IIBM Institute of Business Management Examination Paper MM.100 Strategic Management Section A: Objective Type (30 marks) This section consists of multiple choice questions & Short notes type questions. Answer all the questions. Part one questions carry 1 mark each & Part two questions carry 5 marks each. Part One: Multiple choices: 1. A plan of action designed to achieve a particular goal is: a. Tactic b. Strategy c. Financial benefits d. None of the above 2. It
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to have taught the American Military and Government officials a lot about cooperative working and strategic planning. Each American involved most likely has a different story to tell about the War from the ground soldiers all the way up to President Johnson. However‚ each participated in a mission driven cooperative work environment with many different thinking styles. These styles included strategic thinkers‚ tactical planners‚ and logisticians to name a few. Each thinking style plays a critical
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Strategic and Operational Plans of General Motors Bethany Herman MGT/521 October 27‚ 2014 Stephanie Edens Strategic and Operational Plans of General Motors General Motors is a Fortune 500 company that relies upon strategic and operational plans to ensure that the company is consistently growing and evolving. By using strategic and operational plans on a daily basis‚ General Motors can see these plans working to achieve a goal within the company. The company is also able to see what effect these plans
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Strategic Intent – Article Summary By Gary Hamel and C.K. Prahalad Primary Information This article serves a purpose to illustrate some of the flaws that are currently used by western organizations in regards to strategic planning. In this article we see are shown the detriment of the methods in practice at the time of the article‚ and examples of alternative strategic approaches in use by Japanese firms which have allowed them to have sustained success. Strategic Intent and Characteristics
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What is Plan A? Plan A is our five-year‚ 100-point plan to tackle some of the biggest challenges facing our business and our world. It will see us working with our customers and our suppliers to combat climate change‚ reduce waste‚ safeguard natural resources‚ trade ethically and build a healthier nation. We’re doing this because it’s what you want us to do. It’s also the right thing to do. We’re calling it Plan A because we believe it’s now the only way to do business. There is no Plan B. Croma
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What is a Strategic Planning? It is a well written mission statement for any organization which drives its business towards its goals - be it profits‚ standards‚ market value‚ customer satisfaction? Can the plan be flexible or adaptable as many of you have discussed here? I believe that every organization need to follow the strategic intent in today’s ever changing world. There are some factors that can be predictable but many factors are not. An organization‚ in order to succeed need to have
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Course Schedule Class Themes Readings/Assignments 1 Introduction to Strategy Objective: Assess how firms create value and how they go about building and sustaining competitive advantage in different markets. Competencies: Quantitative Literacy Critical Thinking Week 1 October 3 – October 9‚ 2012 Required Reading • Collis‚ D.J.‚ & Montgomery‚ C.A. (1995‚ July/August). Competing on resources: Strategy in the 1990s. Harvard Business Review‚ 73 (4). (Custom Textbook (2012)‚ Managing Strategy
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EXECUTIVE SUMMARY The essay provides a brief introduction to rapid‚ volatile and discontinuous change. It will elaborate that how these changes influence the organizational strategic management process and also incorporates some dissension related to it‚ which includes strategic analysis‚ strategic implementation and strategic evaluation. The top-managers in company should inspect the external environment to know their opportunities and threats. Any change that occurs in external environment will
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Unit IV – Research Paper Strategic behavior entails ascertaining what firms are likely to do in a specific situation‚ and then following tactics that maximize the firms’ gain or minimize any harm to the firms. In oligopolies‚ strategic behavior is the rule. When making the decisions‚ the firms must to predict how their competitors would respond. Even when the decision is not related to price‚ strategic behavior still comes to play. In this research paper‚ real cases in Vietnam would be analyzed
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What is strategic management? The set of managerial decisions and actions that determines the long-run performance of an organisation. Strategic management Robbins‚ Bergman‚ Stagg‚ Coulter: Management 4e © 2006 Pearson Education Australia 4 Robbins‚ Bergman‚ Stagg‚ Coulter: Management 4e © 2006 Pearson Education Australia 5 Why strategic management is important 1. 2. The strategic management process It results in higher organisational performance. It requires that managers
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