DCM7101 STRATEGIC MANAGEMENT

Description

SESSION	March 2024
PROGRAM	Master of commerce
SEMESTER	III
course CODE & NAME	DCM7101 Strategic Management
CREDITS	04
nUMBER OF ASSIGNMENTS & Marks	02 30 MARKS EACH

 

 

Assignment Set – 1^st

Questions

 

1. Define Strategic Management. How does Strategic Management help organizations succeed?

Ans: Definition of Strategic Management Strategic

Management is the systematic analysis, planning, and implementation of actions that guide an organization towards achieving its long-term goals and objectives. It involves setting the vision, mission, and strategic objectives of the organization, analyzing the internal and external environments, formulating strategies, implementing them effectively, and evaluating and controlling the outcomes to ensure the

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2. Explain PEST analysis with suitable example.

Ans: PEST Analysis

PEST Analysis is a strategic management tool used to analyze the external macro-environmental factors that could impact an organization. PEST stands for Political, Economic, Social, and Technological factors. This analysis helps organizations understand the broader forces at play in their environment, enabling them to adapt their strategies to take advantage of

 

 

3. Elaborate the process of Strategic Evaluation. What techniques can be used for Strategic Evaluation?

Ans: Process of Strategic Evaluation

Strategic Evaluation is the process of assessing the effectiveness and efficiency of a company’s strategies in achieving its objectives. It helps in understanding the current state of strategic implementation, identifying areas of improvement, and ensuring that the organization is on the right path toward its long-term goals.

The

 

Assignment Set – 2^nd

Questions

 

4. What do you mean by Corporate Social Responsibility? Highlight the models of CSR.

Ans: Corporate Social Responsibility (CSR)

Corporate Social Responsibility (CSR) refers to the ethical obligation of businesses to contribute positively to society and the environment while conducting their operations. It encompasses a wide range of activities that go beyond profit-making, including ethical practices, environmental sustainability, social equity, and community engagement. CSR initiatives aim to create a balance between economic, social, and environmental imperatives while addressing

 

5. Write a note on Multinational Corporations. Also state their importance.

Ans: Multinational Corporations (MNCs)

Multinational Corporations (MNCs) are large business entities that operate in multiple countries around the world. They have centralized management, typically headquartered in one country, but their operations, production, and sales extend across various nations. MNCs leverage global opportunities to enhance their market reach, resource access, and competitive advantage.

Key

 

6. Define Strategic Alliance. Discuss the different types of Strategic Alliance.

Ans: Strategic Alliance

A Strategic Alliance is a formal agreement between two or more organizations to collaborate and share resources, knowledge, or capabilities to achieve mutually beneficial objectives while remaining independent entities. These alliances are often formed to leverage complementary strengths, enter new markets, share risks, or innovate more effectively. Unlike mergers or