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strategic management

Questions and Answers of Strategic Management

What five countries in Asia have the highest GDP?What are its implications for Nestlé?
In 2016, China devalued its currency substantially.What impact does that have within and outside China?
Based on the points of comparisons discussed in this chapter compare and contrast business practices and cultures in Europe with the U.S. business culture.
Select any four countries in which Honda Motor Company operates. Evaluate their operations in those countries.
Discuss the requirements for doing business in India.
In China feng shui is important in business, while in Japan nemaswashio is deemed important. What are the analogous American terms and practices?
Why do many Europeans also find the notion of “team spirit” in a work environment difficult to grasp?
Wa, guanxi and inhwa are important management terms in Japan, China, and Korea respectively. What would be analogous terms to describe American management practices?
How many different languages are the in the world?
List six reasons why strategic management is more complex in a multinational firm.
Compare and contrast the United States with foreign cultures in terms of doing business.
What are the major differences between the United States operations and multinational operations that affect strategic management?
Why are consumption patterns becoming similar worldwide? What are the strategic implications of this trend?
Honda Motor Company has been very successful in recent years. What percentage of Honda’s revenues comes from the United States versus Europe? How does this percentage compare with rival firms?
Virtual teams, which we address in the section titled “Virtual Teams: Using Technology to Enhance Collaboration,” are becoming widely used in all types of organizations. We address key
Studies of companies that are leaders in achieving exceptional customer profitability.shûÂ._ that there are six steps they have taken to do so: (1) figure out the needs of your most profitable
Find five different examples of companies' goals. List these goals on a sheet of paper.Then, do some reverse thinking, and list what organizational resources and capabilities would be needed to
In the cosmetics industry, knowing what and how the various competitors are doing could be important strategic information in developing a sustainable competitive advantage. Suppose you're a manager
Asking the right questions is an important skill for strategic decision makers. Here are some questions that might be useful:• How can we do that? (Don't ask "why can't we do that?")• How else
A study by Fuld & Company, a competitive-intelligence firm, found that companies fail to use as much as 70 percent of the online business data they buy.^'^ Why do you think strategic decision makers
Customer loyalty can be a powerful competitive advantage. And customer loyalty is more than repeat purchasing. Customers who are loyal tend to buy more over time and, most important, tend to tell
The conventional view that leading brands maintain their market leadership for long periods of time may be inaccurate. Strategic decision makers can no longer assume they will be able to retain their
Has the organization developed any competencies in the management area? LO1
Has the organization developed any competencies in its human resource management activities? LO1
Are legal guidelines followed in human resource management activities? LO1
Does the organization effectively use work teams? LO1
What kind of relationships does the organization have with employee groups? LO1
How does the organization treat its employees? LO1
Are organizational employee discipline and control mechanisms appropriate? LO1
Are organizational compensation and reward programs appropriate? LO1
What is the level of employee turnover? LO1
Wbat is the level of employee morale? LO1
Are jobs effectively designed? LO1
Are job descriptions and job specifications clear? LO1
Does the organization provide employees with appropriate training? LO1
Are employee selection procedures effective? LO1
Does the organization attract appropriate job applicants? LO1
Has the organization developed its vision? What about mission(s)? LO1
What is the organization's culture? Does it support organizational goals and mission? LO1
Is the organization's structure appropriate? LO1
Are organizational goals clear and measurable? Are they communicated to organizational members? LO1
Do organization employees manage strategically? LO1
In a survey that asked corporate leaders whether they communicated with their employees about how the economy was impacting their company, 70 percent said no. What do you think of this? Why might
A survey listing the most important cultural values of the United States included the following (most important listed first): protecting the family, honesty, stable personal relationships,
Two of the major competitors in the fast-food industry—Wendy's and McDonald's—have positioned themselves differently. Wendy's has taken the adult approach, practically ignoring the children's
The demographic trend of an aging baby boom generation, combined with struggling financial markets, has forced many people to delay retirement. This has created some interesting strategic scenarios,
A study for the U.S. Department of Labor completed by the Rand Corporation, a think tank based in Santa Monica, California, showed that the nation's workforce will be smaller and more diverse, more
Find three different online sources that report basic economic data. Describe what each of the sources provides. Which would you recommend as a source of economic data? Why? LO1
It has been suggested that one simple way to do an external analysis is by asking these six questions: (a) What is happening in the world today? (b) What does it mean for others? (c) What does it
Go to the U.S. Census Bureau Web site [www.census.gov]. List the major categories and subcategories found there. Choose one of the subcategories, and do a more thorough description and analysis of
The term business model became extremely popular during the dot-com craze—everyone was searching for that Web-based business model that promised unimaginable profits. However, as the dot-com craze
