Strategic Management (SM) — Summer 2021

Define the terms: 1) Distinctive competence 2) Diversification 3) Vision 4) Merger

Strategic Group Mapping

Multiple choice questions 1) Bargaining power of customer is high if…

Differentiation is low b) Switching cost is low

Buyer has little information d) No substitute are available 2) The word tactics is most likely associated with

Business Strategy b) Corporate Strategy

Operational Strategy d) All of the above 3) Buying another company by one company means

Joint Venture b) Acquisition

Merger d) Alliance 4) _______ is collection of managerial decisions and actions that determine the long run performance of the organization.

Planning b) Goal oriented management

Strategic Management d) Leadership 5) The competencies or skills that a firm employs to transform inputs into outputs are

Tangible Resources b) Intangible Resources

Organizational Capabilities d) None of the above 6) An independent group of suppliers, such as farmers, gather to form a cooperative in order to sell their products to buyers directly, replacing their previous distributor. This is an example of

Forward Integration b) Backward Integration

Threat of Substitutes d) Threat of entry

Explain Value Chain Analysis in detail. Page 1 of

Explain strategic alliance and joint venture in detail. When it is advisable to form strategic alliance and joint venture.

Explain I/Obased model for strategic management.

When can a firm use differentiation strategy? Explain advantages of differentiation strategy for a firm of your choice in detail.

Enlist environmental forces (PEST) that can affect business. How technology as a force can affect the business environment.

Draw Porter’s five force model and explain each force in detail.

Acompany manufacturing readymade garments wants to expand internationally. How can firms enter into international market?

What does it mean to say that strategy and structure have a reciprocal relationship?

What is Organizational Culture? How do Strategic Leaders help to develop and sustain an effective organizational culture?

Explain Balance scorecard approach with suitable examples in detail.

What is ethics and social responsibility? Suppose you own a firm, how can your firm benefited by following ethics and social responsibility?

Tesla Motors (Tesla), an American automotive company, was ranked #1 on Forbes’ fifth annual list of the world’s most innovative companies 2015. Tesla, whose prime focus was on energy innovation, was a technology and design company which had forayed into the automotive manufacturing business. It took on the traditional automotive industry with its innovations, competing to develop the best world class technology in electrical vehicles (EVs). It disrupted the global automotive industry as a distinct player by focusing on innovation, Research & Development (R&D), and the customer. Its innovations in design, the development process, product differentiation, and marketing strategy revolutionized the global automotive industry. The company offered 3 Electric cars in the market. 1 SUV, 1 Sedan car and 1 Economy car for everyone. Performance & speed of the cars is excellent due to instant power by batteries. The car does not have any engine and runs on motors powered by batteries. The prices of the cars are relatively higher because of the prices of the batteries used in the vehicle is still on a higher side. Being battery powered car, its range is also limited. It takes time to charge the battery compare to tradition fill and go ways of petrol and diesel cars. To cope up with these limitations, company offers charging stations in USA and free maintenance up to 3 years. Maintenance of the car is very low. It is the first automatic driving car which identifies what is happening around it and car drive itself & can prevent accidents also. The company plans to enter in heavy commercial market also by offering EVs.

Do SWOT analysis for Tesla Motors. Page 2 of

What should be company’s strategy to compete with competitors?

Fast Bonding Ltd. Is a medium sized company followed the policy of growth through acquisitions. Five years ago the company acquired Smart Adhesives Pvt. Ltd., which was the main competitor. At the time of acquisition Smart Adhesives Pvt. Ltd. Was in bad financial condition with huge accumulated losses. Therefore, the board of Fast Bonding Ltd. Felt that it was a good buy, and was confident of turning it around. The general manager of Fast Bonding Ltd. accepted the challenging task of turning over the fortunes of Smart Adhesives Pvt. Ltd. He made comprehensive plan and tried to implement certain measures to improve the productivity but met with a little success. In fact, last year, the workers almost go on strikes against the management.