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management leadership

Questions and Answers of Management Leadership

List three limitations of the SWOT Matrix and analysis.
For the following three firms using the given factors, calculate a reasonable Stability Position (SP) coordinate to go on the SPACE Matrix axis, given what you know about the nature of
Would the angle or degrees of the vector in a SPACE Matrix be important in generating alternative strategies? Explain.
On the competitive position (CP) axis of a SPACE Matrix, what level of capacity utilization would be necessary for you to give the firm a negative 1? Negative 7? Why?
If a firm has weak financial position and competes in an unstable industry, in which quadrant will the SPACE vector lie?
Describe a situation where the SPACE analysis would have no vector. In other words, describe a situation where the SPACE analysis coordinate would be (0,0). What should an analyst do in this
Develop a BCG Matrix for your university. Because your college does not generate profits, what would be a good surrogate for the pie slice values? How many circles do you have and how large are
In a BCG Matrix, would the Question Mark quadrant or the Cash Cow quadrant be more desirable? Explain.
Would a BCG Matrix and analysis be worth performing if you do not know the profits of each segment? Why?
What major limitations of the BCG Matrix does the IE Matrix overcome?
In an IE Matrix, do you believe it is more advantageous for a division to be located in quadrant II or IV? Why?
Develop a 2 × 2 × 2 QSPM for an organization of your choice (i.e., two strengths, two weaknesses, two opportunities, two threats, and two strategies). Follow all the QSPM guidelines presented in
Give an example of “equifinality” as defined in the chapter.
Do you believe the reasons to disclose by-segment financial information offset the reasons not to disclose by-segment financial information? Explain why or why not.
How would application of the strategy-formulation framework differ from a small to a large organization?
What types of strategies would you recommend for an organization that achieves total weighted scores of 3.6 on the IFE and 1.2 on the EFE Matrix?
Given the following information, develop a SPACE Matrix for the XYZ Corporation:FP = +2;SP = -6;CP = -2;IP = +4.
Given the information in the table below, develop a BCG Matrix and an IEMatrix.
Explain the steps involved in developing a QSPM.
How would you develop a set of objectives for your school of business?
What do you think is the appropriate role of a board of directors in strategic management? Why?
Discuss the limitations of various strategy-formulation analytical techniques.
Explain why cultural factors should be an important consideration in analyzing and choosing among alternative strategies.
How are the SWOT Matrix, SPACE Matrix, BCG Matrix, IE Matrix, and Grand Strategy Matrix similar? How are they different?
How would profit and nonprofit organizations differ in their applications of the strategy-formulation framework?
Develop a SPACE Matrix for a company that is weak financially and a weak competitor. The industry for this company is pretty stable but the industry’s projected growth in revenues and profits is
List 4 limitations of a BCG Matrix.
Make up an example to show clearly and completely that you can develop an IE Matrix for a 3 division company, where each division has $10, $20, and $40 in revenues, and $2, $4, and $1 in profits.
What procedures could be necessary if the SPACE vector falls right on the axis between the Competitive and Defensive quadrants?
In a BCG Matrix or the Grand Strategy Matrix, what would you consider to be a rapid market (or industry) growth rate?
What are the pros and cons of a company (and country) participating in a Sustainability Report?
How does the Sarbanes-Oxley Act of 2002 impact boards of directors?
Rank Business Week’s “principles of good governance” from 1 to 14 (1 being most important and 14 least important) to reveal your assessment of these new rules.
Why is it important to work row by row instead of column by column in preparing a QSPM?
Why should one avoid putting double 4’s in a row in preparing a QSPM?
Envision a QSPM with no weight column. Would that still be a useful analysis? Why or why not? What do you lose by deleting the weight column?
Prepare a BCG Matrix for a two division firm with sales of 5 and 8 versus profits of 3 and 1 respectively. State assumptions for the RMSP and IGR axes to enable you to construct the diagram.
Consider developing a before and after BCG or IE Matrix to reveal the expected results of your proposed strategies. What limitation of the analysis would this procedure somewhat overcome?
If a firm has the leading market share in its industry, where on the BCG Matrix would the circle lie?
If a firm competes in a very unstable industry such as telecommunications, where on the ES axis of the SPACE Matrix would you plot the appropriate point?
Why do you feel the SWOT Matrix is the most widely used of all strategy matrices?
The strategy templates described at www.strategyclub.com have templates for all of the Chapter 6 matrices. How could those templates be useful in preparing an example BCG or IE Matrix?
In the project environment, cause-and-effect relationships are almost always readily apparent. Good project management will examine the effect in order to better understand the cause and possibly
Because of the individuality of people, there always exist differing views of what management is all about. Below are lists of possible perspectives and a selected group of organizational members.
Consider an organization that is composed of upper-level managers, middle- and lower-level managers, and laborers. Which of the groups should have first insight that an organizational restructuring
How would you defend the statement that a project manager must help himself?
Will project management work in all companies? If not, identify those companies in which project management may not be applicable and defend your answers.
In a project organization, do you think that there might be a conflict in opinions over whether the project managers or functional managers contribute to profits?
What attributes should a project manager have? Can an individual be trained to become a project manager? If a company were changing over to a project management structure, would it be better to
Do you think that functional managers would make good project managers?
What types of projects might be more appropriate for functional management rather than project management, and vice versa?
Do you think that there would be a shift in the relative degree of importance of the following terms in a project management environment as opposed to a traditional management environment?a. Time
Classical management has often been defined as a process in which the manager does not necessarily perform things for himself, but accomplishes objectives through others in a group situation. Does
Which of the following are basic characteristics of project management?a. Customer problemb. Responsibility identificationc. Systems approach to decision-makingd. Adaptation to a changing
Project managers are usually dedicated and committed to the project. Who should be “looking over the shoulder” of the project manager to make sure that the work and requests are also in the best
