| Faculty of Business Administration |
| Course Code: BUS310 |
| Final Revision Week 14 (15/5) |
CHAPTER 6 Q1: Firms expand their operations through diversification. This can be achieved via mergers or acquisitions. Explain the difference between the 2 modes including their motives and limitations with relevant examples. Definition of Mergers & Acquisitions: [SLIDE 22] Motives [SLIDE 23] & Examples: BOOK NOTES [SLIDE 23] Limitations [SLIDE 24] + BOOK NOTES SUMMARY
Q2: Discuss the concept of Vertical Integration and list the 5 issues associated with it with a relevant example. Vertical Integration Definition: BOOK NOTES [SLIDE 10] 5 Issues of Vertical Integration: BOOK NOTES [SLIDE 13] [Only one example is mentioned in the above notes, you may add your own]
CHAPTER 7 Q1: Compare and contrast between the Joint Venture, Strategic Alliance, Licensing and Franchising modes of international expansion. Joint Venture & Strategic Alliance Definitions: BOOK NOTES [SLIDE 21 - CH.6] Motives & Examples: BOOK NOTES [SLIDE 28 CH.6] Limitations: [SLIDE 29 CH.6] Definitions, Advantages, and Disadvantages of Licensing and Franchising: BOOK NOTES [SLIDE 32 CH.7] [Add your own research examples on Licensing and Franchising]
Q2: According to Michael Porter, a nations competitiveness depends on the capacity of its leading industries. Critically discuss Porters diamond of national competitive advantage with supporting examples. BOOK NOTES [SLIDES 5 to 9] + BOOK NOTES of SLIDE 11 [Examples are included within the above notes]
CHAPTER 8 Q1: List and explain the differences that distinguish entrepreneurs from corporate managers. BOOK NOTES [SLIDE 14]
Q2: Firms must understand the Competitive Dynamics of the business to increase their growth. Critically discuss the factors competitors should consider when responding to a competitive act. BOOK NOTES [SLIDE 26] + [SLIDES 29 TO 32]
CHAPTER 9 Q1: Explain the Traditional approach to strategic control and draw its relevant diagram. [SLIDE 5] + BOOK NOTES [SLIDE 6]
Q2: Why are control models essential for strategy implementation? Draw and discuss the Contemporary approach model. Control Models Importance: BOOK NOTES [SLIDE 4] Contemporary Approach: [SLIDE 7] + BOOK NOTES [SLIDE 8] + [SLIDE 9] Informational Control Features: [SLIDE 12] Behavioral Control Features: BOOK NOTES [SLIDE 14] + BOOK NOTES [SLIDE 18]
Q3: Define Corporate Governance and mention its mechanisms. Corporate Governance Definition: BOOK NOTES [SLIDE 25] Mechanisms: BOOK NOTES [SLIDE 27]
Q4: The Agency Theory is a part of the corporate governance control system. Elaborate. Corporate Governance Definition: BOOK NOTES [SLIDE 25] Agency Theory: BOOK NOTES [SLIDE 26]
CHAPTER 11 Q1: Successful leaders recognize 3 interdependent activities that must be continually updated for organizations to succeed. Mention these activities in detail. Setting a Direction, Designing the organization, and Nurturing an excellent and ethical organizational culture: BOOK NOTES [SLIDES 7 to 9]
Q2: To enhance the long-term viability of organizations, leaders need to build a learning organization. What is meant by a Learning Organization? Mention the 5 key elements of a Learning Organization. Learning organizations are defined as organizations that create a proactive, creative approach to the unknown. Such an organization can adapt to change, fostering creativity, and succeeding in highly competitive markets by refreshing strategies and rethinking basic assumptions. The learning environment involves organization-wide commitment to change, an action orientation, and applicable tools and methods. All individuals throughout the organization must be reflective thinkers. Successful learning organizations accumulate & share internal knowledge while also analyzing the external environment (for both competitors and customers). Its 5 Key Elements: [SLIDE 18]
Q3: Define ethics, organizational ethics, and the ethical orientation. BOOK NOTES [SLIDES 24 & 25] _____________________________________________________________
