Reference no: EM132948511
1. Strategic management is a capstone, integrative course. Explain the statement.
2. What are the four paradigm shifts strategic management has moved through in the course of its historical evolution?
3. State some pointers to the future directions of strategic management.
4. What is the scope of strategic management?
5. What is the concept of strategy?
6. Point out, at least, two limitations of the concept of strategy.
7. What are the different levels at which strategy operates?
8. What is strategic decision-making?
9. Enumerate the major issues in strategic decision- making.
10. Define strategic management.
11. Enumerate the elements in the strategic management process.
12. Write a descriptive note on the historical evolution of strategic management in the world.
13. Explain the concept of strategy and point out its limitations.
14. Pick up business magazines and newspapers. Locate the corporate reports of different types of companies. Identify the strategies that these companies are employing at present. Analyze the matter you have collected to write explanatory note on the strategies being used by the companies.
15. Review the literature in strategic management and read definitions of strategy. Derive the essence of the concept of strategy from these definitions and prepare lucid note explaining the various components of the concept of strategy.
16. Describe the different levels at which strategy operates. How is integration of strategies operating at different levels done?
17. Discuss the issues that are relevant for strategic decision-making.
18. Describe the process of strategic management. Draw a neat chart showing comprehensively the different elements in the strategic management process.
19. Apply the strategic management model to your own case. Follow the process and identify the different elements such as your vision and mission, career objectives, your self-appraisal and the opportunities and threats operating in the job market, the career advancement strategies that you choose, and how you would implement these strategies and evaluate your performance. Describe what you have thought systematically according to the different phases of strategic management.
20. Give brief explanation of each of these concepts: (a) stretch (b) leverage (c) fit.
21. What are the possible pitfalls in not having a vision for an organization?
22. Define 'mission' on your own words.
23. Mention the characteristics of a good mission statement.
24. What problems can an imprecise and unclear mission create for an organization?
25. Explain the three dimensions of business definition.
26. How is business model related to the strategy of an organization?
27. Identify the roles that objectives play in strategic management.
28. State the issues of importance to objective setting.
29. Mention the characteristics of objectives.
30. Only verifiable objectives can be meaningfully used in strategic management. Why?
31. Name some important constraints under which objectives are set.
32. State any two objectives, which, in your opinion are of bad quality. Now alter them in such a way that their quality improves?
33. Propose the factors to be taken into account while setting objectives.
34. Why can parameters such as shareholder value, economic value added or market value added be better for objective setting?
35. 'A vision is too abstract to be of any practical value'. Do you agree with this statement? Why?
36. Describe the essential characteristic of a mission statement. In what different ways can a mission statements of be formulated?
37. Consider any organization of your choice. Attempt to define its business along the dimensions of customer groups, customer functions, and alternative technologies. What insight does such a definition offer to you for strategic management of your chosen organization?