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MH 101- PRINCIPLES & PRACITES OF MANAGEMENT Evolution of ...

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<strong>MH</strong>205 - BUSINESS POLICY AND STRATEGIC ANALYSIS<br />

Business Policy and Corporate Strategy: Approach to central management problems, Concept<br />

<strong>of</strong> strategy, strategic management, Defining Company Policy relating to marketing, production,<br />

finance and human resource areas.<br />

Strategic Management Process: Nature and purpose, Different phases, Statement <strong>of</strong> mission<br />

and objectives – their formulation, Mintzberg six power configurations.<br />

Environmental Analysis and Diagnosis: Environmental factors, Techniques <strong>of</strong> environmental<br />

analysis and diagnosis, preparing E.T.O.P. and S.A.P., SWOT analysis, Competitive Analysis:<br />

Theoritical viewpoints, Porter’s framework for analyzing competition, Generic competitive<br />

strategies, Routes to Competitive Advantages.<br />

Strategic Choice: Generating alternative strategies, mergers and acquisitions, tools for selection<br />

decision, BCG Matrix, H<strong>of</strong>er’s Work, SPACE, GEC Model.<br />

Managerial factors <strong>of</strong> strategic analysis.<br />

Implementation and Evaluation <strong>of</strong> Strategy: Implementation <strong>of</strong> strategy, Mckinsey 7-s<br />

framework, resource allocation, Organizational structure, Management policy and administration<br />

Styles.<br />

Evaluation <strong>of</strong> strategy.<br />

Suggested Readings:<br />

1. Azhar Kazmi: Business Policy.<br />

2. U.I. Khan: Business Policy.<br />

3. William F. Glueek: Business Policy and Strategic Management, McGraw.<br />

4. Ans<strong>of</strong>f J.I.: Corporate Strategy, McGraw.<br />

5. Mc Carthy et al: Business Policy and Strategy, Irwin.

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