Question 6. The brand generates the revenue for the company and makes the company stand in the market alone. The price is such that it is neither high nor low but it matches exactly the value of the product. 13) Briefly explain the grand strategies adopted by Airtel in a highly competitive telecom sector What Is The Purpose Of Building A Channel? Give example. Question 28. The strategies required by the businesses to attract more customers are as follows: - Developing of the brand strategy with some benefits that needs to be provided with the product- Listing all the features and benefits for the products and the services that are associated with it.- Convincing customers for the product by providing them features and a comparison between all the other businesses similar to yours.- Showing them the benefits that will attract a larger party.- Identifying their needs and making emotional attachments with them to sell your products to them. How GE Planning grid can be used for the insurance industry and what would be the growth strategies you would suggest, 30) Define strategic management. • managers do not necessarily go through the sequence in rigorous lock-step fashion.• the tasks involved in strategic management are never isolated from everything else that falls a manager’s purview,• the demands that strategy management puts on the manager’s time are irregular,• formulating and implementing strategy must be regarded as something that is ongoing and that evolves. The dealer bundles the product with the service that is being offered with it and sell it to the end user. Which Are The Steps Of Strategic Management? 21) Illustrate with the help of a diagram how strategy is evaluated and controlled in an organization. If you want to join us, please mail to 10) Explain the importance of leadership and motivation in an organization (ie strategic implementation) A Strategic Management job gives you great opportunity to work as an analyst, where you can work in the corporate planning department of a reputed organization. Question 11. This pricing is having many short and long term factors. 15) State the importance of strategic planning for a business firm 17) What type of corporate social responsibility initiative has been undertaken by financial sector? This is the way you can ask the customers to trust you and pay you for the services which you are providing to them. %���� 28) Would you recommend a divisional structure for a medium sized bank? 34) What is the need and importance of innovation and creativity in business? Mumbai University Results Held In Reserve – Meaning and Procedure. 2. Ans. 8) Explain the need of strategy control. What Are The Different Types Of Values Used In Value Proposition Of Marketing Strategy? 14) What is strategic formulation? The best natural case is associated with the strategic marketing and depends on the customer’s prospects and what the company is delivering to them. All rights reserved © 2020 Wisdom IT Services India Pvt. 13) SWOT Analysis 15 signs your job interview is going horribly, Time to Expand NBFCs: Rise in Demand for Talent. Explain the importance of these components in an organization. If the customers are reached through wholesalers, other channel partners then the product can be marketed to more people, this way more revenue can be generated and the program can be marketed to more customers. What Are The Steps Required To Have A Good Distribution Program? It brings the competitive edge as well as value proposition in the market and allows the company to grow more. Definition of Strategy – Strategy is a fundamental pattern of present and planned objectives, resource deployment and 36) Describe the various steps involved in the strategic management process. 4) Mc Kinsey 7-S framework 6 things to remember for Eid celebrations, 3 Golden rules to optimize your job search, Online hiring saw 14% rise in November: Report, Hiring Activities Saw Growth in March: Report, Attrition rate dips in corporate India: Survey, 2016 Most Productive year for Staffing: Study, The impact of Demonetization across sectors, Most important skills required to get hired, How startups are innovating with interview formats. The company fails to maintain operational efficiency and cost. Question 23. - Define the value proposition for the business. What are avoidable questions in an Interview? endobj 10) Explain the importance of leadership and motivation in an organization (ie strategic implementation), 11) Illustrate and explain various levels of strategic management in an organization. Strategic management is the process where managers establish an organization’s long-term direction, set the specific performance objectives, develop strategies to achieve these objectives and undertake to execute the chosen action plans. Low price sends wrong message to the customers about the product. x��Z�n�H}��Gia3ݼ(H��d���n�C�m��8�e�����o�*6/�(��b0����:ui�7���o�\_}���b�>|�R��~��Q&�X}_�~e����{��zI��߾~���|y������hV���d֔w��`��3���/C��S�}7zV�oM5g�)��l]昣�-��5���ekujE�����������?^��D��Y�^�F^���1S{s�|��1�G�%���P�IB�#+It�W��nf�zQ�|zMRe/UU�~����Ɯ�&2X�����@>�u��f�,i�Q�tVb�T�;��h�P ��b�D��v��%��L�� � ��feVn)��5Ȕ�d�C���Q. Give suitable examples. Give suitable examples Explain with example. Question 5. Strategic marketing involves the development of the prospects and communication with the customers to sell and manage the services provided to the customers. 9) Distinguish b/w mission, vision and objectives. Question 33. Question 30. The campaigns can be put up on different websites or on those websites that like to promote by taking some profit in it.

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