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business
essentials of strategic management
Questions and Answers of
Essentials Of Strategic Management
discuss the implications for professional leadership in managing and developing people.
comprehend what is meant by an ‘ethical dimension’ to the management and leadership of meeting corporate social responsibility (CSR) targets
explain the difference between the duties, consequences and virtues approaches to ethics
understand the concept of business ethics
critically evaluate how data analytics and technological developments present practical and ethical challenges for people professionals
critically assess the nature of professionalism in people practice and the role of the CIPD
understand the role of professional associations
understand the foundations of the ‘professions’
explore the notion of strategic international HRM and the variegations in practice for staffing overseas
understand the concept of global HRM and its implications for practice in terms of policy and practice for localisation and control from head office
consider the ways in which the HR function may change as an organisation grows in size
recognise that delivering HR services in smaller organisations differs from those in larger organisations
appreciate how HR practices may differ across sector types: private, public and third sector
explore the links between HRM and risk.
consider the customer and their links and alignment to organisations
gain an understanding of the CIPD’s approach to good work
have an appreciation of the competing values framework and its application
explore the importance of organisational culture – branding and underlying values
explore the interplay between strategy and culture
have an appreciation of the importance of strategy and culture in organisations
highlight probable future trends which would shape HR.
assess the value and contribution of HRM and HRD
identify recent research findings about how HR equates into practice
understand the interrelationship between line management and HRM/HRD
consider the links between organisational strategy and HR strategy
be aware of and evaluate models of strategic HRM and HRD
explore approaches to, and models of, HRM and HRD
have an appreciation of the role and function of HRM and HRD
map the People Management and Development Strategies for Performance unit(7C002) learning outcomes to particular sections and chapters within the text
understand the structure of the book in relation to the CIPD People Management and Development Strategies for Performance unit (7C002)
familiarise yourself with the learning features within this book
appreciate the ongoing importance and topicality of core issues involved in strategic people management
identify important themes within the area of managing and developing people through an analysis of three case studies
14. What issues should be addressed in the alignment of style?
13. How are key stakeholder statements translated into action plans?
12. What is a qualitative metric and how should it be used in the organization?
11. How would you recommend corporate metrics be translated to individual employee metrics?
10. How do metrics guide the organization?
9. What criteria should you use when designing good metrics?
8. What types of statements constitute good stakeholder statements?
7. How do we determine the key value drivers for an organization?
6. How does the value-driver-action method differ from the balanced scorecard method?
5. Why do we start with the learning and growth part of the model?
4 How do the elements in the balanced scorecard work with each other?
3. What is a balanced scorecard?
2. What elements would you consider to be critical for effective implementation?
1. Why is strategy implementation so important to a company?
4. Why did Ford decide to stop publishing annual earnings guidance?
3. Focusing on the qualitative side, how might you measure "exciting new products" or "needs for tomorrow’s customers"?
2. If you had to keep it to seven or fewer metrics, which would be most important?
1. What metrics would you suggest?
3. How would you suggest they measure progress in an implementation plan
2. What would you do to implement these back to basics facets?
1. In your experience what are the "key value drivers" for McDonald's?
2. Why do you fly a particular airline?
1. A similar analysis could be applied to every group that was mentioned at the beginning of this vignette. So, what group is responsible for the core in commercial aviation?
4. What effect will the inclusion of "cross-company orchestration" at this highest level have on the company?
3. Why did Nadella change the organization again, just six years later in 2024?
2. Why does the AETHER ethics and responsibility group report directly to Satya?
1. How did the 2018 organization reflect changes in the market and evolving customer needs?
4. Evaluate whether the structure of an organization aligns effectively with its strategy.
3. Analyze and explain the type of mechanisms used to coordinate the activities in an organization.
2. Construct a map of the types, characteristics, and outcomes of the most common means of structuring organizations.
1. Explain how strategy is implemented through a company’s structure.
4. Select an example company from the past week in the Wall Street Journal that is under attack from a substantial new competitor or new process. Using the tactical responses defined in the chapter,
3. How can analytics and "big data" be used to identify emerging trends and new opportunities in an industry?
2. Using the same company that you selected in #1, create a strategy map based upon industry key success factors (see Chapter 4). Based upon its past trajectories, what are its probable paths
1. Select a well-known company in the Fortune 500. Using publicly available information, put together an analysis of the CEO who runs that organization. What are his or her strategic tendencies? Has
9. How does a company’s financial position impact its strategic choices?
8. How should absorption be used as a response to an innovative new entry?
7. What competitive tactics should Starbucks employ with the encroachment of McDonald’s into the premium coffee business?oe
6. How would a scenario analysis assist the airline industry going into 2030?7a oO mw PF
5. How would you collect competitive intelligence on a group of competitors?
4. Why can’t a company remain in a Reactor mode and still be a profit generator?
3. Provide an example of a Prospector organization (separate from the examples in the text) and explain how it reacts to its competitors.
2. How would you characterize a hostile environment?
1. How would a benign environment impact the strategic choices of an organization?
2. What are the ethical limits to gathering competitive intelligence?
1. What ethical considerations are raised by this story?
1. How should traditional "bricks and mortar" retailers respond to mobile shopping?
2. Why would Google play one company off another and seek "balance" in this industry?
1, What are the benefits and risks of cooperation?
4. Discuss the conditions under which cooperation can be an effective competitive approach.
3. Describe the differences between tactical and strategic methods for responding to competitors.
2. Select and evaluate the appropriate techniques for producing competitor intelligence.
1. Describe how to use industry and company trajectories to evaluate an industry environment.
2. Which CAGE distance is the most challenging, and why? Discuss this in your team, providing examples that you have read about outside this book.
1. You have recently been hired as the head of strategy for a rapidly growing chain of computer repair shops. The company provides on-site service for all laptop and desktop computers, guaranteeing
3. What are the biggest challenges in operating in an international location? How can these be minimized?
2. International value creation opportunities are best under what circumstances?
1. Why do companies seek to grow internationally?
3. What are the challenges in gaining acceptance and creating a successful business in other countries?
2. Why did they choose Canada, Mexico, and China as markets to expand into?
1. With overall company sales continuing to grow so quickly, why did Best Buy decide to expand into international markets?
3. How do VRIST resources and value creation factor in to where and how to expand internationally?
2. What other non-economic factors can play into success or failure in expanding internationally?
1, Under what conditions would it make sense for a retailer to expand internationally’
4. List and describe the essential differences in modes of international expansion.
3. Describe the ways in which Distance can impact a decision to expand internationally.
2. Compare and contrast the different types of international strategy and how value chain considerations relate to each.
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