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business
strategic management concepts and cases
Questions and Answers of
Strategic Management Concepts And Cases
Is the plan improving communication? Do employees know more than they used to about the company’s mission, plans, and objectives?
Do employees understand the plan? can participants explain how it works and what they need to do to earn the incentive?
Does the plan capture attention? are people talking more about their activities and taking pride in early successes under the plan?
explain how HP should conduct market segmentation.
What transaction is the link between the projected income statement and the projected balance sheet?
Differentiate between capital surplus and additional paid in capital on a balance sheet.
What amount of dividends did royal Dutch Shell pay in 2013? How much of 2013’s earnings did Shell reinvest back into the company?
Describe how to modify an organizational culture to support new strategies.
Discuss employee stock ownership plans (ESOPs) as a strategic-management concept.
Explain how a firm can effectively link performance and pay to strategies.
Describe the relationship between production/operations and strategy implementation.
Discuss the importance of annual objectives and policies in achieving organizational commitment for strategies to be implemented.
Explain why strategy implementation is more difficult than strategy formulation.
Explain why corporate wellness has become so important in strategic planning.
Construct an effective organizational chart.
Disagreements about the business-level strategy a firm’s managers have chosen to implement is one of the often cited reasons stock-holders decide to launch a proxy battle. One of the benefits for
Disagreements about the business-level strategy a firm’s managers have chosen to implement is one of the often cited reasons stock-holders decide to launch a proxy battle. One of the benefits for
One of the competitive realities of the market in the 21st century is that very few firms can succeed by emphasizing only cost or differentiation.When considering the value chain tool developed by
One of the competitive realities of the market in the 21st century is that very few firms can succeed by emphasizing only cost or differentiation.When considering the value chain tool developed by
Discuss the relationship between customers and business-level strategies in terms of who,what, and how.
Black Canyon Coffee is a Bangkok-based company that operates a chain of coffee shops. Black Canyon differentiates itself from other coffee chains (e.g., Starbucks, Caribou, Gloria Jeans) by offering
Name and describe two major risks of international diversification.
The firms listed below have different core competencies. All are clear leaders in their industries, although all also have strong rivals.In the first part of this exercise, you will research one of
Outsourcing has become increasingly popular. As discussed in this chapter, one of the major concerns firms should have with outsourcing is the relationship between its core competencies and the task
Explain the effects of international diversification on firm returns and innovation.
How has the firm been able to sustain this competitive advantage in such a competitive marketplace Athletic footwear is a market where one often thinks of Nike as the dominant firm with clear
What is the firm’s source of competitive advantage? Athletic footwear is a market where one often thinks of Nike as the dominant firm with clear competitive advantages over its rivals.But if this
How do firms identify internal strengths and weaknesses? Why is it vital that firms base their strategy on such strengths and weaknesses?
What is outsourcing? Why do firms outsource? Will outsourcing’s importance grow in the 21st century? If so, why?
Name and describe the five alternative modes for entering international markets.
Why is it important for a firm to study and understand its internal environment?
Define outsourcing and discuss the reasons for its use.
Discuss the environmental trends affecting international strategy, especially liability of foreignness and regionalization.
Define capabilities and discuss how they are developed.
Explain the need for firms to study and understand their internal environment.
Describe the three international corporate-level strategies: multi domestic, global, and transnational.
Explore the four factors that provide a basis for international business-level strategies.
Identify the four major benefits of an international strategy.
Explain traditional and emerging motives for firms to pursue international diversification.
List in order of importance what you feel are the six major advantages of a weak euro for a european-based firm headquartered in a country that has the euro as its currency.
contact your college library. ask if they have the S&P industry Surveys in hardcopy in the library. if they do, print out the relevant report for a company that you familiar with.
explain how wireless technology is impacting four industries.
Summarize what chapter 7 says at the end, regarding competitive advantage whenever someone is presenting an eFe Matrix and cPM as part of a case analysis or strategic plan.