Is project management designed to transfer power from the line managers to the project manager?
Explain how career paths and career growth can differ between project-driven and non–project-driven organizations. In each organization, is the career path fastest in project management, project
Explain how the following statement can have a bearing on who is ultimately selected as part of the project team: “There comes a time in the life cycle of all projects when one must shoot the
How do you handle a situation where the project manager has become a generalist, but still thinks that he is an expert?
Can the organizational chart of a company be considered as a systems model? If so, what kind of systems model?
Do you think that someone could be a good systems manager but a poor project manager? What about the reverse situation? State any assumptions that you may have to make.
Can we consider R&D as a system? If so, under what circumstances?
For each of the following projects, state whether we are discussing an open, closed, or extended system:a. A high-technology projectb. New product R&Dc. An on-line computer system for a bankd.
Can an entire organization be considered as a model? If so, what type?
Systems can be defined as a combination or interrelationship of subsystems. Does a project have subsystems?
If a system can, in fact, be broken down into subsystems, what problems can occur during integration?
How could suboptimization occur during systems thinking and analysis?
Would a cost-benefit analysis be easier or harder to perform in a traditional or project management organizational structure?
What impact could the product life cycle have on the selection of the project organizational structure?
In the development of a system, what criteria should be used to determine where one phase begins and another ends and where overlap can occur?
Consider the following expression: “Damn the torpedoes: full-speed ahead.” Is it possible that this military philosophy can be applied to project management and lead to project success?
Much has been written about how to identify and interpret signs that indicate that a new organizational form is needed. Grinnell and Apple have identified five signs in addition to those previously
One of the most difficult problems facing management is that of how to minimize the transition time between changeover from a purely traditional organizational form to a project organizational form.
Do you think that personnel working in a project organizational structure should undergo “therapy” sessions or seminars on a regular basis so as to better understand their working environment? If
Which organizational form would be best for the following corporate strategies? a. Developing, manufacturing, and marketing many diverse but interrelated technological products and materialsb. Having
Do you think that documenting relationships is necessary in order to operate effectively in any project organizational structure? How would you relate your answer to a statement made in the previous
In general, how could each of the following parameters influence your choice for an organizational structure? Explain your answers in as much depth as possible.a. The project costb. The project
In general, what are the overall advantages and disadvantages of superimposing one organizational form over another?
In deciding to go to a new organizational form, what impact should the capabilities of the following groups have on your decision?a. Top managementb. Middle managementc. Lower-level management
Should a company be willing to accept a project that requires immediate organizational restructuring? If so, what factors should it consider?
Table 2–6 identifies the different life cycles of programs, projects, systems, and products. For each of the life cycles’ phases, select a project organizational form that you feel would work
A major steel producer in the United States uses a matrix structure for R&D. Once the product is developed, the product organizational structure is used. Are there any advantages to this setup?
A major American manufacturer of automobile parts has a division that has successfully existed for the past ten years with multiple products, a highly sophisticated R&D section, and a pure
Several authors contend that technology suffers in a pure product organizational form because there is no one group responsible for long-range planning, whereas the pure functional organization tends
Below are three statements that are often used to describe the environment of a matrix. Do you agree or disagree? Defend your answer.a. Project management in a matrix allows for fuller utilization of
Assume that you have to select a project organizational form for a small company. For each form described in this chapter, discuss the applicability and state the advantages and disadvantages as they
How would each person identified below respond to the question, “How many bosses do you have?”a. Project managerb. Functional team memberc. Functional manager
If a project were large enough to contain its own resources, would a matrix organizational form be acceptable?
One of the most common reasons for not wanting to adopt a matrix is the excessive administrative costs and accompanying overhead rates. Would you expect the overhead rates to decrease as the matrix
Which type of organizational structure is best for R&D personnel to keep in touch with other researchers?
Which type of organizational form fosters teamwork in the best manner?
Canadian bankers have been using the matrix organizational structure to create “banking general managers” for all levels of a bank. Does the matrix structure readily admit itself to a banking
A major utility company in Cleveland has what is commonly called “fragmented” project management, where each department maintains project managers through staff positions. The project managers
Some organizational structures are considered to be “project-driven.” Define what is meant by “project-driven.” Which organizational forms described in this chapter would fall under your
Are there any advantages to having a single project engineer as opposed to having a committee of key functional employees who report to the director of engineering?
The major difficulty in the selection of a project organizational form involves placement of the project manager. In the evolutionary process, the project manager started out reporting to a
Ralph is a department manager who is quite concerned about the performance of the people beneath him. After several months of analysis, Ralph has won the acceptance of his superiors for setting up a
A large electronics corporation has a multimillion dollar project in which 90 percent of the work stays within one division. The division manager wants to be the project manager. Should this be
The internal functioning of an organization must consider:The demands imposed on the organization by task complexityAvailable technologyThe external environmentThe needs of the organizational
Project managers, in order to get the job accomplished, need adequate organizational status and authority. One corporate executive contends that an organizational chart such as that in Figure 3–6

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