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strategic management

Questions and Answers of Strategic Management

Create a plan to improve the retention of tuition-aid recipients.During the past 14 years, Garden Gate Inc. has grown from a small local garden supply company into a diversified corporation with
Describe the effects staffing activities have on applicants, new hires, and organizations.
Explain the different types of staffing metrics and how each is used best.
Describe a balanced staffing scorecard.
Explain how digital staffing dashboards can help managers monitor and improve the staffing process.
Describe how staffing technology can improve the efficiency and effectiveness of the staffing function.
Critically evaluate Hallmark’s staffing index. What are its pros and cons?Hallmark, founded in 1910, is the largest U.S. manufacturer of greeting cards and the owner of Binney & Smith, the maker of
What additional criteria do you think Hallmark should track, and how should it be measured?Hallmark, founded in 1910, is the largest U.S. manufacturer of greeting cards and the owner of Binney &
Why might an employee rated “walk-on-water good”at the time of hire not live up to expectations? What can a company do to help new employees realize their potential?Hallmark, founded in 1910, is
a. Identify realistic long-term and short-term process and outcome goals.b. Ensure goals are related to business strategy and explain why each is important.
a. Develop a formal talent philosophy, HR strategy, and specific staffing strategy.b. Address each of the nine strategic staffing decisions.c. Explain each of your recommendations for the nine
a. Use stock, flow, and concentration statistics to determine if any evidence of discrimination exists.b. Recommend strategies to alleviate any discrimination you find.
a. Using O*Net and other sources of data, create a job requirements matrix.b. For each competency or KSAO, decide if it should be used to hire or plan to develop.c. Estimate how important each
a. Conduct a transition analysis.b. Summarize the internal labor market and highlight any trends or forecasted gaps.c. Based on the transition probability matrix, calculate how many new full-time
a. Rank order the recruiting sources based on their ability to maximize the company’s staffing goals.b. Provide recommendations on how the Internet might be more effectively used to source and
a. Develop an outline for a recruiting guide.b. Determine how to increase fairness perceptions of the recruiting process and reduce any negative spillover effects.c. Determine what the employer brand
a. Read the next few parts then evaluate the eight candidates’ résumés.b. Create a scoring key for the interviews.
a. Develop an assessment and selection plan that does not exceed the remaining $4,000 budget.b. Justify your proposed selection system in your report.c. Submit your assessment plan to your
a. Improve internal promotion practices.b. Recommend ways to identify and develop sales associates who have the potential to become department managers.
a. Develop a rational way of combining the scores on the assessment methods you recommended.Recommend either a multiple hurdles, compensatory, or combined approach and explain.b. Describe the weights
a. Write a report recommending appropriate onboarding and socialization strategies, and explain why you are making each recommendation.b. Develop a retention plan for the company’s top
a. Create a digital staffing dashboard with the five most important indicators of the overall staffing process.b. Recommend various staffing technologies to enhance the performance and efficiency of
Give an example of how the “philosophy” component of a mission statement could have a customer orientation for a charter fishing company.
Give an example of how the “technology” component of a mission statement could have a customer orientation for a charter fishing company.
Give an example of how the “product” component of a mission statement could have a customer orientation for a charter fishing company.
List the four most important characteristics of a mission statement for a small retail store. Explain.
Understand the “Implications for Students” and explain how a team of students should couch their mission statement discussion of slides in a presentation.
Do local fast food restaurants need a mission statement posted in their place of business? Why or why not?
Explain how a mission statement can be “reconciliatory.”Give an example.
How often do you think a firm’s vision and mission statements should be changed? Why?
Does Singapore Airlines have its vision and mission statement posted on its website? Should the company?Why or why not?
Within a given industry, compare the mission statements of three companies in your country versus three competing companies from the United States. How do they differ?
Write an excellent sentence for Samsung, which includes four mission statement components.
Write a vision and mission statement for a local restaurant in your area.
In order of importance, rank seven characteristics of a mission statement.
List the nine mission statement components. Give an example of each component for your college or university.
Only the fairytale ends with a “they lived happily ever after.” What is the relevance of this statement to the concepts vision and mission statement?
In order of importance, list six benefits of having a clearly defined vision and mission statement.
How and why could the process of developing a vision and mission statement vary across countries?
Search the web for six mission statement examples. Evaluate the six statements and bring your analysis to class.
If you just purchased a 10-employee company, how would you establish a clear vision and mission?
Write a vision statement for your university. Write a vision statement for your School (or College) of Business within the university.
Conduct a Google search for the key words “mission statement.” What are the two best websites in your opinion that provide example mission statements?
List three things you are on a mission to accomplish in the next three years. How relevant is the concept of vision/mission to an individual in their personal and professional life? Explain.
Should the mission statement components vary in importance depending on type of business? If yes, how would their relative importance vary for Samsung versus Singapore Airlines?
See if you can find a vision statement for Samsung. If not, write a proposed vision statement for the company.
Summarize Samsung’s successful global strategy for the last decade. Can that strategy be as successful in 2016? Explain.
