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business
essentials of strategic management
Questions and Answers of
Essentials Of Strategic Management
What are the prevailing strategic guideposts of the company? (3.1) Strategy formulation: What and where do we want to be and how will we succeed?
What are the strategic key insights we need to consider for strategy formulation? (2.4)
What are major strengths and weaknesses within the company? (2.3)
What key opportunities and threats are evolving outside the firm? (2.2)
How do we capture the initial strategic situation of the company? (2.1)
explain how to make strategic management effective and describe its expected benefits
describe the wheel of strategy framework and explain its interrelated components
explain the evolution, schools of thought and paradigms of strategic management
understand the behavioral impact of cognitive biases for strategic decision making
outline foundations of decision making and apply them to strategic situations
describe the different mindsets to corporate sustainability and how to measure it
explain ways for measuring competitive advantage and company performance
explain the six principles of strategy and their relevance for strategic management
describe different business views of strategy and how they can be linked
understand the roots of strategy and their applicability for management today
explain triggering events for companies to rethink their strategic orientation
Discuss different kinds of associations you can use when you are learning new information.
Summarize strategies to use for any three selfmanagement skills.
Compare and contrast the functions and capabilities of sensory memory, working memory, and long-term memory.
Describe three important strategies students can use to manage stress.
In what specifi c ways have you learned to use metacognition this term?
What does metacognition mean to you?
How do you rate your overall performance and grades on recall and essay tests? What areas do you consider your weakest areas for these kinds of tests?
What are your greatest concerns about taking tests that are not objective tests? Why do you have these concerns?
How would the objective test-taking strategies in this chapter have helped you perform better on those tests? What do you notice now about those tests and the questions that you were not aware of at
Examine two or more objective tests you have taken in any of your classes. Analyze any questions you answered incorrectly. Look for the use of items in a series, modifi ers, negatives, defi nition
Which of the strategies and tips discussed so far in this chapter for answering true-false questions are most helpful for you? Be specifi c and explain your answer.
Some students prefer taking tests that involve objective questions, such as true-false or multiple-choice. Others prefer short-answer tests or essay tests. What are your preferred types of test
Does creating visual notes and study tools affect your level of motivation and confi dence for learning subject matter? Why or why not?
Which visual notetaking systems in this chapter appeal to you the most?Why?
You can read the excerpt used for this visual mapping by going to Exercise 11.2 in Appendix C, page A27.Total: >
Answer the following questions about the “Other Solar System Objects.”a. What are the level-two headings for this visual mapping?b. Which parts of the mapping would you visually memorize as the
Work with a partner. Examine and discuss the visual mapping shown below.
One aspect of metacognition is to select appropriate strategies for specifi c kinds of learning tasks or materials. In what ways do you currently tailor your approach to learning so it refl ects your
What experiences have you already had with creating visual notes, such as visual mappings? Explain your reaction to this form of notetaking.
Explain how an instructor’s lecture style and the content of the lecture affect your choice of notetaking systems to use during class.
What strategies can you use to combat the effects of a discrepancy between the rate of speech and the rate of writing?
Which strategies in this chapter were the most benefi cial for helping you take more effective lecture notes? Be specifi c.
Which strategies in this chapter were the most benefi cial for helping you become a more effective listener? Be specifi c.
If you would like to assess the quality of your notes, use the Exercise 10.4 checklist in Appendix B, page A21.
On your own paper, identify the class, the topic, and the instructor’s name. Then answer the following questions. Turn in your answers with a copy of your lecture notes.a. What problems did you
Your instructor may ask you to use the Instructor Questionnaire that is available for Exercise 10.6 in Appendix B, page A22.
Select any one of your classes you are enrolled in this term. Choose an appropriate notetaking system to use to take notes from one of the lectures in that class.
What are your greatest challenges in taking lecture notes? Do these diffi -culties occur in all lectures or just in lectures for specifi c classes? Be specifi c.
During lectures, on a scale of one to ten with ten representing “highly effective,” how do you rate your effectiveness as an active listener in lecture situations? Explain.
Which notetaking system works best for each of your textbooks? Make a list of all the classes you are enrolled in this term. After carefully examining the textbooks for each class, state which
In what ways does taking textbook notes improve your performance in your classes?
What are the benefi ts you will gain by taking and studying from textbook notes?
What kinds of notes do you currently take when you read your textbooks?Have your textbook notes proven to be effective? Why or why not?
What do active readers do to avoid slipping into automatic pilot when they read textbooks?
When is creating a Customized Reading System appropriate and effective?
