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business
strategic management

Questions and Answers of Strategic Management

How do timing tactics impact the strategy implementation efforts of a company?AppendixLO1
What issues would you consider to be the most important for a company that is considering the use of a functional structure?AppendixLO1
Staffing decisions are considered an important component of strategic planning and the management process. Why? How is strategy implementation process connected to the decisions resulting from a
Why is it necessary for an organization to align its managers with the corporate strategy to ensure better organizational performance?AppendixLO1
Is downsizing a good strategy for revamping an organization’s competitiveness when it is facing major competitive threats in the market?AppendixLO1
Can organizations be controlled by culture?Explain.AppendixLO1
How is an international staffing strategy different from a domestic one?AppendixLO1
List the aspects of an organization’s environment that can influence its long-term decisions AppendixLO1
Identify the aspects of an organization’s environment that are most strategically important AppendixLO1
Conduct an industry analysis to explain the competitive forces that influence the intensity of rivalry within an industry AppendixLO1
Discuss how industry maturity affects industry competitive forces AppendixLO1
Categorize international industries based on their pressures for coordination and local responsiveness.AppendixLO1
Identify key success factors and develop an industry matrix AppendixLO1
Construct strategic group maps to assess the competitive positions of firms in an industry AppendixLO1
Develop an industry scenario as a forecasting technique AppendixLO1
Use publicly available information to conduct competitive intelligence AppendixLO1
Construct an EFAS table that summarizes external environmental factors AppendixLO1
How does STEEP analysis aid in the development of the strategy of a company?AppendixLO1
The effects of climate change on companies can be grouped into six categories of risks. Use any two of these to explain the impact upon the resort hotel industry?AppendixLO1
Explain why environmental analysis is considered to be an important activity for the strategy formulation process of an organization.AppendixLO1
How do corporations analyze the societal environment?Is STEEP Analysis an appropriate tool?AppendixLO1
Differentiate between fragmented and consolidated industry.AppendixLO1
What are the most significant implications of a strategic group analysis of an organization?AppendixLO1
How is Porter’s five force framework related to the identification of key success factors?AppendixLO1
Apply the resource-based view of the firm and the VRIO framework to determine core and distinctive competencies AppendixLO1
Explain company business models and how they can be imitated AppendixLO1
Use value chain to assess the activities of an industry and of an organization.AppendixLO1
Explain why different organizational structures are utilized in business AppendixLO1
Assess a company’s corporate culture and how it might affect a proposed strategy AppendixLO1
Construct an IFAS Table that summarizes internal factors.AppendixLO1
How does the resource-based view of the firm provide a superior means of evaluating a company’s competitive advantage?AppendixLO1
Explain how using an IFAS table impacts the understanding of a company’s internal resources and capabilities?AppendixLO1
How does the resource-based view of firms help in determining the sustainability of a competitive advantage?AppendixLO1
How does VRIO framework analysis help in evaluating a company’s competencies?AppendixLO1
Why is organizational culture important for a business to effectively formulate its strategy?AppendixLO1
How are organizational resources linked to the competitive advantages and corporate performance of an organization?AppendixLO1
How is the possession of valuable and scarce resources of an organization related to the planning and formulation of its corporate-level strategy for enhancing its competitive advantages in the
Utilize the SFAS matrix and a SWOT diagram to examine business strategy.AppendixLO1
Develop a mission statement that addresses the five elements of good design AppendixLO1
Explain the competitive and cooperative strategies available to corporations AppendixLO1
Identify the types of strategic alliances AppendixLO1
How does a hypercompetitive environment change the strategic approach for a company?AppendixLO1
Explain how our understanding of the three generic strategic approaches available to companies can be used to direct the efforts of all employees at those companies.AppendixLO1
Discuss how industry structure impacts competitive strategy choices.AppendixLO1
What are the major sources of competitive advantages of an organization that can be effectively developed to support a cost leadership strategy for competing in the market?AppendixLO1
How can an organization develop a competitive advantage internally without the help of outsiders?AppendixLO1
Explain the importance of strategic alliances.AppendixLO1
Discuss the impact that the various types of functional strategies have on the achievement of organizational goals and objectives AppendixLO1
Explain which activities and functions are appropriate to outsource/offshore in order to gain or strengthen competitive advantage AppendixLO1
