Balanced Scorecard

1. Explain the term “Strategy” and describe the benefits of strategic management
2. Briefly explain the Key Attributes of Strategic Management and their impact on organizations
3. A Vision is “An inspiring, long-term “dream” about what the organization will achieve in the future” do you agree? Explain the main purpose of having a vision statement and its advantages to an organization
4. Explain the following concepts with relevant examples

1. Corporate Strategy
2. Business Strategy
3. Functional Strategy

1. “If organizations want to stay competitive, they need to understand the importance of obtaining a sustainable competitive advantage” Do you agree? Explain
2. “Traditional means of achieving a competitive advantage has become irrelevant in the modern dynamic business context” discuss briefly about why modern organizations have to face such a problem
3. Discuss the importance of SWOT and PESTEL analysis on strategy development for an organization
4. Briefly explain the following concepts with examples

1. Cost Leadership strategy
2. Product Differentiation strategy
3. Focus Strategy

1. What is the importance of constant evaluation of an implemented strategy for organizational success
2. Define Strategic HRM and discuss the importance of it to the modern business context
3. “Human Resources Department does not contribute towards profit generation in an organization, hence we do not need one” Do you agree?

 How can HR processes contribute to the bottom line (Profits) in the organization?

1.  “Human Resource is the best resource to obtain a sustainable competitive advantage to any organization” do you agree?, Explain by using relevant examples
2. Your chief executive has sent you the following e-mail. ‘I have just returned from a one-day management conference in which an academic kept on referring to “the resource-based view” and its significance. What is it and how relevant is it, if at all, to what we are doing here?’ Produce a reply.
3. Explain the following concepts

1. Best fit
2. Best Practice
3. Bundling

1. Briefly explain the 2 types of HR strategies “General & Specific”
2. Briefly explain the concept of Balanced Score Card
3. Explain why do HR Departments have to measure the effectiveness of HR functions
4. Explain HR Score Card by using an example