Some of the frequently asked exam questions on corporate philosophy and objectives of a company are as follows: Q.1. Who formulates an enterprise’s objectives? Ans. All organisations have objectives, at least at one point in time. Enterprise objectives are the goals the enterprise seeks to accomplish through its operations. Once a manager realises the importance of achieving some results, he [...]
Some frequently asked exam questions on strategy identification are as follows: Q.1. Identify the most important pitfalls that ought to be avoided in starting and doing strategic planning. Ans. The issues in a corporate strategic planning involve judgments, values, passions, and perceived consequences. So, irrationality cannot be avoided. Major pitfalls that should be avoided in starting and doing the strategic [...]
Some of the frequently asked exam questions on business and corporate strategies are as follows: Q.1. Give an outline of practical way to develop a master strategy of a firm. Ans. A practical way to develop a master strategy is to: 1. Identify particular roles or 'niches' that are appropriate to a firm in view of competition and the firm's [...]