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business
strategic management 5th
Strategic Management A Competitive Advantage Approach Concepts And Cases 16th Edition Fred R David, Forest R. David - Solutions
Write an excellent sentence for Samsung, which includes four mission statement components.
Write a vision and mission statement for a local restaurant in your area.
In order of importance, rank seven characteristics of a mission statement.
List the nine mission statement components. Give an example of each component for your college or university.
Define “reconciliatory” and give an example of how this “characteristic” can be met in a mission statement.
Only the fairytale ends with a “they lived happily ever after.” What is the relevance of this statement to the concepts vision and mission statement?
In order of importance, list six benefits of having a clearly defined vision and mission statement.
How and why could the process of developing a vision and mission statement vary across countries?
Search the web for six mission statement examples. Evaluate the six statements and bring your analysis to class.
If you just purchased a 10-employee company, how would you establish a clear vision and mission?
Write a vision statement for your university. Write a vision statement for your School (or College) of Business within the university.
Conduct a Google search for the key words “mission statement.” What are the two best websites in your opinion that provide example mission statements?
List three things you are on a mission to accomplish in the next three years. How relevant is the concept of vision/mission to an individual in their personal and professional life? Explain.
Should the mission statement components vary in importance depending on type of business? If yes, how would their relative importance vary for Samsung versus Singapore Airlines?
See if you can find a vision statement for Samsung. If not, write a proposed vision statement for the company.
Summarize Samsung’s successful global strategy for the last decade. Can that strategy be as successful in 2016? Explain.
Develop (or find) a mission statement for Samsung Electronics. Analyze the company’s mission statement in light of the guidelines in Chapter 4.
Does Tiger Brand pursue a cost leadership, differentiation, or focus strategy? Evaluate its strategic approach in comparison to its competitors.
How well does Tiger Brand’s vision and mission statements help narrow down feasible alternative strategies available for the firm?
Discuss five reasons why many mergers or acquisitions historically have failed.
If a company has $1 million to spend on a new strategy and is considering market development versus product development, what determining factors would be most important to consider?
Are international alliances more effective with competitors or non-competitors?
The world’s largest furniture retailer, IKEA based in Stockholm, Sweden, recently entered the insurance business, including child, pregnancy, and home insurance products being available at many IKEA stores.IKEA has over 59 million members of its Club, customers who regularly shop at its stores,
The big USA appliance maker, Whirlpool, recently acquired Indesit, an Italian company that sells appliances, in order to double Whirlpool’s size in Europe, where the company has struggled to compete against Electrolux AB of Sweden, LG Electronics Inc. of South Korea, and Haier Group of China.
Discuss the nature of as well as the pros and cons of a“friendly merger” versus “hostile takeover” in acquiring another firm. Give an example of each.
What are the pros and cons of a firm merging with a rival firm?
Identify three companies that use outsourcing effectively. Explain how and why those firms utilize this management approach.
Prepare a strategic-management case analysis presentation referring to the chapter’s “Implications for Students” section.
Based on the information given for Petronas, what three strategies are being pursued by the firm?
With different types of strategies, how can firms best cope with the turbulent, high-velocity markets or uncertainty in the business environment?
Identify three local businesses in your city. What three strategies do these three firms pursue? List the strategies in order of prevalence.
How does strategic management differ in for-profit and nonprofit organizations?
List three ways a country could prevent its companies from outsourcing jobs to other countries.
What are the major advantages and disadvantages of diversification?
In order of importance, list six potential benefits of two firms merging.
In order of importance, list six reasons why many mergers and acquisitions fail.
List the pros and cons of a hostile versus friendly takeover of another firm.
Explain the difference between joint ventures and partnerships as a means for achieving various strategies
Explain why you believe some analysts consider Michael Porter’s generic strategies to be too few and too vague.
List and describe the five types of bankruptcy. If your college or university had to declare bankruptcy, which type would be appropriate?
What conditions, externally and internally, would be desired/necessary for a firm to diversify?
Why is it not advisable to pursue too many strategies at once?
When would market development generally be the preferred strategy over backward or forward integration?
Give a hypothetical example of retrenchment and divestiture for Wal-Mart. Students’ answers may vary.
Give a hypothetical example of related diversification and an example of unrelated diversification for Google.
Give a hypothetical example of market penetration, market development, and product development for Toyota Motors.
Give a hypothetical example of forward integration, backward integration, and horizontal integration for Volkswagen.
In order of importance, rank six major benefits of a firm having objectives.
List six characteristics of objectives and an example of each.