List and explain the strategies to avoid AppendixLO1
Construct corporate scenarios to evaluate strategic options AppendixLO1
How can an operations strategy be used to understand and exploit a particular product offering?AppendixLO1
How are corporate scenarios used in the development of an effective strategy?AppendixLO1
Explain how functional strategies can support an organization’s corporate strategy.AppendixLO1
What are the reasons for strategic planners to pay more attention to the importance of planning and implementing an effective pricing strategy in a competitive market?AppendixLO1
Explain the new real-options approach used in conditions of high environmental uncertainty.AppendixLO1
Identify the common signs that indicate an outsourcing strategy is not executed effectively.AppendixLO1
How does a business evaluate its strategic choices?AppendixLO1
Describe the means of entry by which an organization can do business in another country AppendixLO1
Explain the elements of International Strategic Alliances that lead to success AppendixLO1
Discuss the stages of International Development.AppendixLO1
Explain how companies can improve their staffing efforts as they expand beyond their home country AppendixLO1
Discuss the unique issues related to Measuring Organizational performance that are presented with the administration of a truly international company AppendixLO1
What are the nine means by which a company can enter a new international market?AppendixLO1
What are the advantages of using a Strategic alliance when operating in a new country?AppendixLO1
What are the stages of International Development?AppendixLO1
How can an expat program be improved to the benefit of the organization?AppendixLO1
Why is strategic flexibility important for strategy formulation when an organisation is at the growth stage?AppendixLO1
Explain the link between strategy and staffing decisions AppendixLO1
Discuss how leaders manage corporate culture AppendixLO1
Utilize an action planning framework to implement an organization’s MBO and TQM initiatives.AppendixLO1
What are the critical issues that a company must consider when trying to match its staffing to its strategy?AppendixLO1
What are the unique impacts on a company that must staff in international settings?AppendixLO1
What skills should a person have for managing a business unit following a differentiation strategy?Why? What should a company do if no one is available internally and the company has a policy of
Does staffing really follow strategy? Are the job applicants’ knowledge, skills, and abilities the key, or is it the corporate strategy?AppendixLO1
What are some ways to implement a retrenchment strategy without creating a lot of resentment and conflict with labor unions?AppendixLO1
How can corporate culture be changed?AppendixLO1
Provide local examples to show the relevance of Hofstede’s dimensions in effective staffing and directing.AppendixLO1
Explain the issues involved in researching a case situation AppendixLO1
Analyze financial statements using ratio analysis, common-size statements, Z-values and economic measures AppendixLO1
Employ the strategic audit as a method of organizing and analyzing case information.AppendixLO1
What ratios would you use to begin your analysis of a case?AppendixLO1
What are the five crucial steps to follow in basic financial analysis?AppendixLO1
Why should you begin a case analysis with a financial analysis? When are other approaches appropriate?AppendixLO1
Discuss the importance of the common-size financial statements in strategic evaluation and control process.AppendixLO1
Financial statement analysis is considered useful for students in handling and analyzing case studies.Is this true? Why?AppendixLO1
When is inflation an important issue in conducting case analysis? Why bother?AppendixLO1
Why is strategic audit recommended in case study analysis for students?AppendixLO1
Which external changes in the marketing environment influence management decisions for automotive brands over time?
Understand the rationale for developing a global brand. LO1
Outline the main advantages and disadvantages of developing a standardized global marketing program. LO1
Defi ne the strategic steps in developing a global brand positioning. LO1
Describe some of the unique characteristics of brand building in developing markets like India and China. LO1
Pick a product category. How are different leading brands targeting different demographic market segments? LO1
How does the integration of PR planning strengthen social media measurement and management processes? What are some of the opportunities and risks in starting your own social media firm?
What are some of the dramatic changes in the past few years, since Trejo spoke to students in the video? How do these shifts reflect a need to constantly innovate social media measurement and
How does personal branding and employer branding influence communication between prospective employers and employees? Why?
How does your immediate supervisor or former boss use social media? Why is this helpful or not? Does your employer or former employer make social media sharing suggestions? Do you welcome these? Why
Pick a car brand. How is this brand targeting different demographic market segments?
Describe effective qualitative research techniques for tapping into consumer brand knowledge. LO3

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