Strategic Management involves setting goals, analyzing all our internal and external resources, analyzing our external environment and analyzing the stakeholder views. Strategic management also includes financial planning and human resource management. Strategic management is equally important for small scale and large scale businesses. Strategic management means clearly defining the goals for conducting the business operations successfully.
Here we present Strategic Management Practice Question Paper Set 7:
Q.1) What suggestions would you give to make strategic management more effective? – 15 marks
Q.2) Explain the nature, importance and types of corporate objectives. How are they formulated? – 15 marks
Q.3) What is SWOT Analysis? State its advantages. – 15 marks
Q.4) Define and briefly explain the following concepts – only 3 – 15 marks
1) Strategic choice
2) Strategic evaluation
3) Strategic formulation
4) Strategic implementation
5) Strategic analysis
6) Strategic control
Q.5) Write a brief note on any 2: – 15marks
a) Comprehensive analysis
b) Comparative analysis
c) Special purpose techniques
d) Effective Evaluation System
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