strategic management

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Strategic management is a way of setting objectives and figuring out ways to achieve them. Strategic Management’s aim is to keep a continuous eye on the goals and objectives of the organization. It is all about identifying strategies that managers can carry so as to achieve better performance and a competitive advantage for their organization.

Here we present Strategic Management Practice Question Paper 1:

Q.1      Answer the following. (any 2)                                                                                     (15)

  • Define strategic management & explain its features.
  • What do you mean by strategic management model & explain its main components.
  • Suggest the guidelines for effective strategic management.

Q.2      Answer the following. (any 2)                                                                                     (15)

  • Explain in detail the strategic management process.
  • Discuss the role of strategy.
  • Explain the process of strategic choice.

Q.3      Answer the following. (any 2)                                                                                     (15)

  • Explain the issue in production policies & plans.
  • Explain the difference between strategy formation & strategy implementation.
  • Explain the features of strategy implementation.

Q.4      Answer the following. (any 2)                                                                                     (15)

  • Explain the features of strategy evaluation.
  • Explain the benefits of strategy evaluation & control.
  • Explain the participants in strategy evaluation & control.
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