Spring 2014
Business Policy and Strategy



What do understand by internal analysis? 
Discuss any two of the techniques in short.
Discuss the different phases of Strategy, and show the conceptual model of Strategy in a diagram.
Discuss the environmental aspects of strategy making? 
Critically discuss the factors that Michael E. Porter would consider while assessing a company’s strength and weaknesses?  
Explain in short the life cycle of business. 
Discuss the historical background of strategic management. 
Describe the process of Strategy making.
What are the different responsibilities the managers would consider while making objectives? What is strategic hierarchy?
How would you make perfect objectives? Write in brief the two approaches of objectives making.
How would you make policies? What are its different forms? 
How would set objectives of a firm? 
Why do you need contingency plan, and how would you do the Contingency planning? 
How would you measure a strategy is good or bad?
Discuss Business-mix?  
Narrate in short the formulation process of strategy.