Explain how and why Petronas has been so successful in recent years.
Explain how strategic management differs in governmental organizations as compared to educational institutions.
List four important reasons why many mergers and acquisitions fail.
Identify three joint ventures that have worked especially well in the past.
Do a Google search on joint ventures. What important new concepts did you learn that were not presented in the chapter?
List three industries where cooperation among competitors is most likely and explain why.
Give some examples of Type 4 and Type 5 focus strategies according to Porter’s generic strategy approach.
Which two strategies do you consider the best for Nestle to pursue? Why?
Give some guidelines of when divestiture is a particularly effective strategy. Selling a division or part of an organization is called divestiture. It is often used to raise capital for further strategic acquisitions or investments.
Should non-profit organizations post their strategic plan on their website? What about corporations? Why?
What three strategies defined in the chapter do you feel are most widely used by small businesses?
Identify five situations when forward integration is a particularly good strategy. Forward integration involves gaining ownership or increased control over distributors or retailers. Increasing numbers of manufacturers(suppliers) are pursuing a forward integration strategy by establishing websites
For Petronas, featured at the beginning of the chapter, give a hypothetical strategy for each of the following categories: market development, unrelated diversification, backward integration, and product development.
For Petronas, featured at the beginning of the chapter, give a hypothetical strategy for each of the following categories: market penetration, related diversification, divestiture, and retrenchment.
Visit Etihad’s corporate profile on the website, scroll down to the Executive Team and click on it. You will be able to view the pictures of Etihad’s nine top executives. There are no women.Explain whether you think this represents an ethical issue or not.
At the Etihad website, click on About Us section, go through its Corporate Responsibility section, and evaluate Etihad’s record on sustainability and business ethics.
Discuss the major requirements of an EMS under ISO 14001.
Firms should formulate and implement strategies from an environmental perspective. List eight ways firms can do this.
According to Barnett and Salomon, does it pay to be socially responsible? Discuss with specifics from the chapter.
Given Donald Palmer’s research, what should organizations do to help assure an ethical work environment?
Who is prone to be unethical in a business according to Donald Palmer’s research?
How do social policies on retirement differ in various countries around the world?
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 responsibility?
Discuss bribes. Would actions like politicians adding earmarks in legislation or pharmaceutical salespersons giving away drugs to physicians constitute bribery?Identify three business activities that would constitute bribery and three actions that would not.
List six desired results of “ethics training programs,” in terms of recommended business ethics policies or procedures in the firm.
Why is it important not to view the concept of “whistle blowing” as “tattle-telling” or “ratting” on another employee?
How can firms best ensure that their code of business ethics is read, understood, believed, remembered, and acted upon?
What is the relationship between personal ethics and business ethics? Are they, or should they be the same?
At the Airbus website (www.airbus.com), determine the percentage breakdown of Airbus revenues across continents. What is the company’s strategy with regards to global expansion? Is that strategy working well for the company?
What are the advantages and disadvantages of beginning export operations in a foreign country?
Make a good argument for keeping the statutory corporate tax rate in the United States the highest in the world.Make the counterargument.
Which country recently achieved its goal of having the most business-friendly tax system of the Group of Seven (G-7) nations—Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States?
Is the number languages increasing or decreasing globally? What are the strategic implications?
Make a good argument for keeping the statutory corporate tax rate in the United States the highest in the world. Make a counterargument.
Discuss how business etiquette at dinner varies across countries.
In terms of presenting flowers as business gifts, compare and contrast the practices and customs across three countries.
Discuss the business culture in Australia.
Compare sexual harassment policies and practices in your country with those in the United States.
Select three countries in South America. Prepare a one-page summary for each to reveal their attractiveness for foreign direct investment. For each of the three countries, prepare a one-page summary analyzing their suitability for foreign direct investment.
What is required to be done in a strategic-management case analysis?
Compare business practice and culture in your own country versus the United States.
Which six African countries do you feel are most suitable for foreign investment?
Africa is rapidly joining the world economic community. Give 10 examples to justify this.
What five countries in Asia have the highest GDP?What are its implications for Nestlé?
In 2016, China devalued its currency substantially.What impact does that have within and outside China?
Based on the points of comparisons discussed in this chapter compare and contrast business practices and cultures in Europe with the U.S. business culture.
Select any four countries in which Honda Motor Company operates. Evaluate their operations in those countries.
Discuss the requirements for doing business in India.
Compare tax rates in the United States versus other countries. What impact could these differences have on“keeping jobs at home?”
Describe the business culture in Japan.
Describe the business culture in Mexico.
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