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PROGRAM
Master of Business Administration MBA
SEMESTER
IV
SUBJECT CODE & NAME
MB0052
Strategic Management and Business Policy
Qus:1 What do you mean by Strategic Management Process (SMP)? Explain the three
levels in Strategic Management Process.
Answer: The strategic management process consists of four distinct steps or stages:
(a) Defining organizational mission, objectives or goals
(b) Formulation of strategy/strategic plan
(c)

Qus:2 Write short notes on Corporate Governance and Strategic Audit.

Answer: We will now define corporate governance. Often, corporate governance is equated
with corporate management, which is not correct. As has been pointed out above, corporate
governance is concerned with serving the interest of the owners (stockholders) and, is much
broader in
Qus:3 Explain the major environmental factors a business strategist should consider
while formulating business strategies.
Answer: All these and many other such cases point to an important facet of business
sensitivity of strategy to the external environment. The major environmental factors a
business strategist should reckon with are:
Political

Qus:4 Explain Corporate Restructuring using examples.

Answer: Corporate restructuring means organizational change to create a more efficient or
profitable enterprise. Similar terms which are used for restructuring are revamping,
regrouping,

Qus:5 Explain Michael E Porters Competitive Threat Model with suitable examples.
Answer: A vital task of a strategist is to anticipate and/or recognize the nature of competition
and potential threat from competitors and to develop appropriate response strategies. The
most difficult task in this is to properly assess the magnitude of existing competition and
correctly foresee the threat from new and emerging competitors. Porter (1980) in his
pioneering work

Qus:6 Explain whether Leadership style is Portable? Also explain the leadership Role of
Top Management.
Answer: Nohria and others (2006) have researched on a very interesting subject: Is
leadership or leadership style portable? Or, to put it in another way: Will a leader, successful
in one organization, be necessarily successful in another company?
The authors studied

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