(A Division of Achievers Academy)SUB: - SMDATE: - 27/03/15TIME: - 2 HRSMARKS: 75Q.1. a) Define strategy. Enlist its features.(7)b) Explain the different levels at which strategies are formulated by business organizations? (8)ORc) Discuss the barriers to effective execution of strategies.(7)d) Explain the advantages and limitations of strategic management.(8)Q.2. a) Explain how political environment affects business.(7)b) Explain in detail the components of the economic environment of business.(8)ORc) Write a detailed note on Triple Bottom Line.(7)d) What are the advantages and threats imposed by the advancement of technological environment to the business?(8)Q.3. a) Explain the role of the GE planning grid in assessing the strength of the strategic business unit.(7)b) Explain the advantages and limitations of BCG Matrix.(8)ORc) Write short notes on:(15)1. Organization structure2. Types of integration3. Types of diversificationQ.4.a) Explain the concept of budgetary control.(7)b) List out the advantages and limitations of the performance gap analysis.(8)ORc) Explain the multifaceted role played by a business leader.(7)d) What are the advantages and threats involved in the strategic benchmarking process?(8)Q.5.a) Write short notes on any three: (15)1. Resource mobilization. 2. Advantages of budgeting 3. Functional organization structure4. SWOT Analysis5. BCG MatrixORb) Explain the social responsibility of business towards various stakeholders.(7)c) Explain, in detail, the McKinsey 7-S framework with examples.(8)

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