1. How do you differentiate between Strategy and Strategic Management? What

is your understanding of Policy? What are the characteristics of Strategic

decision? Write down some definitions of Strategic Management?

2. What is Vision and Mission? Enumerate its elements. Write down your

companys vision and mission statements and discuss whether these fit in

your definitions. What are goals and Objectives? What are the main features

of objectives? State factors affecting objectives. Distinguish between official

objectives and operative objectives.

3. What are the basic social obligations of a business organization? Do these

conflicts with the profit objective of the business? What is social audit?

Analyse the mission and objectives of your own organization. Evaluate and

write down to what extent does the organization follows social responsibility

and its objectives?

4. What is the concept of environment? Search the library and other sources of

information to predict the type of environment managers are likely to face ten

years hence. Analyse the environment scanning process in your own

organization and evaluate how it will face the environment which is fast

developing as per your analysis above?

5. Explain the role of SWOT analysis as a tool of facilitating strategic choice at

the business level. How is it similar / dissimilar to the grand strategy clusters?