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business
management leadership

Questions and Answers of Management Leadership

How could a strategist’s attitude toward social responsibility affect a firm’s strategy? On a 1 to 10 scale ranging from Nader’s view to Friedman’s view, what is your attitude toward social
How do social policies on retirement differ in various countries around the world?
Firms should formulate and implement strategies from an environmental perspective. List eight ways firms can do this.
Discuss the major requirements of an EMS under ISO 14001.
Explain why consumption patterns are becoming similar worldwide. What are the strategic implications of this trend?
What are the advantages and disadvantages of beginning export operations in a foreign country?
What are the major differences between U.S. and multinational operations that affect strategic management?
Why is globalization of industries a common factor today?
Compare and contrast U.S. versus foreign cultures in terms of doing business.
List six reasons that strategic management is more complex in a multinational firm.
Do you feel that protectionism is good or bad for the world economy? Why?
Why are some industries more “global” than others? Discuss.
Wa, guanxi, and inhwa are important management terms in Japan, China, and South Korea, respectively. What would be analogous terms to describe American management practices?
Think of a company that would operate best in your opinion in a division-by-services organizational structure. Explain your reasoning.
Why do many Europeans find the notion of “team spirit” in a work environment difficult to grasp?
In China, feng shui is important in business, whereas in Japan, nemaswashio is important. What are analogous American terms and practices?
What are the two major disadvantages of an SBU-type organizational structure? What are the two major advantages? At what point in a firm’s growth do you feel the advantages offset the
Describe the business culture in Mexico.
Describe the business culture in Japan.
In order of importance in your opinion, list six advantages of a matrix organizational structure.
Compare tax rates in the United States versus other countries. What impact could these differences have on “keeping jobs at home”?
Discuss requirements for doing business in India.
Why should division head persons have the title president rather than vice president?
Is Six Sigma more a restructuring or reengineering management technique? Why?
Compare and contrast profit sharing with gain sharing as employee performance incentives.
List three resistance to change strategies. Give an example when you would use each method or approach.
In order of importance in your opinion, list six techniques or activities widely used to alter an organization’s culture.
What are the benefits of establishing an ESOP in a company?
List reasons why it is important for an organization not to have a “glass ceiling”.
Allocating resources can be a political and an ad hoc activity in firms that do not use strategic management. Why is this true? Does adopting strategic management ensure easy resource allocation?
Explain why it is appropriate for Ratings in an EFE Matrix to be 1, 2, 3, or 4 for any opportunity or threat.
Compare strategy formulation with strategy implementation in terms of each being an art or a science.
Why is inclusion of about 20 factors recommended in the EFE Matrix rather than about 10 factors or about 40 factors?
In developing an EFE Matrix, would it be advantageous to arrange your opportunities according to the highest weight, and do likewise for your threats? Explain.
In developing an EFE Matrix, would it be best to have 10 opportunities and 10 threats, or would 17 opportunities (or threats) be fine with 3 of the other to achieve a total of 20 factors as desired?
Could/should critical success factors in a CPM include external factors? Explain.
Explain how to conduct an external strategic-management audit.
Identify a recent economic, social, political, or technological trend that significantly affects the local Pizza Hut.
Discuss the following statement: Major opportunities and threats usually result from an interaction among key environmental trends rather than from a single external event or factor.
Identify two industries experiencing rapid technological changes and three industries that are experiencing little technological change. How does the need for technological forecasting differ in
Use Porter’s Five-Forces Model to evaluate competitiveness within the U.S. banking industry.
What major forecasting techniques would you use to identify (1) economic opportunities and threats and (2) demographic opportunities and threats? Why are these techniques most appropriate?
How does the external audit affect other components of the strategic-management process?
As the owner of a small business, explain how you would organize a strategic-information scanning system. How would you organize such a system in a large organization?
Construct an EFE Matrix for an organization of your choice.
Make an appointment with a librarian at your university to learn how to use online databases. Report your findings in class.
Give some advantages and disadvantages of cooperative versus competitive strategies.
As strategist for a local bank, explain when you would use qualitative versus quantitative forecasts.
What is your forecast for interest rates and the stock market in the next several months? As the stock market moves up, do interest rates always move down? Why? What are the strategic implications of
Explain how information technology affects strategies of the organization where you worked most recently.
Let’s say your boss develops an EFE Matrix that includes 62 factors. How would you suggest reducing the number of factors to 20?
