Professional Documents
Culture Documents
Jan-June2017 - MS-91
Course Code MS - 91
Course Title Advanced Strategic Management
Assignment Code 91/TMA/SEM - I/2017
Assignment Coverage All Blocks
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a) ---------------------------------------- environment
b) ------------------------------------------------- Organisation
c) Factors Relating to -------------------------------------
In order to -----------------------------------------------------------------------------------------------------------------------
--------------------------------------------use to stimulate your creativity:
The management must ------------------------------------------------------------------------ factors. For e.g. An excellent production plan
could not -------------------------------------------------------------------------------------- of machines, etc.
A Tata company and its employees shall not off er or give any company funds or property as donation to any government agencies
or their representatives, directly or through intermediaries, in order to obtain any favourable performance of official duties.
An employee of a Tata company and his immediate family shall not derive any benefit or assist others to derive any benefit from
the access to and possession of ---------------------------------------------------------------------------------------------------
----------------------------------------------------------not use or proliferate information which is not available to the investing
public and which therefore ----------------------------------------------------------------------------------- on the securities of the respective
Tata company on which such insider information has been obtained.
2. Discuss the issues which result in bad Corporate Governance citing examples. What measures should be
taken to correct such failures.
Corporate governance broadly refers to the mechanisms, processes and relations by which corporations are controlled and
directed. Governance structures --------------------------------------------------------------------------------------------------
-----------------------------------------------------------, creditors, auditors, regulators, and other stakeholders) and include the
rules and procedures for making decisions in corporate affairs. Corporate governance includes the processes through which
corporations' objectives are set ---------------------------------------------------------------------------------------------------
----------------------------------------------------------of corporations, their agents, and affected stakeholders. Corporate
governance practices are affected by attempts to align the interests of stakeholders.
2. The ----------------------------- boards- Along with the structure of ownership, the structure of company boards has considerable
influence on the way the companies are ------------------------------------------------------------------------------------------------------------
--------------------------------------------------------level executives to carry out those objectives and policies.
3. The financial structure- Along -----------------------------------------------------------------------------------------------
--------------------------------------------------------between debt and equity, has implications for the quality of governance.
4. The i------------------ environment- The legal, regulatory, and political environment within which a company operates
determines in large measure the quality of ----------------------------------------------------------------------------------------
---------------------------------------------------------------. For example, the extent to which shareholders can control the
management depends on their voting right as defined in the Company Law, the extent to which creditors will be able to exercise
financial claims on a bankrupt unit will depend on bankruptcy laws and procedures etc.
Supply of ---------------------------- information: Financial accounts form a crucial link in enabling providers of finance to
monitor directors. Imperfections in the -------------------------------------------------------------------------------------------
------------------------------------------------------------of the external auditing process.
Trading did not deliver the earnings targets, aggressive or even fraudulent accounting tended to occur. This was very
apparent in the cases of Ahold-------------------------------------------------------------------------------------------
------------------------------------------------------------appear to meet analysts' expectations. Some of the better
known cases of financial irregularities are summarised in following table.
Examples-
1. ---------------------------------------- at Enron-
Enron is an excellent example where those at the top allowed a culture to flourish in which secrecy, rule-breaking and fraudulent
behaviour were acceptable. It appears that ----------------------------------------------------------------------------------------
---------------------------------------------------------------Enron had all the structures and mechanisms for good corporate
governance. In addition, it had a corporate social responsibility task force and a code of conduct on security, human rights, social
investment and public engagement. Yet no ---------------------------------------------------------------------------------------
----------------------------------------------------------------purpose entities (SPEs); the audit committee allowed suspect
accounting practices and made no attempt to examine the SPE transactions; the auditors failed to prevent questionable accounting.
Its failure to deliver on these policy commitments is inhibiting Wal-Mart's ability to expand into new domestic markets.
1-------------------------------- is not just about compliance- Boards need to balance conformance (i.e. compliance with legislation,
regulation and codes of practice) ------------------------------------------------------------------------of the
organisation through strategy ------------------------------------------------------------------------to elaborate its
position and understanding of the major ------------------------------------------------------- These specifics will vary from board to
board. Knowing the role of the ------------------------ maintaining a good relationship between the board and management.
2. Clarify the ---------------------strategy- It is generally accepted today that the board has a significant role to play in the
-----------------------------------------------------------------------
formulation and adoption of the organisations
--------------------------------------------------------------------------for it to undertake and clarify this
understanding with management.
3. Monitor ----------------------- performance- Monitoring organisational performance is an essential board function and
ensuring legal compliance is a major aspect of the boards monitoring role. It ensures that corporate decision making is consistent
with the strategy of the organisation and with owners -----------------------------------------------------------------
--------------------------------------------------------------------------------, the directors should establish an
agreed format for the reports they monitor to ensure that all matters that should be reported are in fact reported.
4. Understand --------------------- the CEO- In most cases, one of the major functions of the board is to appoint, review, work
through, and replace (when necessary), the CEO----------------------------------------------------------------------
----------------------------------------------------and managements role in achieving corporate objectives.
5. Recognise that the ------------------- responsibility- Establishing -----------------------------------------------------------------------
-------------------------------------------------------------------------------------------------------- supports better decision making because it
develops a deeper insight into the risk-reward trade-offs that all organisations face.
7. Build and maintain ----------------- infrastructure- Since the board is ultimately responsible for all the actions and
decisions of an organisation, it will need to have in -----------------------------------------------------------------------------------------------
-------------------------------------------------------------------------important for the board to develop policies in relation to delegations.
