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DRIVE
Spring
2018
PROGRAM/SEMESTER
MBADS/
MBAFLEX/ MBAHCSN3/ MBA – SEM 4
PGDBMN/
PGDENMN/ PGDFMN/ PGDHRMN/ PGDHSMN/ PGDIB/ PGDISMN/ PGDMMN/ PGDOMN/
PGDPMN/PGDROMN/ PGDSCMN/ PGDTQMN – SEM 2
SUBJECT
CODE & NAME
MB0052-
Strategic Management and Business Policy
Q1
Briefly discuss concept of strategy? Explain the various levels of strategy in
an organization.
a.
Meaning of strategy
b.
Levels
Answer:
Business or military
success is not the result of any accidental strategies. Rather, success is the
outcome of continuous attention to internal and external conditions and
formulation and implementation of strategies to suit those conditions. The
element of surprise or unforeseen situations provides a challenge as well as an
Q2
How strategic planning and strategic management are interrelated to each other?
Which comes first?
Strategic
Planning and Strategic Management
Answer: Strategic
Planning and Strategic Management
Plan or planning should precede action. And, strategic
planning should precede strategic management. Strategic planning (also called
corporate planning) provides the framework (some call it a tool) for all major
decisions of an
3
What is a mission statement? Differentiate between a mission statement and
vision statement.
Mission
Statement
Mission
and Vision
Answer: Mission Statement
‘A
business is not defined by its name, statutes or articles of incorporation. It
is defined by the business mission. Only a clear definition of the mission and
the purpose of the organization makes possible clear and
4
What is SWOT analysis in terms of Internal & External Analysis? Explain
SWOT analysis in the form of a matrix?
SWOT
Analysis
Answer: ETOP and
EFEM focus only on the opportunities and threats from the environment. But, to
exploit an opportunity or to consider a threat, a company should have required
strengths or competence. A company also needs to
5
Define corporate turnaround? Distinguish between surgical and nonsurgical
turnaround. Explain with some examples?
Turnaround
Strategy
Surgical
Turnaround and Non-surgical Turnaround
Answer: Corporate turnaround may be
defined as organizational recovery from business decline or crisis. Business
decline for a company means continuous fall in turnover or revenue, eroding
profit, or accrual or accumulation of losses. So, business or organizational
decline, like business performance, is understood in relative terms, that is,
compared with the
6
What are the major characteristics of an effective strategy evaluation system?
Analyze these characteristics.
Characteristics
of an Effective Evaluation System
Answer:
Strategy evaluation and control is an elaborate, and,
at times, complex, process. It can also be a sensitive process because of the
human factor involved. Too much or too rigorous evaluation and control may be
expensive and,
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DRIVE
Spring
2018
PROGRAM
Master of
Business Administration- MBA
SEMESTER
Semester 4
SUBJECT
CODE & NAME
MB0053 –International Business Management
Q.1 Define international Business? What are the various
factors affecting international Business?
Definition international Business
Answer-Various factors affecting international Business
International business can be defined as any business that
crosses the national borders of a country. It includes importing and exporting;
international movement of goods, services, employees, technology, licensing,
and franchising of intellectual property (trademarks, patents, copyright and so
on). International business includes investment in financial and immovable
Q.2 Explain detail structure of WTO with diagram?
Structure of WTO with Diagram.
Answer-
WTO
WTO was established on 1st January 1995. In April 1994, the
Final Act was signed at a meeting in Marrakesh, Morocco. The Marrakesh
Declaration of 15th April 1994 was formed to strengthen the world economy that
would lead to better investment, trade, income growth and employment
Q.3 Write a short note on international regulatory bodies.
European Union
United nations
OECD
IASC
IFA
Answer- European Union
European Union is pro-active in the harmonisation process.
European Commission sets directives, which are
Q.4 What are the four methods of
payment for the international Transactions?
Payment Methods
Since international trade deals with exchange of goods,
there are various ways in which the payment terms (finance) will be handled.
Bothe seller and trader should be careful about the method of payment as they
are at different locations and transactions happen without face-to-face
interaction. There are
Q.5 Explain in detail about short
term credit and long term credit.
Short term credit
long term credit
Answer-
Short term credit
The short term credit is provided in the form of
pre-shipment and postshipmentfinance. This can be provided by the commercial
banks that are authorised dealers in the foreign exchange. Short term credits
are
Q.6 What are the various advantages
of global sourcing?
Advantages of Global sourcing
Answer-
Advantages of Global Sourcing
As business operations diversified in the global production
chain due to globalization, companies have to evaluate their choices, decisions
and strategy for outsourcing different components at a cost effective level
from all around the world. Outsourcing offers several advantages as different
countries are endowed with different natural, physical and demographic
resources
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