Discuss the ethics of gathering competitive intelligence.
Discuss the ethics of cooperating with rival firms.
Visit the SEC Web site at www.sec.gov, and discuss the benefits of using information provided there.
Do you agree with I/O theorists that external factors are more important than internal factors to a firm’s achieving competitive advantage? Explain both your and their position.
Define, compare, and contrast the weights versus ratings in an EFE Matrix.
Develop a Competitive Profile Matrix for your university. Include six factors.
List the 10 external areas that give rise to opportunities and threats.
Identify a long-term objective and two supporting annual objectives for a familiar organization.
List three firms you are familiar with and give a distinctive competence for each firm.
Give some key reasons why prioritizing strengths and weaknesses is essential.
Identify and discuss three policies that apply to your present strategic-management class.
Why may it be easier in performing an internal assessment to develop a list of 80 strengths/weaknesses than to decide on the top 20 to use in formulating strategies?
Think of an organization you are very familiar with. Lit three resources of that entity that are empirical indicators.
Explain the following statement: Horizontal consistency of goals is as important as vertical consistency.
Think of an organization you are very familiar with. Rate that entity’s organizational culture on the 15 example dimensions listed in Table 4-2.
If you and a partner were going to visit a foreign country where you have never been before, how much planning would you do ahead of time? What benefit would you expect that planning to provide?
Describe several reasons why conflict may occur during objective-setting activities.
Even though planning is considered the foundation of management, why do you think it is commonly the task that managers neglect most?
Are you more organized than the person sitting beside you in class? If not, what problems could that present in terms of your performance and rank in the class? How analogous is this situation to
In your opinion, what approaches to conflict resolution would be best for resolving a disagreement between a personnel manager and a sales manager over the firing of a particular salesperson? Why?
List the three ways that financial ratios should be compared/utilized. Which of the three comparisons do you feel is most important? Why?
Describe the organizational culture of your college or university.
Explain why organizational structure is so important in strategy implementation.
In your opinion, how many separate divisions could an organization reasonably have without using an SBU-type organizational structure? Why?
Would you recommend a divisional structure by geographic area, product, customer, or process for a medium-sized bank in your local area? Why?
What are the advantages and disadvantages of decentralizing the wage and salary function of an organization? How could this be accomplished?
As production manager of a local newspaper, what problems would you anticipate in implementing a strategy to increase the average number of pages in the paper by 40 percent?
Do you believe expenditures for childcare or fitness facilities are warranted from a cost/benefit perspective? Why or why not?
Explain why successful strategy implementation often hinges on whether the strategy-formulation process empowers managers and employees.
Discuss the glass ceiling in the United States, giving your ideas and suggestions.
Discuss three ways discussed in this book for linking performance and pay to strategies.
List the different types of organizational structure. Diagram what you feel is the most complex of these types of structure and label your chart clearly.
List the advantages and disadvantages of a functional versus a divisional organizational structure.
Discuss recent trends among women and minorities becoming top executives in the United States.
Discuss recent trends of firms downsizing family-friendly programs.
Research the latest developments in the class action lawsuit involving women managers versus Wal-Mart stores and report your findings to the class.
List seven guidelines to follow in developing an organizational chart.
Review a company’s Web site that you are familiar with. Discuss the extent to which that organization has instituted the new principles of marketing according to Parise, Guinan, and Weinberg.
For companies in general, identify and discuss three opportunities and three threats associated with social networking activities on the Internet.
Do you agree or disagree with the following statement? “Television viewers are passive viewers of ads, whereas Internet users take an active role in choosing what to look at-so customers on the
Illustrate how value chain activities can become core competencies and eventually distinctive competencies. Give an example for an organization you are familiar with.
In an IFEM, would it be advantageous to list your strengths, and then your weaknesses, in order of increasing “weight”? Why?
In an IFEM, a critic may say there is no significant different between a “weight” of 0.08 and 0.06. How would you respond?
List six desirable characteristics of advertisements in recessionary times.
Why are so many firms cutting their dividend payout amounts?
When someone says dividends paid are double taxed, what are they referring to?
How important or relevant do you believe “purpose-based marketing” is for organizations today?
Draw a breakeven chart to illustrate a drop in labor costs.
Draw a breakeven chart to illustrate an increase in advertising expenses.

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