Questions and Answers of Strategic Management 5th

Why is strategic management considered important for global market competition?
What is the impact of sustainability on business practice?
Define strategic flexibility and explain its implications.Why is organizational learning important to the long-term development of strategic flexibility of organizations that intend to enter overseas
What is a triggering event? List a few triggering events that stimulate strategic changes.
What is the most preferred planning mode of strategic decision-making for organizations competing internationally?
What changes do you think this might cause in the immediate task environment for a business operating within the financial service industry? Look at the Financial Times online for information.
How do these changes impact on corporate, business, and functional level strategies of financial service businesses? Are these changes going to affect you as customers?
How do you think a learning organization would act in this dynamic environment? What survival chances do the stagnant organizations have?
What are the roles and responsibilities of an effective and active Board of Directors?
Explain the role of executive leadership in building the strategic vision in corporations.
Is there a close relationship between the composition of a board of directors and the organizational performance?
Why is the combined Chair/CEO (or Managing Director) positions being increasingly criticized by most management scholars?
What is the role of codetermination? In your opinion, is the incorporation of lower-level employees on the board appropriate?
How should a board of directors be involved in the executive leadership of an organization?
What is hypercompetition? Is the outcome positive for corporations in the IT industry?
What is your opinion of Apple having a code of conduct for its suppliers? What would Milton Friedman say? Contrast his view with Archie Carroll’s view.
Why should a profit-making organization be socially responsible to its various stakeholders?
What is stakeholder analysis? Explain the steps taken to achieve the identification and evaluation.
Why do some employees of an organization behave unethically? Why is it necessary for an organization to develop employees’ ethics?
Explain why environmental analysis is considered to be an important activity for the strategy formulation process of an organization.
How do corporations analyze the societal environment?Is STEEP Analysis an appropriate tool?
Differentiate between fragmented and consolidated industry.
What are the most significant implications of a strategic group analysis of an organization?
How is Porter’s five force framework related to the identification of key success factors?
Explain how using an IFAS table impacts the understanding of a company’s internal resources and capabilities?
How does the resource-based view of firms help in determining the sustainability of a competitive advantage?
How does VRIO framework analysis help in evaluating a company’s competencies?
Why is organizational culture important for a business to effectively formulate its strategy?
How are organizational resources linked to the competitive advantages and corporate performance of an organization?
How is the possession of valuable and scarce resources of an organization related to the planning and formulation of its corporate-level strategy for enhancing its competitive advantages in the
Discuss how industry structure impacts competitive strategy choices.
What are the major sources of competitive advantages of an organization that can be effectively developed to support a cost leadership strategy for competing in the market?
How can an organization develop a competitive advantage internally without the help of outsiders?
Explain the importance of strategic alliances.
How is a diversification strategy related to the sustainable growth and development of an organization?
What are the major factors that an organization needs to analyze before it can consider entering a foreign market?
Explain the vertical integration continuum.
Explain how functional strategies can support an organization’s corporate strategy.
What are the reasons for strategic planners to pay more attention to the importance of planning and implementing an effective pricing strategy in a competitive market?
Explain the new real-options approach used in conditions of high environmental uncertainty.
Identify the common signs that indicate an outsourcing strategy is not executed effectively.
How does a business evaluate its strategic choices?
What are the stages of International Development?
How can an expat program be improved to the benefit of the organization?
Why is strategic flexibility important for strategy formulation when an organisation is at the growth stage?
Staffing decisions are considered an important component of strategic planning and the management process. Why? How is strategy implementation process connected to the decisions resulting from a
Why is it necessary for an organization to align its managers with the corporate strategy to ensure better organizational performance?
Is downsizing a good strategy for revamping an organization’s competitiveness when it is facing major competitive threats in the market?
Can organizations be controlled by culture?Explain.
How is an international staffing strategy different from a domestic one?
What are the unique impacts on a company that must staff in international settings?
Does staffing really follow strategy? Are the job applicants’ knowledge, skills, and abilities the key, or is it the corporate strategy?
Provide local examples to show the relevance of Hofstede’s dimensions in effective staffing and directing.
