Questions and Answers of Management A Practical Introduction

Using the steps in Figure 6.2, describe how LaCroix should be transforming the way it does business.
Develop a SWOT analysis for LaCroix.
Do a VRIO assessment of LaCroix’s sparkling water and recommend a solution based on this assessment.
Is La Croix employing a growth, stability, or defensive strategy? Explain.
Which of Michael Porter’s four competitive strategies is LaCroix trying to follow? Explain.
What can LaCroix do to properly execute across the three core processes of business?
Sign a contract that provides the university with an incentive for each account opened. Both the university and bank are providing students with special benefits. So it is all right if the school is
Sign a flat-fee contract only. Schools should not receive an incentive for each account opened, but they should be compensated for allowing the bank to have an increased presence on campus.
Refuse to sign a contract. Schools should be neutral parties and not be promoting banks.
Define entrepreneurship and discuss its importance across the world.
Identify how entrepreneurs get started.
Define the core competencies, knowledge, soft skills, attitudes, and other characteristics needed for career readiness and discuss how they can be developed.
Do results match your desire to assume leadership roles at school, work, and home? Explain.
Which of the three dimensions do you think is most likely to affect your future success as a leader? Discuss.
What things would you say during an interview to demonstrate that you possess the career readiness competency of leadership?
Do you have a strong attitude about accepting responsibility for your actions? Do you agree with these results? Explain your thinking.
What can you do to increase the strength of this attitude?
What things would you say during an interview to demonstrate that you possess the career readiness competency of ownership/accepting responsibility?
What is the underlying problem in this case from the perspective of Forever 21’s customers and creditors?
Why do you think Forever 21 ended up in its current situation?
What would you have done differently if you had been a senior executive at Forever 21?
Did Forever 21 operate more from a principle of efficiency or effectiveness? Explain your rationale.
Which of the seven challenges to being an exceptional manager did the Changs face as leaders of the company? How did they handle them?
Which of the three skills that exceptional managers need did the Changs most lack? Explain your answer.
Which career readiness competencies did the Changs display? Which competencies would have benefited the Changs most?
Deliver the presentation as planned.
Give the presentation but skip over the negative results.
Go back to the meeting room and announce that your spouse has had an accident at home and you must leave immediately. You tell the group that you just received this message and that you will contact
Invent other options. Discuss.
Explain the role of motivation in accomplishing goals.
Identify the needs that motivate most employees.
Discuss similarities and differences among three process theories.
Compare different ways to design jobs.
Discuss how to use four types of reinforcement.
Discuss the role of compensation in motivating employees.
Describe how to develop the career readiness competency of self-motivation.
Identify three influential effects of globalization.
Describe the characteristics of a successful international manager.
Outline the ways in which companies can expand internationally.
Discuss barriers to free trade and ways companies try to overcome them.
Explain the value to managers of understanding cultural differences.
Describe how to develop your cross-cultural competency.
What is the underlying problem in this case from CEO Cheng Wei’s perspective?
What obstacles remain for Didi as it challenges Uber’s control of the ride-sharing industry?
Didi’s CEO Cheng Wei stated that globalization is a top strategic priority for the organization. Explain how Didi is utilizing major developments in globalization to its advantage.
If you were leading Didi’s expansion into the Americas, what type of international manager would you want to be—ethnocentric, polycentric, or geocentric?Explain your decision.
Based on Figure 4.1, which ways of expanding internationally has Didi employed? Provide specific examples.
Didi is based in China and looking to expand to Brazil;China and Brazil are BRICS nations. Why is this significant?
Assume Didi is planning on entering the U.S. ridesharing market. Based on GLOBE cultural dimensions, the United States scores lower than China on power distance, in-group collectivism, and
Discuss the role of strategic management.
Compare mission, vision, and value statements.
Discuss the types and purposes of goals and plans.
Describe SMART goals and their implementation.
Outline the planning/control cycle.
Describe how to develop the career readiness competency of proactive learning orientation.
Why are they important?
What are different kinds of plans?
Explain the planning/control cycle.
Describe the triple bottom line of people, planet, and profit.
Identify important stakeholders inside the organization.
Identify important stakeholders outside the organization.
Explain the importance of ethics and values in effective management.
Describe the concept of social responsibility and its role in today’s organizations.
Discuss the role of corporate governance in assessing management performance.
Describe how to develop the career readiness competency of professionalism/work ethic.
Of the 11 groups in the task environment, which five do you consider most important, and why?
Distinguish among the four approaches to deciding ethical dilemmas.
What’s the difference between insider trading and a Ponzi scheme?
What are four ways that organizations can promote ethics?
How would you explain the concept of corporate governance?
What is the underlying problem in this case from the federal government’s perspective?
Why do you think assistant coaches play such a significant role in these scandals?
How do you think the NCAA and the Commission on College basketball should move forward to prevent illegal behavior from occurring in the future?
How do you think the basketball teams’ task environment, particularly competitors, allies, customers, regulators, and media, played into the corruption in the NCAA?
Are the high school recruits who accepted bribes from apparel companies and coaches purely victims in this situation, or should their behavior also be considered unethical? Explain your answer using
What might the NCAA do to promote higher ethical standards among its schools, coaches, players, and allies?
How do you think the scandal has and will continue to affect customers, players’ attitudes on the court, and NCAA sales?
Identify the three principles underlying strategic positioning.
Outline the five steps in the strategicmanagement process.
Explain how an organization assesses the competitive landscape.
Explain the three methods of corporate-level strategy.
Discuss Porter’s five competitive forces and the four techniques for formulating strategy.
Describe the role of effective execution in strategic management.
Describe how to enhance your strategic thinking.
Discuss the importance of strategic human resource management.
Discuss ways to recruit and hire the right people.
Outline common forms of compensation.
Describe the processes used for orientation and learning and development.
Discuss effective performance management and feedback techniques.
List guidelines for handling promotions, transfers, discipline, and dismissals.
Discuss legal considerations managers should be aware of.
Describe labor-management issues and ways to work effectively with labor unions.
Review the steps for becoming a better receiver of feedback.
Identify the rewards of being an exceptionalmanager.
List the four principal functions of a manager.
Describe the levels and areas ofmanagement.
Identify the roles an effective managermust play.
Discuss the skills of an outstanding manager.
Identify the seven challenges faced by mostmanagers.
Define the knowledge, soft skills, attitudes,and other characteristics needed for careerreadiness and discuss how they can bedeveloped.

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