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QUESTION 1
Strategic Management is currently the core of business policy discipline everywhere
(a) Define Strategic Management
(b) Write short notes on the four important elements of Strategic Management
QUESTION 2
Nowadays no business enterprise can thrive on the profit motive alone for long and if it has to succeed, business must be conscious and alive to its social responsibility as well. What are the factors that have contributed to the growing concern of business for the welfare of society? Write short notes of each one of them
what are the theories that can be applied at different levels of a business? i.e. Firm Level, Industry level and global level
Q. Show the dimensions of culture ? Dimensions of culture can help management determine Leadership style e.g. if 'high power distance' then autocratic management exp
Q. Describe about Interest cover? Interest cover = (Profit before interest and tax (PBIT)/ Interest payable) (no. of times) Interest cover shows the safety of e
Q. Financial perspective for not-for-profit organisations? The primary objective is profit for most organisations, but for an NPO they are non-profit making. Value for money (V
Q. Describe Hopwood’s Social controls? Group norms, staff culture and social interaction can control what is acceptable and unacceptable behaviour, it also can determine accept
Most executives are related with business planning. A business plan is typically written every year and includes things like a marketing plan, cash flow projections, a mission stat
Q. Calculate the Earnings per share? EPS = Profit available to ordinary shareholders (PAT)/Weighted average number of shares in issue (Pence per share) This ratio shows t
Q. What do you mean by Dual pricing? Dual transfer pricing means setting one transfer price for the internal seller and another transfer price for the internal buyer. The basi
Instant competition blinds a company to latent competitors who can demolish the old ways of doing business.
Q. Show the Merits of residual income? Merits of residual income (RI) - Consistent or goal congruence with profit maximisation e.g. an enforced measure of profitability.
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