"With respect to business, the Internet represents one of the most important innovations of this generation for firms to cut costs, improve services, and expand markets." Do you agree with this
Boards of directors and top managers are being scrutinized more than ever. Complete the following assignments having to do with these two groups of strategic decision makers.a. Fortune publishes an
"Making strategy, once an event, is now a continuous process." Explain what you think this statement means. LO1
Research the strategic leader(s) of Pepsi-Cola, Amazon.com, and Toyota Motor Company. Use paper-based sources (business periodicals, books, etc.) or Web-based information. In a brief paper, describe
If a firm enters into a strategic alliance but does not exercise appropriate behavioral control of its employees (in terms of culture, rewards and incentives, and boundaries—as discussed in Chapter
Look up a recent article in the publications listed in question 2 that addresses a firm’s involvement in outsourcing (modular organization) or in strategic alliance or network organizations
Use the internet to look up some of the public statements or speeches of an executive in a major corporation about a significant initiative such as entering into a joint venture or launching a new
Choose an article from Bloomberg Businessweek, Fortune, Forbes, Fast Company, or any other wellknown publication that deals with a corporation that has undergone a significant change in its strategic
Select an organization that competes in an industry in which you are particularly interested. Use the internet and determine what type of organizational structure this organization has. In your view,
Boeing has experienced another product crisis with its 737 Max aircraft. Investigate how Boeing designed this plane, including the internal structure of the firm, the use of external partners, and
Are managers likely to look to media evaluations of other types of decisions? If so, what kind?
What other types of evaluations are managers likely to attend to?
Why are managers sensitive to media evaluations?
What mistakes did Newell make in its pursuit and post-merger integration of Jarden?
Why was Newell so overly optimistic about the value it could generate?
In what ways did Newell expect to generate value by acquiring Jarden?
Is regenerative farming a beneficial action or is it just a marketing slogan?
How should producers position these products to enhance consumer demand?
Will consumers value regenerative farming and pay a premium for regenerative eggs?
Who benefits from LG’s exit from this market?
Did they make the right choice to exit the market?
Why did LG struggle so much in the mobile phone market?
Would your view change if you were the founder and CEO of an entrepreneurial technology firm?
What boundaries, if any, should be placed on NDAs?
Do you agree or disagree with firms requiring employees to sign NDAs? Why or why not?
What practices should firms such as Dewey & LeBoeuf implement to attract and retain top talent?
How could these problems have been avoided at Dewey & LeBoeuf?
Amazon is very highly ranked on a number of the dimensions examined, but the firm scored quite unevenly across the areas, scoring particularly low in social responsibility. Should Amazon see this as
What are some examples of firms that have been strong performers but that faced struggles because of specific areas of weakness? How did these firms respond to these challenges?
What actions should the backers of future services take to increase their likelihood of success?
Is there promise in developing new short-form video services? Why or why not?
Why were high profile executives, actors, and producers attracted to being part of Quibi?
Do you think drone use could be successful in other commercial applications, such as package delivery?
How should regulators respond to drone accidents?
If you were a local regulator, would you permit the use of drones?
How should companies adapt human resource practices to ensure they attract and retain the best employees when people are living and working longer?
Given that employees and firms need to update existing skills and develop new knowledge, how can managers encourage older employees to close the training and development gap with younger employees?
How should Airbus compete against Boeing going forward?
Given that it is difficult to predict future market needs and trends in industries with long product life cycles (such as jetliners), how should managers deal with this uncertainty?
How can Seventh Generation solve this dilemma?
How important should the Seventh Generation values be considered when deciding what to do?
What kind of control and monitoring structures should firm leadership implement to prevent employees from engaging in financial misconduct?
Given that public accounting firms such as Ernst & Young may be unable to uncover financial misconduct at foreign firms, what kind of due diligence should U.S. investors undertake before investing in
The Newell-Jarden merger has not generated value for shareholders. Imagine you were advising firm managers on how they could best leverage the businesses they have. Identify the key business units of
Research a company that has recently undertaken diversification into new product markets. What do you feel were some of the reasons for this diversification (e.g., leveraging core competencies,
What are some of the ethical issues that arise when managers act in a manner that is counter to their firm’s best interests? What are the long-term implications for the firms and the managers?
It is common for corporations to undertake downsizing and layoffs. Do you feel that such actions raise ethical considerations? Why or why not?
Define emotional intelligence (EI). What are the key elements of EI? Why is EI so important to successful strategic leadership? Address potential downsides.Page 361
Founders have an important role in developing their organization’s culture and values. At times, their influence persists for many years. Identify and describe two organizations in which the

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