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Q1. In your opinion, what is the single major benefit of using a strategic-management approach to decision making? Justify your answer. Q2. Give two examples of staffing strengths and two example of

Question Preview:

Q1. In your opinion, what is the single major benefit of using a strategic-management approach to
decision making? Justify your answer.

Q2. Give two examples of staffing strengths and two example of staffing weakness of any
organisation with which you are familiar.

Q3: Explain why a mission statement should not include monetary amounts, numbers,
percentages, ratios, goals or objectives.

Q4. In an BCG matrix, would the question mark quadrant or cash cow quadrant be more
desirable? Explain. list four limitations of BCG matrix.

<...

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Question Preview:

Q1. In your opinion, what is the single major benefit of using a strategic-management approach to
decision making? Justify your answer.

Q2. Give two examples of staffing strengths and two example of staffing weakness of any
organisation with which you are familiar.

Q3: Explain why a mission statement should not include monetary amounts, numbers,
percentages, ratios, goals or objectives.

Q4. In an BCG matrix, would the question mark quadrant or cash cow quadrant be more
desirable? Explain. list four limitations of BCG matrix.

Q5: If you owned a small business, would you develop a code of business conduct? If yes, what
variable would you include?

Identify the vision and mission statement for any organisation of your choice and analyse if all
the 9 components of mission statements are fulfilled.

Conduct and evaluate the SWOT analysis for your chosen organisation.

Identify Short term, Medium term and long-term objective of the chosen company.

Highlight the strategies to be implemented to accomplish the above-mentioned objectives.

Underline the potential challenges you may face while implementing your suggested strategies.

 

 

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EXECUTIVE SUMMARY
This report has been developed in order to present the various important aspects of
Strategic management and how a good strategic management approach can benefit
an organisation. This report covers single major benefit of strategic management
approach, importance of staffing, the importance of mission and vision of an
organisation, BCG matrix. For understanding the different layers of strategic
management, the report presents its research on SABIC, the largest public company
of Saudi Arabia. Like mission and vision,

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