strategic management question bank answers

Question 8. Prepare mission and vision for a new generation bank proposing to start business in India. Direct to end users signifies that the services and the products will be available directly, on demand to the end 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 best natural case is associated with the strategic marketing and depends on the customer’s prospects and what the company is delivering to them. 17) What type of corporate social responsibility initiative has been undertaken by financial sector? Low price sends wrong message to the customers about the product. The end user has the option now to re-sell the product again. How to change your college after FY/SYBMS? The selling of the product can be done by selling it directly to the company that comes in geographical network of the dealer. the management’s view of what the organization seek to do and to become over the long-term is the organization’s strategic management. 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. 17) What type of corporate social responsibility initiative has been undertaken by financial sector? TYBMS Sem 6 Results 2019 Update from BMS khabri! - Allow the user to have various options to create his customization like providing e-commerce website to fulfill the rising demand of the customers. - Consultant: allows the relationship to develop with companies and they provide the services that are advanced. Give examples 14) What is strategic formulation? <> 1 0 obj Question 25. 37) What are the various tools that can be used for controlling strategy? What Does Strategy Formulation Involve? Do you have employment gaps in your resume? How GE Planning grid can be used for the insurance industry and what would be the growth strategies you would suggest, 30) Define strategic management. 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. 4) Mc Kinsey 7-S framework International Finance 17th April 2015 Solved Answer Paper. They can influence the customer to buy the product. This consists of three types of values and these are as follows: - OPERATIONAL EXCELLENCE: this focuses mainly on the product and its price. Question 35. Illustrate and explain with suitable examples The brand interacts with the customer’s everyday and it will be including the following components:- Images that is conveyed using the brand- The messages that is used to sell your product using the brand- Representing of the employees interacting with the customers. Customers are attracted to the products that have high customization options and provide solutions to their problems. Strategy includes a plan for deploying resources to … Users will have many partners to choose from to buy at the lowest possible price. What Are The Steps Required To Have A Good Distribution Program? Describe The “4 Ps” In Marketing Related To Pricing? What Is The Purpose Of Building A Channel? 26) Briefly explain the impact of economic environment on business. Explain with example. Strategy is a blueprint of all the important entrepreneurial, competitive and functional area actions that are to be taken in pursuing organizational objectives and positioning the organization for sustained success and reveals how the targeted results will be accomplished. Question 32. This way more end users can be reached to share the information regarding the services and their needs online. “Joint Ventures are emerging as the best tool for reaching new markets”. endobj %PDF-1.5 - Determine the weak areas of the business done by the competitors and find the opportunity to meet the requirements before other competitors. 28) Would you recommend a divisional structure for a medium sized bank? - LOWEST PRICE: this is being done when the market of the product is very down and customers are very less for the business. 2 For Practice, Strategic Management Practice Question Paper 1, FYBMS 2019 Business Environment Question Bank FYBMS 2019, 12 Awesome Hilarious Game of Thrones Funny Memes, Trolls for WhatsApp, Facebook, Marketing Management of Kodak Case Study For Practice. What Are Ways In Which Revenues And Profits Can Be Maximized? 27) Illustrate and explain the life cycle concept. How Can Freshers Keep Their Job Search Going? What Is The Relationship In Direct To End Users? What Is Formulating A Strategy Reveal? • managers do not necessarily go through the sequence in rigorous lock-step fashion.• the tasks involved in strategic management are never isolated from everything else that falls a manager’s purview,• the demands that strategy management puts on the manager’s time are irregular,• formulating and implementing strategy must be regarded as something that is ongoing and that evolves. Do you have the professional skill and managerial knowledge to guide an organization towards its goals? x��Z�n�H}��Gia3ݼ(H��d���n�C�m��8�e�����o�*6/�(��b0����:ui�7���o�\_}���b�>|�R��~��Q&�X}_�~e����{��zI��߾~���|y������hV���d֔w��`��3���/C��S�}7zV�oM5g�)��l]昣�-��5���ekujE�����������?^��D��Y�^�F^���1S{s�|��1�G�%���P�IB�#+It�W��nf�zQ�|zMRe/UU�~����Ɯ�&2X�����@>�u��f�,i�Q�tVb�T�;��h�P ��b�D��v��%��L�� � ��feVn)��5Ȕ�d�C���Q. Briefly explain. What Are The Different Types Of Values Used In Value Proposition Of Marketing Strategy? Question 9. Story. The distribution strategy is the main part of the marketing where the product needs to be delivered to the customers and the right services need to be provided for the growth of customer’s market. 31) “Business must be run in a socially responsible manner.” Comment on the statement in the Indian context. - Wholesaler/distributor: Company buying the products in bulk and reselling them to the retailers at smaller volumes. The product needs to be consistent with the value and the services need to be exceptionally well. It brings the competitive edge as well as value proposition in the market and allows the company to grow more.

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