys profit potential? Please support
your answer with an example.
Q.3. What are the differences between tangible resources and intangible resources?
Which one of these resources are more closely linked to creation of competitive
advantages and why ?
Q.4. What is the corporate level strategy? What are the advantages and disadvantages of
Single and dominant business strategies compared with those of firms with higher
level of diversification?
Q.5. What are the attributes associated with successful use of acquisition strategy and
what are the problems associated with it?
Q.6. What models firms use to expand internationally and what are the risks associated
with each mode of entry?
Q.7. Please describe different types of Cooperative strategies the firms use. What are the
advantages and disadvantages of different Cooperative strategies used at businesslevel?

XXXXX

Sub.: Strategic Management


Duration : 3 Hrs.
Max. Marks : 60
Instructions :
1. Q.1. is compulsory and carries 20 marks.
2. Out of the balance 6 questions answer any 4. Each carries 10 marks.
Q.1. Please read and analyse the attached case APPLE and answer the following
questions :
a. What are the strategies followed by APPLE ? Do you think these are going to
give Apple a sustained competitive advantage ?
b. Do you agree with the analysists -- questioning Appless future without Jobs?
Please justify your answer.
Q.2. Why is it necessary for a firm to study and understand the external environment?
What process the firm goes through while analyzing the external environment?
Q.3. What is VALUE CHAIN ANALYSIS and why do firms use this tool? What
criteria will you use to decide whether to outsource an activity?
Q.4. How is competitive advantage achieved through successful implementation of the
Cost Leadership strategy? The differentiation strategy, the integrated Cost
Leadership/ Differentiation Strategy?
Q.5. What are the traditional and emerging motives that are causing firms to expand
internationally? How do you think application of PORTERS DIAMOND
MODEL helps in decision making?
Q.6. What are the traditional and emerging motives that are causing firms to expand
internationally? How do you think application of PORTERS DIAMOND
MODEL helps in decision making?
Q.7. What is corporate governance ? Why this issue is receiving a lot of attention from
all stake holders ? Do you think it is necessary to separate ownership control
from Management Control for better Governance ? If yes, how this should
be achieved.

XXXXX