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business
essentials of strategic management

Questions and Answers of Essentials Of Strategic Management

Discuss and apply strategies for marking or annotating textbook passages.
Discuss the rationale for taking notes and effective strategies to use with all notetaking systems.
Explain and use strategies to read and interpret six kinds of graphic materials.
Defi ne and discuss the seven organizational patterns used to organize details in paragraphs.
Defi ne active reading, and discuss active reading strategies and textbook reading systems to use with college textbooks.
Explain how to identify and use paragraph elements (topics, main ideas, and key details) to strengthen reading skills.
Explain how to survey different kinds of reading materials and why surveying is important.
Explain how to use levels of reading, reading goals, and essential reading strategies when you read college textbooks.
Identify and explain effective strategies for managing test anxiety.
Identify and explain effective strategies for performing well on tests.
Identify and explain effective strategies for preparing for tests.
Defi ne stress and identify strategies and techniques for effective stress management.
Defi ne motivation and discuss factors that affect motivation and strategies to strengthen motivation.
Defi ne concentration and identify strategies to block out distractions and maintain a focused, disciplined mind.
Describe the four kinds of goals defi ned by time required to achieve goals; describe and use the four steps for writing goals.
Create and use effective term, weekly, and daily schedules to manage your time.
Analyze your use of time; identify ways to create balance in your life.
Explain how to use the Memory Principles of Concentration, Recitation, Intention, and Big and Little Pictures.
Explain how to use the Memory Principles of Selectivity, Association, Visualization, and Elaboration.
Use the mnemonic SAVE CRIB FOTO to identify the Twelve Principles of Memor
Identify study skills strategies that strengthen working memory.
Explain how the three memory systems (sensory memory, working memory, and long-term memory) work to process information.
Defi ne the term intelligences and describe the common characteristics of each of Howard Gardner’s eight intelligences.
Identify your linear- or global-learner tendency and discuss how it affects the way you process information.
Identify your preferred cognitive learning style and describe learning strategies you can use to utilize your preferred learning style and strengthen your other modalities.
Describe a leader you see as inspirational? How does he or she inspire and motivate others? What of his or her emotional intelligence do you admire most?
How will you measure your progress in these areas?
Concepts & Connections 10.4 discusses W. L. Gore’s strategy-supportive corporate culture. What are the standout features of Gore’s corporate culture?How does W. L. Gore’s culture contribute to
Concepts & Connections 10.3, provides a sampling of motivational tactics employed by several companies (many of which appear on Fortune ’s list of the“100 Best Companies to Work For” in
Company strategies can’t be implemented or executed well without a number of support systems to carry on business operations. Using your university’s access to LexisNexis or EBSCO, search for
The heart of Toyota’s strategy in motor vehicles is to outcompete rivals by manufacturing world-class, quality vehicles at lower costs and selling them at competitive price levels. Executing this
Go to www.nestle.comand read the company’s latest sustainability report. What are Nestlé’s key environmental sustainability policies? How do these initiatives relate to the company’s
Based on the information provided in Concepts & Connections 9.2 explain how Burt’s Bees’ CSR strategy has contributed to its success in the marketplace. How are its various stakeholder groups
Ikea is widely known for its commitment to business ethics and environmental sustainability. After reviewing the About Ikea section of its website ( www.ikea.com/ms/en_US/about_ikea/index.html ),
Peruse the business group listings for United Technologies shown below and listed at its website ( www.utc.com ). How would you characterize the company’s corporate strategy? Related
Peruse the business group listings for United Technologies shown below and listed at its website ( www.utc.com ). How would you characterize the company’s corporate strategy? Related
Peruse the business group listings for United Technologies shown below and listed at its website ( www.utc.com ). How would you characterize the company’s corporate strategy? Related
See if you can identify the value chain relationships that make the businesses of the following companies related in competitively relevant ways. In particular, you should consider whether there are
Assume you are in charge of developing the strategy for a multinational company selling products in some 50 countries around the world. One of the issues you face is whether to employ a
American Apparel, known for its hip line of basic garments and its provocative advertisements, is no stranger to the concept of “doing it all.” Concepts& Connections 6.3 on page 129 describes how
Live Nation operates music venues, provides management services to music artists, and promotes more than 22,000 live music events annually. The company merged with Ticketmaster and acquired concert
Best Buy is the largest consumer electronics retailer in the United States with 2012 sales of almost $50 billion. The company competes aggressively on price with rivals such as Costco Wholesale,
Using the formulas in the Appendix and the data in your company’s latest financial statements, calculate the following measures of financial performance for your company:a. Operating profit
Review the information in Concepts & Connections 4.1 concerning the value chain average costs of producing and selling an upscale polo shirt and compare this with the representative value chain
Panera Bread operates more than 1,600 bakery-cafés in 44 states and Canada.How many of the four tests of the competitive power of a resource does the store network pass? Explain your answer.
Using the financial ratios provided in the Appendix and the financial statement information for Macy’s, Inc., below, calculate the following ratios for Macy’s for both 2011 and 2012.a. Gross