Why is strategic control important in monitoring the process of strategy implementation?
Why is EVA an important component of the strategic management process?
Is the balanced scorecard a useful tool for developing, controlling and enhancing the strategy implementation process of an organisation? Why or why not?
Discuss the importance of the common-size financial statements in strategic evaluation and control process.
Financial statement analysis is considered useful for students in handling and analyzing case studies.Is this true? Why?
Why is strategic audit recommended in case study analysis for students?
What is strategy?
Explain the key differences between the design school and the learning school.
1. ‘Values are irrelevant to an organization; what’s important is that an company makes increasing profits.’ Discuss.
Identify organizations where their stated values have not matched their actions, and show what, if any, the consequences of this were for the company’s reputation and their revenues.
Select a combination of public and private sector organizations and identify the extent to which their vision and mission statements:i. Are what Rumelt calls ‘template-style strategy’ (see Rumelt
Explain the role that weak signals play in helping managers to understand potential changes in their macro-environment.
Why might PESTLE analysis be particularly appropriate for companies in the oil industry?
‘Scenario planning is little more than an educated guess and therefore irrelevant for companies.’ Discuss.
Develop two plausible scenarios for the UK fast fashion retailer, Boohoo.
Describe the theory of the business on which Blockbuster and Netflix was based. Explain how this resulted in Blockbuster going bankrupt and Netflix dominating film and TV streaming.
What are the five forces and how are they used to analyze an industry?
Explain how the value net and complementors help organizations understand how to add value for customers.
How does strategic group analysis enable a company to understand its competitors?
‘The effect of government policy on industry structure is too pervasive to consider government as a sixth competitive force.’ Discuss.
Use strategic groups to analyse the financial services industry, paying particular attention to what mobility barriers exist, and the trends that are changing this industry.
Why is an organization’s understanding of its value chain important?
How can an organization balance its responsibilities to both shareholders and stakeholders?
Explain why a company might prefer to use a balanced scorecard approach to assess its performance.
Shareholder primacy is the only objective a company should be pursuing.’ Discuss.
What is the value-chain activities for the Spanish retailer Zara? How is Zara able to successfully manage the linkages in its value chain system?
Evaluate the key differences between Porter’s five forces framework and the resource-based view of strategy.
Explain how an understanding of knowledge as a capability might help an organization to achieve competitive advantage.
How does the dynamic capabilities framework improve upon the resource-based view of strategy?
‘First-mover advantages are more important than a company’s capabilities.’ Discuss.
‘It always better to make a product or deliver a service in-house rather than leave it to the market.’ Discuss.
Identify the capabilities that reside inside the Tata Group. To what extent do these capabilities provide Tata with a competitive advantage?
Comment on Michael Porter’s assertion that an organization trying to pursue more than one generic strategy will end up stuck in the middle.
How can pursuing a blue ocean strategy make the competition irrelevant?
Explain how an understanding of disruptive innovation can prevent an incumbent organization from losing its mainstream customers.
‘If markets are hypercompetitive, this makes the use of any business strategy redundant.’ Discuss.
How will Taiwanese company Hon Hai, better known as Foxconn Technology Group, which makes personal computers and smartphones for brands such as Apple, Dell, and Huawei, continue to prosper in the
Why do so many mergers and acquisitions destroy shareholder value?
Explain how the heartland matrix enables a parent company to allocate resources and expertise to the businesses it owns.
If an organization’s portfolio of businesses includes some dogs, what are the options open to it according to the BCG matrix? Are there any circumstances in which a company might be prepared to
‘Joint ventures are not an effective way to share capabilities between companies.’ Discuss.
Choose a company following a conglomerate diversification corporate strategy, such as Berkshire Hathaway, Reliance Industries, or Alibaba. Identify the extent to which its diversification strategy
What are the key arguments for globalization and localization?
What are the advantages and disadvantages of following a multidomestic strategy?
If a company wished to expand abroad, which entry mode strategy might it consider adopting, and why?
Companies with highly competitive domestic markets are more likely to be successful if they expand abroad.’ Discuss.
Are global companies expanding, or are they in retreat? What does the evidence show?

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