Reference no: EM132705967

1. Differentiate strategy, strategic management and strategist.

2. What is the difference between bottom-up approach and Top-down approach strategic management technique?

Which one do you think is preferable?

A. Bottom-up approach or Top-down approach and why?

B. Give practical examples for your choice

3. Why strategic implementation stage is considered as the most difficult?

4. Define the following by your own words:

A. Competition

B. Competitors

C. Competition advantage

D. Competitive priority and list some of it.

E. Competitive environment

F. Core competency

5. What do you think is the benefit of strategic management?

6. Clearly explain those types of strategy that you understand from chapter one and when we use each of them?

7. How you relate Business ethics with strategic management

8. What are essential component of mission

9. Mention the mission, vision and values of 10organizations?

10. Define business environment?

11. What is environmental scanning And why we scan?

12. What are factors to be analyses in both internal and external environmental analysis? Mention separately?

13. What are factors that shape the competitive environment? Please mention them with practical example for each factor?

14. There are two types of resources Available resources and unique resources? So take one business organization from local company and list both available and unique resources?

15. What is benchmarking and it's important?

16. Explain clearly SWOT- Analysis and it's important to the firms?

17. Strategy can be formulated on three different levels:

- corporate level

- business unit level

- Functional or departmental level.

So take one local company and clearly explain each of them and mention with practical example?

18. The BCG growth-share matrix is the simplest way to portray a corporation's portfolio of investments. Growth share matrix also known for its cow and dog metaphors is popularly used for resource allocation in a diversified company. Using the BCG approach, a company classifies its different businesses on a two-dimensional growth-share matrix.

Based on this information take MIDROC-corporation and try to show which company of MIDROC is categorized under which BCG growth share matrix.

19. All strategies are subject to future modification-why?