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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 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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