Question 1
Price or market competitiveness of a product or business depends on its cost competitiveness. Cost competitiveness implies two things-cost efficiency and cost effectiveness. Explain the concept of cost efficiency of an organization. Analyze the major determinants of cost efficiency.
Question 2
Stability strategy is most commonly used by organization. Organization will continue in the same or similar business as it currently pursues with the same or similar objectives and resources base. Discuss six situations when it is good/best to pursue stability strategy. Give some Indian examples.
Question 3
Corporate culture governs, to a large extent, corporate ethics and values in an organization. Describe the state of business ethics in Indian companies. Analyze in terms of KPMG business ethics survey.