1. Define the concept of ‘strategy’. Explain the Boston Consulting Group (BCG) model, General Electric (GE) planning model and highlight their usefulness in formulating business unit level strategies.
2. Explain the following:
a) Just In Time (JIT) and Management Control System
b) Benchmarking and Management Control System
3. What is ‘Arm’s Length Principle’? Explain the traditional transaction methods used for determination of transfer price.
4. What are the objectives of Reward and Compensation plan? Discuss the various types of long term incentive plans.
5. Discuss the special characteristics of Non Profit Organisations and explain the focus areas of Management Control Systems for such Organisations.
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