MGT603 - Strategic Management Final term

by **kamran** Tue Feb 15, 2011 4:08 pm

Assalam-o-Alaikum!!!

Dear fellows!

Today was my MGT603 paper held at 10:30 am. There were 56 MCQs out of 64 questions. Short questions were 4 in numbers carrying 3 marks for each. Similarly, descriptive questions were 4 carrying five marks for each. The questions were as follows:
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Question no. 57 (Marks 3)
In which circumstances, cost- leader producers will bring effectiveness in industry?
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Question no. 58 (Marks 3)
Define concentric diversification. In what conditions you would suggest an organization to pursue this strategy?
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Question no. 59 (Marks 3)
What is Marketing mix? Name the factor components of marketing mix.
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Question no. 60 (Marks 3)
What is corporate-level objectives? Write two statements exemplifying these objectives.
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Question no. 61 (Marks 5)
Write some potential problems associated with using quantitative criteria for evaluating strategies.
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Question no. 62 (Marks 5)
Identify any five questions arises while developing a revised EFE matrix for, Reviewing the underlying bases of an organization's strategy.
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Question no. 64 (Marks 5)
Write some of the advantages of diversified workforce within an organization.
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Question no. 63 mujhay jaisay he remind hota hay, i will send to you people.

by **kamran** Tue Feb 15, 2011 4:08 pm

1. QSPM requires intuitive judgments and educated assumptions. Discuss.?(5 marks)
2. strategy-evaluation system related question but new ( not from past papers) (5 marks)
3. importance of Market position for organization (5 marks)
4. Suggest that what can be the best way to overcome individuals' resistance to change while taking corrective actions. (3 marks)
5. Discuss any three guidelines that can be used to determine whether a firm should conduct R&D internally or externally (3 marks)
6. customer orientation and declaration of attitude.Discuss it by keeping in mind mission statement. (5 marks)
7. In IFE matrix if certain factor r assigned to following rating, how would u interpret these rating (3 marks)
Weight =3.2
Ratio = 2.1
Weighted
Score = 4 (mje ye last question smj nhe aya. ksi ko idea ho tu btana)
6 and 7 both question are from mid term portion

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by **winnersgroup** Tue Feb 15, 2011 4:10 pm

thanks to all friends

by **winnersgroup** Tue Feb 15, 2011 4:10 pm

Total Question = 64
MCQ's =56
Short Questions =8

MCQ's were conceptual, difficult and time consuming
A very few MCQ's were from past papers
So read book carefully to attain good marks

Although short question were easy

Q.1
How would you interpret each of following rating
In IFE matrix one of critical success factor is rating 4
If Financial ratio is 3 in IFE matrix
In IFE matrix the total weightage is 2.85 (3 marks)

Q 2
Describe the strategic position of a firm falling in quadrant 4 in Grand Strategy Matrix ( 3 marks)

Q 3
Suggest that what would be the best way to overcome the individuals resistance to change while taking corrective actions ( 3 marks)

Q 4
What can be the consideration of a firm while taking decision regarding the place as a component of marketing mix (3 marks)

Q 5
In IFE matrix total weightage score is
A = 2.50
B = 1.50
C = 3.24
For above given data how would you interpret the total weighted score of each firm and compare firm B with firm A and firm C (5 marks)
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Q 6
Compare and contras Restructuring & Re engineering (5 marks)
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Q7
Differentiate the Bargaining power of supplier & Bargaining power of customers in Porter's Five factors model (5 marks)
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Q 8
What is dual bonus system.Elaborate with the help of examples (5marks)
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by **kamran** Tue Feb 15, 2011 4:11 pm

There were 56 MCQs out of 64 questions. The descriptive questions were as follows:

Question no. 57 (Marks 3)
What are opportunities and threats? explain briefly with the help of two examples of each
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Question no. 58 (Marks 3)

what are the best strategy The firm falling in Quadrant IV of Grand Strategy Matrix?

Question no. 59 (Marks 3)
What is the stock ownership of employees ?

Question no. 60

(Marks 3)
Define contingency plans?

Question no. 61

(Marks 5)
what is the role of financial ratios in internal audit?
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Question no. 62

(Marks 5)
What is the SMART criteria in annual objectives?
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Question no. 64

(Marks 5)

Discuss the activities that can help an organization to reduce cost.
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by **kamran** Tue Feb 15, 2011 4:11 pm

my mgt603 paper today
3 quz 3 marks
4 quz 5 marks

Discuss similarities and dissimilarities of restructuring and reengineering.(5 marks)

Restructuring—also called downsizing, rightsizing, or delayering—involves reducing the size of the firm in terms of number of employees, number of divisions or units, and number of hierarchical levels in the firm's organizational structure. This reduction in size is intended to improve both efficiency and effectiveness. Restructuring is concerned primarily with shareholder well-being rather than employee well-being.

In contrast, reengineering is concerned more with employee and customer well-being than shareholder well-being. Reengineering—also called process management, process innovation, or process redesign— involves reconfiguring or redesigning work, jobs, and processes for the purpose of improving cost, quality, service, and speed. Reengineering does not usually affect the organizational structure or chart, nor does it imply job loss or employee layoffs. Whereas restructuring is concerned with eliminating or establishing, shrinking or enlarging, and moving organizational departments and divisions, the focus of reengineering is changing the way work is actually carried out.

Define corporate level objectives. Provide at least two statements exemplifying such objectives.(3)

Auditors who perform audit can be divided into three groups? Identify and define each of them.(3)

A frequently used tool in strategy evaluation is the audit. Discuss auditing according American Accounting Association (AAA) 5

A frequently used tool in strategy evaluation is the audit. Auditing is defined by the American Accounting Association (AAA) as "a systematic process of objectively obtaining and evaluating evidence regarding assertions about economic actions and events to ascertain the degree of correspondence between those assertions and established criteria, and communicating the results to interested users." People who perform audits can be divided into three groups: independent auditors, government auditors, and internal auditors.

-Explain the nature and role of employee stock ownership plans (ESOP s) in strategic management.(3)
An employee stock ownership plan (ESOP), are corporations owned in whole or in part by their employees. Employees are usually given a share of the corporation after a certain length of employment or they can buy shares at any time. A corporation owned entirely by its employees (a worker cooperative) will not, therefore, have its shares sold on public stock markets. Employee-owned corporations often adopt profit sharing where the profits of the corporation are shared with the employees. These types of corporations also often have boards of directors elected directly by the employees.
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by waqas Thu Feb 17, 2011 11:18 am

If mission statement states that “we must always be response and effective to changing needs of our industry” which component of mission statement is it representing and why? 3 marks

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Suggest that what can be the best way to overcome individual resistance to change while taking corrective actions. 3 marks
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Describe any three consideration EPS/EBIT analysis. 3 marks
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Compute average collection period and compare. 5 marks

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FIRM ANNUAL CREDIT ANNUAL RECIEVABLE

SALES Rs. million Rs.million

A 5 5

B 7 3.5

Give some example of marketing decisions that may require policies. 5 marks

“he goal of value chain activities is to offer the customers a level of value that exceed the cost of activities which result in profit margin” you are required to discuss some of primary value chain activities. 5 marks
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Parties to conflict can conceptualize response according to two dimential scheme “what are hypothesis of this scheme.5 marks