Also, under this topic are processes and procedures. ----------------------------------------------------------------------------------------------
--------------------------------------------------------------------------in a high level of dissatisfaction among directors. Enhancements to
board meeting processes, ------------------------------------------------------------------------------------------------------------------------------
------------------------------------------board.
9. Build a skills-based board- What is important for a board is that it has a good understanding of what skills it has and those
skills it requires. Where possible, a board should -------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------with specialist expertise or fresh perspective. Directors should also be
considered on the additional qualities they possess, their ---------------------------------------------------------------------------------------
---------------------------------------------------------------------------------, and between directors and key stakeholders.
10. Evaluate board and ------------------------------ for improvement- Boards must be aware of their own strengths and
weaknesses, if they are to govern effectively. ------------------------------------------------------------------------------------------------------
------------------------------------------------------------------director evaluation can include areas as diverse as board processes, director
skills, competencies and motivation, or even boardroom -----------------------------------------------------------------------------------------
-------------------------------------------------------------------------------weaknesses uncovered in board evaluations through director
development programs and enhancing their governance processes.
A core competence is -------------------------------------------- markets. For example, a firm can operate as a monopolist in one
business and can operate in a --------------------------------------------------------------- in other business.
Advantages-
4. What are the characteristics of innovative organizations? Giving the example of an organization,
explain how creativity contributes to the success of the organization.
Creativity as a context-specific evaluation can vary from one group, one organization and one culture to another and it can also
change over time. Evaluating creativity -------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------the level of the organization and hence, the concept of creativity can be
defined as the generation of new and ----------------------------------------------------------------------------------------------------------------
------------------------------------------------- or groups in a specific organizational context.
o ---------------------------------------------------
o --------------------------- Process
o Innovation in ----------------------------
o Innovation ---------------------------------- Model
o Innovation ----------------------- Experience
o Innovation -----------------------------------
o Steve Jobs
Apple's Innovation Strategy has ------------------------------------------------------------ Jobs interview and much more!
How --------------------------------?
------------------------------------ Strategy
Innovation -----------------------------------
Innovation ------------------------------ Model
Innovation -------------------------- Model
Innovation in Customer Experience
------------------------------- Leadership
Apple iPod
iPod ----------------------------
---------------------------------------- Innovation
iPod ------------------------------------- Revenue
iPod Growth -------------------------------------
iPod ------------------------------------ / Unit
iPod touch
iPod -----------------------------------
------------------------------iTunes
iTunes --------------------------------
iTunes -------------------------------
--------------------------------
Apple iPhone Juggernaut
--------------------------------
-----------------------------
Innovation
5. What are the various types of Social Audit? Illustrate and emphasize the need for social audit.
This approach has been criticized as many feel ------------------------------------------------------------- easy understanding.
Many believe that social audits are an imposition on organizations to divulge some information that they want to keep internal.
Others believe that social contributions -------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------audits include the following:
1. It provides a recognized method for ------------------------------------------------- of management.
Besides there are several other benefits which are worth mentioning.
Example-
In HDFC ------------------------------------------------------------ to following parts:
The scope of social audits may differ in HDFC bank. They may be used for investigating the work of all government departments
over a number of ---------------------------------------------------------------------------------------------------------------------------------------
-------------------------------------------of the following activities and outcomes:
============================================================================================
b) Knowledge Management
Knowledge management (KM) ----------------------------------------------------------------------------------------------------------------------
------------------------------------------------------------and experiences comprise knowledge, either embodied in individuals or
embedded in organizations as processes or practices.
Many large companies and non-profit organizations have resources dedicated to internal KM efforts, often as a part of their
business strategy, information ------------------------------------------------------------------------------------------------------------------------
----------------------------------------------------------organizations.
Knowledge management efforts typically focus on organizational objectives such as improved performance, competitive
advantage, innovation, the sharing of ---------------------------------------------------------------------------------------------------------------
-------------------------------------------------------------------that by a greater focus on the management of knowledge as a strategic
asset and a -----------------------------------------------------------------------------------------------------------------------------------------------
-----------------------------------abstract research.
Knowledge management prevents staff from constantly reinventing the wheel, provides a baseline for progress measurement,
reduces the burden on expert -------------------------------------------------------------------------------------------------------------------------
----------------------------------------------better and faster.
KM is beneficial ---------------------------------. Here are too few examples where ------------------------- benefits:
Social (Governmental)
1. ----------------------------------- disasters
2. Safety in ----------------------------------
3. Research -----------------------------------
Business
Example- TCS
Knowledge Management has -------------------------------------------------------------------------------------------------------------------------
----------------------------------------------Processing, Enterprise Report Management, Digital Asset Management, Records
Management etc. Tata ---------------------------------------------------------------------------------------------------------------------------------
--------------------------------------in the following diagram:
The TCS-KM Practice has executed multiple assignments across verticals and geographies over the years. The gathered expertise
has emerged as its multidimensional ----------------------------------------------------------------------------------------------------------------
-------------------------------------------------------and executing a KM initiative in any organization.
c) Corporate Philanthropy
Corporate philanthropy and corporate social responsibility are closely related concepts in that philanthropy is a slice of the bigger
corporate social responsibility pie. -------------------------------------------------------------------------------------------------------------------
----------------------------------------------------, the company itself and its employees.
Some Examples-
Some companies just get it. They ---------------------------------------------------------------------------------------, so they
institute corporate giving programs that provide more funds, in more ways, to more organizations.
1. Apple
1
2. Google
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