Does the arab Spring—unfolding in the Middle east—represent more of an opportunity or threat to companies? explain.
the size of american labor unions have fallen sharply in the last decade, mostly due to the erosion of the U.S.manufacturing base. How does the situation in europe compare to the United States in
a political debate, raging in the United States, concerns sales taxes on the internet. Most states do not collect a sales tax. Brick and mortar businesses think this is unfair. How does the situation
Of the many competitors it has, which firm do you think worries Michelin most about? Why? Prepare a cPM that includes Michelin and the rival firm you identified.
Michelin has been very successful in the last decade.in your opinion, what strategy changes would Michelin need in 2014?
Decide whether the collective strength of the elements is worth the firm entering or staying in the industry.
evaluate how strong and important each element is for the firm.
identify key aspects or elements of each competitive force that impact the firm.
to what extent could substitute products or services be a threat to competitors in this industry?
What is the nature of supplier and distributor relationships in this industry?
How have the sales and profit rankings of major competitors in the industry changed over recent years? Why have these rankings changed that way?
What key factors have resulted in our present competitive position in this industry?
to what extent are new firms entering and old firms leaving this industry?
How are our products or services positioned relative to major competitors?
How vulnerable are our alternative strategies to successful counterattack by our major competitors?
How vulnerable are the major competitors to our alternative company strategies?
How will the major competitors most likely respond to current economic, social, cultural, demographic, environmental, political, governmental, legal, technological, and competitive trends affecting
What are the major competitors’ objectives and strategies?
What are the major competitors’ weaknesses?
What are the major competitors’ strengths?
Discuss market commonality and resource similarity in relation to competitive analysis.
Discuss the importance of gathering competitive intelligence.
Explain how to develop a Competitive Profile Matrix.
Explain how to develop an EFE Matrix.
Discuss the importance of monitoring external trends and events.
Discuss important forecasting tools used in strategic management.
Describe key sources of external information.
Discuss 10 major external forces that affect organizations: economic, social, cultural, demographic, environmental, political, governmental, legal, technological, and competitive.
Describe how to conduct an external strategic-management audit.
Discuss the nature and role of labor unions in the USA as a corporate strategic issue.
Gap Inc. opened with a single store in 1969. Located near San Francisco State University, Gap initially sold only Levi’s blue jeans, along with tapes and records. The company soon expanded its
Why are acquisition strategies popular in many firms competing in the global economy?
Explain the short- and long-term outcomes of the different types of restructuring strategies.
Define the restructuring strategy and distinguish among its common forms.
Name and describe attributes of effective acquisitions.
Describe seven problems that work against developing a competitive advantage using an acquisition strategy.
Discuss reasons why firms use an acquisition strategy to achieve strategic competitiveness.
Explain the popularity of acquisition strategies in firms competing in the global economy.
identify three companies that use outsourcing effectively. explain how and why those firms utilize this management approach.
elaborate on this chapter’s “Special note to Students”at the end, in terms of giving a case analysis presentation.
explain how strategic planning differs across types and sizes of firms.
give three hypothetical examples of firms being a “first mover.”
When should a firm diversify?
Why can firms generally not pursue several or many of the strategies presented in this chapter?
List three industries when cooperation among competitors is most likely and explain why.
For adidas, what two strategies do you feel is best for that company to pursue going forward? Why?
Discuss recent trends in outsourcing and reshoring.
Explain the first mover advantages concept.
Discuss the levels of strategies in large versus small firms.
Compare and contrast financial with strategic objectives.
Discuss the nature and role of joint ventures in strategic planning.
Describe strategic management in nonprofit, governmental, and small organizations.
Discuss Porter’s five generic strategies.
Discuss guidelines when particular strategies are most appropriate to pursue.
Identify numerous examples of organizations pursuing different types of strategies.
Identify 16 types of business strategies.
Discuss the value of establishing long-term objectives.
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