(i) Define the term business policy.

(ii) State the primary activities of a value chain.

(iii) What do you mean by strategic control?

(iv) Name any two external environment appraisal tools

(v) Mention any two factors affecting organizational design.

(vi) What were the two dimensions used under BCG matrix?

(vii) What do you mean by turnaround strategy?

(viii) Define core competence

(ix) Distinguish between joint venture and strategic alliance.

(x) What is SWOT Analysis?

Q. 2. Discuss various steps involved in the process of strategic management.

Q. 3. Explain various types of mergers along with examples.

Q. 4. Describe the procedure of preparing vision and mission statement of an organization.

Q. 5. Discuss the types of generic strategies given by Michael Porter.

Q. 6. Explain the importance of strategic management in managing today's organizations.