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 [...]
The following points highlight the seven major growth strategies that are listed below which are relevant in the early stage of potential- development. 1. Hold relative position in high-growth products/markets: The growth associated with this strategy is directly attributable to the growth in demand for the product/service being produced by the firm. The funds necessary to support the growth typically [...]
The following fourteen key elements that vitally affect the master strategy of a firm need redefinition and/or redesign:- 1. New Markets or Services 2. Predicting Future Demand 3. Supply Related to Demand 4. Climate of Industry 5. Crucial Factors 6. Position in Market 7. Service Abilities 8. Finance and Management 9. Combination of Services 10. Adding to Capabilities 11. Vertical [...]