Develop (or find) a mission statement for Samsung Electronics. Analyze the company’s mission statement in light of the guidelines in Chapter 4.
Are international alliances more effective with competitors or non-competitors?
The world’s largest furniture retailer, IKEA based in Stockholm, Sweden, recently entered the insurance business, including child, pregnancy, and home insurance products being available at many
The big USA appliance maker, Whirlpool, recently acquired Indesit, an Italian company that sells appliances, in order to double Whirlpool’s size in Europe, where the company has struggled to
Identify three companies that use outsourcing effectively.Explain how and why those firms utilize this management approach.
Prepare a strategic-management case analysis presentation referring to the chapter’s “Implications for Students” section.
Based on the information given for Petronas, what three strategies are being pursued by the firm?
With different types of strategies, how can firms best cope with the turbulent, high-velocity markets or uncertainty in the business environment?
Identify three local businesses in your city. What three strategies do these three firms pursue? List the strategies in order of prevalence.
List three ways a country could prevent its companies from outsourcing jobs to other countries.
In order of importance, list six potential benefits of two firms merging.
In order of importance, list six reasons why many mergers and acquisitions fail.
List the pros and cons of a hostile versus friendly takeover of another firm.
Explain the difference between joint ventures and partnerships as a means for achieving various strategies
Explain why you believe some analysts consider Michael Porter’s generic strategies to be too few and too vague.
List and describe the five types of bankruptcy. If your college or university had to declare bankruptcy, which type would be appropriate?
When would market development generally be the preferred strategy over backward or forward integration?
Give a hypothetical example of retrenchment and divestiture for Wal-Mart. Students’ answers may vary.
Give a hypothetical example of related diversification and an example of unrelated diversification for Google.
Give a hypothetical example of market penetration, market development, and product development for Toyota Motors.
Give a hypothetical example of forward integration, backward integration, and horizontal integration for Volkswagen.
In order of importance, rank six major benefits of a firm having objectives.
List six characteristics of objectives and an example of each.
Explain how and why Petronas has been so successful in recent years.
Explain how strategic management differs in governmental organizations as compared to educational institutions.
List four important reasons why many mergers and acquisitions fail.
Identify three joint ventures that have worked especially well in the past.
Do a Google search on joint ventures. What important new concepts did you learn that were not presented in the chapter?
List three industries where cooperation among competitors is most likely and explain why.
Give some examples of Type 4 and Type 5 focus strategies according to Porter’s generic strategy approach.
Which two strategies do you consider the best for Nestle to pursue? Why?
Give some guidelines of when divestiture is a particularly effective strategy. Selling a division or part of an organization is called divestiture. It is often used to raise capital for further
Should non-profit organizations post their strategic plan on their website? What about corporations? Why?
What three strategies defined in the chapter do you feel are most widely used by small businesses?
Identify five situations when forward integration is a particularly good strategy. Forward integration involves gaining ownership or increased control over distributors or retailers. Increasing
For Petronas, featured at the beginning of the chapter, give a hypothetical strategy for each of the following categories: market development, unrelated diversification, backward integration, and
For Petronas, featured at the beginning of the chapter, give a hypothetical strategy for each of the following categories: market penetration, related diversification, divestiture, and retrenchment.
According to Barnett and Salomon, does it pay to be socially responsible? Discuss with specifics from the chapter.
Given Donald Palmer’s research, what should organizations do to help assure an ethical work environment?
Who is prone to be unethical in a business according to Donald Palmer’s research?
Discuss bribes. Would actions like politicians adding earmarks in legislation or pharmaceutical salespersons giving away drugs to physicians constitute bribery?Identify three business activities that
List six desired results of “ethics training programs,” in terms of recommended business ethics policies or procedures in the firm.
How can firms best ensure that their code of business ethics is read, understood, believed, remembered, and acted upon?
What is the relationship between personal ethics and business ethics? Are they, or should they be the same?
Bank Audi Group has done really well in 2015.Visit their corporate website and determine if business ethics and sustainability issues may be key reasons for their success.
SWOT analysis is a technique to analyze the internal and external environments of a firm. What are its advantages and disadvantages?
Look up your university or college on the internet. What are some of its key value-creating activities that provide competitive advantages? Why?
In the Learning from Mistakes at the beginning of the chapter, we discussed how Quibi compiled up a number of valuable resources but failed spectacularly. Imagine you are advising Netflix on a new
What are some of the ethical issues that may arise from a firm’s procurement activities? Are you aware of any of these issues from your personal experience or from businesses you are familiar with?
What do you think the resignation of Jesse Bhattal says about the international "strategy" of the company? L01
What do you think the statement, "When your business is global, management needs to be global," is saying? In your opinion, is Nomura doing this? Explain. L01
What could Nomura executives do to support, promote, and encourage cultural awareness among employees?Explain. L01
Do some cultural research on Japan and the United States.Compare those cultural characteristics. What similarities and differences exist? How might these cultural differences be affecting the

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