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Strategic Management NMIMS Assignment Solution September 2022

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Strategic Management NMIMS Assignment Solution September 2022

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NMIMS Global Access
School for Continuing Education (NGA-SCE)
Course: Strategic Management
Internal Assignment Applicable for September 2022

Assignment Marks: 30

Instructions:
 All Questions carry equal marks.
 All Questions are compulsory
 All answers to be explained in not more than 1000 words for question 1 and 2 and for
question 3 in not more than 500 words for each subsection. Use relevant examples,
illustrations as far as possible.
 All answers to be written individually. Discussion and group work is not advisable.
 Students are free to refer to any books/reference material/website/internet for attempting
their assignments, but are not allowed to copy the matter as it is from the source of
reference.
 Students should write the assignment in their own words. Copying of assignments from
other students is not allowed.
 Students should follow the following parameter for answering the assignment questions.

1. A business enterprise takes major critical decisions like expansion, curtail down
production lines or continue the operations, diversify the activities or look into the current
industry only, mergers, acquisition or strategic alliances. Orientation towards growth is
among one of the influential factor deciding the long term performance of a corporation.
Discuss with reference to corporation’s directional strategy, the three other grand
strategies which needs to be designed and implemented for the overall success of
corporation’s directional strategy. Conclude, by reflecting on the importance of
directional strategy (10 Marks)
2. A business model is an outline of how a company plans to make money with its product
and customer base in a specific market. At its core, a business model explains four
things:
– What product or service a company will sell?
– How it intends to market that product or service.
– What kind of expenses it will face?
– How it expects to turn a profit.
Business models are constantly changing — there is no one-size-fits-all model that can
be applied to every business.(source: https://bit.ly/3remL7l)
Discuss the term business model and mention with the key features of possible business
models that are observed in companies like IBM, HP, Amazon.com, KIA Motors, Walt
Disney, LinkedIn. (Student can specify any four possible business models,) (10 Marks)
3. Businesses has social responsibilities they should try to help ameliorate societal ills—by
providing employment to the long-term unemployed, for instance, or fighting
discrimination or avoiding pollution—in addition to generating profits for their
shareholders.
Maximization of profits is like maximizing food, contended by Byron.
However, Friedman’s propounded all together differently about the responsibilities of
strategic decision makers. “Businessmen who talk this way are unwitting puppets of the
intellectual forces that have been undermining the basis of a free society these past
decades”. (Source-https://bit.ly/3Hha0OU)
In the light of the above two statements, discuss according to you what are the
responsibilities of business strategic decision maker
a. Responsibilities of business according to Carroll. (5 Marks)
b. Friedman’s traditional view. (5 Marks)
Conclude highlighting of the two above mentioned, which one is prevalent now in the
current scenario

 

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Last submission date is 29th August 2022

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