Defi ne the steps of SQ4R.
Discuss your results from the Textbook Reading Inventory (Exercise 8.15 on page 241). What did you learn about your current choice of strategies for different textbooks? What changes will you make in
Which skills in this chapter will benefi t you the most in terms of improving your textbook reading and learning performance? Explain with specifi c details.
Write a short summary about the graphic
Create two questions about the details.
Visualize the basic structure of the graphic. After studying the diagram, use a Look-Away Technique. Practice using your visual memory to picture the diagram.
What does the diagram show? Verbalize or explain the fl ow of information in the diagram.
What are the important details in the diagram?
What did you learn by reading the caption?
In a general sense, describe the current process you use to read textbook chapters.
Which of your textbooks is the most challenging for you this term? Explain the kinds of challenges it presents and why the textbook is diffi cult for you to use effectively.
What are the advantages and disadvantages of using mnemonics such as acronyms and acrostics?
Discuss four specifi c test-taking strategies that you can use to boost your test performance.
Explain how associations are used in the fi rst three levels of response for answering test questions.
Discuss specifi c strategies you can use to improve your self-management skills in any one of the four sets of self-management skills presented in this chapter.
What are self-management skills? How do they affect your ability to perform well academically?
In your opinion, what are the fi ve most important strategies to use to become an effective goal setter?
Defi ne spaced practice and explain how using spaced practice assists information processing in working memory.
Why is it important to understand and be able to defi ne course-specifi c terminology?
How does surveying assist working memory?
On a scale of one to ten, with ten showing the most ability, how would you rate your ability to read and understand the textbooks you are currently using? What additional skills do you feel you need
The reading process is complex and cannot be taught in one chapter of a textbook. However, by learning about and applying specifi c reading strategies, you can strengthen your reading skills.What
What type of reading is diffi cult or challenging for you? What specifi c diffi culties do you encounter frequently?
What are your reading habits and interests? How often do you engage in recreational reading? What kinds of materials do you enjoy reading?
How does your attitude toward taking tests affect your ability to perform well? How does your current attitude toward taking tests differ from your attitude at the beginning of the term? Explain with
Which specifi c skills in this chapter will help you the most in terms of preparing for tests, performing well on tests, and managing test anxiety? Discuss at least four skills and include specifi c
Overall, are you satisfi ed or dissatisfi ed with grades you receive on tests?Explain your answer by giving specifi c details.
What specifi c test-preparation techniques do you use regularly because they have proven to be effective for you?
For the majority of test-taking situations you encounter, do you enter the classroom feeling confi dent and well-prepared for the test? Explain your answer.
How do self-management skills affect the operations of working memory?
How does a person’s self-esteem cycle affect his or her self-talk and self-effi cacy?
How can stress management affect concentration, motivation, and procrastination?
How does a person’s level of motivation affect concentration and stress?
How does managing procrastination affect self-esteem?
How will these strategies or techniques benefi t you?
Which strategies or techniques in Chapter 5 will you use to become a more effective self-manager? Be specifi c.
When, and where do you have the most problems concentrating when you study? What techniques can you learn to use more consistently to combat these problems?
What distractors do you encounter most frequently when you study? Be specifi c.
What is your plan of action to implement these strategies in your daily and weekly routines?
Which time-management and goal-setting strategies in this chapter are potentially the most valuable or benefi cial for you? Explain with specifi c details.
What are the most diffi cult times of the day for you to “stay on schedule”?What areas of time management are most diffi cult for you to implement?How can you use time-management strategies to
What are the major adjustments you have had to make in your attitude, behavior, or use of time as you learn to become a more effective time manager? How has your Pie of Life changed since you began
As mentioned on page 81, “None of the twelve Principles of Memory works solely by itself. For example, to use Selectivity, you need to know how to use Big and Little Pictures.” On paper, list all
We have three memory centers: sensory, working, and long-term. In which memory center are the Memory Principles used most actively? Explain your answer.
Are the Twelve Principles of Memory more applicable to specifi c kinds of learning styles? Explain your answer with specifi c details.
What plan of action will you use to incorporate these Memory Principles into your study methods on a more regular basis?
Which Principles of Memory would bring about the greatest changes in your study methods if you used them on a regular basis? Explain with details,including strategies you would add to your study
How do each of the fi rst four Memory Principles (Selectivity, Association, Visualization, and Elaboration) help strengthen your working memory?
Which of the fi rst four Principles of Memory do you use effectively? Give examples to show how you currently use them when you study.
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