Based on the strategic group map in Concepts & Connections 3.1, who are Nordstrom’s closest competitors? Between which two strategic groups is competition the strongest? Why do you think no retail
Prepare a brief analysis of the coffee industry using the information provided on industry trade association websites. Based upon information provided on the websites of these associations, draw a
Based on the information provided in Concepts & Connections 2.4, explain how corporate governance at Freddie Mac failed the enterprise’s shareholders and other stakeholders. Which important
Go to the investor relations website for Wal-Mart Stores, Inc., ( http://investors.walmartstores.com ) and review past presentations it has made during various investor conferences by clicking on the
American Airlines’ Chapter 11 reorganization plan filed in 2012 involved the company reducing operating expenses by $2 billion, while increasing revenues by $1 billion. The company’s strategy to
Go to the company investor relations websites for ExxonMobil ( ir.exxonmobil.com ), Pfizer ( www.pfizer.com/investors ), and Intel ( www.intc.com ) to find examples of strategic and financial
Using the information in Tables 2.2 and 2.3 , critique the adequacy and merit of the following vision statements, listing effective elements and shortcomings. Rank the vision statements from best to
Why will your company matter to customers? A complete answer to this question should say something about each of the following:• How will you create customer value?• What will be distinctive
What is your company’s current situation? A substantive answer to this question should cover the following issues:• Does your company appear to be in sound financial condition?• What problems
Elements of eBay’s strategy have evolved in meaningful ways since the company’s founding in 1995. After reviewing all of the links at the company’s investor relations site, which can be found
Go to www.nytco.com/investors and check whether The New York Times ’ recent financial reports indicate that its business model is working. Does the company’s business model remain sound as more
Gain an understanding of how and why a company’s culture can aid the drive for proficient strategy execution.
Gain command of what managers must do to build an organization capable of good strategy execution.
Gain an understanding of the costs of business ethics failures.
Gain command of the analytical tools for evaluating a company’s diversification strategy.
Become aware of the merits and risks of corporate strategies keyed to unrelated diversification.
Gain an understanding of how related diversification strategies can produce cross-business strategic fit capable of delivering competitive advantage.
Gain an understanding of the unique characteristics of competing in developing-country markets.
Gain familiarity with the five general modes of entry into foreign markets.
Gain an understanding of how strategic alliances and collaborative partnerships can bolster a company’s collection of resources and capabilities.
Become aware of the strategic benefits and risks of expanding a company’s horizontal scope through mergers and acquisitions.
Gain command of the major avenues for developing a competitive advantage based on differentiating a company’s product or service offering from the offerings of rivals.
Become adept at mapping the market positions of key groups of industry rivals.
Become aware of the role and responsibility of a company’s board of directors in overseeing the strategic management process
Learn the three tests of a winning strategy.
=+2. Infosys is losing its tag as the bellwether of IT industry in India. Comment with suggestions for improvement.
=+1. Discuss the benefits of adopting HR valuation at Infosys.
=+Identify various techniques and methods and comment on their effectiveness.
=+3. Choose a top-ranking global organization and collect information on use of HR evaluation.
=+2. Discuss the various approaches to HR evaluation with examples.
=+gets managed’ true? Give your arguments.
=+1. What is the rationale behind HRM evaluation? Is the statement ‘what gets measured,
=+3. To understand the metrics and methods of evaluation of individual HRM practices as well as the HRM system
=+2. To identify the various approaches and techniques of HR evaluation
=+1. To understand the concept of strategic HR evaluation
=+and the behaviour exhibited by the employees. How do you explain the situation?
=+2. In light of the concepts of employee relations and engagement, discuss the 26/11 attacks
=+1. What are the key features of Taj’s people philosophy?
=+3. Highlight the major issues and concerns in employee termination. What are some of the ways to improve retention?
=+2. What is employee engagement? Discuss the engagement typology and suggest strategies for managing each category of employee.
=+how the paradigm shift has taken place.
=+1. Discuss the difference between industrial relations and employee relations and examine
=+3. To develop an understanding of the concept of employee termination and identify ways of improving retention
=+2. To understand the meaning and framework of employee engagement and the strategies to improve engagement
=+1. To get familiarized with the concept of employee relations and the shift in its approach
=+management and reward strategy? Suggest ways to overcome the initial hurdles.
=+2. What are the challenges that TCS is likely to face vis-à-vis its new performance
=+1. Discuss the key features of the new business model at TCS. What are its HR implications?
=+it has deployed a traditional or strategic compensation system.
=+ii. Identify the major components of its compensation strategy. Comment on whether
=+a traditional performance evaluation system or strategically linked performance management system.
=+i. Try to look for its performance appraisal process. Analyse whether it is following
=+3. Think of any organization that is considered as a leader in its business segment. Search for information related to the organization and answer the following:
=+2. Discuss the various types of strategic compensation systems. Highlight how strategic compensation drives performance.

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