Reference no: EM133090257

1. Describe and briefly Discuss a Comprehensive Strategic Analytical Framework and the 9 matrices included in various stages of the model and its role in Strategy Formulation.

2. Describe the Balanced Scorecard methodology and explain the expected benefit to firms from its usage. Discuss its placement within the Comprehensive Strategic Management Framework and how it may contribute to achieving better organizational performance.

3. Describe the Comprehensive Strategic Management Model that outlines the Strategic Management Process and briefly discuss the relationships between the parts of the Model. And how its use may lead to improved firm performance.

4. Describe the SWOT Matrix and its components and Explain how it is used as a Matching Tool that helps managers develop four types of Strategies. Discuss these strategies and the situations to which they are applied.

5. Discuss the importance of Organizational Structure in relation to the Implementation of new Strategies and setting objectives at the Corporate, Divisional and Functional levels. Comment on the challenges that may be faced by a firm in implementing a new structure vs. retaining the old structure

6. Discuss the Strategy Evaluation/Monitoring process, Explain the activities that firms may engage in when conducting such an evaluation and the importance for successful execution of Strategy.

7. Discuss the value of establishing Short and Long-Term Objectives and explain how these may be established Hierarchically in an Organization to improve Strategy Implementation, providing an example of a firm with three Divisions and a number of Functional Areas.

8. Explain how Product Positioning/Perceptual Maps can be used by firms to improve competitive responses and more effectively target customer groups using Market Segmentation. Provide an example of how such a perceptual map may be used by a firm in an industry of your choice.

9. Explain the importance of Vision and Mission Statements in Strategy formulation and the key elements that should be included when crafting a Mission Statement. Explain the relationship of the Mission Statement to the achievement of Objectives.