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Questions:

1. How does 'mission' of an organisation differ from its 'vision'?
2. What is strategic business unit?
3. Strategic Management begins with 'Mission'. Elucidate.
4. Explain SWOT analysis.
5. What do you mean by strategic alliance?
6. Explain the concept of strategic choice.
7. What is core competence?
8. Explain the nature of interaction between strategy and structure.
9. Explain the barriers in strategic evaluation and control.
10. Why is evaluation of strategy necessary?
11. Define Strategic Management. Explain the nature and process of Strategic Management.
12. Discuss the various approaches to strategic decision making.
13. Why is environmental scanning and appraisal important? Discuss the challenges created by business environment.
14. What do you understand by strategic advantage profile? What are the major elements to be kept in view while preparing a strategic advantage profile?
15. Explain the nature and usefulness of the BCG model in strategic analysis. What are its limitations?
16. When and why is divestment strategy adopted by company executives? What are the circumstances in which a turnaround strategy is preferable?
17. Decision bearing on the allocation of resources have vital significance in the process of strategic implementation. Explain the statement and discuss the interrelationship between strategy formulation and strategy implementation.
18. What is meant by strategic evaluation and control? Explain the different techniques of strategic control.