Illustrate and explain with suitable examples. Explain the importance of strategic management for an organization What Are Ways In Which Revenues And Profits Can Be Maximized? 5) Generic strategies Explain with examples. Prepare mission and vision for a new generation bank proposing to start business in India. 14) What is strategic formulation? 27) Illustrate and explain the life cycle concept. This represents the valuable time that customer put to have something on your store. 12) Diversification 24) What are the advantages of Indian Business especially with reference to Indian economy and finance markets? Question 14. 21) Illustrate with the help of a diagram how strategy is evaluated and controlled in an organization Why Is Branding Crucial For The Company? Question 28. Strategy includes a plan for deploying resources to … The comparison of the prices is being done that the end user has to pay. It shows the communication with the customers when the company doesn’t have anything to show and provide them. 15) Economic environment, 1) Define strategic management. Page 6 of 8 PD2 Exam Exemplar Questions Mar2013 Q3 Learning outcome: 3.0 (a) Analyse what is meant by the term ‘strategic drift.’ (9 marks) (b) Appraise how effective change management can address strategic … The worst case scenario explains the brand strategy that you follow. Explain its utility as a tool of. 2) Product life cycle matrix Anna University BA7302 Strategic Management Syllabus Notes 2 marks with answer is provided below. The strategic management process is a. a set of activities that will assure a temporary advantage and average returns for the firm. The sell can be direct if the buying process will be known and the customer’s needs are known in the field of wholesale/retail structure. Tybms sem 6 results 2019 declared on 19th June 2019. Explain the importance of these components in an organization. 19) Explain the role of leadership in strategic management We are here to provide and update you with every details required by you BMSites! The steps involved are as follows: - Develop the strategy to market the product to various customers- Creation of tools and processes to implement the product - Generating of the messages and managing the customers according to their involvement with the customers- Using tools to develop the strategy into implementation- Recruiting people for the development phase and for marketing of the product after it is built.- Selecting the correct vendor to whom the product needs to be sold. BMS Students Network for FYBMS, SYBMS, TYBMS and beyond BMS, 1)Levels of strategic management 23) Illustrate various levels of strategic management in an organization. Allow users to sell directly their product by having an easy option for customization.- Building a plan to have a specialized team to look after the requirement of the customers and close the deals according to the communication with the deals directly. What Is The Relationship In Direct To End Users? 22) Distinguish between mission, vision and goal. Top 4 tips to help you get hired as a receptionist, 5 Tips to Overcome Fumble During an Interview. Top 10 facts why you need a cover letter? There are three different ways in which the revenues and the profits can be maximized by changing the price strategy which the companies are having. BA 9210 STRATEGIC MANAGEMENT Questions Bank 2014 1. Business units have a choice of three generic strategies. Customers are attracted to the products that have high customization options and provide solutions to their problems. This includes the types as introductory, growth, mature, or declining stage.- Segmenting market to understand the overall difficulty levels of the market and thinking from the customer’s point of view. Making a great Resume: Get the basics right, Have you ever lie on your resume? Question 4. 21) Illustrate with the help of a diagram how strategy is evaluated and controlled in an organization. What Are The Steps Involved In Dealing With Market Competition? What Are The Different Types Of Values Used In Value Proposition Of Marketing Strategy? This consists of three types of values and these are as follows: - OPERATIONAL EXCELLENCE: this focuses mainly on the product and its price. The dealer that service the company is known as the value added product. Low price sends wrong message to the customers about the product. TYBMS Sem 6 Results 2019 Update from BMS khabri! Good distribution program focuses on the end user needs and to create such a program following steps need to be followed: - Find the services that are required by the user and can be utilized on a local dealer network- Find the reseller program that provide those services and can be used to customize the options by the user. Distribution Channels are the pathways that allow the companies to sell their products and services to the larger range of customers or to end-users. The following two tabs change content below. Question 10. Question 22. endobj How to Convert Your Internship into a Full Time Job? 16) What are the advantages of Indian business especially with reference to Indian economy and finance markets? endobj Every customer needs the product to be good and of high quality so that the production can be increased of that product in the market. %PDF-1.5 Describe The “4 Ps” In Marketing Related To Pricing? - Determine the weak areas of the business done by the competitors and find the opportunity to meet the requirements before other competitors. 37) What are the various tools that can be used for controlling strategy? 8) Explain the need of strategy control. 22) Distinguish between mission, vision and goal. It brings the competitive edge as well as value proposition in the market and allows the company to grow more. What Means Strategy Implementation And Execution? <> How Is Strategy Formulation Process Referred Sometimes? If the customers are reached through wholesalers, other channel partners then the product can be marketed to more people, this way more revenue can be generated and the program can be marketed to more customers. Which Are The Characteristics Of The Strategic Management Process? They can influence the customer to buy the product. Here you will also get the necessary information about the professional training required and the institutions who can help you to view specialize in a Strategic Management job.