Strategy & General Management Questions

1) How do we define industry and should substitutes be part of industry?

2) What is the difference between strategy and tactics?
Ans: Tactics are the day­to­day activities that are repeatable in your business and relatively 
clear­cut
Tactics are the day­to­day activities that are repeatable in your business and relatively clear­
cut
3) Companies are increasingly using scenario planning for mapping out
various possible scenarios, should it be part of company's strategy
matrix.
4) What is core competence and do all companies possess it?
5) While plotting BCG Matrix, what do we take on X&Y axis and why?
6) How do companies start from PEST analysis leading to SWOT and
preparing TOWS MATRIX for identifying strategic options?
7) In their quest for growth companies use different options, can we map
out the various tools of growth.
8) How do companies use corporate parenting in their strategy toolkit?
9) Is it really possible for companies to maintain sustainable competitive
advantage in the long-run?
10) Why is it important to identify one's strategic type and strategic
group one belongs to before chalking strategy?