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business
strategic management concepts and cases

Questions and Answers of Strategic Management Concepts And Cases

Identify the benefits and drawbacks of merging with another firm.
Define and discuss secondary buyouts and dividend recapitalizations.
What is a business-level strategy?
Describe the risks of using each of the business-level strategies
Use the five forces of competition model to explain how above-average returns can be earned through each business-level strategy.
Explain the differences among business-level strategies.
Discuss the relationship between customers and business-level strategies in terms of who, what, and how.
Define business-level strategy.
What makes one team successful while another team struggles?At first glance, a National Football League franchise or women’s National Basketball Association team may not seem like a typical
What is outsourcing? Why do firms outsource? Will outsourcing’s importance grow in the twenty-first century? If so, why?
What is value chain analysis? What does the firm gain when it successfully uses this tool?
What are the four criteria used to determine which of a firm’s capabilities are core competencies? Why is it important for these criteria to be used?
What are capabilities? What must firms do to create capabilities?
What are the differences between tangible and intangible resources? Why is it important for decision makers to understand these differences? Are tangible resources linked more closely to the creation
Discuss the importance of identifying internal strengths and weaknesses.
Define outsourcing and discuss reasons for its use.
Explain how value chain analysis is used to identify and evaluate resources and capabilities.
Describe four criteria used to determine whether resources and capabilities are core competencies.
Define capabilities and discuss their development.
Describe the differences between tangible and intangible resources.
Define value and discuss its importance.
Explain why firms need to study and understand their internal organization.
List six desired results of “ethics training programs,”in terms of recommended business ethics policies or procedures in the firm.
Nestle Sa has done really well in 2011–2013. Visit their corporate website and determine if business ethics and sustainability issues may be key reasons for their success.
How Do You rate nestlé’s Sustainability efforts?
How Do You rate adidas ag’s Sustainability efforts?
Compare adidas ag versus nike on Social responsibility
How Does My Municipality compare to Others on Being Pollution-Safe?
Discuss recent trends in bribery law.
Explain ISO 14000 and 14001.
Discuss specific ways that firms can be good stewards of the natural environment.
Discuss the nature and role of corporate sustainability reports.
Explain why whistle-blowing is important to encourage in a firm.
Explain how firms can best ensure that their code of business ethics guides decision making instead of being ignored.
Explain why good ethics is good business in strategic management.
3. Is Gap’s approach to social responsibility based on obligation, responsibility, or responsiveness? Support your answer.
2. Do you think Gap’s conversion of social responsibility policies into action is in phase 1, phase 2, or phase 3? Explain.
1. Should Gap publicly report its social responsibility results in detail, even if every objective hasn’t been completely achieved?
3. Assuming Verizon has such a responsibility, in what instances would it be relatively difficult for the company to be committed to living up to it?
2. Assuming Verizon has such a responsibility, in what instances would it be relatively easy for the company to be committed to living up to it?
1. Do you think Verizon has a responsibility to support education and safety in the communities in which it does business?Explain.
3. Which management approach to meeting social obligations is being used by Szaky and TerraCycle?
2. Using the Davis Model, discuss which of the five propositions of corporate responsibility you think are most applicable to TerraCycle.
1. What argument does Tom Szaky use for his business performing socially responsible activities?
6. Do you think it’s worthwhile for managers to build sustainable organizations? Why? How would you do it?
5. What’s the relationship between social responsibility and ethics?
4. How can society help business meet social obligations?
3. As a manager, would you use the social obligation, the social responsibility, or the social responsiveness approach in meeting your organization’s social responsibilities? Why?
2. What is your personal position about businesses performing social responsibility activities now that you have studied the arguments “for” and “against” as presented in the chapter?
1. What are the five propositions of the Davis Model of corporate social responsibility? Which proposition would be the most valuable to you as a manager in guiding your social responsibility focus
Is Verizon enhancing the overall quality of life in the communities in which it does business? (societal)
Is Verizon reducing its carbon footprint, minimizing energy use, or otherwise improving the natural environment through its work methods? (environmental)
Is Verizon performing profitably and providing a fair return to stakeholders? (economic)
3. Social responsiveness approach
2. Social responsibility approach
1. Social obligation approach
5. Attempts to measure the cost of social programs as well as the return on social program investments.S. Prakash Sethi presents three management approaches to meeting social obligations:26
4. Experiments with different approaches for measuring social performance.
3. Presents reports to organization members, the board of directors, and stockholders on social responsibility progress.
2. Seeks comparative industry norms for social programs.
1. Incorporates social goals into the annual planning process.
7B. Can we subcontract the activity to parties that possess the required competence?
7A. Can we acquire needed competence through training or recruitment?
7. Do we possess the managerial competence to do the job?
6. Can we bear the cost of this action?
5. Could this action be better handled by other parties who are willing to undertake the task?
4A. Can subcontracting or other means reduce the cost to a net beneficial level?
4. Do benefits outweigh costs?
3. Does an assessment of all interests indicate that the action is desirable?
2. Does the firm have a right to undertake this action?
1. Does a social responsibility really exist in this case?
3. Approaches to meeting social responsibilities
2. Social responsiveness and decision making
1. Determining whether a social responsibility exists
As described in the chapter, entrepreneurship is a global phenomenon.However, innovativeness varies from country to country, as does the infrastructure to support new business development.These
How does strategic entrepreneurship help firms to create value?
Explain how strategic entrepreneurship helps firms create value.
Describe how firms use acquisitions as a means of innovation.
Explain how firms use cooperative strategies to innovate.
Describe how firms internally develop innovations.
Explain international entrepreneurship and its importance.
Describe entrepreneurs and the entrepreneurial mind-set.
Define invention, innovation, and imitation, and describe the relationship among them.
Define entrepreneurship and entrepreneurial opportunities and explain their importance.
Define strategic entrepreneurship and corporate entrepreneurship.
What is a strategic network? What is a strategic center firm?
Define strategic networks and discuss how strategic center firms implement such networks at the business, corporate, and international levels.
Discuss the organizational structures used to implement three international strategies.
Explain the use of three versions of the multidivisional (M-form) structure to implement different diversifi cation strategies.
Discuss the functional structures used to implement business-level strategies.
Describe the relationship between strategy and structure.
Define organizational structure and controls and discuss the difference between strategic and fi nancial controls.
Governance mechanisms are considered to be effective if they meet the needs of all stakeholders, including shareholders. As an investor, how much weight, if any, do you place on a firm’s corporate
How can corporate governance foster ethical strategic decisions and behaviors on the part of managers as agents?
What is the nature of corporate governance in Germany and Japan as well as in emerging economies?
What is the market for corporate control? What conditions generally cause this external governance mechanism to become active? How does the mechanism constrain top executives’ decisions and actions?
What is an agency relationship? What is managerial opportunism?What assumptions do owners of modern corporations make about managers as agents?
What does it mean to say that ownership is separated from managerial control in the modern corporation? Why does this separation exist?
Describe how corporate governance fosters ethical strategic decisions and the importance of such behaviors on the part of top-level executives.
Discuss the use of corporate governance in international settings, especially in Germany and Japan.

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